For the second consecutive year, Solidia Technologies®, a cement and concrete technology, has qualified under BP’s Advancing Low Carbon (ALC) accreditation programme. Solidia’s unique technology allows for a 30% reduction in carbon dioxide (CO2) emissions in the production of cement. Coupled with the capture of an additional 240 kg of CO2 during the CO2-curing process, Solidia’s systems can reduce the carbon footprint of cement and concrete by up to 70%.
“We’re thrilled that, once again, Solidia is recognized as a leading and effective low-carbon technology,” said Solidia’s President and CEO Tom Schuler. “The ALC programme sets a high standard for BP and its partners. We are grateful to BP for their ongoing support helping us scale a low-carbon technology that is having a lasting and meaningful impact reducing CO2.”
Each ton of cement produces ~1 ton of CO2, making cement production the second largest industrial CO2 polluter, representing 5-7% of the world’s total CO2 emissions. Solidia’s technologies both reduce carbon emissions during cement production and capture and safely sequester CO2 during concrete curing. Within five years, Solidia’s need for CO2 will more than double the existing CO2 market.
“I am delighted to see Solidia Technologies recognized again under BP’s Advancing Low Carbon programme,” said Vice President, BP Ventures, David Gilmour. “Our Advancing Low Carbon accreditation programme aims to inspire every part of BP to identify lower carbon opportunities. One year on, we are already seeing the impact the programme is having, with a 50% increase in accredited and re-accredited activities, up to 52 from 33.”
To gain accreditation, each activity must meet rigorous criteria and requirements and be independently assured by BP’s assurance partner, Deloitte LLP. BP estimates that 53 million tonnes of CO2 equivalent have been saved or offset through ALC activities delivered by BP, and 4.7 million tonnes through activities delivered by BP partners since the programme began in 2017.
The BP ALC programme highlights activities that demonstrate and deliver better carbon outcomes. Qualifying activities range from emissions reductions in BP’s operations to carbon neutral products, from investments in low-carbon technologies to BP’s renewables businesses. ALC activities are undertaken through BP’s own businesses as well as in partnership with others. Each activity included in the programme is evaluated, and subjected to independent assurance against defined criteria.
Solidia takes a giant step that leaves a small footprint, each year at scale reducing:
the carbon footprint of concrete by up to 70%, equaling 1.5 gigatonnes or ~4% of the world’s CO2 emissions, with the potential to do more;
water usage up to 100%, avoiding the consumption of 3 trillion gallons of fresh water…enough to fill 1 million Olympic swimming pools;
energy consumption at cement plants equal to ~260 million barrels of oil/year (or 67 million tonnes of coal); and
landfills by eliminating at least 100 million tonnes of concrete waste.
Using the same raw materials and existing equipment as traditional concretes, Solidia Concrete™ products are higher performing, cost less to produce, and cure in less than 24 hours. By introducing Artificial Intelligence into concrete production, Solidia is also bringing one of the world’s oldest industries into the 21st century. Solidia offers a rapid, globally, sustainable innovation that is smart business. Within 5 years, Solidia’s need for CO2 will more than double the existing CO2 market.
Based in Piscataway, N.J. (USA), Solidia’s investors include Kleiner Perkins Caufield & Byers, Bright Capital, BASF, BP, LafargeHolcim, Total Energy Ventures, Oil and Gas Climate Initiative (OGCI) Climate Investments, Air Liquide, Bill Joy and other private investors.
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As an official, EU Green Week, Partner Event, Global Sustain and the European Sustainability Academy (ESA) are co-organizing the "Corporate Responsibility and Sustainability Day", to be held on May 10, 2019 at the ANEK Lines Conference Center in Chania, Crete.
This event launches a full EU Green Week programme and aims to inform a wide range of people about practical environmental actions in Corporate Responsibility and Sustainable Development with a focus on the agri-food, tourism, transport and energy sectors.
The effects of climate change have been particularly evident in Crete recently. Responsible management of natural resources, infrastructure and energy has a huge and immediate impact on our lives. It is more necessary than ever to raise awareness of sustainable development, particularly in areas that strengthen the local economy and improve our quality of life.
The event is open to all professionals, organizations and businesses. Representatives of the European Commission and Parliament, political leadership and local government (Ministries, Regions, Municipalities), chambers, scientific and research institutions, institutions etc. are expected to take part.
The conference is under the auspices of the European Commission, the Region of Crete, the Municipality of Chania and the Technical Chamber of Greece and the Mediterranean Agronomic Institute of Chania.
Collaborating Organization: Youth Entrepreneurship Club
Sponsors: Alpha Bank, Gaia Business, GEP GROUP, Goldair Handling, Metaxa Hospitality Group
Hospitality Sponsor: ANEK Lines
Travel Partner: Ask2Travel
Logistics Partner: ITALY LINES
Rental Partner: Europrent
Supporter of Carbon Neutralization: Green Evolution
Supporters: Women's Entrepreneurs Development Club, Biolea, CEO Clubs, Dourakis Winery, Fisika, Reload Greece, Salis Restaurant
Communication Sponsors: epixeiro, ANT1, CretaLive
To see the program in detail and to participate, click here.
About Global Sustain
Founded in 2006, Global Sustain with offices in Athens, Berlin, Brussels, London, New York and Nicosia, creates awareness and inspires and supports companies and organisations to embody sustainability, through advisory, communications, networking and training, with a focus on the people-planet-profit philosophy. Its members include corporations, non-governmental and non-profit organisations, municipalities and local authorities, educational foundations, media, professional bodies, think tanks and other public or private entities. Global Sustain is a signatory to the Ten Principles of the UN Global Compact, to the Principles for Responsible Investment (PRI), a GRI Data Partner and Organisational Stakeholder (OS), an affiliated member of the Academy of Business in Society, Social Value International, Institute of Directors, CEO Clubs and EFQM. www.globalsustain.org / www.globalsustaingroup.com
About the European Sustainability Academy (ESA)
The European Sustainability Academy (ESA), is the first of its kind to be built in Europe, as an off-grid, natural materials, biophilia designed, seminar and management training center on the Greek island of Crete. It is an international center for Sustainable Enterprise and Corporate Social Responsibility (CSR) with a focus on training and research in leadership and management of sustainable business. This unique and beautiful example of sustainable architecture is powered only by renewable source energy from the Cretan sun. To provide an immersive sustainability learning experience, the site was carefully chosen in a EU Natura 2000 protected area, magnificent ancient olive grove of 8 acres in the Cretan mountain village of Drapanos. ESA clients come from across the globe from sectors including tourism, energy, waste management and construction as well as circular economy entrepreneurship and innovation. https://eurosustainability.org/
NAEM's EHS & Sustainability Management Forum is the largest annual gathering of environment, health and safety (EHS) and sustainability decision-makers. Attend this year’s Forum to find answers to some of your toughest EHS and sustainability challenges and network with the best in the industry. This year’s program will include 5 different tracks, over 25 sessions, and will be led by more than 90 EHS and sustainability leaders. Register today before it sells out!
Subaru of America, Inc. today unveiled a one-of-a-kind display at the 2019 New York International Auto Show, honoring the automaker’s long-standing support of the national parks and partnership with the National Park Foundation. The Subaru display allows attendees to experience Yosemite, Denali, Arches and Yellowstone national parks from inside New York’s Jacob K. Javits Convention Center. Auto show attendees are immersed in a 360-degree, floor-to-ceiling experience, designed to celebrate the relationship between Subaru customers, their love for outdoor adventure, and the introduction of the all-new 2020 Outback – the most adventurous, most reliable, safest and best Outback ever.
“Through our partnership with the National Park Foundation, we have provided nearly $20 million in support since 2013, funding programs and projects in more than 100 national parks that help protect these treasured places and increase public awareness and engagement across the National Park System,” said Thomas J. Doll, CEO and President, Subaru of America, Inc. “With this incredible exhibit, we continue to honor that partnership by bringing the beauty of our national parks to the auto show. This truly is a one-of-a-kind display that we know resonates with our owners who care so deeply for the environment, and we hope to continue to honor our partnership by bringing awareness of our national parks to those who have not yet had a chance to experience them.”
Featuring a mix of recycled and sustainable materials, live plants, and state-of-the-art technology, the exhibition covers over 10,000 square feet of the Javits Convention Center. The innovative display touches all senses, allowing visitors to be immersed in the sights, sounds, scents, and weather of these majestic landmarks while creating a one-of-a-kind sensorium experience. From the snowcapped magnificence of Denali’s 20,310-foot summit to the uncanny predictability of the Old Faithful geyser eruption at Yellowstone, auto show attendees are surrounded by the elements of nature while viewing the all-new 2020 Outback alongside the full Subaru SUV lineup that includes Crosstrek, Crossktrek Hybrid, Forester and Ascent.
In an effort to further bring its zero-landfill efforts to life, Subaru created the display with sustainable materials wherever possible. The automaker will reuse elements from the display for future auto shows, as well as other Subaru events, while other portions of the display will be recycled or donated. It serves as a testament to the automaker’s 20-year history of supporting the parks through partnerships and programs such as the Subaru/Leave No Trace Traveling Trainers. To date, Subaru has contributed $68 million to help preserve America’s national parks.
“Subaru provides tremendous support to our national parks,” said Will Shafroth, president of the National Park Foundation. “The National Park Foundation’s partnership with Subaru not only helps to ensure that our parks are sustainable and can thrive for years to come, but also helps to expand the community of national park champions through innovative experiences like this auto show display.”
As the largest corporate partner to the National Park Foundation, Subaru is leading the way in bringing awareness to the parks during National Park Week (April 20 to 28) to celebrate America's treasures. National Park Week is a time to explore amazing places and discover stories of history and culture. Making the National Park Foundation an early partner of the Subaru Share the Love Event, Subaru became the sole automotive partner of the Find Your Park/Encuentra Tu Parque campaign, and began sharing its zero-landfill expertise through the Don’t Feed the Landfills initiative, helping parks eliminate over 6 million pounds of waste.
The Subaru display will be open at the New York International Auto Show from Friday, April 19th through Sunday, April 28th during the following days and times:
Monday – Saturday: 10:00 am – 10:00 pm
Sundays: 10:00 am – 7:00 pm
About Subaru of America, Inc.
Subaru of America, Inc. (SOA) is a wholly owned subsidiary of Subaru Corporation of Japan. Headquartered at a zero-landfill office in Camden, N.J., the company markets and distributes Subaru vehicles, parts and accessories through a network of more than 630 retailers across the United States. All Subaru products are manufactured in zero-landfill production plants and Subaru of Indiana Automotive, Inc. is the only U.S. automobile production plant to be designated a backyard wildlife habitat by the National Wildlife Federation. SOA is guided by the Subaru Love Promise, which is the company’s vision to show love and respect to everyone, and to support its communities and customers nationwide. Over the past 20 years, SOA has donated more than $120 million to causes the Subaru family cares about, and its employees have logged more than 40,000 volunteer hours. As a company, Subaru believes it is important to do its part in making a positive impact in the world because it is the right thing to do.
About the National Park Foundation
The National Park Foundation is the official charity of America’s national parks and nonprofit partner to the National Park Service. Chartered by Congress in 1967, the National Park Foundation raises private funds to help protect more than 84 million acres of national parks through critical conservation and preservation efforts and connect all Americans with their incomparable natural landscapes, vibrant culture, and rich history. Find out more and become a part of the national park community at www.nationalparks.org.
Subaru of America, Inc.
Today, Smithfield Foods, Inc. and Lowe’s Supermarketjoined forces to donate more than more than 41,000 pounds of protein to Roadrunner Food Bank. Smithfield’s contribution was part of the company’s 2019 Helping Hungry Homes® donation tour. Helping Hungry Homes® is Smithfield’s signature hunger-relief initiative focused on alleviating hunger and helping Americans become more food secure. The donation, equivalent to more than 167,000 servings, will help families fight hunger in New Mexico.
“We are currently facing a time of great need and the support of our partners, like Smithfield, who help in creating solutions to end hunger in New Mexico is critical across our region,” said Mag Strittmatter, president and CEO of Roadrunner Food Bank. “As the largest Food Bank in the state, nutritious protein donations like this one are vital to our operations as we work to meet the needs of the 70,000 individuals we serve weekly. Thanks to Smithfield, Roadrunner will continue on its path to preventing hunger across the state.”
Representatives from Smithfield Foods and Lowe’s Supermarket presented the donation to Roadrunner Food Bank at an event at the food bank this morning. Members of each organization discussed food insecurity in the local community and the significance of this donation that will provide protein throughout the food bank’s service area, which includes more than 30 counties across the New Mexico.
“Our philosophy is, and always has been, to take care of the community, our Teammates, and their families,” said Joel Griffith, director of Human Resources for Lowe’s Supermarket. “We are committed to meeting the needs of our customers, especially in regard to food resources. It’s an honor to join Smithfield on this donation to help those across New Mexico.”
This is the 15th large-scale protein donation made by Smithfield to food banks across the country during its 2019 Helping Hungry Homes® tour. Since the program’s inception in 2008, Smithfield has provided more than 120 million servings of protein to food banks, disaster relief efforts, and community outreach programs nationwide. Through this donation, Smithfield’s Helping Hungry Homes® program has officially partnered with food banks across all 50 states, supporting the company’s social purpose to provide hunger-relief in communities from coast-to-coast.
“At Smithfield, we value our role and responsibility as a food company to feed people, and we are committed to helping fight hunger from coast-to-coast in support of our social purpose and especially our neighbors in need,” said Jonathan Toms, associate manager of charitable initiatives for Smithfield Foods. “This donation is incredibly important to us, as it marks the major milestone of making donations in all 50 states through our Helping Hungry Homes® program. We hope this donation and our annual tour inspire others to get involved with hunger relief efforts—a cause we care deeply about—in their communities and beyond.”
For more information about Smithfield Foods’ Helping Hungry Homes® initiative and a list of upcoming donation events, visit helpinghungryhomes.com.
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About Smithfield Foods
Smithfield Foods is a $15 billion global food company and the world's largest pork processor and hog producer. In the United States, the company is also the leader in numerous packaged meats categories with popular brands including Smithfield®, Eckrich®, Nathan’s Famous®, Farmland®, Armour®, Farmer John®, Kretschmar®, John Morrell®, Cook’s®, Gwaltney®, Carando®, Margherita®, Curly’s®, Healthy Ones®, Morliny®, Krakus®, and Berlinki®. Smithfield Foods is committed to providing good food in a responsible way and maintains robust animal care, community involvement, employee safety, environmental and food safety and quality programs. For more information, visit www.smithfieldfoods.com, and connect with us on Facebook, Twitter, LinkedIn, and Instagram.
About Roadrunner Food Bank
New Mexico is ranked as one of the hungriest and most poverty-stricken states in the nation. Roadrunner® Food Bank, a Feeding America member, is the largest non-profit dedicated to solving hunger in New Mexico. The Food Bank serves as a distribution hub and provides food to hundreds of affiliated partners around the state including food pantries, soup kitchens, shelters, and regional food banks. Roadrunner also distributes food through its own specialized programs helping children, families and seniors at schools, low-income seniors housing sites and senior centers. Last year, the Food Bank distributed more than 32 million pounds of food, helping 70,000 hungry people every week through a statewide hunger-relief network. For more information on solving hunger in New Mexico, visit www.rrfb.org, or follow us on social media: Facebook, Twitter, or Instagram.
About Lowe’s Supermarket
Lowe’s is a family owned and Christian-based supermarket chain that operates under numerous banners throughout the southwest United States. The Lowe family founded the company on the principle of taking care of the community, their teammates, and their families. That philosophy has allowed the company to grow from a single “mom-and-pop” style grocery store in 1964 to over 150 stores covering the entire state of New Mexico and Texas, with additional locations in Colorado, Kansas and Arizona. Lowe’s can be found in many neighborhoods throughout the southwest and our main focus in each of those stores is meeting the needs of our great customers and teammates. It’s a great day at Lowe’s!
Last week, McDonald’s disclosed the extent to which it is using mandatory arbitration and confidentiality clauses in employee agreements. This new disclosure marks a major advancement for corporate transparency in the #MeToo era and comes as a result of dialogue with shareholders. Specifically, the company has reported that it does not require employees to agree to mandatory arbitration of harassment and discrimination claims as a condition of employment and that, if McDonald’s seeks a nondisclosure agreement in connection with a harassment or discrimination claim against an officer, the board of directors will be informed to ensure appropriate oversight.
While the company’s new disclosure makes clear that these clauses are used only in limited circumstances, shareholders urge McDonald’s and all companies to follow Microsoft and Alphabet’s lead and eliminate use of these clauses completely.
Clean Yield’s Director of Shareholder Advocacy, Molly Betournay, praised McDonald’s new disclosure. “With this new level of transparency, McDonald’s has raised the bar for corporations reporting on use of employment clauses that have obscured issues of workplace harassment and discrimination. This is a win for some of the country’s most vulnerable workers. We urge other companies, particularly those in the fast-food industry, to follow suit.”
McDonald’s new disclosure is timely, as a rising tide of state laws have been passed or are under consideration to outlaw use of these provisions. More than sixteen states have introduced bills to address the use of nondisclosure agreements related to sexual harassment, and laws have passed in seven states. In February 2018, attorney generals from all 50 states signed a letter asking that Congress end mandatory arbitration in sexual harassment cases, stating, “ ... [C]oncerns arise from the secrecy requirements of arbitration clauses, which disserve the public interest by keeping both the harassment complaints and any settlements confidential … Ending mandatory arbitration ... would help to put a stop to the culture of silence that protects perpetrators at the cost of their victims.” (https://tinyurl.com/yaxtb67s)
Clean Yield Asset Management is a registered investment manager based in Norwich, Vermont. Clean Yield focuses exclusively on socially responsible asset management, offering clients customized equity and balanced portfolios and the opportunity to invest in high social impact vehicles.
If you would like more information about this topic, please call Molly Betournay at 802-526-2525 or email (email@example.com).
On Sunday, April 28, Stars of HOPE® will be painted at the 7 Annual 9/11 Memorial & Museum 5K Run/Walk and Community Day. Stars painted at the 9/11 Memorial & Museum 5K Run/Walk and Community Day will be hung on the construction fence surrounding the 9/11 Memorial Glade and will later be given to health advocates and providers, family members, first responders, and lower Manhattan residents at the dedication of the Glade on May 30, 2019.
“We are grateful to welcome Stars of Hope at our annual 5K Run/Walk Community Day,” said Alison Blais, Chief Strategy Officer at the 9/11 Memorial & Museum. “They bring uplifting messages of hope and healing to the community we will honor with the 9/11 Memorial Glade.”
The 9/11 Memorial Glade is a pathway flanked by stone monoliths incorporated into the 9/11 Memorial plaza dedicated to honoring the ongoing sacrifice of rescue, recovery and relief workers, and the survivors and members of the broader lower Manhattan community, who are sick or have died from exposure to toxins at the World Trade Center site in the aftermath of 9/11; it will also recognize the courage, selflessness and perseverance of the men and women of the rescue and recovery effort.
Stars of HOPE is a therapeutic arts program that was created after 9/11 by the New York Says Thank You Foundation. Participants paint 12” x 12” wooden stars with messages of hope that they then send on to disaster sites in need of those messages.
Stars of HOPE and the New York Says Thank You Foundation has participated Community Day since its inception. Stars of HOPE created at the community event have gone to the Nepal community post-earthquake, to Israeli and Palestinian teenagers who lost family members due to the conflict, and to many communities across the United States in response to natural and human-caused tragedies. Over 1,500 Stars of HOPE painted at Community Day have been shared around the world.
If you would like to paint Stars of HOPE that will be given to 9/11- health advocates and providers, family members, first responders and lower Manhattan residents at the dedication of the 9/11 Memorial Glade, please visit our HOPE ALERT for the Memorial Glade. https://starsofhopeusa.org/memorialglade/
About Stars of HOPE Program:
Stars of HOPE® USA is the world’s largest and fastest growing healing arts program. We are a unique disaster response and community arts program empowering people to transform communities impacted by natural and human-caused disasters by creating and displaying colorful art and messages of hope and healing. In 2007, Stars of HOPE® started with two families – Today, with the help of over 90,000 volunteers, Stars of HOPE have transformed over 220 communities in 26 countries impacted by disaster and tragedy with messages of hope, healing and resilience. Thank you to our National Community Sponsor KMPG, LLP. Stars of HOPE® is a registered trademark of New York Says Thank You Foundation. For more information and photos, please visit Stars of HOPE USA or Facebook.com/starsofhopeusa
About 9/11 Memorial Museum:
The National September 11 Memorial & Museum is the nonprofit organization that oversees operations for the 9/11 Memorial and 9/11 Memorial Museum. Located on eight of the 16 acres of the World Trade Center site, the Memorial and Museum remember and honor the 2,983 people who were killed in the horrific attacks of September 11, 2001 and February 26, 1993. The Memorial plaza design consists of two reflecting pools formed in the footprints of the original Twin Towers surrounded by swamp white oak trees. The Museum displays more than 900 personal and monumental objects while its collection includes more than 60,000 items that present intimate stories of loss, compassion, reckoning and recovery linked to the events of 9/11 and the aftermath. The Museum also explores the global impact of 9/11 and its continuing significance through education programs, public programs, live talks and film features that cover contemporary topics designed for diverse audiences.
Earth Day Network is implementing a nationally coordinated environmental volunteer cleanup to mark Earth Day 2019, in collaboration with partners across the U.S., including National CleanUp Day and Keep America Beautiful. All over the country people are encouraged to get up, get out, and help clean their communities to celebrate Earth Day.
People have a right to expect a clean environment and can exercise that right by helping to clean their own communities with over 3,000 cleanups of green spaces, urban landscapes and waterways with grassroots organizations leading up to Earth Day on April 22 and taking place throughout the remainder of the month of April.
Volunteers across the U.S. are coming together with grassroots organizations for Earth Day 2019 to clean up over 3,000 green spaces, urban landscapes, and waterways. Plastic pollution and waste challenge every community, every day, and these cleanups offer a chance to make a real difference.
Cleanups are planned in over 80 cities and town, including Chicago, Dallas, Denver, Honolulu, Los Angeles, Miami, New York, Richmond, San Diego, San Francisco, Seattle and Washington, D.C. More cities and sites are being added every day.
Volunteer registration is open right now. Volunteers are invited to sign up here.
The Earth Day 2019 Cleanup aims to inspire volunteerism and achieve tangible impact on waste in our environment. The unified campaign includes mobile registration, digital mapping, social media, photo sharing, corporate volunteer engagement, and data collection on cleanup results.
Building on best practices and verifiable metrics from 2019, this event will then be scaled up for the 50th Anniversary of Earth Day in 2020, which will be known as the Great Global Cleanup, featuring more than 100,000 events globally with goal of 1 billion pieces of trash collected.
“The Great Global Cleanup will bring together millions of people around the globe to create the largest coordinated volunteer event in history,” Earth Day Network President Kathleen Rogers said. “We are excited to kick off in cities across the U.S. in 2019, and to expand globally in 2020 in honor of the 50th anniversary of Earth Day.” For more information, go to earthday.org/greatglobalcleanup.
Earth Day 2019 Cleanup sponsors include Toyota, Kiehl’s Since 1851, Dos Gardenias, Burton Snowboards and Fetzer.
About Earth Day Network
Earth Day Network’s mission is to diversify, educate, and activate the environmental movement worldwide. Growing out of the first Earth Day (1970), Earth Day Network works with more than 50,000 partners in 190 countries to build environmental democracy. More than 1 billion people now participate in Earth Day activities each year, making it the largest civic observance in the world. Learn more at earthday.org.
About National Cleanup Day
National CleanUp Day is a call to action. National CleanUp Day is a 501(c)3 nonprofit organization, dedicated to keeping our nation’s urban, rural, and outdoor public spaces free of litter and trash. For more information, please visit nationalcleanupday.org.
About Keep America Beautiful
Keep America Beautiful, the nation’s leading community improvement nonprofit organization, inspires and educates people to take action every day to improve and beautify their community environment. Established in 1953, Keep America Beautiful strives to End Littering, Improve Recycling and Beautify America’s Communities. We believe everyone has a right to live in a clean, green and beautiful community, and shares a responsibility to contribute to that vision. The organization is driven by the work and passion of more than 600 Keep America Beautiful affiliates, millions of volunteers, and the collaborative support of corporate partners, social and civic service organizations, academia, municipalities, elected officials, and individuals. Join us on Facebook, Instagram, Twitter and YouTube. Donate and take action at kab.org.
+1 (203) 644-4958
Keep America Beautiful
YourCause, a Blackbaud (NASDAQ: BLKB) company and a leader in corporate social responsibility software solutions, announced the release of its seventh Industry Review, a comprehensive analysis of employee engagement and corporate social responsibility (CSR) programs. YourCause introduced the new report at its CSRWorks client conference, an annual gathering of more than 300 clients, CSR and employee engagement professionals being held in Austin, Texas.
Corporate citizenship formalizes a company’s commitment towards positively impacting the community through workplace giving, employee volunteering, corporate grantmaking and ethical operations. In 2011, only 20% of Fortune 500 companies had a formal CSR program. By 2015, that number had quadrupled to 80% and continues to rise as customers demand it, employees expect it, and businesses thrive because of it.
“We’re not only proud of the work behind this report but the work we know this report will inspire,” said David Rode, president and general manager, Blackbaud Corporate and Foundation Solutions. “With better data and insights, companies know what they can do to keep their employees engaged, their customers delighted, and their operations connected to a greater role within the world. CSR means being conscious of and reactive to larger social good opportunities, and with this information at hand, companies can refine their operations to drive the most impact while also experiencing the greatest business success.”
The 2019 Industry Review highlights data by industry, compares domestic versus international CSR programs and explores the impact of natural disasters on giving. YourCause reported on data collected between January and December 2018 to derive the observations contained within the 2019 Industry Review. Key findings from the report include:
Average volunteer hours per employee grew by nearly 43% in very large companies of 100,000 or more employees.
Companies with fewer than 5,000 employees experience nearly double the employee engagement of larger companies.
Employees who work in the same state as company headquarters are 2.5 times more likely to give than their counterparts in other states.
Retirees, on average, contributed almost 4.5 times more dollars and logged nearly eight times as many volunteer hours than full-time employees.
An additional $800,000 in funds reached the social good community when companies covered credit card fees for their employees.
Additionally, YourCause’s 2019 Industry Review found that 90% of companies worldwide acknowledge Sustainable Development Goals, a collection of 17 global goals for 2030 set by the United Nations General Assembly to build a better future for all. While 71% of companies are planning what they can do to address these goals and more than 40% of companies have pledged to embed the goals into their business strategies and operations, only 43% of global Fortune 250 companies that report on CSR link their efforts to the goals.
“This report highlights specific actions that companies can take to play a critical role in the world beyond the specific product or service they provide,” said YourCause founder Matthew Combs. “CSR and employee engagement has never received the level of attention that it’s getting today. A company’s CSR program is now informing—and even driving—key business decisions, which makes the data from our report that much more crucial. We take each of these reports as a fresh, informed call to action in hopes of playing an influential role in delivering a positive impact.”
Click here to read the 2019 Industry Review. For further insight, listen to an episode of The sgENGAGE Podcast featuring a conversation between Rachel Hutchisson, Blackbaud’s vice president, Corporate Citizenship and Philanthropy, and YourCause’s Dustin Joost, vice president, Sales and Marketing.
Blackbaud acquired YourCause in January 2019. YourCause customers, a diverse portfolio that includes Fortune 500 companies and small businesses alike, benefit from Blackbaud’s longstanding connections to the nonprofit community and deep investments in research and development to accelerate innovation. Blackbaud customers benefit from a marked expansion and acceleration of workplace giving and volunteering while building a source of new donors, volunteers and advocates.
YourCause (a Blackbaud company) is a Software-as-a-Service (“SaaS”) provider of the CSRconnect Employee Engagement Platform (“CSRconnect”) and the GrantsConnect Corporate and Foundation Grants Management Platform (“GrantsConnect”), as well as integrated, fully hosted solutions for corporations to more effectively deploy and manage their employee giving, volunteering, disaster relief, grant management, fundraising, and overall corporate social responsibility and philanthropy programs. YourCause continues to expand its operations through the ongoing deployment of end-to-end solutions for enterprises, nonprofits, and do-gooders. YourCause’s Transparent Giving model allows the company to maximize impact across its Global Good Network benefitting millions of nonprofits around the world.
Blackbaud (NASDAQ: BLKB) is the world's leading cloud software company powering social good. Serving the entire social good community—nonprofits, foundations, companies, education institutions, healthcare organizations and individual change agents—Blackbaud connects and empowers organizations to increase their impact through cloud software, services, expertise, and data intelligence. The Blackbaud portfolio is tailored to the unique needs of vertical markets, with solutions for fundraising and CRM, marketing, advocacy, peer-to-peer fundraising, corporate social responsibility, school management, ticketing, grantmaking, financial management, payment processing, and analytics. Serving the industry for more than three decades, Blackbaud is headquartered in Charleston, South Carolina and has operations in the United States, Australia, Canada and the United Kingdom. For more information, visit www.blackbaud.com, or follow us on Twitter, LinkedIn, and Facebook.
Director, Corporate Communications
Except for historical information, all of the statements, expectations, and assumptions contained in this news release are forward-looking statements that involve a number of risks and uncertainties, including statements regarding expected benefits of products and product features. Although Blackbaud attempts to be accurate in making these forward-looking statements, it is possible that future circumstances might differ from the assumptions on which such statements are based. In addition, other important factors that could cause results to differ materially include the following: general economic risks; uncertainty regarding increased business and renewals from existing customers; continued success in sales growth; management of integration of acquired companies and other risks associated with acquisitions; risks associated with successful implementation of multiple integrated software products; the ability to attract and retain key personnel; risks associated with management of growth; lengthy sales and implementation cycles, particularly in larger organization; technological changes that make our products and services less competitive; and the other risk factors set forth from time to time in the SEC filings for Blackbaud, copies of which are available free of charge at the SEC’s website at www.sec.gov or upon request from Blackbaud's investor relations department. All Blackbaud product names appearing herein are trademarks or registered trademarks of Blackbaud, Inc.
What’s the news: T-Mobile, in partnership with The Nature Conservancy, kicks off its 2019 #TreeMobile Campaign, which gives everyone the opportunity to help regreen our planet – one tree at a time. Through #TreeMobile, T-Mobile aims to plant up to 500,000 trees.
Why it matters: Trees literally feed our planet – they filter clean air, provide fresh drinking water, help curb climate change, create homes for thousands of species of animals – and make our communities beautiful! That’s why T-Mobile wants to help America plant MORE trees -- and #TreeMobile will do just that!
Who it’s for: Everyone who loves our planet and wants to participate in a movement to plant up to 500,000 trees!
Every day is Earth Day at the Un-carrier. Today, T-Mobile (NASDAQ: TMUS) launches its #TreeMobile Campaign for the second year in a row in partnership with The Nature Conservancy, this year asking people to help them plant up to half a million trees! T-Mobile is going to celebrate for the next three months and give people four fun ways to regreen our planet -- one tree at a time -- during April, May AND June.
“T-Mobile is all about magenta but we love green, too – especially when we are talking about our planet! Last year on Earth Day, with your #TreeMobile tweets we planted 27,000 trees but that was just the beginning. This year we are going even bigger!” said John Legere, CEO of T-Mobile. “Your participation in #TreeMobile showed us that you were just as passionate about the environment as we are, so this year we are going to keep the goodness going for three months! Over the next three months we want to you to get out into nature and help us plant up to 500,000 more trees!”
Green for the Planet, Green for You (April 16 through April 21)
It’s easy being green! Starting today through April 21, watch T-Mobile social channels and head to the T-Mobile Tuesdays app to learn about The Nature Conservancy and play a fun nature-themed scavenger hunt. When you find two or more hidden objects, T-Mobile will make a donation to plant a tree through The Nature Conservancy on your behalf – up to 300,000 trees. Bonus: You’ll be entered for the chance to win a $1000 cash prize just for playing! Want an additional chance at that $1k? Share the game on social after you play - and you’ve got a second entry. Plant a tree and be entered to win cash – see it is easy being green!
Get Out Into Nature
And we’re not stopping there! We want you to get out into nature this Spring and enjoy our big, beautiful planet! When you do, you can help us with our goal to donate up to 200,000 more trees (on TOP of the 300k mentioned above!) to The Nature Conservancy by June 11, 2019. Here’s how you can join in the fun by getting outdoors:
#TreeMobile #TrashTag – Earth Day (April 22 through April 28)*
Help clean things up! We love following the #TrashTag movement of people posting pics of themselves cleaning up their local communities and in honor of Earth Day, we want to help this epic movement grow even bigger! Starting April 22 through April 28, post your cleanup pics to Twitter or Instagram with both #TreeMobile and #Trashtag and boom -- T-Mobile will donate a tree to The Nature Conservancy who will plant it on your behalf!
#TreeMobile Tree-Huggers – National Love a Tree Day (May 16 through May 22)*
May 16th is National Love a Tree Day and we want you to get out there to give your favorite tree a squeeze. Get some fresh air, tell the world how much our trees matter, and plant a tree at the same time! Starting May 16 through May 22 your tweets and ‘grams that include your beau-tree-ful pics plus the #TreeMobile hashtag will help The Nature Conservancy plant new trees, one sapling at a time!
#TreeMobile Get Outside – World Environment Day (June 5 through June 11)*
And finally, lace up your sneakers on World Environment Day, June 5, and get out, get moving and really enjoy nature! Take some time to truly appreciate our beautiful planet and give back at the same time. Share your pics with the #TreeMobile on Twitter or Instagram anytime between June 5 and June 11 -- and T-Mobile will donate a tree to The Nature Conservancy who will plant one new tree per hashtag!
To track updates on the #TreeMobile campaign and check out fun photos of people out in nature, tune into the T-Mobile Newsroom. For more information on the digital scavenger hunt, check the T-Mobile Tuesdays app today through April 21.
And to learn more about The Nature Conservancy and its effort to Plant a Billion Trees visit www.nature.org/plantabillion.
About T-Mobile Sustainability
T-Mobile is ALL IN on sustainability – it’s the right thing to do for our customers, plus it’s smart business. In an industry leading move, T-Mobile made a commitment to RE100 to use 100% renewable energy by 2021 – which includes our Bellevue headquarters, stores, cell towers and call centers. As a result, we expect to cut T-Mobile’s energy costs by around $100 million in the next 15 years. Plus, all of our facilities are actively participating in initiatives and practices to create less waste and conserve energy, and we offer device recycling in every T-Mobile retail store. T-Mobile has been recognized for these industry-leading initiatives by both the Environmental Protection Agency (EPA) and the Center for Resource Solutions (CRS) at the 2018 Green Power Leadership Awards. Magenta is getting greener every day, and we won’t stop! For more information on our sustainability practices, visit T-Mobile.com/Sustainability.
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Sweepstakes: NO PURCHASE NECESSARY. Open to residents of the 50 U.S., P.R. & D.C. 13+. 5:00 am ET 4/16/19-11:59 pm ET 4/22/19. On how to enter & full rules go to T-MobileTuesdays.com. Void where prohibited.
*T-Mobile will donate up to 67,000 trees from 4/22/19-4/28/19 & 5/16/19-5/22/19 and up to 66,000 trees 6/5/19-6/11/19.
About T-Mobile US, Inc.As America's Un-carrier, T-Mobile US, Inc. (NASDAQ: TMUS) is redefining the way consumers and businesses buy wireless services through leading product and service innovation. Our advanced nationwide 4G LTE network delivers outstanding wireless experiences to 79.7 million customers who are unwilling to compromise on quality and value. Based in Bellevue, Washington, T-Mobile US provides services through its subsidiaries and operates its flagship brands, T-Mobile and Metro by T-Mobile. For more information, please visit http://www.t-mobile.com.
T-Mobile US, Inc. Media Relations
The International Tin Association (ITA) and the Responsible Business Alliance (RBA), on behalf of its Responsible Minerals Initiative (RMI), have signed a new memorandum of understanding (MoU) to enhance cooperation across the entire tin value chain and further strengthen progress on responsible production and sourcing of tin. Both industry groups pioneered approaches to tackling minerals sourcing challenges from higher risk areas and intend that these experiences are used in setting a common direction for future activities promoting supply chain improvements appropriate to both the upstream and downstream industries.
The MoU sets out a series of objectives and collaboration mechanisms for the future working relationship between ITA and the RMI, including the establishment of a joint taskforce, aiming to enable tin stakeholders at all levels to demonstrate compliance with regulations and wider expectations for responsible supply chains. With ITA and RMI memberships including very significant representation from both upstream and downstream tin industries this is a unique opportunity to achieve an equal and effective value chain approach.
"We are excited to announce this important new step forward for the tin industry" said Kay Nimmo, Sustainability Manager at ITA. "This further demonstrates the leadership capabilities of both ITA and the RMI and their determination to take on the very significant technical and political challenges involved in bringing the whole supply chain together to provide realistic but robust compliance solutions for responsible sourcing of tin."
"This collaboration marks a new chapter in advancing ITA’s and RMI’s common objectives for the responsible sourcing and production of tin," said Leah Butler, Vice President, Responsible Business Alliance. "Our organizations bring together a unique set of capabilities, perspectives and influence that will enable us to address the evolving needs of industry and stakeholders and build on the systems of today to achieve greater positive impacts."
Central to the new agreement is work already underway to review tin smelter audit criteria and procedures designed to demonstrate company implementation of OECD due diligence. Maximising the alignment of these criteria with the OECD Due Diligence Guidance is intended to lead to recognition by the European Commission under the new EU Minerals Supply Chain Due Diligence Regulation and ultimately harmonisation with other upcoming requirements such as from the LME. A new draft joint ITA-RMI Assessment Criteria is expected to be available by the second half of 2019, and auditing options will exist for smelters to demonstrate conformance with the RMI’s Responsible Minerals Assurance Process (RMAP) and the responsible sourcing standard of the ITA Code of Conduct for tin producers.
About International Tin Association:
The International Tin Association (formerly ITRI) is the world's foremost authority on tin with over 80 years’ experience in tin related technologies. It is a membership-based organisation representing major tin producers and smelters and is the premier source of tin related information. ITA has specialist knowledge of tin use in all the major sectors as well as groups responsible for statistical and market information, future uses, regulatory affairs and sustainability. It provides links to the main tin consuming sectors through a substantial network of industry contacts. The organisation hosts seminars and international conferences. It also provides marketing and technical support to its members and the tin industry in general. Further information can be obtained from http://www.internationaltin.org
About the Responsible Minerals Initiative
The Responsible Minerals Initiative (RMI) is an initiative of the Responsible Business Alliance (RBA). The RMI is a multi-industry initiative with more than 360 member companies. Its members contribute to the development and international uptake of a range of tools and resources focused on minerals supply chain due diligence, including independent third-party audit programs for smelters, Minerals Reporting Templates, supply chain risk assessment tools, Country of Origin data, and guidance documents on responsible sourcing of tin, tantalum, tungsten and gold, and cobalt. The RMI runs regular workshops on responsible sourcing issues and contributes to policy development with civil society organizations and governments. For more information, visit http://www.responsiblemineralsinitiative.org
For further enquiries please contact:
Sustainability & Regulatory Affairs, ITA
Tel: +44 (0)1727 871312
Dr Jeremy Pearce
Market Intelligence & Communications, ITA
Tel: +44 (0) 1727 871311
Mob: +44 (0)79 09890630
Tel: +1 571 858 5721
Wildfire, insect infestation, disease, and severe weather have degraded hundreds of thousands of acres of National Forest land nationwide. The damage has destroyed wildlife habitat, impaired watersheds, stressed drinking water sources, degraded places people recreate, and compromised the ability of our forests to absorb and store carbon.
As a result, dozens of National Forests urgently need active reforestation. The National Forest Foundation (NFF), a private nonprofit organization, is working closely with the U.S. Forest Service to restore lost forest cover, with far reaching benefits for watersheds, wildlife, climate, recreation, and more.
“From the Sierra Nevada’s conifer slopes to grizzly habitat in Montana to a favorite family campground in the Appalachians, the places we are restoring matter deeply to Americans,” said Ray A. Foote, NFF executive vice president. “The groundswell of enthusiasm for planting trees -- from major U.S. companies to school groups and individual citizens in every state – is inspiring. These partners are enabling us to meet an urgent need today. They’re also doing something with impact for generations.”
The NFF’s accelerating efforts add to the success of its early stages in a campaign to plant 50 million trees on National Forests. Last year, the NFF planted 2.6 million trees to kick off this multi-year initiative. In 2019, the organization will nearly double its previous record.
The Forest Service estimates more than one million acres need reforestation now. The NFF is the only organization in America whose reforestation work is dedicated solely to National Forest lands.
The NFF coordinates with the Forest Service to select high priority reforestation projects, planting only native, ecologically appropriate tree species. “Every project is different,” added Foote “In the Midwest, we come in after blowdown events and deadly infestations. In the Southeast, our work boosts longleaf pine forests, a signature species of that region. In Arizona, NFF planting projects create forests more resilient to future fires. But what is not different is the high quality science, research, seed collection, and nursery work. Then, it is critical to plant the right seedlings in the right place at the right time.”
Through its simple model of one-dollar-plants-a-tree, the campaign mobilizes businesses and individuals to concrete action. “We’re inspired the by sustainability leadership of so many companies and small businesses that are demonstrating that our forests, and their future, matter” said Wes Swaffar, director of partnerships and reforestation. “Partnerships with companies as diverse as Caudalie (cosmetics), Busch (beer), and Lands’ End (clothing) demonstrate the breadth of interests and approaches in this transformative effort. We invite every American company to join this campaign. Doing so provides environmental, social, economic, and health benefits.”
In a single year, a typical tree can absorb and hold up to 11 pounds of carbon dioxide. Over 100 years, a single tree can sequester a half-ton, further underscoring the impact of the five million trees the NFF will plant in 2019 alone.
Learn how you can help the NFF plant 50 million trees at nationalforests.org/50million.
The National Forest Foundation promotes the enhancement and public enjoyment of our 193-million-acre National Forest System. By directly engaging Americans and leveraging private and public funding, the NFF improves forest health and Americans’ outdoor experiences. The NFF’s programs inform millions of Americans about the importance of these treasured public lands. Each year, the NFF restores fish and wildlife habitat, plants trees in areas affected by fires, insects and disease, improves recreational opportunities, and enables communities to steward their National Forests and Grasslands.
The Charities@Work 18th Annual Employee Engagement Summit June 12-13, 2019 in New York City just announced the initial speaker line-up. This year’s topics include a fireside chat: sparking social change without getting burned; the new frontiers in diversity and inclusion; integrating employee engagement and employee resource groups with CSR; and more.
Confirmed speakers to date include:
Gina Rude, US Corporate Citizenship Manager at Accenture
Tiffany Calderon, Senior Manager at Best Buy
Alex Cunningham, Senior Advisor, Global Social Investment at Chevron U.S.A. Inc.
Kevin Clayton, Vice President, Diversity and Inclusion and Community Engagement at the Cleveland Cavaliers Holding Company
Lori George Billingsley, Chief Diversity and Inclusion Officer, The Coca-Cola Company
Jillian Mershon, Senior Manager, Strategic Partnerships , Community Impact at Comcast
Danielle Holly, CEO at Common Impact
Nita Kirby, Director, Strategy at Cybergrants
Michael Carren, Vice President and Head of Corporate Social Responsibility at Guardian Life Insurance
Michael Bzdak, Ph.D., Executive Director, Global Community Impact at Johnson & Johnson
Yezenia Ramos, Senior Manager of Employee Engagement for North America, Global Community Impact at Johnson & Johnson
Erin Gollhofer, Global CSR Consultant at Kimberly-Clark Corporation
Anita Whitehead, Principal at KPMG, Corporate Citizenship Service Practice
Jerome Tennille, Manager, Volunteerism at Marriott International
Shilpa Nadhan, Manager, Social Impact at Marriott International
Matthew Nelson, Corporate Vice President at New York Life Insurance
Dezarie Mayers, Senior Manager, Corporate Responsibility at Pfizer
Heather Lofkin Wright, Responsible Business Leadership Director at PwC US
Chris Jarvis, Co-Founder and Chief Strategy Officer at Realized Worth
Angela Parker, Co-Founder and CEO at Realized Worth
Arlene De La Cruz, Assistant Managing Director, NYC Roastery, Starbucks
Peter Dudley, Author, CSR expert, and former SVP at Wells Fargo
Since last year’s Emerging Leaders preconference sold out quickly, this year’s Summit is offering two pre-conference tracks: professional development for emerging CSR leaders plus a new “shark thank” for seasoned CSR professionals to tackle tough challenges such as increasing employee engagement and participation and measuring tangible impact.
The preconference includes a volunteer activity packing 10,000 meals with Rise Against Hunger led by Dezarie Mayers, Senior Manager of Corporate Responsibility at Pfizer, Inc. who leverages these opportunities to engage employees and demonstrate tangible impact at Pfizer.
The Summit is led by an advisory council of top social impact leaders, chaired by Michael Carren of Guardian Life Insurance. Preconference and Summit registration before April 30 is discounted $100 with code EARLYBIRD19: https://charitiesatwork.org/
This summit is made possible thanks to generous sponsors:
Best Buy, Comcast, New York Life, Realized Worth
The Bill and Melinda Gates Foundation, Chevron U.S.A. Inc., The Coca-Cola Company, Cybergrants, 3BL Media
KIND Snacks, Pfizer
To discuss sponsorship opportunities, please contact Amanda at firstname.lastname@example.org.
Charities@Work (Charities at Work) bridges the corporate and nonprofit sectors to achieve greater social impact. Charities@Work is an alliance of three nonprofit organizations – Community Health Charities, EarthShare and Global Impact – that collectively represent more than 3,000 of the leading health, environmental, international development, and community nonprofits making a difference in the U.S. and around the world today. These nonprofits exist to facilitate interaction and partnership between charities, companies, and their employees for meaningful outcomes and impact for all.
The European & Developing Countries Clinical Trials Partnership (EDCTP) has granted new funding of €10m over five years to support late-stage clinical trials of a next-generation antimalarial combination including KAF156 (ganaplacide). The trials will be conducted in four countries in West and Central Africa: Burkina Faso, Gabon, Mali and Niger.
Led by the WANECAM consortium (West African Network for Clinical Trials of Antimalarial Drugs), ten academic organisations based in Africa and Europe will collaborate with the not-for-profit organization Medicines for Malaria Venture (MMV) and the pharmaceutical company Novartis to develop its compound KAF156 in combination with a new formulation of lumefantrine. The aim is to advance the development of a much-needed new antimalarial therapy while strengthening clinical trial development capabilities in Africa.
Global partnerships have made significant strides in malaria control over the past 20 years, yet the rate of progress has recently diminished. A recent survey of African malaria leaders showed high levels of concern around resistance to some of the current gold-standard treatments, artemisinin combination therapies (ACTs), in Asia, and the likelihood that it could spread to Africa, emphasizing the urgent need for novel, easy-to-administer antimalarial medicines.
The Principal Investigator, Professor Abdoulaye Djimdé of the L'Université des Sciences, des Techniques et des Technologies de Bamako and coordinator of the WANECAM group, said: “We welcome the generous support from EDCTP and are grateful for their long-term commitment to clinical development in Africa – and specifically supporting clinical research in critical diseases such as malaria. This backing is vital to accelerate the development of this much-needed new compound. African collaboration with a group of international experts on this programme can help ensure the trials are completed rapidly and to the highest quality standards. With reports about parasite resistance to artemisinins and ACTs, it is essential that we have new antimalarials ready and waiting.”
KAF156, the new antimalarial compound that will be studied, holds the potential to be the first new chemical class of compound for the treatment of acute malaria in 20 years, which in combination with the new formulation of lumefantrine could be administered as a single-dose treatment. The combination is currently in late-stage clinical trials across 17 centres in nine countries in Africa and Asia. It is being developed by Novartis with scientific and financial support from MMV (in collaboration with the Bill & Melinda Gates Foundation), and is one of seven late-stage antimalarials being developed by MMV partnerships. The EDCTP grant will fund two clinical trials for KAF156 in combination with a new formulation of lumefantrine which will include studying its effectiveness in children, the group most at risk of dying from malaria. If successful, data from these trials will support future submissions to register the medicine with regulatory authorities.
The EDCTP funding will also support efforts to strengthen clinical research infrastructure in Niger, as well as existing clinical research capacities at all other trial sites involved. These efforts will involve exchanging experiences and best practices between the sites and the European academic centres, as well as with Novartis and MMV.
Dr. Michael Makanga, EDCTP Executive Director, said: “We are delighted to broaden the coalition of organisations that EDCTP funds and partners to deliver our malaria strategy. By involving the private sector and a not-for-profit PDP, we have broadened our network of expertise. With all sectors working together, we can build stronger partnerships to defeat malaria.”
By 2017, malaria mortality had more than halved in sub-Saharan Africa compared to the turn of the century, due to better prevention, mainly via bednets, and improved treatment with ACTs. However, over 400,000 people died due to malaria-related causes that year, most of them young children under the age of five. The most recent 2018 World Malaria Report stated that progress in the fight against the disease is flattening for the second year in a row.
 The full list of partners can be found in the appendix below
 KAF156 (ganaplacide) is the result of a Welcome Trust, MMV and Singapore Economic Development Board supported joint research program with the Novartis Institute for Tropical Diseases, the Genomics Institute of the Novartis Research Foundation, and the Swiss Tropical and Public Health Institute.
Notes to Editors
Details of trials to be funded
The EDCTP grant will fund two trials of KAF156 in combination with a new formulation of lumefantrine:
Recruitment into the first trial is expected to start in early 2020.
Appendix - list of EDCTP-funded partner organizations, their websites and quotes:
Morgan Stanley’s Institute for Sustainable Investing and Northwestern University’s Kellogg School of Management in the U.S. today announced that Carbon Yield Fund was named the winner of the 2019 Kellogg-Morgan Stanley Sustainable Investing Challenge. The team was one of 12 finalists competing in the Challenge at Morgan Stanley’s Hong Kong offices on Friday. The team proposed a solution to help reduce greenhouse gas emissions by increasing organic farming practices.
The Carbon Yield Fund would provide loans to Midwestern farms in the United States that begin the organic certification process, then monetize emissions reductions associated with regenerative organic agriculture through an aggregated carbon offset program, documenting and marketing credits on behalf of the farmers. This additional revenue would help offset transition costs for farms and return capital to the fund’s investors.
Now in its ninth year, the Kellogg-Morgan Stanley Sustainable Investing Challenge is an annual global competition designed to inspire future leaders to develop innovative financial vehicles to help address environmental, social and governance challenges. The 12 finalist teams were selected from 365 students, hailing from 50 countries. They represent 80 graduate schools and their projects targeted impact in 31 countries.
“We continue to be inspired by the level of creativity and passion embedded in these student proposals that aim to help solve some of the most complex issues facing the world today and in the future,” said Matthew Slovik, Head of Global Sustainable Finance at Morgan Stanley. “The impressive proposal articulated by the Carbon Yield Fund demonstrates that by bringing creativity to finance, we can make meaningful progress on pressing social and environmental challenges.”
The winning team consisted of Tom Fields, David Mallett, Claire Pluard and Sam Schiller from the United States.
This year’s runner-up was the Grey to Green Fund, who proposed a solution to help reduce hotels’ water consumption throughout the United States. They designed a multi-asset fund that would act as a market aggregator for hotel greywater infrastructure.
“One of my favorite parts about the challenge is seeing the diverse set of solutions that are brought to the table by these future leaders,” said Dave Chen, Principal & CEO, Equilibrium Capital and Adjunct Professor of Finance, Kellogg School of Management. “We want to congratulate the 12 finalist teams, our winners and each of the 365 students that entered the Kellogg-Morgan Stanley Sustainable Investing Challenge. They challenged themselves to create investment strategies that can help deliver positive impact.”
The Challenge seeks to inspire the next generation of sustainable investing practitioners, connect emerging leaders with industry professionals, and foster greater emphasis on sustainable finance at graduate schools around the world. More information on this year’s finalists and winner can be found on Morgan Stanley's website. You can also follow the conversation on social media with #SIChallenge.
About Morgan Stanley
Morgan Stanley (NYSE: MS) is a leading global financial services firm providing investment banking, securities, wealth management and investment management services. With offices in more than 41 countries, the Firm's employees serve clients worldwide including corporations, governments, institutions and individuals. For more information about Morgan Stanley, please visit www.morganstanley.com.
About The Morgan Stanley Institute for Sustainable Investing
The Morgan Stanley Institute for Sustainable Investing builds scalable finance solutions that seek to deliver competitive market rate returns while driving positive environmental and social impact. The Institute creates innovative financial products, thoughtful insights and capacity building programs that help maximize capital to create a more sustainable future. For more information about the Morgan Stanley Institute for Sustainable Investing, visit www.morganstanley.com/sustainableinvesting.
About Kellogg School of Management
The Kellogg School of Management at Northwestern University develops brave leaders who inspire growth in people, organizations and markets. Based just outside of Chicago, the school is a global leader in management education, renowned for its distinctive thought leadership and pioneering approach to learning. Kellogg offers an innovative portfolio of programs: four Full-Time MBA programs including leading one-year program and joint degree programs with the engineering, law and medical schools; a Part-Time MBA Program; the premier Executive MBA global network; and extensive non-degree Executive Education programs. To learn more about Kellogg School of Management at Northwestern University, please visit http://www.kellogg.northwestern.edu.
This material was published on April 12, 2019 and has been prepared for informational purposes only and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. This material was not prepared by the Morgan Stanley Research Department and is not a Research Report as defined under FINRA regulations. This material does not provide individually tailored investment advice. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it. Morgan Stanley Smith Barney LLC and Morgan Stanley & Co. LLC (collectively, "Morgan Stanley"), Members SIPC, recommend that recipients should determine, in consultation with their own investment, legal, tax, regulatory and accounting advisors, the economic risks and merits, as well as the legal, tax, regulatory and accounting characteristics and consequences, of the transaction. The appropriateness of a particular investment or strategy will depend on an investor's individual circumstances and objectives.
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