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Updated: 2 hours 54 min ago

What Works in Employee Financial Wellness Programs

Wed, 01/02/2019 - 4:30pm

Join the U.S. Chamber of Commerce Foundation for a webinar on financial wellness programs (FWP) and learn how your business can benefit by creating or expanding your FWP for your employees.

Nearly a quarter of America’s workers deem their financial stress as high or overwhelming, and about 40 percent of workers report they have more financial strain now, than at the beginning of the Great Recession. Employees’ financial stresses manifest themselves at work, resulting in absenteeism and lower productivity. Employers are recognizing the need to implement a FWP for their workforce and the number and sophistication of workplace FWPs has increased since the Great Recession. Employers now face an abundance of options and little objective guidance on how to choose the right program. This webinar will help employers of ranging industries, sizes, backgrounds and interests to learn about workplace FWPs and receive the tools and resources needed to introduce one to your employees. 

Register and learn more here: https://goo.gl/Ry6kS4

Ecolab Investing in Renewable Power Project With Clearway Energy Group

Tue, 01/01/2019 - 10:28am

Ecolab Inc., the global leader in water, hygiene and energy technologies and services that protect people and vital resources, has signed an agreement to support Clearway Energy Group’s 419-megawatt (MW) wind farm, Mesquite Star, in Fisher County, Texas. Construction of the Mesquite Star wind farm is scheduled to begin in the first half of 2019.

Through a virtual power purchase agreement (VPPA) – Ecolab’s first – the company will support construction of 100 MW of new renewable electricity capacity within the Mesquite Star wind farm. The renewable electricity generated under Ecolab’s 100 MW VPPA is expected to cover 100 percent of the company’s annual domestic energy use and builds upon the 5 MW of community solar subscriptions in Minnesota that Ecolab signed with Clearway in 2015. 

“We continually work to improve the sustainability footprint of our customers’ and our own operations, and the renewable electricity generated from the Mesquite Star wind farm will help us reduce our greenhouse gas emissions 25 percent by 2020 versus a 2015 baseline,” said Emilio Tenuta, vice president of Corporate Sustainability, Ecolab.    Mesquite Star is one of more than 60 utility-scale wind and solar projects that Clearway is developing in the U.S. to help utility and corporate purchasers achieve renewable energy goals. Clearway’s footprint of renewable energy projects, including assets owned through affiliate Clearway Energy, Inc., totals 4.1 gigawatts (GW), including 2.8 GW of wind, 1.1 GW of utility solar and more than 300 MW of distributed and community solar.   “We are proud to have Ecolab as a partner on the Mesquite Star wind farm,” said Craig Cornelius, CEO of Clearway Energy Group. “Our work together is a testament to the power and potential of the growing corporate VPPA market-- and one of many ways that Clearway is consistently building out projects in our 9.5 GW pipeline of utility solar and wind projects.”    Ecolab’s VPPA agreement with Clearway is part of a broader trend among corporate buyers. In the past year alone, VPPA contracts for 5 GW of renewable energy have been signed in the United States.

About Ecolab

A trusted partner at nearly three million customer locations, Ecolab (ECL) is the global leader in water, hygiene and energy technologies and services that protect people and vital resources. With annual sales of $14 billion and 48,000 associates, Ecolab delivers comprehensive solutions, data-driven insights and on-site service to promote safe food, maintain clean environments, optimize water and energy use, and improve operational efficiencies for customers in the food, healthcare, energy, hospitality and industrial markets in more than 170 countries around the world. FOr more information, visit www.ecolab.com

Follow us on Twitter @ecolab, Facebook at facebook.com/ecolab, LinkedIn at Ecolab or Instagram at Ecolab Inc.  

About Clearway Energy Group

Clearway Energy Group is accelerating the world’s transformation to a clean energy future. Built for 21st century energy markets and focused on providing customers with the power they need and the customer experience they deserve, Clearway was created

and staffed with functions specific to renewable energy generation and distribution. With assets across 28 states, more than 500 employees and the capacity to power about 2.7 million homes, Clearway is bringing reliable and clean power to market from day one.  The Company is headquartered in San Francisco, CA with offices in Carlsbad, CA; Scottsdale, AZ; Houston, TX; and New York City, NY. For more information, visit www.clearwayenergygroup.com

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Insights Collection Delivers Fresh Summary of 2018 Trends in Corporate Social Investment

Mon, 12/31/2018 - 10:26am

To capture the sum of the social investments and impact made by businesses around the world, CECP has released the year-end edition of Investing in Society, the industry’s annual report providing a comprehensive look back at the biggest trends and insights that defined the year.

The all-digital and interactive report covers the five focus areas of Priorities, Performance, People, Planet, and Policies. Developed from CECP’s original researchthought leadership, findings from the Giving in Numbers: 2018 Edition, thousands of l discussions with more than 200 of the world’s largest companies, and engagement with leading experts and practitioners, Investing in Society is a 360-degree view of the corporate sector’s role in solving some of the world’s most pressing issues. This insights collection delves into what actions companies are taking to identify and effectively meet stakeholder needs, and how leading companies are striving to build a better world through business.

Investing in Society offers updates on the evolving corporate social investment space –traditions have been upended, and disruption is the norm,” said Daryl Brewster, CEO, CECP. “Though 2018 was extraordinary in many ways, the world’s leading businesses have emerged as a vital force, increasing their commitments to stakeholders and positive impact on society.”  

Investing in Society guides visitors through five focus areas in which leading companies are aligning their corporate social investment strategies. Each section offers compelling and practical examples of business at its best. While Investing in Society reviews many in detail, highlights include:

  • PRIORITIES: While companies and their leaders are expected to speak on pressing socials issues, companies are taking a more measured and thoughtful approach to appeal to a broader diversity of opinions, points of view, and set of stakeholders. Corporations are approaching issues in collaboration with other companies and nonprofits, showing a united front on issues that make sense given their skills and expertise. Companies are considering their long-term business plans as they identify megatrends that require their activism.
  • PERFORMANCE: CECP’s Strategic Investor Initiative continued to scale its efforts to provide a venue for CEOs to share their long-term strategic plans with audiences of long-term investors with nearly 30 CEOs from companies including Johnson & Johnson, Humana, BD, Medtronic, and Unilever making CEO Investor Forum presentations to investors representing more than $25 trillion in AUM. Recent research from SII and KKS Advisors has demonstrated a reaction to a CEO-presented long-term plan and is evidence that the audience of institutional investors finds the information in these presentations’ decision-relevant.
  • PEOPLE: CECP, Imperative, and PwC have published new research on the employee experience around purpose, higher meaning, and fulfillment at work. A staggering 96% of surveyed workers believe that achieving fulfillment at work is possible, and they see their role in making it happen.
  • PLANET: Companies recognized their potential to help in times of crisis after 2017’s unusually devastating run of natural disasters, along with the need for customized, disaster-specific responses. In fact, Giving in Numbers found that Disaster Relief was the program area that increased the most in 2017, doubling in terms of aggregated cash contributions and tripled in terms of median cash giving versus 2015.
  • POLICIES: Companies are concentrated on ensuring effective corporate governance through top-line decisions, such as management responsibilities, internal incentives at the executive level, and employees’ rights. Research has demonstrated that companies with more diverse boards produced a higher return on equity, and companies agree.

As the Executive Letter to Investing in Society, CECP also recently released the organization’s annual trends, which provide a thorough analysis of some of the biggest developments in the corporate social investment field in 2018. These five trends -- Employee Power, Collaborative Advocacy, Responsible Tech, Long-Term Growth Going Mainstream, and Impact Measured -- dovetail with the five focus areas explored in Investing in Society, offering further supporting evidence that companies are making decisions that consider their role in society and ability to effect meaningful change where it’s needed most.

The final 2018 edition of Investing in Society is available for free on cecp.co.

Note to Editors: CECP can coordinate interviews with Daryl Brewster, CEO, and Carmen Perez, Director, Data Insights, who are available for comment on the Investing in Society. Please contact Jackie Albano, jalbano@cecp.co to arrange interviews.

 

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CECP: The CEO Force for Good:

CECP is a CEO-led coalition that believes that a company’s social strategy — how it engages with key stakeholders including employees, communities, investors, and customers —determines company success. Founded in 1999 by actor and philanthropist Paul Newman and other business leaders to create a better world through business, CECP has grown to a movement of more than 200 of the world’s largest companies that represent $6.2 trillion in revenues, $18.4 billion in societal investment, 13 million employees, and $15 trillion in assets under management. CECP helps companies transform their social strategy by providing customized connections and networking, counsel and support, benchmarking and trends, and awareness building and recognition.

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