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Smithfield Foods Releases Animal Care Section of 2017 Sustainability Report, New Virtual Reality Video of Hog Operations

Wed, 05/02/2018 - 11:05am

Today, Smithfield Foods, Inc. released the Animal Care section of its 2017 Sustainability Report focusing on the company’s industry-leading practices to keep animals safe, comfortable, and healthy. Starting today, Smithfield will issue its 17th Sustainability Report in segments organized by the pillars of its comprehensive sustainability program each week during the month of May.

To support the release of the Animal Care section of this new report, Smithfield has also released a new 360-degree virtual reality video, which transports viewers to one of the company’s wean-to-finish hog farms. The company leveraged this technology earlier this year – the first protein company to do so – to take viewers inside a company sow farm.

The 2017 Sustainability Report provides in-depth information about Smithfield’s specific leadership positions in the area of animal care, including:

  • First company to commit to group housing systems for pregnant sows on company-owned farms. Today, all pregnant sows on company-owned farms globally, including joint ventures in Mexico, are housed in groups.
  • First and only company in the industry to report antibiotics usage (since 2007).
  • First pork producer to develop and implement a comprehensive, systematic animal welfare management program.
  • First protein company to release virtual reality videos of its hog farms.

“This past year marked a tremendous milestone for Smithfield with the completion of our sow housing conversion,” said Stewart Leeth, vice president of regulatory affairs and chief sustainability officer for Smithfield Foods. “We invested more than $360 million and ten years into our transition to group housing systems for pregnant sows on company-owned farms and fulfilled that commitment right on schedule in 2017. We were proud to make this commitment a decade ago, a first in the industry, and even prouder now to have fulfilled it.”

In addition to information about these topics, the report also includes details about Smithfield’s ongoing research to investigate alternatives to antibiotics, including a new vaccine research lab, results of internal and third-party animal care audits, and the company’s efforts to continually enhance its animal care management system.

“Our approach to animal care is rooted in the fundamental philosophy that the healthier our animals, the healthier our company,” said Kenneth M. Sullivan, president and chief executive officer for Smithfield Foods. “Our bold initiatives create value for our business, our contract growers and supply chain partners, as well as the industry as a whole. Our animal care practices and policies underpin our focus on producing good food the right way.”

To view a video about Smithfield’s animal care program, click here.

To read the Animal Care section of the report in its entirety, please visit www.smithfieldfoods.com/animalcare.

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.

Pact Launches <em>Energy for Prosperity</em>, a New Global Initiative to Improve Energy Access in Developing Communities

Wed, 05/02/2018 - 11:05am

Today, Pact announced the launch of a new global initiative called Energy for Prosperity (E4P) to improve energy access in low- and middle-income communities as part of the organization’s integrated approach to development.

Globally, more than 1 billion people lack access to energy. For these ­­­communities, energy poverty presents a major roadblock to progress, in areas from education and livelihoods to health and food security. 

With a focus on innovation and social enterprise, Pact helps people gain access to affordable, reliable and sustainable electricity. Pact collaborates with governments, companies, investors and other civil society organizations to work toward a future in which all people have the skills and resources they need to enjoy the many benefits of modern energy.

Energy for Prosperity began in Myanmar, with the Ahlin Yaung project, which has established renewable energy committees in 76 villages to train people to install and maintain solar home systems and manage a revolving fund, which provides the initial capital to purchase the solar home systems. The Ahlin Yaung project is working to bring renewable energy to 1 million people in rural villages by 2021. So far through Ahlin Yaung, more than 200,000 people across central Myanmar have gained access to electricity, through solar home systems as well as through the electrification of community-prioritized places.

About half say they are using the electricity to be more productive, such as running businesses longer and more efficiently, and approximately 80 percent say their children, now able to read and study past sunset, have gained educational benefits. The Ahlin Yaung fund is now also financing mini-grid and grid connections, as well as aquaculture projects to promote the productive use of energy and further improve economic opportunity.

“The launch of this expanded global initiative aligns with Pact’s ongoing transformation, in which the organization is building and leveraging new ways of doing and funding development, in recognition of the fact that current models are not sufficient to resolve the systemic challenges that perpetuate poverty,” said Matthew Cullinen, Senior Director, Energy for Prosperity.

“As a leading implementation partner for national development agencies, Pact will continue to offer the highest quality implementation operations throughout the world. In addition, Pact is committed to building long-term, multi-stakeholder platforms to overcome the structural impediments and financial barriers that prevent communities from gaining access to energy.”

This is taking the form of products and services that remove demand distortions and supply constraints, reduce the cost and complexity of energy project development and product distribution, and create the enabling environment for connecting supply and demand in new ways.

Energy for Prosperity includes both donor-funded and private sector initiatives to increase energy access. Some of Pact’s renewable energy partners to date have included Chevron, Shell, Engie and ABB.

Pact is also the host of a new initiative called Smart Power Myanmar (SPM). With financial support from The Rockefeller Foundation, Pact will accelerate access to renewable energy for poor and vulnerable people in Myanmar by bringing together key players in the public and private sectors, spurring economic growth and transforming lives in rural communities. 

The Smart Power Myanmar facility will build a viable, decentralized renewable energy ecosystem by ensuring the right incentives and policies are created to expand the reach of productive power to those who live without sufficient access, with a focus on customer-centered solutions, long-term socio-economic development and systemic change. The Smart Power Myanmar facility aims to mobilize hundreds of millions of dollars to support the rollout of thousands of mini-grids and other rural electrification solutions that are in line with Myanmar’s National Electrification Plan. In addition to The Rockefeller Foundation, the facility’s founding members include The World Bank, USAID and Yoma Strategic Holdings.


More information

pactworld.org/energy 

About Pact – Pact is the promise of a better tomorrow for communities challenged by poverty and marginalization. We serve these communities because we envision a world where everyone owns their future. To do this, we build systemic solutions in partnership with local organizations, businesses and governments that create sustainable and resilient communities where those we serve are heard, capable and vibrant. On the ground in nearly 40 countries, Pact’s integrated, adaptive approach is shaping the future of international development. Visit us at www.pactworld.org.

About The Rockefeller FoundationFor more than 100 years, The Rockefeller Foundation’s mission has been to promote the well-being of humanity throughout the world. Together with partners and grantees, The Rockefeller Foundation strives to catalyze and scale transformative innovations, create unlikely partnerships that span sectors, and take risks others cannot – or will not. For more information, please visit www.rockefellerfoundation.org.

Surfrider Foundation and REEF Establish Better Beach Alliance to Protect Clean Water and Healthy Beaches

Tue, 05/01/2018 - 8:04pm

Today, the Surfrider Foundation, a leading nonprofit organization dedicated to the protection and enjoyment of our ocean, waves and beaches, and REEF, one of the world’s premier beach footwear and apparel brands, announced the launch of the Better Beach Alliance to fuel industry-wide support for the protection of our coasts.

The Better Beach Alliance was developed in collaboration to expand three key areas of impact, including number of beach cleanups, trash removal and volunteers. The collective goal is to engage 30,000 volunteers in 1,500 beach cleanups to remove 150,000 pounds of plastic pollution and trash from the nation’s coastlines in 2018. As the founding sponsor of the Better Beach Alliance, REEF’s commitment will also contribute to Surfrider’s plastic pollution efforts, with a focus on reducing the consumption of single-use plastics.

"Surfrider is a force for good that continually inspires REEF and directly connects to our passion to keep our ocean and beaches clean for everyone to enjoy,” says Mike Matey, REEF VP of Marketing. “By joining resources, we hope to accelerate our impact and encourage more brands and communities to get involved.” 

The launch of the Better Beach Alliance underscores REEF’s recently reinvigorated mantra, Beach Freely. The new mantra lends itself to the brand’s updated impact strategy to help keep beaches clean for everyone to enjoy. In addition, Beach Freely embraces a connection between our beaches and well-being. By protecting the beach from harmful pollutants, people can create clean and beautiful places to be restored from life's daily stress and pressure.

“REEF has taken their Surf Industry Coastal Defender support to another level to protect the world’s beaches,” said Dr. Chad Nelsen, CEO of the Surfrider Foundation. “Beaching freely requires clean water and healthy beaches and REEF’s support will help Surfrider’s network step up our game to reduce plastic pollution.”

As the founders of the Better Beach Alliance, REEF and Surfrider hope to bring together industry and communities to play a critical role in enacting meaningful change to our planet. For more information on how to get involved in the Better Beach Alliance, visit Surfrider.org or find your nearest Surfrider chapter at Surfrider.org/chapters.

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ABOUT REEF®
REEF is the global footwear and apparel brand that encourages people everywhere to Beach Freely. United by the spirit of the beach since 1984, REEF designs innovative and comfort-driven products to celebrate the freedom and fun of the beach lifestyle.

REEF® and Reef Beach Freely™ are trademarks of South Cone, Inc.

About Surfrider Foundation
The Surfrider Foundation is a nonprofit grassroots organization dedicated to the protection and enjoyment of our world’s oceans, waves and beaches through a powerful network. Founded in 1984 by a handful of visionary surfers in Malibu, California, the Surfrider Foundation now maintains over 500,000 supporters, activists and members, with more than 160 volunteer-led chapters and student clubs in the U.S., and more than 450 victories protecting our coasts. Learn more at surfrider.org.

What Do You Do When You Are Investing in Your Workforce but Your Suppliers Are Not?

Tue, 05/01/2018 - 8:04pm

With an increasingly globalized economy, many multi-national corporations (MNCs) find it more profitable to outsource production of goods and services to companies operating in countries where manufacturing inputs and labor costs are lower. However, as these efforts continue to grow in size, some MNCs find it challenging to ensure that their products are sourced in an ethical manner. 

Suppliers often try to maximize profits by investing very little in their workforce, keeping wages low, providing little to no benefits, and subjecting workers to abuses and unsafe working conditions. The further downstream you go in certain supply chains, the more pervasive the problems are.  In addition to guidance from OECD and the U.N. Global Compact, there is a plethora of supplier codes available aimed at addressing these issues. Nonetheless, MNCs must partner with their suppliers and commit to influencing and educating them on the importance of investing in improved labor conditions to increase workers’ productivity and professional success.

Supply chain challenges are too complex to be solved by one organization alone.

Our experience implementing workforce development programs has taught us that partnerships with MNCs, suppliers, and other stakeholders is critical to promote a more efficient supply chain and resilient sourcing communities.  In an innovative public-private partnership, Global Communities, through USAID worked together with Haitian textile manufacturers to improve the manufacturing skills of more than 2,000 Haitian workers involved in the textile industry, focusing on upgrading their skills, from basic workplace skills to improved garment manufacturing techniques.

Beyond Monitoring

Today, many MNCs invest in programs that go beyond supplier audits to improve labor conditions within their supply chains. ILO Better Work, HerProject, and Women In Factories are all programs supported and funded by MNCs.  They provide workers with the training necessary to be successful in the workplace. However, these programs are often ineffective at helping low-skilled workers, at scale, build a career or advance professionally. In addition, paying for and scaling these types of programs can be a challenge, as they are usually costly, which typically limits supplier adoption and overall program sustainability.

Global Communities believes that more can be done to create a highly skilled and productive workforce, particularly at downstream tiers of the supply chain.

So, what more can MNCs do to achieve these goals? Here are some new ways Global Communities seeks to partner with MNCs, suppliers, and other stakeholders to promote a more efficient supply chain and resilient sourcing communities:

1. Establish clear career pathways and support continuous learning

Workers at the most downstream level of the supply chain tend to be the most vulnerable.  They are those often laboring in underground mines, agriculture fields, and production assembly lines, among others. In many cases, they are illiterate or undereducated, yet they represent an essential component of the supply chain. How can their skills be professionalized to help them build a career or advance professionally, if they so choose?

Global Communities suggests that MNCs and their suppliers need to go beyond training and create formal career pathways that begin with jobs at the very bottom of a supply chain. Such an approach requires: involvement of many stakeholders to assess the ways in which various sectors of the supply chain operate; identification of specific skill sets and competencies needed at every level of a career path; and, creation of short-term, business-driven micro-credentials that workers can provide to current and potential employers as evidence of the training they have received, along with related competencies.  This is expertise that the organization possesses and will use to transform the supply chain.

For instance, using an integrated youth-led market-systems model, Global Communities in partnership with Mastercard Foundation is working to create economic opportunities and entrepreneurship in Ghana’s construction sector for more than 23,000 disadvantaged youth and service providers across the value chain. The program is part of the Youth Forward Initiative which combines market-relevant skills training, mentorship, internships and access to financial services to help young people transition out of poverty and into sustainable livelihoods.

The purpose of creating clear career pathways is to afford workers, especially those at the bottom of the career ladder, the opportunity to move up within a career path or transfer to adjacent sectors based on their competencies. In addition, formalizing the process will elevate the perceived value of these jobs.

Furthermore, Global Communities’ workforce intervention is centered on the belief that a skilled workforce is central to the quality of a supplier’s goods and services, competitiveness, productivity and innovation.  Therefore, workers must remain current on new and ideally proven accepted practices.  Global Communities encourages MNCs to create partnerships with suppliers, donors and other stakeholders to co-invest in solutions that identify and address performance gaps. In fact, there are a variety of technology solutions on the market designed to help companies and workers achieve such goals. However, it will be crucial to adapt these technologies to workforce needs within critical links of any given supply chain.

2. Invest in technology

Inevitably, technology will continue to disrupt supply chain operations, as we currently know them. Artificial intelligence, blockchain, and robotics are sure to dominate the future of operations and the market will require higher-skilled workers.  MNCs that want to be ahead of the curve are already investing in technologies that improve efficiencies and transparency within their supply chains.  

Although in its infancy, blockchain technology is leading the way in supply chain innovations at a very fast pace.  According to Fortune, Walmart has already run a successful pilot to track its pork supply chain in China with Hyperledger Fabric, a blockchain program developed by IBM. In the coffee value chain, Bext360 is using Bextmachines to track and verify that Ethiopian farmers earn living wages and will share outcomes with Moyee Coffee and its European customers. Likewise, BHP Billiton is using a blockchain solution to better manage its mining processes and enhance its communication with suppliers, based on SupplyChain247.

As new technologies make their way into the supply chain, it is important that sourcing markets have the appropriate talent pool to leverage, operate, and manage them. As such, it is imperative that MNCs invest in ecosystems that generate these talents and build their workers’ capacities.

3. Determine the Return on Investment

Calculating key performance indicators to determine the Return on Investment (ROI) is a common business practice used to measure the efficiency and profitability of an investment.  Global Communities adheres to this same business concept as part of its strategy when working in the supply chain as a way to boost program performance, sustainability and adoption. Failing to demonstrate the ROI of any investments heightens the probability that suppliers and other stakeholders will not adopt such practices, or that they will never get off the ground in the first place.  As MNCs invest in these programs, they must also allocate funding for evaluation that goes beyond outputs to make sure that ROI performance is verified and that programs are strengthened and adjusted as learning occurs.

Fairmount Santrol Launches Twelfth Corporate Responsibility (CR) Report

Tue, 05/01/2018 - 11:03am

Fairmount Santrol (NYSE:FMSA) is pleased to announce the release of its twelfth annual Corporate Responsibility (CR) Report, Do Good. Do Well. Always. The 2017 report was prepared in accordance with the Global Reporting Initiative (GRI) Standards: Core Option. To meet these guidelines, in 2014 and again in 2017, the Company conducted an assessment and engaged internal and external stakeholders to identify and prioritize Fairmount Santrol’s most significant sustainability-related impacts, risks and opportunities.

The theme of this year’s report, Do Good. Do Well. Always. highlights the Company’s commitment to Sustainable Development (SD), as well as the many accomplishments achieved by Fairmount Santrol Family Members in 2017. This report also demonstrates the Company’s ability to focus on long-term value creation, and commitment to remain as an employer and business partner of choice. 

The Company invites you to view the full 2017 CR report online at cr.fairmountsantrol.com.

Selected highlights include:

People

  • Family Members achieved 96 percent of the 2017 SD Team goals, including donating over 12,000 hours of volunteer time and assisting in Hurricane Harvey relief efforts.

  • Temporarily shifting job responsibilities to quickly reopen four idled mines enabled the Company to capture market opportunities, demonstrating our productivity and agility. 

Planet

  • Increasing the amount of sand shipped via unit trains – single-product trains that are given priority handling – significantly reducing delivery time, fuel consumption, greenhouse gas (GHG) emissions and shipping costs.

  • Funding and/or participating in the planting of more than 99,400 trees to offset greenhouse gas emissions.

Prosperity

  • Constructing a new in-basin facility in West Texas to capture market opportunities, while leveraging the Company’s unique culture and commitment to SD initiatives to attract local new hires.

  • Successfully testing and launching several new value-added products including, but not limited to, Accel™ dust-preventing polymeric sand, which reduces on-site dust and haze up to 90 percent compared with traditional polymeric sand.

“Our commitment to Sustainable Development – to Do Good. Do Well. - continues to be a key part of our unique culture, driving value for our people, the business, and our valued partners. As we continue to grow, we’re reminded that our sustained success comes from our dedication to all three pillars: People, Planet and Prosperity. Our Family Members are living by these values every day, Always.” said Jenniffer Deckard, President and Chief Executive Officer.

About Fairmount Santrol

Fairmount Santrol is a leading provider of high-performance sand and sand-based product solutions used by oil and gas exploration and production companies to enhance the productivity of their wells. The Company also provides high-quality products, strong technical leadership and applications knowledge to end users in the foundry, building products, water filtration, glass, and sports and recreation markets. Its expansive logistics capabilities include a wide-ranging network of distribution terminals and thousands of rail cars that allow the Company to effectively serve customers wherever they operate. As one of the nation’s longest continuously operating mining organizations, Fairmount Santrol has developed a strong commitment to all three pillars of sustainable development, People, Planet and Prosperity. Correspondingly, the Company’s motto and action orientation is: “Do Good. Do Well.” For more information, visit FairmountSantrol.com.

Forward-Looking Statements

This press release contains statements which, to the extent they are not statements of historical or present fact, constitute “forward-looking” statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. All forward-looking statements involve risks and uncertainties that may cause actual results to differ materially from those expressed or implied in the forward-looking statements. Important factors that could cause actual results to differ materially from those anticipated or implied in forward-looking statements are described in Fairmount Santrol’s Form 10-K under the heading “Cautionary Statement Regarding Forward-Looking Information,” as well as the information included in Fairmount Santrol’s Current Reports on Form 8-K and other factors that are set forth in management’s discussion and analysis of Fairmount Santrol’s most recently filed reports with the SEC. Additional important factors that could cause actual results to differ materially from those indicated by forward-looking statements include risks and uncertainties relating to: the merger not being timely completed, if completed at all; if the merger is completed, the impact of any undertakings required by the parties in order to obtain regulatory approvals; prior to the completion of the merger, Fairmount Santrol’s and/or Unimin’s respective businesses experiencing disruptions due to transaction-related uncertainty or other factors making it more difficult to maintain relationships with employees, business partners or governmental entities; the industry may be subject to future regulatory or legislative actions that could adversely affect Fairmount Santrol’s and/or Unimin’s respective businesses; and the parties being unable to successfully implement integration strategies. While Fairmount Santrol and/or Unimin may elect to update forward-looking statements at some point in the future, Fairmount Santrol and Unimin specifically disclaim any obligation to do so, even if estimates change and, therefore, you should not rely on these forward-looking statements as representing our views as of any date subsequent to today.

Additional Information

FAIRMOUNT SANTROL STOCKHOLDERS ARE ENCOURAGED TO READ THE UNIMIN REGISTRATION STATEMENT AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC, INCLUDING THE PROXY STATEMENT/PROSPECTUS THAT IS PART OF THE REGISTRATION STATEMENT BECAUSE THEY CONTAIN IMPORTANT INFORMATION ABOUT THE MERGER. The final proxy statement/prospectus will be mailed to the record holders. Investors and security holders will be able to obtain the documents free of charge at the SEC’s website, www.sec.gov, or from Fairmount Santrol at its web-site, FairmountSantrol.com.

Participants in Solicitation

Fairmount Santrol and its respective directors and executive officers may be deemed to be participants in the solicitation of proxies in respect of the Merger. Information concerning Fairmount Santrol’s participants is set forth in the proxy statement, dated April 6, 2017, for Fairmount Santrol’s 2017 Annual Meeting of stockholders as filed with the SEC on Schedule 14A. Additional information regarding the interests of such participants in the solicitation of proxies in respect of the Merger is included in the Registration Statement and proxy statement/prospectus and other relevant materials filed with the SEC.

CSE Celebrates 10 Years of Executive Sustainability Education in North America

Tue, 05/01/2018 - 11:03am

Over the past 10 years, more than 6,000 executives from leading organizations including NASA, Coca-Cola, Walmart, Timberland, the Federal Reserve Bank of New York, Microsoft, L’Oréal, Chevron, Cigna, PWC, T–Mobile, Procter & Gamble, and Macy’s were certified as sustainability professionals. 

CSE successfully delivered on the 8th and 9th of March in Atlanta and on 26th and 27th in Toronto the Advanced Version 2018 of the Certified Sustainability Practitioner Program. These high level professional trainings were fully booked, and once again CSE brought together professionals from different countries, fields and companies who joined this two-day workshop, eager to further develop and enhance their business strategies through CSR frameworks. 

“The workshop was delivered by dynamic and knowledgeable instructors. It was a very comprehensive and practical training, attended by participants from all sectors of the economy,” says Prof. Stephan Vachon, who attended the Toronto training.  Vachon is chair of the Masters of Environment and Sustainability program at the Ivey Business School, the #1MBA program in Canada, and top-ranked globally.  “I recommend it to anyone who wants a thorough and up-to-date overview of sustainability aspects in businesses.” 

Additionally, professionals from 3 continents, North America, Europe and the Middle East, are participating in the quickly approaching global event in NYC this June 11-12, in order to become certified and recognized as Sustainability CSR-P Practitioners by CSE and the Chartered Management Institute (CMI). 

CSE is in preparations for this third in a row Global Advanced Certified Sustainability (CSR) Practitioner Program (CMI Approved) in North America. For its fourth training in Houston on the 27th and 28th of September, the advanced training will focus on the UN SDGs, GRI Standards, sustainability reporting trends according to CSE research, national and international legislation and other key challenges in sustainability.  Stay tuned for the promising event in Houston! 

Contact:
Rosalinda Sanquiche
CSE North America
rsanquiche@cse-net.org

New 2018 CSR Customizable Planner Available for Complimentary Download

Tue, 05/01/2018 - 8:03am

CyberGrants, corporate social responsibility and grantmaking software providers released a new, customizable CSR planner for download. Based in Google Drive, this planner is meant to help track and organize CSR initiatives for organizations of all sizes in 2018. The customizable planner includes daily, weekly, and monthly observations as well as resources and reminders for CSR planning.

The planner also includes:

  • Built-in Checklists: Each checklist is editable so organizers can include any company-specific or personal tasks. Checklists come with strategic insights from the CyberGrants team to help along with the planning process.

  • Google Drive Enabled: Built right into Google Drive’s Spreadsheet Application so planners can be shared, viewed, and edited via mobile. Google Drive includes auto-saving so no changes go unsaved.

  • Daily, Weekly, & Monthly Holidays: The most important national observances are built into the calendar to help encourage planning efforts throughout the year. Monthly resources are included along each of these monthly formatted reminders.

“We are always trying to improve our services to those who are taking initiative to do good things in their communities. While CyberGrants has excellent consulting teams, it helps to have a little digital reminder to support you throughout the week and keep all CSR events organized,” said Nita Kirby, Director of Client Strategy at CyberGrants.

Downloads are available for free access via: http://offers.cybergrants.com/2018-csr-planner.

To learn more about CyberGrants and the services they provide, please visit the support center to speak with a representative: http://www.cybergrants.com/speak-with-an-expert/.

About CyberGrants

CyberGrants is a leading provider of software-as-a-service (SaaS) solutions for corporate social responsibility management. CyberGrants’ mission is to provide innovative software and services in the most secure and efficient way. With nearly 20 years experience, CyberGrants has delivered grants management software and corporate philanthropy program software to many of the largest companies and foundations in the world, including more than 50% of the Fortune 100. For additional information on CyberGrants, visit www.cybergrants.com.

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Electronic Payments Made Through the Benevity Platform Reach an All-Time High of 87 Percent

Tue, 05/01/2018 - 8:03am

 Benevity,  Inc., the global leader in corporate social responsibility and employee engagement software, today announced that electronic payments made to charities and nonprofit organizations through its platform have reached an all-time high—a direct result of the company’s leadership in making corporate giving more democratic, simple and streamlined on a global scale. 87 percent of total employee and corporate donations processed through Benevity are sent electronically, providing charities and nonprofits with the most accurate, reliable, efficient and cost-effective way of receiving funds. Benevity’s rate of electronic disbursements leads the industry by more than two times and has become a benchmark of scalability for vendors in the corporate giving space. 

For the past 10 years, part of Benevity’s social mission has been to bring much-needed scale and efficiency to the charitable landscape through best-in-class technology that modernizes the way charities process and receive donations. By aggregating monthly payments to each charity across all clients and donors, and automating essential but non-strategic tasks like tax receipting and reporting, Benevity minimizes manual administration associated with processing paper checks and issues that lead to lost checks, delays in receiving funds, and inaccuracies—all of which can have reputational risk for companies, threaten funding for charities and reduce the amount of funding that can be applied toward the social issues being addressed. Electronic payments play a key role in this mission, enabling donors to easily give to causes around the world—including countries that no longer accept checks—and to verify that funds have been disbursed to the intended recipient in a timely and accurate way.  

For example, when there was a dramatic increase in the level of giving in response to disaster relief efforts in the fall of 2017, Benevity bundled close to 100,000 individual transactions into a single $9.65 million dollar disbursement to the world’s leading humanitarian organization, allowing them to further their mission of caring for those in need while minimizing their backend office administration. 

“The CSR space is one of the few industries that has continued to rely on checks as the primary means of distributing funds. This has reduced both the number of charities that can benefit from a program, as well as the accuracy and timeliness of payment—hampering companies’ ability to scale their Goodness programs,” said Bryan de Lottinville, Benevity Founder and CEO. “When corporations embrace a platform approach, they can open up their giving, matching, volunteering and grantmaking programs to include more causes from around the world, helping to build a more inclusive, authentic and purpose-driven company culture and brand.” 

The Benevity Causes Portal includes a global database of almost 2 million charities and nonprofits. Benevity leads the industry in disbursing funds electronically. Currently, 100 percent of international donations and 87 percent of total donations processed through the company’s platform are sent electronically. 

In addition to automating and aggregating fund disbursement, tax receipting, tracking and reporting, Benevity also provides charities with donor reporting, and the ability to publish targeted content to Benevity’s client giving sites, which corporations use to engage their employees in charitable campaigns, events and projects.  

"There are many third-party giving platforms out there, but in my experience, Benevity is one of the best,” said Trina Jones, Managing Director, Health in Harmony. “Benevity makes everything easy with disbursement notifications, clear reporting with donor and contact information, and more. After working with the Benevity team, I know that they are receptive and truly want to create the best experience for nonprofits and companies. Plus, our corporate partners clearly have a lot of trust in Benevity’s platform, which in turn allows us to tap into corporate giving programs—like those that offer employee matching—on a much larger scale.”   

Charitable organizations and nonprofits interested in more information about Benevity can visit https://causes.benevity.org/.   

About Benevity 
Benevity, Inc., a B Corporation, is the global leader in online workplace giving, matching, volunteering and community investment software. Many of the world’s most iconic brands rely on Benevity’s award-winning cloud solutions to power corporate “Goodness” programs that attract, retain and engage today’s diverse workforce by connecting people to the causes that matter to them. With software that is available in 17 languages, to more than four million users around the world, Benevity has processed over 2 billion dollars in donations and 10 million hours of volunteering time this year to almost 150,000 charities worldwide. 

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