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HP Inc. Commits to Enhancing Education for More Than 100 Million People by 2025

Thu, 07/06/2017 - 1:38pm

Today, HP Inc. (NYSE: HPQ) announced its commitment to enable better learning outcomes for more than 100 million people between 2015-2025 at the 2017 Global Citizen Festival in Hamburg, Germany. The Global Citizen Festival in Hamburg falls on the eve of the G20 Summit, where leaders of the world’s most powerful countries are congregating to address inequalities and promote sustainable development.

HP’s pledge supports the United Nations Sustainable Development Goal 4 and aligns with the company’s goal to improve access to quality education and lifelong learning for all in the classroom and beyond, as outlined in the recently released HP 2016 Sustainability Report.

For the hundreds of millions of people across the globe who are not currently learning basic literacy and numeracy skills, a quality education can be instrumental in breaking the cycle of poverty. HP is reinventing the classroom in ways that engage students, empower educators, and build strong and vibrant communities. Furthermore, HP is bringing these classrooms directly to students who otherwise may not have access to a quality education.

HP is building innovative education solutions for millions of people, including those in underserved urban, rural and refugee communities, helping power global economies. This includes creating technology solutions designed exclusively for schools, scalable models that support digital inclusion and learning, and insights that help governments create effective human capital development policies and programs.

“HP’s efforts to advance quality learning and to support the Sustainable Development Goals are expanding social and economic opportunities for people all over the world,” said Nate Hurst, Chief Sustainability and Social Impact Officer at HP. “I’m proud to work for a company that creates and invests in technology that can help teachers teach and students learn while building the skills needed for future success.”

To increase the reach of HP’s education initiatives by 2025, the company will expand programs like HP World on Wheels, which brings digital literacy to rural India through mobile learning labs. HP will also continue to provide refugees in the Middle East with access to personalized, blended learning experiences through six HP Learning Studios, equipped with hardware, software, and teacher training services that together inspires instructional innovation and next-generation learning experiences. HP Learning Studios also drive experiential learning at more than 60 schools in Australia, Canada, New Zealand, the United States, and seven countries in Europe. In addition, HP LIFE, a global e-learning program of the HP Foundation, aims to empower another one million aspiring entrepreneurs by enrolling them in HP LIFE between 2015 and 2025, in support of the broader HP commitment.

Through HP National Education Technology Assessment (NETA), the company is helping ensure that skills match between what schools teach and what employers require. Using a combination of macroeconomic analysis, hyper-local insights and predictive analytics, HP supports governments and policymakers around the world in creating effective human capital development policies and programs, including employer engagement programs.

“Education has the power to spur innovation, promote the prosperity of communities and empower vulnerable and marginalized groups,” said Sarah Brown, Executive Chair, Global Business Coalition for Education. “We commend HP’s commitment to enabling every person to unlock his or her potential and develop the talents and acquire the skills necessary for a better, brighter future.”

Global Citizen Festival

The Festival, at Hamburg’s Barclaycard Arena, includes headliners such as Herbert Gronemeyer, Coldplay with special guest Shakira, Ellie Goulding, Andreas Bourani and Pharrell Williams. Over 630,000 actions were taken by Global Citizen in support of their campaigns to earn free tickets to the event.

About the HP Foundation

The HP Foundation is a nonprofit, 501(c)(3) organization that funds philanthropic programs for underserved communities where we live and work by supporting technology-related learning, charitable giving, volunteering, and disaster relief. Along with HP employees, the HP Foundation creates programs that make life better for underserved and underrepresented communities by providing technology-related learning experiences and opportunities.

Sustainability at HP

Sustainability serves as a guiding principle for how we do business at HP—fueling our innovation and growth. We engineer with integrity, ensuring all products and operations are based on the highest ethical standards. We are committed to full-circle innovation that improves performance, reduces waste, and powers a circular and low-carbon economy. And we inspire impact, creating opportunities and enabling action to achieve a more just and inclusive society. To learn more about these efforts, visit the HP Sustainability website, and be sure to check out the newly released HP 2016 Sustainability Report, www.hp.com/sustainability.

About HP Inc.

HP Inc. creates technology that makes life better for everyone, everywhere. Through our portfolio of printers, PCs, mobile devices, solutions, and  services, we engineer experiences that amaze. More information about HP Inc. is available at http://www.hp.com.

Media Contact:            
Emily Horn, HP Inc.


[2017 International Benchmark] Best Practices in Sustainability Data Management

Thu, 07/06/2017 - 7:37am

Following up last year study about the Paint Points of Reporting, Tennaxia sponsored ReScore Group to research on the Best Practices in Sustainability Data Management.

The study is based on survey responses received from 60 global companies from various industry sectors (manufacturing, food, chemicals, logistics, energy, aviation, finance, apparel), of different sizes (from $1M to >$90Bn in revenue) and from different countries (26 North America, 23 Europe, 11 Asia).

The report full report can be downloaded here.

Key Findings

• A majority of companies disclose sustainability data to the public. 

• Companies disclose sustainability data primarily to improve communication with stakeholders. 

• Materiality analyses have become increasingly popular, but not all practitioners are satisfied by the exercise. 

• Almost all respondents follow a sustainability standard (e.g. GRI) and/or respond to rating agencies (e.g. CDP). 

• Defining the right content is the main challenge in sustainability reporting, even for experienced sustainability practitioners. 

​• Sustainability reporting through the supply chain is a growing subject.

Tennaxia and the other sponsors of this study were invited to comment on the report and bring valuable insights to the readers.

Cox and The Trust for Public Land Announce Barbara Duerk as Virginia’s 2017 Cox Conserves Hero

Wed, 07/05/2017 - 4:36pm

Cox and The Trust for Public Land today named Barbara Duerk as Virginia’s 2017 Cox Conserves Hero. The Roanoke Valley Chapter of FRIENDS of the Blue Ridge Parkway, Duerk’s nonprofit beneficiary, will receive $10,000. The three finalists – who were chosen by local judging panels – competed in an online public vote for the title of Virginia’s Cox Conserves Hero.

Duerk has long been a visionary force in the Roanoke Valley, known for her tireless pursuit of building a better community and equal opportunity for all residents. Her efforts toward civic endeavors include activities such as preparing and serving food for the homeless, advocating for cycling as a form of transportation and recreation, helping young girls gain confidence and leadership skills through outdoor activities and supporting the preservation of the Appalachian Trail Club and the Blue Ridge Parkway.

The two runners-up will each receive $5,000 for their nonprofits of choice. Diana Ramsey represented Hampton Roads and selected Virginia Association for Parks as her nonprofit of choice; Fairfax County finalist Nancy Vehrs chose the Potowmack Chapter of Virginia Native Plant Society.

The Cox Conserves Heroes awards program was created through a partnership with The Trust for Public Land and Cox Enterprises, the parent company of Cox Communications. The program has donated nearly $800,000 to environmental nonprofits, and nearly 200 volunteers have been honored.

Cox Conserves Heroes takes place in Arizona, California, Georgia, Florida, Louisiana, Massachusetts, Virginia and Washington and is part of the company’s national Cox Conserves sustainability program that is celebrating its 10th anniversary.

For more information, visit CoxConservesHeroes.com or Facebook.

Social Media: #CoxConservesHeroes and #CoxConservesHero

About Cox Communications:

Cox Communications is a broadband communications and entertainment company, providing advanced digital video, Internet, telephone and home security and automation services over its own nationwide IP network. The third-largest U.S. cable company, Cox serves approximately 6 million residences and businesses. Cox Business is a facilities-based provider of voice, video and data solutions for commercial customers, and Cox Media is a full-service provider of national and local cable spot and digital media advertising. Cox is known for its pioneering efforts in broadband, voice and commercial services, industry-leading customer care and its outstanding workplaces. For nine years, Cox has been recognized as the top operator for women by Women in Cable Telecommunications; Cox has ranked among DiversityInc's Top 50 Companies for Diversity 11 times. More information about Cox Communications, a wholly owned subsidiary of Cox Enterprises, is available at www.cox.com and www.coxmedia.com.

About The Trust for Public Land:

The Trust for Public Land creates parks and protects land for people, ensuring healthy, livable communities for generations to come.  Millions of people live within a one-half mile walk of a Trust for Public Land park, garden, or natural area, and millions more visit these sites every year.  To support The Trust for Public Land and share why nature matters to you, visit www.tpl.org.

About Cox Conserves:

Launched in 2007 by Chairman Jim Kennedy, Cox Conserves is Cox Enterprises' national sustainability program. Cox Conserves focuses on reducing waste and energy consumption, as well as conserving water. The program engages each of the company's major subsidiaries (Cox Communications, Cox Automotive and Cox Media Group) and encourages Cox Enterprises' 60,000 employees and their families to engage in eco-friendly practices.

Media Contacts

Free Webinar: Supplier Engagement and Motivation - Proving the Business Case

Wed, 07/05/2017 - 4:34am

Moving beyond mandate and control, eradicate box-ticking ‘compliance’ and shift mindsets across your supply chain might be the hardest task but truly engaging suppliers is key to the business impact, reputation and competitiveness. 

To help you prove your business case when engaging with your suppliers we have 3 senior leaders ready to share their experiences live. Join us next week July 13th at 12 pm BST for our free online webinar with:

  • Deutsche Telekom, Melanie Kubin-Hardew, Vice President Group Sustainability

  • ABB, Kanishk Negi, Global Supply Chain Sustainability Manager

  • EcoVadis, Boris Abramovic, Supplier Engagement

This webinar will look to discuss leading strategies and tools to lift suppliers’ sustainability credentials/capabilities as well as educational and motivational programmes that are delivering quantifiable impacts for the business. Areas of discussion include:

  • Shift the paradigm of Supply Chain Management to truly deliver positive impact – audit vs continuous improvement 

  • Change suppliers’ mindsets by proving the sustainability business case: Provide value and rewards to ensure high suppliers adoption 

  • Achieve supplier’s adherence to sustainability standards: Safeguard global competitiveness, minimise risks and create long-term business relationships 

  • Lessons Learnt: Hear from senior experts on open-honest ideas that worked and didn’t 

  • What does the ‘best in class’ supplier engagement approach look like? 

Sign up here to ensure you don’t miss out (and receive the recordings if you can’t make it).

Collected Insights Offer a Strategic Roadmap for Companies as They Respond to New Global Challenges

Tue, 07/04/2017 - 1:30pm

Further reinforcing trends seen over the last six months, CECP: The CEO Force for Good has drawn together its current research base to develop a series of insights designed to help guide companies as they shape their social strategies, which have gained new global importance given the unique role they are suited to play in this time of sociopolitical uncertainty. Per live polling conducted at the 2017 Board of Boards60% of CEOs feel equipped or well equipped to meet expectations in the current business and sociopolitical environment, and 66% recognize the role their companies play in long-term societal improvement. This new compendium of data and insights, Investing in Society, highlights corporate best practice and innovation, drawn from CECP’s coalition of leading global companies.

Developed from CECP’s original research; findings from the 2017 Giving in Numbers Survey, conducted in association with The Conference Board; and hundreds of monthly discussions with more than 200 of the world’s largest companies, conversations with leading experts, and on-the-ground practitioners, Investing in Society delves into what actions companies are taking to identify and effectively meet stakeholder needs, and how a unified approach across all business units supports the effort. According to the 2017 Edelman Trust Barometer, 75% of the general population believe that companies can take actions to improve economic and social conditions in their communities, so now, more than ever, business will be expected to stand firm in their commitments.

“CECP’s view is that the world’s leading corporations have emerged as a steadying presence and remain uniquely qualified to continue to drive progress, in spite of unpredictable global circumstances,” said Daryl Brewster, CEO, CECP. “Investing in Society serves as both inspirational and practical as companies seek to strengthen their societal investments and impacts.”

Key Trends Identified in Investing in Society:

  • Purpose Driven: Leading companies have recognized that purpose is the path to energizing and reaching vital stakeholders, for more resilient markets and society. When asked about purpose at their companies, 64% of CECP CEOs say that “purpose is a powerful motivator.” Companies that have tapped into purpose as inspiration for their workforce are seeing the rewards: 58% of companies with a clearly articulated and widely understood purpose see financial growth of more than 10%, and 85% of purpose-led companies increased revenue between 2013 and 2016.

  • Long-Term Thinking: Appreciation for steadiness is spreading from Main Street to Wall Street as well. Top CEOs are taking a more balanced approach with long-term setting the context for short-term by prioritizing company health and value-creation for all stakeholders, not just shareholders demanding robust quarterly returns. With positive results accompanying this shift, leading asset owners are calling for more. A growing body of research demonstrates that the current market focus on short-term performance can adversely affect a company's ability to generate sustained value over the long-term. To help accelerate this movement, on September 19, 2017CECP will host the second CEO Investor Forum (CIF), featuring leading CEOs presenting their company’s long-term strategic plans—including operational and financial outlooks ranging three to five years or more--to an audience of 200 long-term oriented institutional investors and pension funds, collectively representing $25 trillion in assets under management.

  • Employee Engagement 2.0: Trailblazers are also refining and focusing their work to create unique value for employees based on the business’ skills and passions, and each employee’s distinct needs and values. This translates into a more diverse set of volunteer programs or volunteer programs that are increasingly flexible to diverse employee passions to make room for employees to live their passions through work. CECP data reveals that corporate programs that allowed some level of work flexibility when engaging in volunteer opportunities were the most offered programs in 2016, with 61% of companies offering paid-time release and 60% offering flexible scheduling. Worth noting is a 5% increase between 2014 and 2016 in the number of companies offering flexible schedules for volunteering.

  • Leveraging Assets: Corporate societal investments have spread across the company, becoming more deeply integrated with strategy, and implemented by more business units, based on a strong business case. Consistent across companies that are staying the course and making the greatest impact is a unified approach to social strategy. CECP’s report, in partnership with USAA, What Counts: The S in ESG, explores how the private sector is innovating and using additional, multi-departmental, socially-driven efforts to create greater social impact. A second report, Investing with Purpose, reviewed several case studies from large companies that are investing capital with socially and/or environmentally driven intentions, particularly those outside the financial industry.

  • Global Challenges, Global Collaboration: No company can operate in isolation; all borders are blurred given supply chains and stakeholders. And all companies and countries need to work together to solve the global challenges at hand. In 2016, CECP’s Global Exchange continued its work alongside like-minded organizations in Europe, South America, Asia, and Africa to connect companies with collaborative opportunities to increase their global impact in solving the world’s most pressing problems, based on those regions’ unique needs and cultures.

  • Advocacy as Strategy: Despite global unrest, businesses are committed to their corporate societal investments, and seeking collaborative solutions on the most challenging ones. Data from the 2017 Giving in Numbers Survey show that, despite an uncertain sociopolitical environment, companies remain committed with increasing societal investments: median total giving increased in 2016. Interestingly, when polled at the 2017 Board of Boards, only 17% of CECP CEOs said that speaking publicly, in their own voice, was an effective practice for sustainable business leadership. However, simply because CEOs are not taking center stage when it comes to advocacy, it doesn’t mean companies are staying silent: Another poll from CECP found that 61% of companies are sticking to their public advocacy strategy, with more than 20% advancing their strategy in response to public reaction to corporate leaders’ stance on social issues.

Since 2001, the Giving in Numbers Survey has collected data on corporate social strategy programs globally to provide professionals with the benchmarking and reporting tools necessary for making data-driven decisions about their company’s social strategy. With the release of Investing in Society, CECP’s industry-leading research and data, as well as select reports from industry peers, will now be synthesized in a single presentation available to the public, with an even deeper dive supported by facts and figures available to affiliated companies.

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, customers, and investors—determines company success. Founded in 1999 by actor and philanthropist Paul Newman 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 $7 trillion in revenues, $18.6 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. http://cecp.co

Another Strong Year for Palsgaard’s Sustainability Leadership

Tue, 07/04/2017 - 10:30am

Danish-based sustainable emulsifiers manufacturer Palsgaard has released its 2016 CSR report, highlighting yet another year of continued progress towards the company’s 2020 sustainability targets. During the year, Palsgaard became the first in its industry to offer a full range of RSPO SG-certified emulsifiers. A major step was also taken towards the goal of worldwide CO2-neutral production by 2020, with 100% neutrality achieved at the company’s Mexican subsidiary. 

The report has been prepared in accordance with the comprehensive principles in the Global Reporting Initiative’s G4 Sustainability Reporting Guidelines, and it comprises the company’s UN Global Compact Communication on Progress (COP). 

2016 performance

Compared with 2015, and despite increased production volumes, total energy consumption fell 5% per kilogram of finished product, while CO2 emissions remained unchanged. In another important sustainability contribution, Palsgaard now offers 100% of its palm oil-based products as RSPO SG-certified. With this in place, food manufacturers can rely on a sustainable supply chain of palm oil to meet increasing global demand without the damaging environmental effects and poor working conditions normally associated with non-sustainable palm plantations.

Efforts to improve workplace safety during the year proved successful, with a significant reduction in work-related accidents. Water consumption increased temporarily, as did waste water, requiring the installation of additional cooling capacity for re-using technical water.

During 2016, Palsgaard continued to refine its procedures for responsible supply management, expanding the proportion of spend sourced from suppliers assessed under the company’s Responsible Sourcing Programme from 80% to 85%, as part of its strategic CSR targets.

Mexican plant achieves CO2-neutrality

A key accomplishment for the year was the achievement of 100% CO2-neutrality at Palsgaard Mexico, following the Danish production plant’s attainment of neutrality in 2015. The achievement marks a significant step towards the company’s 2020 target of a worldwide zero carbon footprint, with Palsgaard’s Dutch and Malaysian production plants next in line. 

“We’re a constantly growing company,” says Palsgaard CEO, Jakob Thøisen. “And the energy-intensive nature of our industry presents challenges around energy use and other sustainability targets. Despite this, we are committed to mitigate any adverse impacts that our operations have on the environment and society, and we continue to plan and introduce new activities to achieve CO2-neutrality at all our production facilities by 2020.”

Sustainable Development Goals

The 55-page report, which conforms with GRI G4 standards, divides the company’s sustainability agenda into four main strategic areas: corporate governance, energy & environment, products, and employees. It describes the challenges faced in each area, along with actions taken in 2016, and future plans. The report also highlights Palsgaard’s noteworthy contributions towards the UN’s Sustainable Development Goals (SDGs) in each area including, for example, reducing food waste, creating healthier recipes, and increasing food safety by using vegetable-based emulsifiers to replace petrochemical additives in polymers. The company’s global activities promote decent employment and prioritise the health and well-being of employees, too, prompting particular focus on employee conditions and employee benefits during the year in Mexico, Malaysia and Russia.

Further plans described in the report call for Palsgaard Mexico to become RSPO SG-certified, for activities to further decrease energy consumption, and for a change from light fuel oil to greener alternatives to be made at the Malaysian production plant. Additional attention will also be given to strengthening responsible handling of both by-products and product waste.

Tradition of caring

The strong results achieved in 2016 add momentum to the company’s 2017 celebration activities to mark 100 years since the modern emulsifier was invented by Palsgaard’s founder, Einar Viggo Schou. He particularly valued responsibility, community and the environment, long before ‘Corporate Social Responsibility’ became a widely-known concept.

Jakob Thøisen explains:

“Many companies emphasise CSR in their corporate strategies primarily in response to increasing customer requests. Palsgaard, however, is owned by the Schou Foundation, which has CSR as a core value. So, we have a natural duty to care for our employees, our society and the environment, adjusting CSR activities as our company grows and the market changes. And we continuously evaluate our performance in this light.”

Kimberly-Clark Reports Year One Results of Sustainability 2022 Program

Mon, 07/03/2017 - 4:29pm

Kimberly-Clark Corporation published its annual report on sustainability, providing the first update on the company's global progress toward its Sustainability 2022 goals.

Introduced last year, Sustainability 2022 is the company’s framework to address social and environmental challenges with programs designed to create social, environmental and business value. In its first year, Kimberly-Clark surpassed three of its five sustainability targets, and is on track to meet or exceed all of its goals by 2022.

“At Kimberly-Clark, our vision is to lead the world in essentials for a better life, and through our commitment to sustainability, we are proud to demonstrate our values through proactive environmental and social programs in the communities where we live, work and sell our brands,” said Chairman and Chief Executive Officer Thomas J. Falk.

“We’re thinking differently about business models and partnerships as well as products, materials and technologies to create business, social and environmental value,” said Sandra MacQuillan, Chief Supply Chain Officer. “We recognize that we must operate a sustainable supply chain that creates value from source to shelf for our customers, consumers, suppliers and Kimberly-Clark.”

Key highlights of the company’s 2016 results include:

  •  Social Impact – Working with our customers, consumers and suppliers, programs including Toilets Change LivesNo Baby Unhugged and The Period Project worked to improve the well-being of more than two million people in need in 2016 through social and community investments that increased access to sanitation, help children thrive and empower women and girls.

  • Forest & Fiber – Kimberly-Clark sourced 89 percent of the fiber used in its tissue products from environmentally-preferred sources. We also strengthened our partnership with the Forest Stewardship Council® to engage consumers in protecting forests.

  • Waste & Recycling – We expanded our waste and recycling programs to include challenges of waste at both ends of the supply chain. In 2016, we diverted 95 percent of manufacturing waste from landfills, and diverted more than 5,000 metric tons of post-consumer waste through partnership programs around the world.

  • Energy & Climate – Our efforts to drive innovation in energy management helped achieve an absolute reduction in greenhouse gas (GHG) emissions of 16.8 percent over a 2005 baseline, which includes direct and indirect energy sources (Scope 1 and Scope 2 emissions1).

  • Sustainable Supply Chain – In 2016, the company introduced new imperatives for occupational safety, reinforced our environmental compliance capabilities and completed a total of 205 social compliance audits of customer, supplier and Kimberly-Clark workplaces. In addition, we invested in the development of solutions that support mills and communities in water-stressed regions.

“These results were achieved by our people, and we applaud their leadership in creating a more sustainable future for our business and the communities where we live and work,” said Lisa Morden, Senior Director for Global Sustainability.

Kimberly-Clark’s 2016 Global Sustainability Report details the company’s strategies and key performance indicators against its goals for 2022. The report is organized and presented in accordance with the Global Reporting Initiative (GRI) Sustainability Reporting Standards, Core level.

Read Kimberly-Clark’s entire 2016 Global Sustainability Report, as well as stories from employees and teams around the world, on our website at www.Sustainability2022.com.

About Kimberly-Clark
Kimberly-Clark (NYSE: KMB) and its well-known global brands are an indispensable part of life for people in more than 175 countries. Every day, nearly a quarter of the world's population trust Kimberly-Clark's brands and the solutions they provide to enhance their health, hygiene, and well-being. With brands such as Kleenex, Scott, Huggies, Pull-Ups, Kotex and Depend, Kimberly-Clark holds No. 1 or No. 2 share positions in 80 countries. To keep up with the latest news and to learn more about the company's 145-year history of innovation, visit www.kimberly-clark.com or follow us on Facebook or Twitter.

1* Scope 1 greenhouse gas emissions are from sources that are directly owned or controlled by Kimberly-Clark; Scope 2 emissions are indirect emissions from Kimberly-Clark’s consumption of purchased electricity.

SAB Miller, Arcelor Mittal and BT Share Sustainability Reporting Strategies

Mon, 07/03/2017 - 10:29am

Sustainability reporting has evolved drastically over the past few years; with the increasing legislation, opportunities from the SDGs as well as plethora of options that a connected digital world presents.

Well you can now get insight into how leading professionals from the likes of; SAB Miller, GRIArcelor Mittal and BT are innovating their reporting strategies to leverage the new opportunities and meet the new regulations.
Click here to download a complimentary copy of Ethical Corporation’s 2016 sustainability reporting review pack.
Some key themes of the review pack include: regulation/standards developments, ESG reporting - investor perspectives and the relationship between sustainability strategy, reporting and business strategy
Once again you can download your complimentary copy of this 20-page review pack, simply click here

KeyBank to Provide a Total of $7.3 Million in Financing for Estee Senior Apartments in Upstate NY

Fri, 06/30/2017 - 1:25pm

KeyBank’s Community Development Lending & Investment (CDLI) team will provide a total of $7.3 million in financing to Liberty Affordable Housing, Inc. to support the new construction of 37 energy efficient affordable housing units for seniors ages 55 or older in Gloversville, NY. Specifically, KeyBank will provide a $2.6 million construction loan and up to $4.7 million in LIHTC equity financing.

“KeyBank values helping clients and communities thrive by providing quality affordable housing in neighborhoods across the country,” said Rob Likes, national manager of KeyBank’s CDLI team. “We are inspired by the opportunity to serve seniors in Gloversville, NY, by partnering with Liberty Affordable Housing, Inc. to develop new and critical housing options for seniors.”

Estee Senior Apartments will replace a blighted former school building in a central business district. Eight of the 37 units will provide rental assistance to households earning up to 50% AMI; ten units will target households earning up to 50% AMI and 19 units will target households earning up to 60% AMI. Six units will be set aside for elderly and frail individuals or individuals with disabilities who are veterans. The complex will be managed by CRM Rental Management, Inc.

“We are committed to providing all of our neighbors with excellent affordable housing options,” said Davis G. Yohe, executive director of Liberty Affordable Housing, Inc. “We are thrilled to bring Estee Senior Apartments to Gloversville through our partnership with KeyBank, and believe it will positively and meaningfully impact the neighborhood.”

Residents with special needs will have access to supportive services through the Resource Center for Independent Living, (RCIL) and Northeastern Association of the Blind at Albany, Inc. (NABA) and the Fulton County Office for Aging/Youth.

The project is one part of the Gloversville Comprehensive Plan, a significant neighborhood revitalization effort by local government that responds to housing needs among low- to moderate-income families.

“Our team is dedicated to making transformational change in the communities where we live and work,” added Lynne Callis-Wilson, senior relationship manager on KeyBank’s CDLI team who arranged the financing along with Victoria O’Brien. “We are passionate about this work, and committed to seeing through the development of new, green and affordable units here in Gloversville.”

The financing was made possible by an allocation of LIHTCs from New York State Housing and Community Renewal.

About Key Community Development Lending and Investment

KeyBank Community Development Lending and Investment (CDLI) helps fulfill Key’s purpose to help clients and communities thrive by financing projects that stabilize and revitalize communities. Experts in complex tax credit lending and investing, Key is one of a handful of affordable housing lenders in the country with a platform that brings together balance sheet, equity, and permanent loan offerings. CDLI has a substantial investment and loan portfolio worth more than $2 billion, 90% of which is Low Income Housing Tax Credit (LIHTC) projects. For its ability to lend to, invest in, and serve its communities –especially low-to-moderate income communities – KeyBank has earned eight consecutive “Outstanding” ratings on the Community Reinvestment Act exam, from the Office of the Comptroller of the Currency.

About KeyCorp

KeyCorp's roots trace back 190 years to Albany, New York. Headquartered in Cleveland, Ohio, Key is one of the nation's largest bank-based financial services companies, with assets of approximately $134.5 billion at March 31, 2017. Key provides deposit, lending, cash management, insurance, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of more than 1,200 branches and more than 1,500 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name. For more information, visit https://www.key.com/. KeyBank is Member FDIC.

About Liberty Affordable Housing Inc. (LAH)

LAH is a not-for-profit organization founded in March 2002 to acquire and develop affordable housing primarily for low income seniors and families. In addition to developing affordable housing, LAH has also assumed ownership interest in four additional properties which utilize Section 8 Housing Assistance Payment programs and other federal and state housing programs for low-income persons and families. Since inception, LAH has successfully completed 19 preservation and new construction projects (15 acquisition/rehab and 4 new construction) totaling 2,749 units. Projects range from 33 to 292 units including both family and senior projects.

Gildan Releases Its 2016 CSR Report

Fri, 06/30/2017 - 10:24am

(Marketwire) Gildan Activewear Inc. (GIL; TSX and NYSE) has released its 2016 corporate, social and environmental responsibility (CSR) report on the Company’s dedicated CSR website genuinegildan.com. The report is aligned with the new Global Reporting Initiative (GRI) Standards, offering a comprehensive online review on the progress of Gildan’s commitments to its people, communities, the environment and products. 

“As one of the world’s largest manufacturers of apparel and socks, we understand that operating responsibly and integrating sustainable solutions drives our success and enables our future growth,” said Glenn Chamandy, President and CEO, Gildan. “Providing good working conditions for our employees, improving the communities where we operate and pursuing continuous improvements to reduce our impacts on future generations is at the foundation of our commitment.”

Making Apparel Better™

As a large scale vertically-integrated manufacturer, Gildan is able to maintain strict control over the conditions under which its products are manufactured. Close to 90% of Gildan’s revenues are derived from products that are manufactured in Company-owned and operated facilities. “Gildan was founded on the vision that owning its factories, investing in technology and pursuing continuous improvements was the best way to operate and to make better products,” said Glenn Chamandy. “Our continued investments in our vertical integration are at the foundation of our business strategy and the key to our ability to positively influence every part of the overall production process including all activities across our four CSR pillars: People, Environment, Community and Product,” he added.

Navigating the road towards Gildan’s 2020 environmental goals

In 2016, Gildan demonstrated good progress towards its 2020 environmental goals which call for a 10% reduction in energy, water, GHG emissions and landfill waste intensity, per kg of product, from owned operations, when compared to the 2015 baseline year.

In 2016, Gildan’s efficiency initiatives resulted in a reduction of its energy intensity by 10% and water intensity by 5%. The Company increased its industrial and domestic recycling programs globally to now recycle or repurpose 86% of total waste. Additionally, the Company powered 32% of its energy needs by renewable resources.

The Company is continuing to integrate manufacturing capacity from recent acquisitions and is firmly committed to meeting its 2020 GHG goal, by pursuing various initiatives including increasing its use of renewable resources such as biomass. The Company has a number of projects in research and development that hold promise to help meet its 2020 goals, and propel it along the next phase of its environmental journey.

Investments in Local Communities

As part of its commitment to Making Apparel BetterTM, Gildan has contributed close to $2 million towards projects in local communities in the U.S., Canada and Latin America in 2016. Some of these projects include:

  • The construction of a new infant ward for the Mario Catarino Rivas Hospital in Honduras which provides care and services to more than 3,000 infants annually. The newly expanded ward will not only reduce overcrowding at the hospital, but also help to lower mortality rates.

  • A partnership with World Vision Honduras for the “Building Safe and Healthy Environments for Children” program. In addition, Gildan made a commitment with the Ministry of Education to fully sponsor renovation projects for 10 schools in the Sula Valley, improving the school conditions for approximately 4,000 children.

  • Over 450 scholarships awarded to Gildan employees and community members to attend professional and vocational schools in Canada, the U.S. and Latin America.

  • Relief to communities in need due to several weather-related disasters that created difficult situations for residents:

    • Gildan donated to UNICEF and Americares for the relief efforts in Haiti following Hurricane Matthew, as well as provided food and water kits to the International Federation of Red Cross and Red Crescent Societies.
    • During the Fort McMurray, Alberta wildfires, the Company donated clothing items, including sweatshirts, t-shirts, underwear and socks to the over 88,000 evacuees. 
    • Gildan responded to the call for basic necessities for the families displaced by the Louisiana, USA floods, with the distribution of products including t-shirts, socks and underwear though the St. Vincent of Paul Society.

Recognition and Awards

In recognition of Gildan’s efforts to distinguish itself in the apparel industry through its CSR efforts, Gildan was again included on the Dow Jones Sustainability World Index (DJSI World Index) for the fourth consecutive year.  The Company remains the only North American company in the Textiles, Apparel and Luxury Goods industry group listed in the DJSI World Index. 

In Latin America, Gildan was recognized with a Distintivo ESR 2016 award for the first time, presented by the Mexican Center for Philanthropy (Cemefi) and the Alliance for Corporate Social Responsibility (Aliarse).  This award is presented to companies that are considered leaders in their corporate social responsibility efforts.   

Investor inquiries:
Sophie Argiriou
Vice President, Investor Communications
(514) 343-8815

Media inquiries:
Garry Bell
Vice President, Corporate Marketing and Communications
(514) 744-8600

Textile Sustainability Conference

Thu, 06/29/2017 - 1:18pm

Textile Exchange's annual Textile Sustainability Conference is a global event taking place outside of Washington, D.C. on Oct. 9-13. This year's theme is "United by Action: Catalyzing the Sustainable Development Goals in Textiles." Industry thought leaders from around the globe will gather to create action and develop a 2030 roadmap for the textile industry.

The Agenda structure offers two full conference days, and additional pre- and post-conference days dedicated to in-depth workshops. The series of workshops will take the expected 400+ industry leaders through multiple sessions of insight and information, sending them home with actionable solutions they can immediately implement into their daily business.

Textile Exchange Releases Globally Recognized Recycling Standards

Thu, 06/29/2017 - 1:18pm

 Textile Exchange proudly announces the release of Recycled Claim Standard 2.0 (RCS) and Global Recycled Standard 4.0 (GRS). The newly revised versions of these #GlobalRecycled standards include updates that solidify the RCS and GRS as the leading standards for recycled materials in the apparel industry and ensure continued growth in other industries, including metal, plastics, electronics, packaging and beyond. 

Over the past year, a group of stakeholders was convened to review Textile Exchange's recycled standards. The International Working Group (IWG), led by Textile Exchange, included recyclers, manufacturers of recycled product, other recycled standard owners, brand and retail users of the standards, and certification bodies. Companies, including Unifi, Geentanjali Woolens, Hohenstein, H&M, and Global Organic Textile Standard were among the working group members.

“It was my honour being a part of the IWG for revision of the RCS & GRS Standards. The entire process was extremely democratic; everyone’s comments and suggestions were considered debated and then finalised. I thoroughly enjoyed dedicating my time to the IWG. The final standards are excellent, precise and address most of the processes and concerns involved in Recycling. We are confident that the implementation of the new RCS 2.0 and GRS 4.0 will encourage a lot more manufacturers to apply for certification making it more globally accepted."

-Deepak Goel, Geetnajali Woolens, PVT LTD.

The Recycled Claim Standard (RCS) and Global Recycled Standard (GRS) provide verification of recycled materials, and then track the material through to the final product. The GRS includes additional social, environmental and chemical processing requirements. In 2016, the number of units certified to the GRS grew from 595 to 961, a growth of over 60%. The RCS saw an almost 200% jump from 78 units in 2015 to 220 in 2016.

Key Changes to the #GlobalRecycled Standards

A key change in both standards is the introduction of the Reclaimed Materials Supplier Agreement. This document provides more visibility to the suppliers of reclaimed materials. Guidelines have been introduced for added clarity and consistency of recycling claims, including post-consumer and pre-consumer.

A key change in the Global Recycled Standard is the adoption of ZDHC's Manufacturing Restricted Substance List v1.1 (MRSL) (http://www.roadmaptozero.com/programme/manufacturing-restricted-substances-list-mrsl-conformity-guidance/). The MRSL has been developed by the industry to address intentional use of potentially hazardous substances. The MRSL will replace GRS's previous Prohibited Substance List. The Zero Discharge of Hazardous Chemicals (ZDHC) Programme takes a holistic approach to tackling the issue of hazardous chemicals in the global textile, leather and footwear value chain.

Other changes and additions include new examples of accepted recycled inputs, updated wastewater limits, and clarifications. You can read more details about the changes online: www.TextileExchange.org/Integrity.

Companies currently certified to one of the standards will be required to comply with the new versions by July 1, 2018. A list of approved Certification Bodies, currently certified companies, and all related documents are available on Textile Exchange’s website: www.TextileExchange.org/Integrity.  

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New release! Recycled Claim Standard 2.0 (RCS) and #GlobalRecycled Standard 4.0 (GRS) include significant updates: https://goo.gl/w9RjtT

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 About Textile Exchange: Textile Exchange, founded in 2002, is a global nonprofit organization that works closely with all sectors of the textile supply chain to find the best ways to create positive impacts on water, soil, air, animals, and the human population created by the textile industry. Textile Exchange accomplishes this by providing the knowledge and tools the industry needs to make significant improvements in three core areas: Fiber and Materials, Integrity and Standards, and Supply Network. A truly global organization, Textile Exchange is headquartered in the U.S. with Staff and Ambassadors located around the world. To learn more about Textile Exchange, visit: www.TextileExchange.org and follow us on Twitter at @TextileExchange.

New Research Highlights Strategies to Drive Industry Cluster Growth

Thu, 06/29/2017 - 10:18am

JPMorgan Chase & Co. and the Initiative for a Competitive Inner City (ICIC) released a new report providing actionable insights for city leaders looking to leverage their area’s competitive industries to build stronger urban economies. 

Clusters represent interrelated industries in a specific geography—think of the Automotive cluster in Detroit or the Oil and Gas cluster in Houston. “While more and more cities are thinking about clusters as a key to their economic development plans, city leaders are not always equipped with the strategies to maximize their impact, including targeted growth in inner cities,” said Kim Zeuli, Director of Research and Senior Vice President, ICIC. “Whether your city is beginning to look at cluster strategies, or hoping to spur the growth of targeted clusters, the report offers important takeaways.” 

The report, Building Strong Clusters for Strong Urban Economies, profiles cluster building efforts in four U.S. cities—San Diego, St. Louis, Chicago, and New Orleans—and offers six recommendations for designing high-impact clusters.

The San Diego Regional Innovation Cluster and BioSTL (St. Louis) cases offer important strategies for creating successful cluster initiatives. They are spurring growth in the Advanced Defense Technology and Biosciences clusters, respectively. The Chicago Regional Growth Initiative and ProsperityNOLA (New Orleans) cases point to important lessons for creating sustainable cluster-oriented economic development plans, whether within a metropolitan region or city. 

The report’s insights were informed by cluster theory and practice, and an in-depth analysis of cluster strategies across the U.S. Recommendations include choosing the right cluster(s), identifying appropriate cluster interventions, being flexible about geography, ensuring leadership has relevant industry expertise, establishing strong public-private partnerships, and identifying a sustainable business model.

The new report was announced by JPMorgan Chase and ICIC on Wednesday in St. Louis at an event hosted by BioSTL. The event, the GlobalSTL Health Innovation Summit, represents a key cluster-building activity of BioSTL’s international attraction initiative, bringing together some of St. Louis’ top hospitals, companies, and investors and a delegation of 14 leading digital health companies from Israel and Ireland looking to set up U.S. headquarters in St. Louis. “BioSTL is proud to earn this distinction for helping to orchestrate a successful bioscience cluster built upon St. Louis’ strengths in medical and plant science,” said Donn Rubin, President and CEO of BioSTL. “It didn’t happen overnight. Our deliberate approach over the past 15 years has put in place the people, ideas, capital, and infrastructure to create a vibrant cluster to spur economic growth. To be recognized by JPMorgan Chase and ICIC as the model bioscience cluster for other U.S. cities is a privilege for the St. Louis region.” 

This research was made possible by JPMorgan Chase & Co. through its Small Business Forward initiative, a $75 million, multi-year global effort to connect underserved small businesses to experts and critical resources that help them grow faster, create jobs and strengthen local economies.

The full report can be found online at http://icic.org.

About the Initiative for a Competitive Inner City

ICIC is a national, nonprofit research and advisory organization founded in 1994. Its mission is to drive economic prosperity in America’s inner cities through private sector investment that leads to jobs, income and wealth creation for local residents. More information about ICIC is available at www.icic.org.

Speakers Announced for Textile Exchange's Textile Sustainability Conference: Catalyzing the Sustainable Development Goals (SDGs)

Wed, 06/28/2017 - 7:16pm

Meet Apparel and Retail Industry Leaders at #TExtileConf

Textile Exchange prepares to welcome over 400 leaders from the textile and apparel industry for its annual Textile Sustainability Conference. The 2017 conference is a global event taking place in Washington, D.C. on Oct. 9-13 with a theme of United by Action: Catalyzing the Sustainable Development Goals in Textiles. Textile Exchange is pleased to announce an initial list of speakers participating in this event to discuss current sustainability issues, including how to engage with the United Nations #SDGs and the #GlobalGoals.

On the brand and retail side, the conference will feature:

  • Ariane Grazian, Sr. Manager of General Merchandise Sustainability, Walmart

  • Helena Helmersson, Global Head of Production for H&M

  • Jeffrey Hogue, Chief Sustainability Officer, C&A

  • Caroline Reid, Project Manager Sustainable Development, IKEA

Textile Exchange is also honored to announce that Justin Mundy, Director of HRH The Prince of Wales International Sustainability Unit will join us for a special presentation on October 11, 2017 on Scaling the Use of Sustainable Cotton. He will be joined by representatives from the Sustainable Cotton Initiatives.

Leading Suppliers such as Shreyaskar Chaudhary, Managing Director, Pratibha Syntex Limited and Jose Fernandez, Global Merino will also be presenting.

Learn About Innovations and Stakeholder Initiatives Delivering on the #SDGs

Innovative ideas will be offered by:

  • Dr. Maurizio Crippa, CEO, gr3n

  • Karin Ekberg, CEO, Leadership & Sustainability

  • Tim Greiner, Co-founder and Managing Director, Pure Strategies, Inc.

  • Dr. Jung Ha-Brookshire, Assoc. Dean for Research & Graduate Studies of College of Human Environmental Sciences & Assoc. Prof. of Textile & Apparel Mgt, Univ. of Missouri

  • Karla Magruder, Founder & Textile Consultant, Fabrikology International

  • MeiLin Wan, Vice President Textiles, Applied DNA Sciences

  • Sophie Mather, Material Futurist, BIOV8TION

  • Maggie Kervick, Director of Communications & Outreach, GCNYC Fair Fashion Center

And, industry stakeholders will include:

  • Traci Kinden, Textile Program, Circular Economy

  • Alyson Genovese, GRI’s Head of Corporate/Stakeholder Relations for North America

  • Dr. Timo Hammer, CEO, WKI Hohenstein Group

  • Yuka Iwatsuki, President/Co-founder, Action against Child Exploitation (ACE)

  • Andre Leu, President of IFOAM-Organics International

  • Patrick Mallet, Innovations Director of ISEAL Alliance

  • Ruth Matthews, Chief Policy Advisor, Water Footprint Network

  • Tien Shiao, Senior Associate, Pacific Institute

More About the Conference

A special Textile Exchange Member-Only Breakfast will feature Andrew Winston, a globally recognized expert on green business and author of Green Recovery and Green to Gold.

A current list of speakers is available on the conference website and will be updated as additional speakers are confirmed. Follow #TExtileConf for updates on speakers joining us for the conference.

The Agenda structure offers two full conference days, and additional pre- and post-conference days dedicated to in-depth workshops. The series of workshops take the audience through multiple sessions of insight and information. Attendees will leave with actionable solutions they can immediately implement into their daily business. After attending Textile Exchange’s 2016 conference, Nicole Bassett, Co-Founder, The Renewal Workshop said, “I always walk away from the Textile Exchange global conference with a deep understanding of the newest ideas, innovations and companies in sustainability in the textile industry. The conference gives the opportunity for great networking and developing business relationships.”

Textile Exchange #CreatingMaterialChange for 15 Years!

In its 15th year of #CreatingMaterialChange, Textile Exchange will kick-off its annual conference with an anniversary celebration to honor its founding members who recognized the need for a leading collaborative organization to drive industry transformation. “Through their annual conference, Textile Exchange provides a much needed space for everyone to work together, because this type of collaboration and collective action is what will drive transformational change within apparel supply chains globally.” - Scott Leonard, Founding Member of Textile Exchange and CEO of INDIGENOUS and a member of the C&A Foundation Investment Committee.

For more information about the conference and to register to attend, visit: http://textileexchange.org/2017-textile-sustainability-conference/.

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Join @TextileExchange Textile #Sustainability Conference on UN #GlobalGoals @SDGaction Oct. 9-13: https://ctt.ec/Rb3m0 

View #TExtileConf Speakers, Stakeholder Initiatives Delivering on #GlobalGoals, industry tours and more!  https://ctt.ec/IG20i

Follow  @TextileExchange on Twitter. 

About Textile Exchange: Textile Exchange, founded in 2002, is a global nonprofit organization that works closely with all sectors of the textile supply chain to find the best ways to create positive impacts on water, soil, air, animals, and the human population created by the textile industry. Textile Exchange accomplishes this by providing the knowledge and tools the industry needs to make significant improvements in three core areas: Fiber and Materials, Integrity and Standards, and Supply Network. A truly global organization, Textile Exchange is headquartered in the U.S. with Staff and Ambassadors located around the world. To learn more about Textile Exchange, visit: www.TextileExchange.org and follow us on Twitter at @TextileExchange