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Schneider Electric

Entergy Texas’ First Solar Resource Helps Customers Meet Sustainability Goals

Our People Making a Difference: Paul Ferrara, Senior Safety Lead

Schneider Electric Sustainability Impact Program Continues Progressing in Q1 2024

Summary 
Schrödinger has published its second annual Corporate Sustainability report, which provides a comprehensive overview of the company's progress developing and executing on its strategy for addressing environmental, social and governance (ESG) matters. 
Throughout 2023, the company advanced every aspect of its ESG performance and created a road map that includes setting goals for each of its identified material ESG topics in alignment with its Corporate Sustainability strategy. This strategy is grounded in the concept of shared value, which the company has labeled VALUE2: “When we add value to the world, we create value for our company, and when we build value for ourselves, we generate value for the world.” 2023 Report Highlights Social

<ul><li>Schrödinger and two City University institutions were co-awarded a $1 million National Science Foundation grant to increase underrepresented students' access to industry-leading technology.</li>
	<li>To ensure a cohesive corporate strategy for social impact initiatives and provide employees consistent guidance, Schrödinger launched its inaugural Global Social Impact Policy in 2023.</li>
	<li>Schrödinger advanced its work with universities and K-12 schools to further STEM education and careers through multiple programs and initiatives.</li>
	<li>Building on its comprehensive suite of employee benefits, Schrödinger introduced new health and well-being options for its employees, including holistic health and mindful return for new parents.</li>
	<li>Advancing its diversity, equity and inclusion commitments, Schrödinger introduced new focus areas for its employee resource groups (ERGs), aiming to increase engagement, accountability, and growth opportunities.</li>
</ul>Environmental

<ul><li>Schrödinger completed an inventory of its operational environmental footprint, including energy use, greenhouse gas (GHG) emissions, water usage and waste generation.</li>
	<li>Based on its operational environmental footprint inventory, Schrödinger reported environmental data in 2023 for the first time, including Scope 3 GHG emissions.</li>
	<li>Schrödinger signaled its intention to establish science-based emissions reduction targets aligned with the Science Based Targets initiative by the end of 2025.</li>
	<li>The company released its first Environmental Policy that sets forth its commitments and methods for achieving them.</li>
	<li>Through its computational platform, Schrödinger continued to facilitate better environmental outcomes for its life science and materials development customers.</li>
</ul> Governance

<ul><li>As part of its commitment to strong corporate governance, Schrödinger updated and strengthened a host of company policies and developed, or is in the process of developing, policies covering:
	<ul><li>Health &amp; Safety</li>
		<li>Supplier Code of Conduct</li>
		<li>Human Rights</li>
	</ul></li>
	<li>Schrödinger established its first Ombuds Office, a neutral and independent third-party reporting channel for employees, business partners, customers, and members of the public to report concerns about the company.</li>
	<li>The company continued implementing its cybersecurity policies, processes, and technology in alignment with the National Institute of Standards and Technology Cybersecurity Framework.</li>
</ul>Guided by its mission to improve human health and quality of life by transforming how therapeutics and materials are discovered, Schrödinger is dedicated to continued progress on its Corporate Sustainability commitments. 
Schrödinger’s 2023 Corporate Sustainability Report references the Global Reporting Initiative Standards and the Sustainability Accounting Standards Board Biotechnology &amp; Pharmaceuticals and Software &amp; IT Services standards. Access the report <a href="https://www.schrodinger.com/company/corporate-sustainability/" target="_blank">here</a>. 
  About Schrödinger 
Schrödinger is transforming the way therapeutics and materials are discovered. Schrödinger has pioneered a physics-based computational platform that enables discovery of high-quality, novel molecules for drug development and materials applications more rapidly and at lower cost compared to traditional methods. The software platform is licensed by biopharmaceutical and industrial companies, academic institutions, and government laboratories around the world. Schrödinger’s multidisciplinary drug discovery team also leverages the software platform to advance a portfolio of collaborative and proprietary programs to address unmet medical needs. 
Founded in 1990, Schrödinger has approximately 850 employees and is engaged with customers and collaborators in more than 70 countries. To learn more, visit <a href="https://www.schrodinger.com/" target="_blank">www.schrodinger.com</a>, follow us on <a href="https://www.linkedin.com/company/schr-dinger/" target="_blank">LinkedIn</a> and <a href="https://www.instagram.com/schrodinger.inc/" target="_blank">Instagram</a>, or visit our blog, <a href="https://extrapolations.com/" target="_blank">Extrapolations.com</a>. Media contact <a href="mailto:allie.nicodemo@schrodinger.com" target="_blank">Allie Nicodemo</a> 
Schrödinger, Inc. 
617-356-2325

Schrödinger Shares Corporate Sustainability Progress in 2023 Report

Boston Scientific released its <a href="https://www.bostonscientific.com/en-US/corporate-responsibility.html" target="_blank">2023 Performance Report</a> highlighting the company’s actions to improve patient outcomes while prioritizing environmental, social and governance (ESG) progress. 
“Because we know that patient health is interconnected with the health of communities and of the planet, we take seriously our responsibility to make sustainable progress,” said Mike Mahoney, chairman and chief executive officer, Boston Scientific. “This dedication is shared by our more than 48,000 employees worldwide, whose talent and commitment to the highest standards of quality allow us to raise the bar, year after year.” 
The report describes how teams across the company applied the science and transformation that define Boston Scientific’s business to advance its ESG priorities and goals, focused on advancing innovative care, empowering people and contributing to a healthier planet, while performing with integrity. 
Highlights of Boston Scientific’s 2023 ESG progress include:

<ul><li>Helping improve the lives of more than 37 million patients around the world with nearly 90 product launches and $1.4 billion invested in research and development.[1]</li>
	<li>Advancing health and addressing inequities by increasing diversity in clinical trials, donating more than $76 million to fund global medical research, fellowships, education and charitable organizations.</li>
	<li>
	Increasing workforce diversity, with mid-level leadership[2] roles now held by 43.5% of women globally and 22.6% by multicultural employees in the U.S., including Puerto Rico.
	</li>
	<li>Achieving 82% renewable electricity,[3] bringing the company closer to meeting its goal of 100% by the end of 2024.</li>
	<li>
	Further defining the company’s path to net-zero greenhouse gas emissions by 2050.[4]
	</li>
	<li>Delivering more than 40 million products and spending approximately $340 million on small and diverse suppliers.</li>
</ul>The Boston Scientific 2023 Performance Report was prepared with reference to the Global Reporting Initiative (GRI) Standards as well as alignment with the Sustainability Accounting Standards Board (SASB) standards for the Medical Equipment &amp; Supplies industry and the Task Force on Climate-related Financial Disclosures (TCFD) recommendations. 
Detailed information about the company’s progress is available on its <a href="https://www.bostonscientific.com/en-US/corporate-responsibility.html" target="_blank">corporate responsibility website</a>. 
All data as of December 31, 2023, unless otherwise specified. About Boston Scientific 
Boston Scientific transforms lives through innovative medical technologies that improve the health of patients around the world. As a global medical technology leader for more than 40 years, we advance science for life by providing a broad range of high-performance solutions that address unmet patient needs and reduce the cost of health care. Our portfolio of devices and therapies helps physicians diagnose and treat complex cardiovascular, respiratory, digestive, oncological, neurological and urological diseases and conditions. Learn more at <a href="http://www.bostonscientific.com/" target="_blank">www.bostonscientific.com</a> and connect on <a href="https://www.linkedin.com/company/boston-scientific/" target="_blank">LinkedIn</a> and <a href="https://twitter.com/bostonsci" target="_blank">X</a>, formerly Twitter. Contact 
Media: Emily Anderson +1 617.515.2000 
Investors: Jon Monson +1 508.683.5450

[1] Represents GAAP R&amp;D expense per Annual Report on Form 10-K. 
[2] Mid-level leadership includes managers, principals, senior managers and fellows. 
[3] Includes renewable electricity generated onsite and purchased electricity matched with electricity from renewable sources. Inclusive of all manufacturing and key distribution sites only. 
[4] Across the company's entire value chain (scopes 1, 2 and 3) with a base year of 2019 as approved in 2022 by the Science Based Targets initiative (SBTi) Net-Zero Standard.

Boston Scientific Reports 2023 Actions Toward a Healthier, More Equitable World

<img alt="Two smiling children looking at an open laptop while sitting on an outdoor table." data-entity-type="file" data-entity-uuid="75c3003d-266d-47ac-92df-60c75c8a6c99" src="/sites/default/files/inline-images/closingdivide_comcast_041724.jpg" width="640" class="align-center" height="563" loading="lazy" />For more than a decade, Comcast has been dedicated to closing the digital divide. Achieving digital equity is at the heart of the work we do because we know how life-changing a reliable home Internet connection can be in today’s digital economy.

Through the federal government’s <a href="https://www.fcc.gov/acp" target="_blank">Affordable Connectivity Program</a> (ACP), more than 23 million households across America – <a href="https://www.bsgco.com/acp-fact-sheet" target="_blank">nearly 50% of which are military families</a> – are able to get online at little to no cost. Unfortunately, the ACP is only fully funded through April and is expected to lapse by May. This puts at risk all the progress we have made in keeping Americans connected to this critical resource.

<a href="https://corporate.comcast.com/stories/funding-affordable-connectivity-program-critical-for-our-countrys-future" target="_blank">As I said in January</a>, we believe that Congress and the White House should find a way to extend the ACP so people can stay connected and benefit from the Internet for education, healthcare, workforce development, veterans’ assistance, and so much more.

At Comcast, we remain committed to doing our part to help including:

Partial ACP Credit – To help ease the transition, all ACP customers will receive a federally funded ACP credit of $14 on their Xfinity bills ($35 on Tribal lands) for the month of May as the government program winds down.

Internet Essentials – We continue to offer <a href="https://www.xfinity.com/learn/internet-service/internet-essentials" target="_blank">Internet Essentials</a> – our reliable, low-cost high-speed Internet service – for $9.95/month. That is the exact same price it has been since 2011, when it was first introduced, despite inflation, while speeds have increased five times for no additional cost. Millions of Americans have been connected to Internet Essentials, which has become the largest and most comprehensive private-sector Internet adoption program in the country. All current ACP customers are eligible to switch to Internet Essentials tiers during this transition.

Internet Essentials+ – For customers looking for even faster speeds, Internet Essentials Plus offers double the speed – up to 100 Mbps – for $29.95/month.

Xfinity Mobile Savings – For those looking to save money on their monthly bills, we’re also offering discounts to customers who bundle their Internet service with <a href="https://www.xfinity.com/mobile/?CMP=KNC-43700053507087418-GOOGLE-694334329635-c-xfinity%20mobile-e-XM_Brand+Only_BR_Exact_North&amp;gad_source=1&amp;gclid=EAIaIQobChMIpcmetaOrhQMVkXNHAR2NmwxvEAAYASAAEgLYlvD_BwE&amp;gclsrc=aw.ds" target="_blank">Xfinity Mobile</a>. New Internet Essentials Plus customers can take advantage of a free line of Xfinity Mobile for one year. Additionally, current customers enrolled in ACP with Comcast who add Xfinity Mobile can get an additional free unlimited line for one year, potentially saving them hundreds of dollars per year.

NOW WiFi Pass – For individuals and families on the go, Comcast has introduced <a href="https://www.xfinity.com/learn/internet-service/wifi?CMP=KNC-43700075421305697-GOOGLE-680335120269-c-buy%20wifi%20pass-p-Wifi_Pass_NB_Phrase_National&amp;gad_source=1&amp;gclid=EAIaIQobChMI0oXQta2phQMV3XJHAR3pVQusEAAYASAAEgLdwPD_BwE&amp;gclsrc=aw.ds" target="_blank">NOW WiFi Pass</a>, which connects them to our 23 million+ Xfinity WiFi hotspots nationwide. Now through June 30, customers can get online for $10/month with no additional equipment required, no long-term commitments, or any cancellation fees.

Lift Zones – Individuals, whether they’re our customers or not, can access one of our more than 1,250 WiFi-connected <a href="https://corporate.comcast.com/impact/digital-equity/lift-zones" target="_blank">Lift Zones</a> across the country. Working with our extensive network of nonprofit partners, Lift Zones provide free Internet access in neighborhood locations like nonprofits, community centers, gyms, and parks and recreation facilities. Additionally, many locations have <a href="https://corporate.comcast.com/impact/project-up/digital-navigators" target="_blank">Digital Navigators</a> – trusted and trained individuals who help them get online and learn digital skills.

Internet Essentials Partnership Program – Our <a href="https://corporate.comcast.com/impact/digital-equity/internet-essentials-partnership-program" target="_blank">Internet Essentials Partnerships Program</a> (IEPP) provides the opportunity for school districts and other organizations to fund and connect large numbers of students and families to broadband access at home. Since 2020, IEPP has collaborated with hundreds of entities across the country to help connect K-12 students.

Partnerships and Project UP – We also continue to work with our network of thousands of nonprofit partners nationwide who are on the front lines of closing the digital divide. We’re investing in organizations that train thousands of trusted Digital Navigators who connect people to the Internet; and partners who advance economic mobility and open doors for the next generation of innovators, entrepreneurs, storytellers, and creators. This is all backed by <a href="https://corporate.comcast.com/impact/project-up" target="_blank">Project UP</a>, our $1B commitment to advance digital equity and help build a future of unlimited possibilities.

While we have all these products and services available today, we will continue to create even more packages and options to offer our customers and the communities we serve. We’ve made so much progress closing the digital divide and we remain committed to doing our part to ensure more Americans stay connected and that no one gets left behind.

Broderick D. Johnson is Executive Vice President, Public Policy, and Executive Vice President, Digital Equity for Comcast Corporation.

Comcast Remains Dedicated to Closing the Digital Divide

<figure role="group" class="align-center"><img alt="&quot; &quot;" data-entity-type="file" data-entity-uuid="e9c3cfbe-03e1-475f-891b-cc3e2f87b5e4" src="/sites/default/files/inline-images/1-stage_AEG_042423.jpeg" width="640" height="1800" loading="lazy" /><figcaption>AEG's Cali Vibes stages powered by solar energy captured by Overdrive Energy Solutions’ battery power stations.</figcaption></figure>Organizing large-scale music festivals is often associated with significant environmental challenges. Festivals can generate massive amounts of waste, from attendees discarding single use-items like plastic cups and food containers, to emitting high levels of Co2 emissions from the generators powering each stage.

AEG’s Goldenvoice is challenging convention by pioneering sustainable practices in festival organizing and utilizing its three-day music festival in Long Beach, CA, Cali Vibes, as a blueprint for greening their own festival operations.

Now for the second consecutive year, Goldenvoice’s Cali Vibes, has partnered with Three Squares Inc., a Los Angeles-based environmental consulting firm, to develop a comprehensive sustainability program aimed at reducing emissions, minimizing waste, educating attendees and staff, and fostering eco-friendly practices throughout its operations.
<figure role="group" class="align-center"><img alt="&quot; &quot;" data-entity-type="file" data-entity-uuid="c382e8e4-6f61-433d-bd79-ca945245f046" src="/sites/default/files/inline-images/2-festival_AEG_042423.jpeg" width="640" height="801" loading="lazy" /><figcaption>Through its partnership with r.World,  the festival utilized r.Cup reusable cups.</figcaption></figure>Welcoming 25,000 fans per day, Cali Vibes allowed sustainability to take the main stage by adopting the following green initiatives:

<ul><li>Food Waste Reduction – All extra food at the festival was donated to local community shelters. Additionally, roughly 20% to 30% of the food vendors at Cali Vibes provided vegan menu options, with all vendors required to offer at least one vegetarian option.</li>
	<li>Reusable Cup Program: Through its partnership with r.World, the festival utilized r.Cup reusable cups and eliminated approximately 300,000 single-use plastic cups. Water was served in aluminum cans, and refill stations were located throughout the festival.</li>
	<li>Reducing Energy: To reduce on site energy consumption, Cali Vibes sourced Overdrive Energy Solutions’ battery power stations to capture solar energy to power light towers in parking lots, merch stations and bathroom zones. Energy efficient lighting systems relied on battery-powered LED lights. By sourcing locally-produced renewable diesel to power generators and heavy equipment, Cali Vibes eliminated 43 tons of carbon emissions at this year’s festival.</li>
	<li>Reducing Emissions: The festival promoted public transit use by offering attendees free or discounted public transit rides through a partnership with L.A. Metro. Festival organizers also implemented a “no idling” rule to reduce emissions by requiring cars and gas-powered golf carts to be turned off when not in motion.</li>
</ul>In addition to greening its festival operations, the team at Goldenvoice partnered with AEG's Social Impact department to nurture the next generation of environmental stewards by hosting an AEG Futures event at the festival. The career program brought together [50] underrepresented high school and college students to learn about sustainability-focused career opportunities available in live entertainment. The program offered students a chance to learn from industry experts about career opportunities, meet sustainability vendors who spoke to them about the specific Cali Vibes initiatives, participate in mentoring sessions, and explore the festival grounds, fostering a deeper understanding of sustainable practices in the live music space.
<figure role="group" class="align-center"><img alt="&quot; &quot;" data-entity-type="file" data-entity-uuid="a789b741-dec4-4c03-8319-427e4a7374f3" src="/sites/default/files/inline-images/3-hydration-station_AEG_042423.jpeg" width="640" height="801" loading="lazy" /><figcaption>Water was served in aluminum cans, and refill stations were located throughout the festival.</figcaption></figure> 
<figure role="group" class="align-center"><img alt="&quot; &quot;" data-entity-type="file" data-entity-uuid="b11615e4-6f1b-4f0d-8309-fb0f5cabe09d" src="/sites/default/files/inline-images/4-no-idling_AEG_042423.jpeg" width="640" height="801" loading="lazy" /><figcaption>Cali Vibes implemented a “no idling” rule to reduce emissions by requiring cars and gas-powered golf carts to be turned off when not in motion.</figcaption></figure> 
<figure role="group" class="align-center"><img alt="&quot; &quot;" data-entity-type="file" data-entity-uuid="21eb160c-dab3-4918-a724-5cc38d7cb980" src="/sites/default/files/inline-images/5-reusable-cups_AEG_042423.jpeg" width="640" height="801" loading="lazy" /><figcaption>Utilizing r.Cups reusable cup system, Cali Vibes eliminated approximately 300,000 single-use plastic cups at the festival in 2024.</figcaption></figure> 
<figure role="group" class="align-center"><img alt="&quot; &quot;" data-entity-type="file" data-entity-uuid="872bafe1-32f9-427a-af68-e93ba59c1c49" src="/sites/default/files/inline-images/6-minimise-waste_AEG_042423.jpeg" width="640" height="801" loading="lazy" /><figcaption>Cali Vibes aiming to minimize waste and implement eco-friendly practices throughout its operations.</figcaption></figure>

Goldenvoice’s Cali Vibes Executes Comprehensive Sustainability Program 

2023 was a transformative year for Vertex. The company made significant advances toward delivering on its core mission of creating transformative medicines for people with serious diseases and ushering in a new era of diversification. Vertex’s differentiated strategy, investment in scientific innovation, and unique culture have enabled the company to extend its leadership in cystic fibrosis, expand into new disease areas with the regulatory approvals of CASGEVY™ (exagamglogene autotemcel), rapidly advance its robust research and development (R&amp;D) pipeline, and drive positive impact for patients, employees and its communities. The company remains committed to making a difference — for patients and families impacted by serious diseases, for its communities, and for each other. Vertex’s differentiated strategy and unique culture, along with its drive and dedication, will fuel the company’s ability to deliver results and operate its business responsibly. About Vertex 
Vertex is a global biotechnology company that invests in scientific innovation to create transformative medicines for people with serious diseases. The company has approved medicines that treat the underlying causes of multiple chronic, life-shortening genetic diseases — cystic fibrosis, sickle cell disease and transfusion-dependent beta thalassemia — and continues to advance clinical and research programs in these diseases. Vertex also has a robust clinical pipeline of investigational therapies across a range of modalities in other serious diseases where it has deep insight into causal human biology, including acute and neuropathic pain, APOL1-mediated kidney disease, autosomal dominant polycystic kidney disease, type 1 diabetes, myotonic dystrophy type 1 and alpha-1 antitrypsin deficiency. 
Vertex was founded in 1989 and has its global headquarters in Boston, with international headquarters in London. Additionally, the company has research and development sites and commercial offices in North America, Europe, Australia, Latin America and the Middle East. Vertex is consistently recognized as one of the industry's top places to work, including 14 consecutive years on Science magazine's Top Employers list and one of Fortune’s 100 Best Companies to Work For. For company updates and to learn more about Vertex's history of innovation, visit <a href="https://www.vrtx.com/" target="_blank">www.vrtx.com</a> or follow us on <a href="https://www.linkedin.com/company/vertex-pharmaceuticals" target="_blank">LinkedIn</a>, <a href="https://www.facebook.com/VertexPharmaInc" target="_blank">Facebook</a>, <a href="https://www.instagram.com/vertexpharmaceuticals/" target="_blank">Instagram</a>, <a href="https://www.youtube.com/@VertexPharmaceuticalsGlobal" target="_blank">YouTube</a> and <a href="https://twitter.com/VertexPharma" target="_blank">Twitter/X</a>.  Media Contact: <a href="mailto:sarah_dsouza@vrtx.com" target="_blank">Sarah D’Souza</a>, 857-329-8495

In a Transformative Year, Vertex Advances Its Commitment to Corporate Responsibility; Announces 2023 CR Report

<img alt="electric vehicle at charging station " data-entity-type="file" data-entity-uuid="f9a3cf30-420a-4a99-b1b6-f1c208515172" src="/sites/default/files/inline-images/DP%20World%20electric%20trucks%20Peru.jpeg" width="640" class="align-center" height="675" loading="lazy" />Here at <a href="https://www.dpworld.com" target="_blank">DP World</a>, we understand the environmental toll of global trade. Port operations are notoriously carbon-intensive; the transportation sector creates one-third of the world’s total greenhouse gas emissions, of which <a href="https://www.oecd.org/ocean/topics/ocean-shipping/#:~:text=The%20main%20transport%20mode%20for,comes%20with%20opportunities%20and%20challenges." target="_blank">shipping accounts for nearly 3%</a>. 

In an era where environmental sustainability is no longer optional but imperative, DP World is investing in decarbonizing its port operations and steer trade towards a more sustainable future.

On April 4, 2024, we unveiled the first charging station for electric trucks at our terminal on the South Dock of the Port of Callao in Peru. This initiative makes Callao the first port terminal in Latin America to feature this type of infrastructure, promoting decarbonization, environmental stewardship, and operational efficiency.

Electrification at the Forefront

Our latest venture in Callao is another step forward in DP World’s efforts to become carbon neutral by 2040 and achieve net-zero emissions by 2050. The station, which is powered by 100% renewable energy, features 10 fast chargers of 200 KW each, and will be used to charge our fleet of 20 electric ITVs (internal transport trucks). This setup not only supports our fleet but also propels the port towards carbon neutrality.

The charging station, equipped with a 2-megawatt substation and dual-vehicle CCS2-type connectors, also incorporates a smart charge management platform that monitors energy consumption and CO2 emissions savings. Supplementing this, 60 KW of rooftop solar power is used to power the station, further reducing our grid energy dependency.

A Sustainable Milestone

The introduction of this electric charging station is projected to reduce DP World's carbon emissions significantly, preventing the release of 2,145 metric tons of CO2 equivalents annually at the Port of Callao. Given Peru's standing as 38th globally for air pollution (according to the 2022 World Air Quality Report), this reduction is not just a corporate achievement but a national benefit, highlighting our commitment to enhancing air quality and reducing environmental impacts.

Broadening the Impact

DP World's commitment extends beyond Callao. In our continuous pursuit of innovation, last year we also <a href="https://www.csrwire.com/press_releases/788796-dp-world-bolsters-green-initiatives-perus-port-callao-15-electric-cranes" target="_blank">integrated 15 new electric cranes</a> into our operations at the port. DP World has also been making other investments in sustainability at the Port of Callao. 

This electrification project is not just about adopting new technologies; it's about setting a precedent for the maritime and logistics industries worldwide. By pioneering such initiatives, we aim to encourage widespread adoption of clean energy practices, not just in Peru but across the globe.

Pioneering Sustainable Trade: DP World Implements Charging Station for Electric Trucks at Peru’s Port of Callao

<img alt="A panel discussion " data-entity-type="file" data-entity-uuid="466698dd-0892-4c78-95bd-2ca8ad32b747" src="/sites/default/files/inline-images/Panel-Discussion_The-Consumer-Goods-Forum_042624.jpg" width="640" class="align-center" height="900" loading="lazy" />KUALA LUMPUR, Malaysia, April 30, 2024 /CSRwire/ - On the eve of the final adoption of the <a href="https://www.europarl.europa.eu/news/en/press-room/20240419IPR20585/due-diligence-meps-adopt-rules-for-firms-on-human-rights-and-environment" target="_blank">Corporate Sustainability Directive by the European Union</a>, business, CSOs and policymakers gathered in Kuala Lumpur to discuss the next practical steps in the journey to eradicate forced labour. The Symposium co-organised by The Consumer Goods Forum’s (CGF) <a href="https://www.theconsumergoodsforum.com/social-sustainability/human-rights-ending-forced-labour/" target="_blank">Human Rights Coalition</a> in collaboration with the Malaysian Ministry of Plantations and Commodities and My Voice, was an opportunity to assess progress on responsible recruitment and identify the way forward, in this rapidly evolving regulatory context.

The event, held at St. Giles Boulevard Hotel, Mid Valley City, Kuala Lumpur, brought together over 60 organisations including Malaysian businesses, civil society, government representatives, and international brands and retailers. During the discussions, participants from all sectors acknowledged the importance of human rights due diligence as a business imperative.

As the move from voluntary commitments to mandatory regulations consolidates, people and planet positive businesses are the key to ensuring thriving and resilient economies that respect the rights of workers and help sustainable businesses to flourish. Faced with the complex challenge of addressing adverse social impacts, every stakeholder must play their part to accelerate and scale up change, to address systemic social issues in supply chains.

Throughout the morning, representatives from the Ministry of Human Resources, Immigration and Labour Departments of Malaysia shared insights on the progress and ongoing efforts of government bodies to protect migrant workers, who make up 70 percent of the sector’s workforce. Government representatives highlighted Malaysia’s ongoing effort to implement stringent laws, enhance monitoring and compliance mechanisms to prevent forced labour, and improve worker protection through new legislation and certification systems.

Didier Bergeret, Director of Sustainability at The Consumer Goods Forum, said: “Ensuring fair pay and decent conditions for all workers, as well as the eradication of forced labour, is critical for every responsible business – and events such as today are essential to accelerate progress. With impending regulations, such as the Corporate Sustainability Directive by the EU, taking action now is not just a choice, but a necessity to stay ahead of the curve and ensure a fair and ethical future for all workers. Malaysia can set a precedent for responsible recruitment practices, bolstering its position as a global leader in ethical labour standards.”

During the symposium, collaboration with international bodies, businesses, workers, unions, civil society and partner nations, to embrace evolving standards on human rights and environmental due diligence, was highlighted. Reflecting on ongoing collaborations, initiatives like the CGF’S People <a href="https://www.theconsumergoodsforum.com/social-sustainability/human-rights-ending-forced-labour/key-projects/palm-oil/" target="_blank">Positive Palm Project</a> (P3 Project), which aims to eradicate forced labour from the Malaysian palm oil industry through collective action, were commended. The importance of continued engagement and collaboration to drive sustainable change was emphasised.

Business, civil society and worker representatives also took shared lessons and recommendations. Speakers were united around the pivotal role of continuous and open communication with workers as the only means to find adequate and lasting solutions to human rights risks in supply chains. To build a more resilient industry amidst regulatory changes, the human component of due diligence cannot be left aside. Both business and government were commended to continue to take concrete action towards policy changes and implementation, always in consultation with rights holders.

The event concluded with a call to action for businesses, government bodies, and civil society to work together towards the common goal of ensuring ethical labour practices and upholding human rights across supply chains.

Didier Bergeret continued: “We are at a pivotal moment in the pursuit of responsible recruitment practices within our industry. As global attention around fair labour and employment standards rightly intensifies, we must come together to discuss and devise strategies that not only comply with regulations but strengthen our commitment to the rights of workers. No company or industry can eradicate forced labour alone, and because today’s complex supply chains often span many countries and continents, businesses must work closely with governments and non-profits to ensure urgent change. We’re very grateful to the Malaysian Government for their ongoing collaboration as we strive to keep doing more and going further.”

The CGF’s Human Rights Coalition is the world’s leading collective of retailers and manufacturers working together to ensure that human rights are protected and respected across the entire length of international supply chains. As set out by the UN Guiding Principles on Business and Human Rights, businesses have an important responsibility to address and prevent any negative human rights impacts across their operations. The Human Rights Coalition collaborates with policymakers, NGOs and experts to help implement robust Human Rights Due Diligence across the globe.

– ENDS –

About the Human Rights Coalition

<a href="https://www.theconsumergoodsforum.com/social-sustainability/human-rights-ending-forced-labour/" target="_blank">The Human Rights Coalition</a> is the leading collective of consumer goods companies strengthening due diligence throughout their business practices to ensure Workers’ rights are protected, respected, and remedied at every step of the value chain. As a CEO-led initiative hosted by The Consumer Goods Forum, the only organisation to convene manufacturers and retailers globally, the HRC supports companies to effectively address salient human rights impacts, notably around forced labour, in their business practices through aligned, accelerated action driven at the highest levels of leadership. The work of the HRC continues the CGF’s long history of engagement on the issue of forced labour within consumer goods supply chains by building on the CGF’s Social Resolution on Forced Labour, the first of its kind in the industry; its Priority Industry Principles; and ongoing relationships with key stakeholders in the industry. To learn more about the Human Rights Coalition, visit www.tcgfsocial.com.

About The Consumer Goods Forum 

The Consumer Goods Forum (“CGF”) is a global, parity-based industry network that is driven by its members to encourage the global adoption of practices and standards that serves the consumer goods industry worldwide. It brings together the CEOs and senior management of some 400 retailers, manufacturers, service providers, and other stakeholders across 70 countries, and it reflects the diversity of the industry in geography, size, product category and format. Its member companies have combined sales of EUR 3.5 trillion and directly employ nearly 10 million people, with a further 90 million related jobs estimated along the value chain. It is governed by its Board of Directors, which comprises more than 55 manufacturer and retailer CEOs. For more information, please visit: <a href="http://www.theconsumergoodsforum.com/" target="_blank">www.theconsumergoodsforum.com</a>

For additional information, please contact: 

Didier Bergeret  
Director, Sustainability  
The Consumer Goods Forum  <a href="https://www.theconsumergoodsforum.com/press_releases/the-consumer-goods-forum-and-malaysian-government-unite-hundreds-of-leaders-at-milestone-event-to-advance-responsible-recruitment-practices/social@theconsumergoodsforum.com" target="_blank">Social Sustainability (Human Rights)</a>

On the eve of the final adoption of the Corporate Sustainability Directive by the European Union, business, CSOs and policymakers gathered in Kuala Lumpur to discuss the next practical steps in the journey to eradicate forced labour. 

The Consumer Goods Forum and Malaysian Government Unite Leaders To Advance Responsible Recruitment Practices

<img alt="Group of four people seated on a couch." data-entity-type="file" data-entity-uuid="79358b65-0bf0-47c3-9d57-42b8c7377dcb" src="/sites/default/files/inline-images/Community%20Lending_KeyBank_4.24.24A.jpg" width="640" class="align-center" height="675" loading="lazy" />Homeownership is a major life milestone that marks a significant step toward long-term financial stability. However, those in the market for a home today are navigating a complex landscape, with inflation, competition in the market, down payment size and more influencing their purchasing decision. <a href="https://www.key.com/content/dam/kco/documents/personal/2023_financial_mobility_survey.pdf" target="_blank">KeyBank’s 2024 Financial Mobility Survey</a>1 notes that inflation is an extreme concern on the path to homeownership, with 40% of those in the market or who have recently purchased a home stating that inflation is their top purchasing influence.

With this top of mind for consumers, many are hesitant to enter the homebuying market. 29% of Americans do not own a home and do not plan on purchasing one in the next 12 months. Only 1 in 10 of those Americans feel that homeownership is very attainable. Homeownership may also come with unexpected expenses. 51% of Americans expect to use more of their savings in the next year. The usage of savings decreases for those in the market for a home (45%) and those who do not own a home (35%).

Despite this, homeownership is an incredibly important step to building financial equity over time. Key’s data shows that 71% of new homeowners believe they could come up with $2,000 within a month if needed and are very/somewhat confident in the ability to grow their finances (86%).

So how can Americans save up to buy a home in 2024? This <a href="https://www.3blmedia.com/news/keybank-affirms-commitment-accessible-and-affordable-pathways-homeownership" target="_blank">Fair Housing Month</a>, KeyBank is sharing how they can help potential homebuyers save for their big purchase. Creating a dedicated savings account is a great first step to saving for a home. In fact, that it is the top step taken by 43% of Americans to save for a new home. Working with a professional financial advisor, reducing unnecessary spending and increasing income by taking on side gigs are a few other steps Americans are taking to save money for a home.
<img alt="KeyBank Equal Housing Lender logo." data-entity-type="file" data-entity-uuid="b1eb8f27-547f-432f-bcc4-26e27671b01e" src="/sites/default/files/inline-images/Equal%20Housing%20Lender_KeyBank_4.17.24b1.png" width="400" class="align-center" height="310" loading="lazy" />While achieving homeownership may feel daunting, there are a number of resources available to help guide you on your journey. KeyBank is committed to helping our clients achieve their dream of home ownership with equitable and accessible resources. To get in touch with one of our expert mortgage loan officers, click <a href="https://www.key.com/personal/home-loans-lines/mortgage/loan-officer.html" target="_blank">here</a>. Everyone deserves equal access to homeownership, and KeyBank is here to assist you in your big purchase.

NMLS# 399797. KeyBank Member FDIC. NOTICE: This is not a commitment to lend or extend credit. Conditions and restrictions may apply. All home lending products, including mortgage, home equity loans and home equity lines of credit, are subject to credit and collateral approval. Not all home lending products are available in all states. Hazard insurance and, if applicable, flood insurance are required on collateral property. Actual rates, fees, and terms are based on those offered as of the date of application and are subject to change without notice  1The KeyBank 2024 Financial Mobility Survey was conducted online by Schmidt Market Research. 1,000 Americans, ages 18-70, with sole or shared responsibility for household financial decisions, who own a checking or savings account, completed the survey in September 2023. The survey asked respondents about their financial attitudes, understanding, awareness and actions over the prior year.

Homeownership is a major life milestone that marks a significant step toward long-term financial stability. However, those in the market for a home today are navigating a complex landscape, with inflation, competition in the market, down payment size and more.

KeyBank Survey Shows That Americans Are Adjusting Financial Strategies in Pursuit of Homeownership

<img alt="Aerial view of a winding river in a lush green area." data-entity-type="file" data-entity-uuid="5f7d6afa-153b-4ed0-a234-9c6a01d164c5" src="/sites/default/files/inline-images/river_bakerhughes_042324.jpg" width="640" class="align-center" height="594" loading="lazy" />HOUSTON, April 30, 2024 /CSRwire/ - The Baker Hughes Foundation announced a $152,000 grant to <a href="http://earthday.org/" target="_blank">EARTHDAY.ORG</a> in support of climate and environmental literacy as well as the global Earth Day movement. EARTHDAY.ORG’s mission is to diversify the environmental movement and mobilize it as the most effective vehicle to build a healthy, sustainable environment, address climate change and protect the Earth for future generations.

The grant will support <a href="http://earthday.org/" target="_blank">EARTHDAY.ORG’s</a> creation and dissemination of a comprehensive guide for incorporating climate education. EARTHDAY.ORG will lead trainings around the guide through exhibitions and workshops at national teacher engagements, equipping educators with necessary tools and knowledge to effectively teach about climate change itself, their role in environmental stewardship as well as the economic opportunities that the green environment brings. In addition, it will provide the next generation with tools to innovate, lead and cultivate a sustainable future.

“We are advocating for climate education to be part of every curriculum, in every school globally,” said Bryce Coon, director of climate education, EARTHDAY.ORG. “Through the generosity of Baker Hughes Foundation, we can take a step closer towards that goal by giving teachers tangible resources to bring climate education into their classrooms today.”

This grant aligns with the Foundation’s mission of advancing education and ensuring future generations can thrive. This donation also supports Baker Hughes’ commitment to advancing the <a href="https://sdgs.un.org/goals" target="_blank">United Nations' Sustainable Development Goals (SDGs)</a>– specifically SDG #4 quality education, to promote lifelong learning opportunities for all.

“Driving change towards a sustainable world requires a sustainable mindset that begins with the right knowledge and education. At Baker Hughes, sustainability education and training are critical elements of how we are embedding sustainability across our company to empower our employees to take energy forward. We’re proud to support EARTHDAY.ORG for this noble cause,” said Allyson Anderson Book, chief sustainability officer at Baker Hughes.

To learn more about Baker Hughes’ work in supporting its communities, <a href="https://www.bakerhughes.com/company/corporate-responsibility" target="_blank">visit our Corporate Responsibility website</a>.

About the Baker Hughes Foundation: 

For 25 years, the Baker Hughes Foundation has been a steward of charitable resources for meaningful community impact. The Foundation seeks to advance environmental quality, education, health, safety, and wellness around the world by supporting organizations with shared values, demonstrated leadership, evidence of impact, financial soundness, and the capacity to implement initiatives and evaluate their success. The Baker Hughes Foundation makes strategic philanthropic contributions, matches Baker Hughes employee contributions, and awards volunteer recognition grants for outstanding employee community service.

About Baker Hughes

Baker Hughes (NASDAQ: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and conducting business in over 120 countries, our innovative technologies and services are taking energy forward – making it safer, cleaner and more efficient for people and the planet. Visit us at <a href="http://www.bakerhughes.com/" target="_blank">bakerhughes.com.</a>

For more information, please contact:

Media Relations 

Adrienne M. Lynch  
+1 713-906-8407  <a href="https://www.bakerhughes.com/company/news/baker-hughes-foundation-contributes-152000-support-earth-day-climate-education#" target="_blank">adrienne.lynch@bakerhughes.com</a>

The Baker Hughes Foundation announced a $152,000 grant to EARTHDAY.ORG in support of climate and environmental literacy as well as the global Earth Day movement.

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