Ethisphere Institute

BMO and Bell Canada Execute Innovative Sustainability-Linked Derivative Tied to Ambitious GHG Emission Reduction Targets

Retrieved on: 
Tuesday, May 30, 2023

TORONTO, May 30, 2023 /PRNewswire/ - BMO (TSX: BMO) (NYSE: BMO) and Bell Canada ("Bell") have entered into a Sustainability-Linked Derivative (SLD).

Key Points: 
  • TORONTO, May 30, 2023 /PRNewswire/ - BMO (TSX: BMO) (NYSE: BMO) and Bell Canada ("Bell") have entered into a Sustainability-Linked Derivative (SLD).
  • The SPT will be measured as of 2030, and a limited assurance review of Bell's targets will be performed by an independent third party.
  • Any payments received by BMO in relation to a coupon increase will be donated to a charity focused on mitigating climate change.
  • "This transaction further reinforces our ESG objectives to make a positive difference with our investments, including as it relates to achieving our ambitious GHG emission reduction targets to support a more sustainable and prosperous future."

ACC Foundation and Justice Bid Join Forces to Empower Law Departments to Advance DEI Within the Legal Community

Retrieved on: 
Thursday, May 11, 2023

The ACCF-Justice Bid partnership also gives law departments the ability to leverage Justice Bid's diversity analytics technology.

Key Points: 
  • The ACCF-Justice Bid partnership also gives law departments the ability to leverage Justice Bid's diversity analytics technology.
  • Yet, the diversity data piece of the equation has proven to be a significant struggle for law departments.
  • “The DEI Assessment Tool, powered by Ethisphere and based on ACCF’s DEI Maturity Model, was a first step to help law departments assess and advance their internal DEI strategy.
  • As with the ACCF’s Maturity Model and Assessment, Justice Bid also makes its firmwide diversity dashboard free and open to all law departments.

BMO Named to UN-Convened Group Providing Guidance to Global Banks on Nature Target Setting

Retrieved on: 
Wednesday, May 10, 2023

Part of UN Principles for Responsible Banking, Nature Target Setting Working Group to align targets with Kunming-Montreal Global Biodiversity Framework which aims to reverse nature loss by 2030

Key Points: 
  • Part of UN Principles for Responsible Banking, Nature Target Setting Working Group to align targets with Kunming-Montreal Global Biodiversity Framework which aims to reverse nature loss by 2030
    TORONTO, May 10, 2023 /PRNewswire/ - BMO (TSX: BMO) (NYSE: BMO) today announced it has been selected to join the newly formed UN Principles for Responsible Banking (PRB) Nature Target Setting Working Group to innovate nature target-setting for banks.
  • "As members of the United Nations Environment Program since 2010 and a signatory to the Principles for Responsible Banking since 2021, we are pleased to be part of the working group tasked with providing guidance to global banks for setting biodiversity and nature targets," said Michael Torrance, Chief Sustainability Officer, BMO.
  • Banks have a critical role to play in supporting the goals set out in the Global Biodiversity Framework (GBF) and driving progress toward closing the biodiversity financing gap."
  • In 2021 BMO was named Chair of the Cross-Sector Biodiversity Initiative to develop and share good practices related to biodiversity and ecosystem services in the extractive industries.

First-of-its-Kind Standardized Assessment Tool for Workplace Mental Health Launches to Public, Available to All Employers

Retrieved on: 
Thursday, May 4, 2023

One Mind at Work, in partnership with Columbia University Mental Health + Work Design Lab, and corporate ethical standards measurement company Ethisphere, today announced the public launch of the Mental Health at Work Index™- the first-of-its-kind, comprehensive, standardized assessment of organizational programs and practices supporting workforce mental health.

Key Points: 
  • One Mind at Work, in partnership with Columbia University Mental Health + Work Design Lab, and corporate ethical standards measurement company Ethisphere, today announced the public launch of the Mental Health at Work Index™- the first-of-its-kind, comprehensive, standardized assessment of organizational programs and practices supporting workforce mental health.
  • The Index addresses a critical gap in workplace mental health: employees expect their employers to invest meaningfully in their mental health and wellbeing, but until now there has been no singular definition for what constitutes a “good” workplace mental health program.
  • It measures maturity in ten categories: mental health strategy, leadership, workforce engagement, communication, organizational culture, mental health training, work design & environment, mental health benefits, employment practices and monitoring and reporting.
  • Despite the recent proliferation of mental health offerings, independent data or globalized standards do not currently exist to provide scientifically supported decision-making for workplace mental health programs.

NW Natural Holdings Reports First Quarter 2023 Results

Retrieved on: 
Thursday, May 4, 2023

"I'm pleased with our strong first quarter and the progress we've made securing renewable natural gas.

Key Points: 
  • "I'm pleased with our strong first quarter and the progress we've made securing renewable natural gas.
  • In addition, I'm proud of NW Natural Holdings being named one of the 2023 World's Most Ethical Companies® by Ethisphere for the second year running.
  • NW Natural continues to pursue RNG supply on behalf of our customers under the landmark Oregon Senate Bill 98, which supports renewable energy procurement and investment by natural gas utilities.
  • NW Natural Holdings' year-to-date results are summarized by business segment in the table below:
    Three Months Ended March 31,

Parsons Reports Strong First Quarter 2023 Results

Retrieved on: 
Wednesday, May 3, 2023

CENTREVILLE, Va., May 03, 2023 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) today announced financial results for the first quarter ended March 31, 2023.

Key Points: 
  • First quarter 2023 adjusted EBITDA including noncontrolling interests increased by $2.7 million, or 8%, compared to the prior year period.
  • Cash flow from operating activities: First quarter 2023: ($9) million compared to ($26) million in first quarter of 2022.
  • During the first quarter of 2023, the company won three single-award contracts worth more than $100 million each and several meaningful multiple-award IDIQ contracts.
  • Shortly after the first quarter ended, Parsons received three additional single-award contracts valued at more than $100 million each.

AVANGRID Becomes Corporate Sponsor of New Mexico Agriculture in the Classroom

Retrieved on: 
Thursday, April 27, 2023

AVANGRID, a leading sustainable energy company and part of the Iberdrola Group, is the newest corporate sponsor of New Mexico Agriculture in the Classroom (NMAITC).

Key Points: 
  • AVANGRID, a leading sustainable energy company and part of the Iberdrola Group, is the newest corporate sponsor of New Mexico Agriculture in the Classroom (NMAITC).
  • As a Gold Apple Sponsor, their $10,000 contribution will help NMAITC enhance its agricultural literacy efforts among Pre-K-12th grade New Mexico classroom teachers and their students.
  • "We sincerely appreciate AVANGRID for their support of our New Mexico agricultural literacy initiatives,” said Elizabeth Foster, CEO of the New Mexico Farm & Livestock Bureau and secretary/treasurer of the New Mexico Farm and Livestock Bureau Foundation.
  • New Mexico Agriculture in the Classroom is the educational outreach program of the New Mexico Farm and Livestock Bureau Foundation.

Owens Corning Delivers Net Sales of $2.3 Billion; Generates Net Earnings of $383 Million and Adjusted EBIT of $361 Million

Retrieved on: 
Wednesday, April 26, 2023

Owens Corning continues to invest in accelerating new product and process innovation to support customers and generate additional growth.

Key Points: 
  • Owens Corning continues to invest in accelerating new product and process innovation to support customers and generate additional growth.
  • Owens Corning continues to be recognized as a leader in environmental, social, and governance matters.
  • EBIT decreased $105 million to $49 million, resulting in 8% EBIT margins and 16% EBITDA margins, on the impact of lower sales volumes, the resulting production downtime, and higher manufacturing costs.
  • For second-quarter 2023, the company expects a moderate decline in net sales, versus the comparable quarter in the prior year, while continuing to generate mid-teen EBIT margins.

Parsons Named One Of Forbes’ 2023 Best Employers for Diversity

Retrieved on: 
Tuesday, April 25, 2023

CENTREVILLE, Va., April 25, 2023 (GLOBE NEWSWIRE) -- Parsons Corporation, a leader in national security and global infrastructure, announced today that the company has been listed on Forbes’ Best Employers for Diversity 2023.

Key Points: 
  • CENTREVILLE, Va., April 25, 2023 (GLOBE NEWSWIRE) -- Parsons Corporation, a leader in national security and global infrastructure, announced today that the company has been listed on Forbes’ Best Employers for Diversity 2023.
  • “Being recognized by Forbes for diversity speaks to Parsons’ leadership as an employer of choice for DEI best practices,” said Susan Balaguer, Chief Human Resources Officer for Parsons.
  • The results were used to identify companies most dedicated to diversity, equity, and inclusion through criteria including age, gender equality, ethnicity, disability, LGBTQIA+, and the employer’s overall diversity.
  • “The journey continues to embed DEI in every aspect of Parsons,” said Erica White-Dunston, Director, Diversity, Equity & Inclusion at Parsons.

Daniel P. Amos Honored as a 2023 Georgia Trustee

Retrieved on: 
Tuesday, April 25, 2023

COLUMBUS, Ga., April 25, 2023 /PRNewswire/ -- The company announced today that Aflac Incorporated Chairman and CEO Daniel P. Amos was inducted as a 2023 Georgia Trustee – the highest honor the State of Georgia can bestow on an individual – by the Georgia Historical Society and U.S.

Key Points: 
  • COLUMBUS, Ga., April 25, 2023 /PRNewswire/ -- The company announced today that Aflac Incorporated Chairman and CEO Daniel P. Amos was inducted as a 2023 Georgia Trustee – the highest honor the State of Georgia can bestow on an individual – by the Georgia Historical Society and U.S.
  • President and CEO of Children's Healthcare of Atlanta Donna W. Hyland was also inducted alongside Amos at the Georgia Historical Society's Trustees Gala in downtown Savannah, where the Georgia Historical Society is located.
  • "Tonight, we honor two outstanding Georgians, Donna Hyland and Dan Amos," said Dr. W. Todd Groce, president and CEO of the Georgia Historical Society at the Trustees Gala on Saturday.
  • As a Georgia Trustee, Amos and Hyland join dozens of other dedicated state leaders such as Hank Aaron, Ted Turner, Paul Bowers, Dan Cathy, Arthur Blank, Shirley Franklin and Andrew Young.