GREEN CAPITALI$M
Siemens Energy teams up with Duke Energy, Clemson University to study hydrogen use

- Project to help each entity reach bold carbon-reduction goals.

- U.S. Department of Energy to fund year-long study. 

NEWS PROVIDED BY Duke Energy


GREENVILLE, S.C., Dec. 10, 2020 /PRNewswire/ -- Siemens Energy, Duke Energy and Clemson University have teamed up to study the use of hydrogen for energy storage and as a low- or no-carbon fuel source to produce energy at Duke Energy's combined heat and power plant at Clemson University in South Carolina.

The U.S. Department of Energy announced today that it awarded Siemens Energy a $200,000 grant for the research initiative.

The pilot project, called H2-Orange – a nod to hydrogen gas and the collaboration with Clemson University – will ramp up in March 2021 and include studies on hydrogen production, storage and co-firing with natural gas.

The studies will evaluate multiple forms of hydrogen production, including green hydrogen, which is created from water and has no byproducts. Hydrogen also has the potential to store larger quantities of energy more efficiently and for longer durations than current lithium-ion battery technology.

"We look forward to developing an advanced hydrogen energy storage system to reduce the carbon footprint on the Clemson University campus, while optimizing the cost of energy for the campus and microgrid," said Richard Voorberg, vice president of global service operations at Siemens Energy. "We want to be a driver of the energy transition, and this is a great step toward building reliable and efficient clean energy infrastructure in the U.S."

This unique arrangement combines the experience, expertise and perspectives of Siemens Energy as the technology developer, Clemson University as the beneficiary and Duke Energy as the owner and operator of the asset.

Siemens Energy will study the use of its Silyzer electrolyzer to produce hydrogen fuel to help power the existing SGT-400 natural gas turbine at the Clemson plant. The Silyzer can use renewables and clean energy sources to create hydrogen without producing emissions. Clemson University will lead the integration of hydrogen into the campus grid and ensure energy needs are met, and Duke Energy will provide operational, engineering and grid modeling expertise. Duke Energy also expects the results of the study to be applicable to its larger combustion turbine fleet.

"Hydrogen integration is a possibility at many of our natural gas stations," said Regis Repko, Duke Energy's senior vice president and chief fossil/hydro officer. "The best way to innovate is through teamwork, and this research could influence the future of energy – reducing reliance on fossil fuels, decreasing energy costs and benefiting the environment and all energy users."

For years, Duke Energy has actively evaluated hydrogen as a low- or no-carbon fuel source to help the company meet its bold net-zero carbon goal by 2050. Siemens Energy and Clemson University also have net-zero carbon goals to reach by 2030.

"This collaboration supports our institutional goal to be carbon neutral while advancing the development of energy technologies that could have far-reaching societal benefit," said Tanju Karanfil, Clemson University vice president for research. "We are proud to collaborate with industry leaders Duke Energy and Siemens Energy and appreciate their interest in this project."

Additional information – www.siemens–energy.com/press

Duke Energy

Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, N.C., is one of the largest energy holding companies in the U.S. It employs 30,000 people and has an electric generating capacity of 51,000 megawatts through its regulated utilities, and 3,000 megawatts through its nonregulated Duke Energy Renewables unit.

Duke Energy is transforming its customers' experience, modernizing the energy grid, generating cleaner energy and expanding natural gas infrastructure to create a smarter energy future for the people and communities it serves. The Electric Utilities and Infrastructure unit's regulated utilities serve approximately 7.7 million retail electric customers in six states – North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky. The Gas Utilities and Infrastructure unit distributes natural gas to more than 1.6 million customers in five states – North Carolina, South Carolina, Tennessee, Ohio and Kentucky. The Duke Energy Renewables unit operates wind and solar generation facilities across the U.S., as well as energy storage and microgrid projects.

Duke Energy was named to Fortune's 2020 "World's Most Admired Companies" list, and Forbes' 2019 "America's Best Employers" list. More information about the company is available at duke-energy.com. The Duke Energy News Center contains news releases, fact sheets, photos, videos and other materials. Duke Energy's illumination features stories about people, innovations, community topics and environmental issues. Follow Duke Energy on Twitter, LinkedIn, Instagram and Facebook.

Siemens Energy

Siemens Energy is one of the world's leading energy technology companies. The company works with its customers and partners on energy systems for the future, thus supporting the transition to a more sustainable world. With its portfolio of products, solutions and services, Siemens Energy covers almost the entire energy value chain – from power generation and transmission to storage. The portfolio includes conventional and renewable energy technology, such as gas and steam turbines, hybrid power plants operated with hydrogen, and power generators and transformers. More than 50 percent of the portfolio has already been decarbonized. A majority stake in the listed company Siemens Gamesa Renewable Energy (SGRE) makes Siemens Energy a global market leader for renewable energies. An estimated one-sixth of the electricity generated worldwide is based on technologies from Siemens Energy. Siemens Energy employs

more than 90,000 people worldwide in more than 90 countries and generated revenue of around €27.5 billion in fiscal year 2020. www.siemens-energy.com.

Clemson University

One of the most productive public research universities in the nation, Clemson University attracts and powerfully unites students and faculty whose greatest desire is to make a difference in the lives of others. Ranked among the best national public universities by U.S. News & World Report, Clemson is dedicated to teaching, research and service. Our main campus, located in Upstate South Carolina, sits on 1,400 acres in the foothills of the Blue Ridge Mountains, along the shores of Lake Hartwell. We have a presence in every South Carolina county through research facilities, economic development hubs and innovation campuses. Through the research, outreach and entrepreneurial projects led by our faculty and students, Clemson University is driving economic development and improving quality of life in South Carolina and beyond. For more information, go to clemson.edu or visit us on Facebook, Instagram or Twitter.

Montreal pledges to plant 500,000 trees, boost public transit ridership as part of climate plan

Thu., December 10, 2020, CBC

The City of Montreal is aiming to reduce greenhouse gas emissions over the next decade by prioritizing public transit, making buildings more energy efficient and encouraging the shift to electric vehicles.

The climate plan, presented Thursday, outlines Mayor Valérie Plante's long-term vision for the city, less than a year before the next municipal election.

In addition to the commitment to reducing greenhouse gas emissions, the 122-page document also promises measures to mitigate the effects of climate change, including a commitment to plant 500,000 more trees.

Plante said the climate crisis was a top priority before the pandemic, and that the plan serves as a blueprint for a recovery that "will be green and inclusive."

"Our plan will also enable Montreal to meet its commitments and maintain its leadership role in the fight against climate change," Plante said.

Emissions from vehicles a major obstacle

The biggest hurdle facing the city in meeting its emission target is gas-guzzling vehicles, which account for 30 per cent of the city's total emissions.

To that end, the city aims to expand public transit usage with the coming light-rail network and more residential developments near Metro stations. It also plans to designate more parking spaces for zero-emission vehicles.

In all, there are 46 commitments in the document geared toward cutting emissions levels by 55 per cent by 2030, compared with 1990 levels.

The plan was welcomed by environmental groups, some of whom were consulted by the Plante administration.

The David Suzuki Foundation Quebec, which helped develop the emissions modelling for the city, said the plan is "in line with climate science and Intergovernmental Panel on Climate Change recommendations."

The Quebec government put forward its own climate plan month, centred on getting more people to use electric vehicles. The plan was not well received by environmentalists, who said it wouldn't do enough to curb emissions.

Montréal unveils an ambitious plan to reach its climate goals

NEWS PROVIDED BY Ville de Montréal - Cabinet de la mairesse et du comité exécutif 

MONTRÉAL, Dec. 10, 2020 /PRNewswire/ - Ville de Montréal is pleased to unveil its Climate Plan 2020-2030 today. Consisting of 46 firm actions, the plan will allow Montréal to achieve the ambitious climate targets it has set for itself in the area of ecological transition, i.e., a reduction of 55 per cent of greenhouse gases (GHG) in the community between now and 2030 (compared with 1990), as well as carbon neutrality for its operations between now and 2040 and for the community in 2050.

"Before the health crisis hit, the climate crisis was at the heart of our concerns. In September 2019, Montréal witnessed a historic march that brought together 500,000 people demanding concrete action to fight climate change. The COVID-19 pandemic turned everything upside down. But the year 2020 also highlighted the importance of having a resilient city on a human scale. A city that offers quality green spaces to its population. The Climate Plan we are presenting will enable Montréal to improve the quality of life of its population in the short, medium and long term through a recovery that we hope will be green and inclusive. Our plan will also enable Montréal to meet its commitments and maintain its leadership role in the fight against climate change," declared Valérie Plante, mayor of Montréal.

The Climate Plan 2020-2030 consists of 46 actions, 16 of which are key actions, grouped into five areas of intervention targeting the mobilization of the Montréal community, urban planning and development, buildings, the exemplarity of the city, and governance. Among the actions that will have the greatest impact are:

Planting, maintaining, and protecting 500,000 trees, in priority areas susceptible to heat waves;

Encouraging sustainable mobility in neighbourhoods and future urban developments, such as the Hippodrome site;

Favouring and increasing the percentage of electric vehicles in the city centre;

Encouraging greening and stimulating the densification of the city by converting to open-air parking;

Adapting by-laws and supporting programs to increase the energy efficiency and resilience of all types of buildings;

Improving the energy performance of large buildings through a system of rating and disclosure of their energy consumption and GHG emissions;

Transforming 100 per cent of municipal building stock operations to zero carbon;

Imposing a climate test on all the city's decisions to limit their GHG emission impact and maximize their adaptation to climate change;

Dedicating funding for adapting to climate change, from 10 to 15 per cent of the budget of Ville de Montréal's Ten-year Capital Expenditure Program.

To monitor the evolution of the plan and the achievement of its targets, the city will publish an annual report on the progress made on each of the various actions that it contains.

For further details, visit montreal.ca

SOURCE Ville de Montréal - Cabinet de la m

New Whitepaper, Co-Authored by Chubb and Microsoft, Explores Evolution of Email Cyber Crime

Multi-factor authentication critical to deterring new email fraud 

NEWS PROVIDED BY Chubb

WHITEHOUSE STATION, N.J., Dec. 10, 2020 /PRNewswire/ -- Chubb has released a new whitepaper outlining how cyber criminals have evolved their deceptive practices around email cyber crimes, including the use of Business Email Compromise (BEC). The paper, "Email: Is the Digital Door Propped Open for Identity Hijackers?," explores how BEC works, why it is successful, and the importance of using multi-factor authentication as a safeguard.

Co-authored by Chubb and Microsoft, the whitepaper provides ways in which businesses can block these increasingly complex attacks.

"BEC attacks serve as a prime example of how cyber crime is quickly evolving," said Patrick Thielen, Senior Vice President, Chubb North America Financial Lines. "As employees become savvier about not clicking on unfamiliar links or downloading unknown attachments, cyber criminals are just as quickly pivoting to different means—hijacking email accounts and impersonating executives. These sophisticated fraud schemes often result in employees erroneously transferring money to criminals under the auspices of their bosses' supposed directions."

According to the authors, multi-factor authentication is a critical tool to help deter such fraud, as bad actors often access email accounts through weak passwords. An additional layer of defense or proof of identity can help ensure those individuals accessing email accounts or other sensitive company assets are who they say they are.

"Data suggests that implementing multi-factor authentication can help to significantly reduce the risk of email compromise," shared Christopher Arehart, Senior Vice President, Chubb North America Financial Lines. "Whether using a pin, biometric data, or tools like an authentication app, multi-factor authentication is easy to implement and can help close the digital door on cyber criminals."

"The old saw of an ounce of prevention being worth more than a pound of cure remains true in the cyber world," said Joram Borenstein, General Manager, Modern Work and Security Partnerships, Microsoft. "By layering authentication across multiple factors, consumers and employers make it harder for criminals to breach defenses and get at your business and personal data."

The full white paper can be found here. To learn more about how to protect your business from cyber risk, visit www.chubb.com/cyber.

About Chubb
Chubb is the world's largest publicly traded property and casualty insurance company. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London, Paris and other locations, and employs approximately 33,000 people worldwide. Additional information can be found at: www.chubb.com.

SOURCE Chubb

Study: U.S. Military Communications Technology and Cyber Defense Challenges Remain

Second Annual State of Military Communications Study, from Government Business Council and Viasat, Finds Military Communications Still Not Seen as a Priority; Creating Potentially Dire Implications Relative to Adversaries 

NEWS PROVIDED BY Viasat, Inc.

Dec 10, 2020

WASHINGTON and CARLSBAD, Calif., Dec. 10, 2020 /PRNewswire/ -- Despite the Department of Defense (DoD) making strategic moves to improve its communications technologies, a new study finds challenges still exist in fulfilling a successful military communications technology strategy for the multi-domain battlefield. Concerns regarding the DoD's acquisition process and cybersecurity were revealed in the study, conducted by the Government Business Council (GBC), the research division of Government Executive Media Group, in partnership with Viasat Inc., (NASDAQ: VSAT) a global communications company.

According to the second annual State of Military Communications study, respondents reported the top three causes of defense communications technology deficiencies in their agencies include: limited funding, incompatibilities with legacy architectures and cultural complacency. Cultural complacency was also reported as the number one reason why defense agencies continue to contract with companies from the Traditional Defense Industrial Base (TDIB) over companies from the New Defense Industrial Base (NDIB).

Other key findings from the study include:

Despite technology improvements, communications technology strategy is still not seen as an agency priority, with communication technology blackouts still common

97% of respondents reported a complete loss in connectivity at some point while working in the military.

The majority (60%) of respondents think U.S communications technology is either behind or only on par with their adversaries, suggesting potentially dire implications relative to near-peer adversaries.

76% of respondents believe that a focus on improvements to defense communications is much lower, or just on par, with other top priorities in their agency.

Secure connectivity was seen as the number one improvement need in defense communications technology

When asked about their agency's preparedness for a cyberattack on defense communications infrastructure, confidence levels were low across the board. The highest percentage (39%) of respondents indicated they were 'moderately confident' in their agency' preparedness, while 16% said they were 'not at all confident' and only 8% reported feeling 'extremely confident.'

Acquisition remains a barrier to a U.S. military lead in defense technologies 

67% of respondents agree there is room for the military to improve its adoption of communications technology.

Increased commercial sector engagement could help boost the pace of improvements to the military's communications technology portfolio, according to the majority (63%) of respondents.

Respondents (52%) also suggest that increased participation from non-traditional companies — including those from the NDIB — in DoD's acquisition process could expose the military to the latest and greatest technology and business processes.

Investments in cloud, analytics and communications are being made to support the next-gen warfighter

Though challenges exist with developing and acquiring advanced communications technology, respondents did report their agencies are upgrading equipment to minimize challenges created by outdated legacy IT.

Advanced satellite communications, analytics and 5G technology were flagged by respondents as the top next-gen technologies their agency must leverage to advance defense communications capabilities.

Respondents also believe cloud computing is worthy of investment, noting their organizations were prioritizing it in order to outpace competitive adversaries. Specifically, 36% of respondents reported a concerted agency push for cloud computing technologies within the past 12 months.

"As the defense landscape evolves, global military prowess will no longer be determined by artillery alone; command over information — and the digital channels that convey it — will determine the victor," said Daniel Thomas, director, Research & Strategic Insights, Government Business Council. "This year's State of Military Communications survey continued to highlight the need for the DoD to increase its communications modernization efforts to remain competitive against global adversaries to drive real-time decision making and information sharing."

"In its second year, the State of Military Communications survey once again spotlighted the need for enhanced communications to help bridge the multi-domain battlefield and support our warfighters," said Ken Peterman, president, Government Systems, Viasat. "Status-quo acquisition models anchored in cultural complacency must evolve, the pace of technology deployment must align with the speed of relevancy and a focus on security, cloud computing, communications and analytics are all needed to ensure our U.S. competitive military advantage does not erode. Viasat is at the vanguard of the New Defense Industrial Base, focused on bringing innovative business models and game-changing technologies to the defense sector with the goal of creating unprecedented warfighter capabilities and mission outcomes."

A complete copy of the Second Annual State of Military Communications Study can be found here.

About the research and methodology

Government Business Council, the research division of Government Executive Media Group, in partnership with Viasat, conducted the State of Military Communications survey, an in-depth study of senior military decision-makers. The study, now in its second year, was fielded from September-October 2020, to a random sample of U.S. active military and DoD civilians from across the nation. Responses of 195 defense employees were captured after quality control and screening, with about 40% of respondents identifying as GS/GM-13 level or above (including Senior Executive Service). Respondents represented all branches of the military, with the greatest input from the Air Force, Navy, and Army in the 2020 survey.

About Government Business Council

As Government Executive Media Group's research division, Government Business Council (GBC) is dedicated to advancing the business of government through analysis, insight and analytical independence. An extension of Government Executive's 50 years of exemplary editorial standards, GBC produces over 100 research initiatives each year, studying influential decision-makers across all sectors in government to provide invaluable insights, thought leadership content and marketing intelligence for government contractors.

About Viasat

Viasat is a global communications company that believes everyone and everything in the world can be connected. For nearly 35 years, Viasat has helped shape how consumers, businesses, governments and militaries around the world communicate. Today, the Company is developing the ultimate global communications network to power high-quality, secure, affordable, fast connections to impact people's lives anywhere they are—on the ground, in the air or at sea. To learn more about Viasat, visit: www.viasat.com, go to Viasat's Corporate Blog, or follow the Company on social media at: Facebook, Instagram, LinkedIn, Twitter or YouTube.

Copyright © 2020 Viasat, Inc. All rights reserved. Viasat, the Viasat logo and the Viasat signal are registered trademarks of Viasat, Inc. All other product or company names mentioned are used for identification purposes only and may be trademarks of their respective owners.

SOURCE Viasat, Inc.
Related Links

http://www.viasat.com

Wildfire resilience requires action from all, explains IBHS Chief

Roy Wright presents latest scientific guidance during California Department of Insurance Workshop


NEWS PROVIDED BY Insurance Institute for Business & Home Safety (IBHS)

Dec 10, 2020


RICHBURG, S.C., Dec. 10, 2020 /PRNewswire/ -- As California grapples with the wildfire risk across the state, the Insurance Institute for Business & Home Safety (IBHS) today shared the latest science-based guidance to reduce wildfire risk during a California Department of Insurance workshop. Roy Wright, president & CEO of IBHS, brought the organization's scientific expertise from a decade of work at the IBHS Research Center and numerous post-fire field investigations to "Modeling Wildfire Risk and Mitigation in the Era of Climate Change."

"Wildfire risk to communities can be reduced, but it cannot be eliminated. Research in the field and in our lab has demonstrated the clear set of actions that must be taken to give homes a better chance. Yet, this set of actions requires stakeholders to work together to implement and vigilantly maintain wildfire-resistant properties," explains Wright. "Each home is a system with multiple vulnerabilities, so no single action alone will significantly reduce wildfire risk but, collaboratively, communities can bring down their risk."

IBHS lays out the actions for homeowners, neighborhoods and communities in its Suburban Wildfire Adaptation Roadmaps and Wildfire Ready guide for homeowners to walk stakeholders through the opportunities to reduce wildfire risk. Filling the need for actionable guidance specifically for closely-built suburban communities, the Suburban Wildfire Adaptation Roadmaps qualitatively describe the relative vulnerabilities of eight components of the home and actions to improve the risk. Wildfire Ready turns the nuanced technical report into a progressive guide for homeowners that prioritizes the actions that give a home a better chance of surviving a wildfire.

"Embers can pick up and loft regularly more than half a mile. This ability to transport themselves fundamentally changes who is at risk to wildfire because once fire enters a community a domino effect begins as one burning home generates more lofted embers and produces radiant heat making the neighboring homes vulnerable. This domino effect makes community adaptation vital to wildfire mitigation," continues Wright, a northern California native who grew up with wildfire risk. "Communities, neighborhoods, and individuals must work together using wildfire resistant materials and designs as well as vigilant maintenance."

IBHS is committed to producing leading wildfire research that delivers actionable guidance to empower home- and businessowners to prevent avoidable loss.

"As we dive even deeper into wildfire science, we must apply the learnings we already have to improve communities' chances against wildfire. The roof, the 0-5-foot home ignition zone, the area underneath a deck, and vents are the first items that must be addressed," Wright adds.

Home and business owners eager to take action against wildfire can explore Wildfire Ready and Wildfire Ready‒Business at disastersafety.org/wildfire.

About the Insurance Institute for Business & Home Safety (IBHS)
The IBHS mission is to conduct objective, scientific research to identify and promote effective actions that strengthen homes, businesses and communities against natural disasters and other causes of loss. Learn more about IBHS at DisasterSafety.org.

SOURCE Insurance Institute for Business & Home Safety (IBHS)
Related Links

www.disastersafety.org

AMELIORATING CAPITALISM

Aflac Incorporated Announces $25 Million Commitment to Invest in LISC's Black Economic Development Fund 

NEWS PROVIDED BYAflac Incorporated

Dec 10, 2020


COLUMBUS, Ga., Dec. 10, 2020 /PRNewswire/ -- Aflac Incorporated (NYSE: AFL) announced today its $25 million commitment to invest in the Black Economic Development Fund introduced by the Local Initiatives Support Corporation (LISC).

The Black Economic Development Fund (the "Fund") is a mission-oriented investment fund with the primary objective of supporting Black-led financial institutions, anchor institutions and business transactions to strengthen the Black community in rural and urban communities. The ultimate goal is to help close the racial wealth gap. The Fund expects to begin initial deployment of capital in the first quarter of 2021, taking an industry-agnostic approach across a diverse set of borrowers and geographies with a variety of products and investment durations.

This announcement follows Chairman and CEO of Aflac Incorporated Daniel P. Amos' recent signing of the CEO Action for Diversity & Inclusion™ pledge, reaffirming Aflac's longstanding commitment to building productive, diverse and inclusive workplaces—principles that underscore Aflac's long-time commitment to fostering a diverse and inclusive corporate culture and workforce.

Chairman and CEO of Aflac Incorporated Daniel P. Amos commented, "The concept of diversity, equality and inclusion is not new at Aflac; it is a topic about which we at Aflac have been passionate for decades. Aflac has a long history of inclusiveness dating back to the U.S. Civil Rights movement when our principal founder, John Amos, actively worked with leaders engaged in issues of equality and fairness. We are proud to continue that good work and thrilled to take part in LISC's Black Economic Development Fund. We view this as much more than just a financial investment; rather, we see it as an investment in society to help support schools, housing and small businesses within Black communities. Aflac's founding principles have evolved into what is now known internally at Aflac as 'The Aflac Way,' a collection of guiding principles that reflects Aflac's corporate culture: treating all of its constituents, both internal and external—with dignity, respect and fairness. Our investment in the Black Economic Development Fund speaks to that ideology, and it is our honor to be a part of it."

"It's encouraging to see corporations like Aflac extend their commitment to diversity and equality by investing their assets in communities of color," said George Ashton, managing director of LISC Strategic Investments. "Aflac's investment in the Black Economic Development Fund will help fuel broad social and economic benefits that will have a lasting impact on businesses, jobs, and economic growth throughout the country. With this investment, Aflac is setting the standard for its peers to do the same."

ABOUT AFLAC INCORPORATED

Aflac Incorporated (NYSE: AFL) is a Fortune 500 company, helping provide protection to more than 50 million people through its subsidiaries in Japan and the U.S., where it is a leading supplemental insurer by paying cash fast when policyholders get sick or injured. For more than six decades, insurance policies of Aflac Incorporated's subsidiaries have given policyholders the opportunity to focus on recovery, not financial stress. Aflac Life Insurance Japan is the leading provider of medical and cancer insurance in Japan, where it insures 1 in 4 households. Fortune magazine recognized Aflac as one of the 100 Best Companies to Work for in America for 20 consecutive years. For 14 consecutive years, Aflac has been recognized by Ethisphere as one of the World's Most Ethical Companies. In 2020, Fortune included Aflac Incorporated on its list of World's Most Admired Companies for the 19th time, and Bloomberg added Aflac Incorporated to its Gender-Equality Index, which tracks the financial performance of public companies committed to supporting gender equality through policy development, representation and transparency. To learn how to get help with expenses health insurance doesn't cover, get to know us at aflac.com.

ABOUT LISC

With residents and partners, LISC forges resilient and inclusive communities of opportunity across America – great places to live, work, visit, do business and raise families. Since 1979, LISC has invested $22 billion to build or rehab more than 419,000 affordable homes and apartments and develop 70.3 million square feet of retail, community and educational space.

For more information on the Black Economic Development Fund, please visit https://www.liscstrategicinvestments.org or contact strategicinvestments@lisc.org.

AMELIORATING CAPITALISM

Clorox Signs "America Is All In" Statement in Support of Action on Climate Change

On the fifth anniversary of the Paris Climate Agreement, U.S. Businesses, Government Entities and Institutions Voice Support for National Mobilization on Climate




NEWS PROVIDED BYThe Clorox Company

Dec 10, 2020, 16:20 ET

OAKLAND, Calif., Dec. 10, 2020 /PRNewswire/ -- The Clorox Company (NYSE:CLX) has signed America Is All In – a statement supported by more than 1,000 businesses, government entities, universities and other institutions to express support for ambitious commitments to tackle the climate crisis.

Signatories to America Is All In support driving economic growth through job-creating sustainable investments. A key principle of the collaborative statement is approaching climate and economic recovery in a manner that addresses systemic inequalities and ensures everyone benefits from a transition to climate resiliency.

"Clorox's corporate purpose is to champion people to be well and thrive, every single day. And this includes contributing to a healthy planet," said Clorox CEO Linda Rendle. "Consistent with our commitment to science-based climate action, we're lending our voice to call for a coordinated, national response to climate change and recognize that all sectors must act together to help our planet thrive now and in the future."

Clorox has made addressing climate change a key priority in its IGNITE Strategy. The company has committed to 100% renewable electricity in the U.S. and Canada by next year and to setting science-based targets to reduce greenhouse gas emissions in its operations and across its value chain.

These commitments build upon a long-standing focus on climate stewardship that resulted in cumulatively reducing emissions by 56% per case of product sold and by 46% on an absolute basis between 2008 and 2019. Clorox is proud of its progress and commitment to climate stewardship but recognizes that the efforts of any single organization are not sufficient to meet the scale of the challenge. America Is All In conveys the importance of multi-stakeholder collaboration and leadership in addressing climate change.

America Is All In will be shared with U.S. federal government officials and members of Congress, United Nations officials and global heads of state. View the statement and signatories at AmericaIsAllIn.com.

The Clorox Company

The Clorox Company (NYSE: CLX) is a leading multinational manufacturer and marketer of consumer and professional products with about 8,800 employees worldwide and fiscal year 2020 sales of $6.7 billion. Clorox markets some of the most trusted and recognized consumer brand names, including its namesake bleach and cleaning products; Pine-Sol® cleaners; Liquid-Plumr® clog removers; Poett® home care products; Fresh Step® cat litter; Glad® bags and wraps; Kingsford® charcoal; Hidden Valley® dressings and sauces; Brita® water-filtration products; Burt's Bees® natural personal care products; and RenewLife®, Rainbow Light®, Natural Vitality Calm™, NeoCell® and Stop Aging Now® vitamins, minerals and supplements. The company also markets industry-leading products and technologies for professional customers, including those sold under the CloroxPro™ and Clorox Healthcare® brand names. More than 80% of the company's sales are generated from brands that hold the No. 1 or No. 2 market share positions in their categories.

Clorox is a signatory of the United Nations Global Compact and the Ellen MacArthur Foundation's New Plastics Economy Global Commitment. The company has been broadly recognized for its corporate responsibility efforts, named to the 2020 Axios Harris Poll 100 reputation rankings, Barron's 2020 100 Most Sustainable Companies list, and the Human Rights Campaign's 2020 Corporate Equality Index, among others. In support of its communities, The Clorox Company and its foundations contributed more than $25 million in combined cash grants, product donations and cause marketing in fiscal year 2020. For more information, visit TheCloroxCompany.com, including the Good Growth blog, and follow the company on Twitter at @CloroxCo.

America Is All In

The America Is All In statement was co-produced by the many organizations and networks that support the management of We Are Still In - a joint declaration of support for climate action signed by more than 3,900 CEOs, mayors, governors, tribal leaders, college presidents, faith leaders, health care executives, and others in 2017. America Is All In was organized by The American Sustainable Business Council, B Team, Bloomberg Philanthropies, Center for American Progress, Ceres, CDP, Climate Mayors, Climate Nexus, C40, C2ES, Environmental Defense Fund, Environmental Entrepreneurs, Georgetown Climate Center, Health Care Without Harm, ICLEI, National League of Cities, Rocky Mountain Institute, Second Nature, Sierra Club, Sustainable Museums, The Climate Group, We Mean Business, World Resources Institute (WRI), and World Wildlife Fund (WWF). Learn more at AmericaIsAllIn.com.

CLX-C

SOURCE The Clorox Company
Related Links

http://www.TheCloroxCompany.com

K12 Climate Action Examines Climate Change Mitigation in Schools

School leaders from Philadelphia, Stockton join student activists in sharing innovative solutions

NEWS PROVIDED BYK12 Climate Action

Dec 10, 2020, 18:11 ET

WASHINGTON, Dec. 10, 2020 /PRNewswire/ -- Today, K12 Climate Action, an initiative of the Aspen Institute, examined how schools can mitigate their environmental impact during its second listening session, which featured Dr. William Hite Jr., the Superintendent of the School District of Philadelphia; Otis Hackney, the Chief Education Officer for the City of Philadelphia; Gilbert Rosas, the Energy Education Specialist at Stockton Unified School District; and Mahider Tadesse and Andie Madsen, student activists from Salt Lake City School District.

"Climate change is a major crisis that we all, as well as schools, will face, and school leaders and policymakers must prepare for those unique challenges and take action," said former New Jersey Governor and EPA Administrator Christine Todd Whitman. "Today, we've heard tangible steps schools in Philadelphia, Salt Lake City, and Stockton have taken to reduce their environmental impact, move toward sustainable solutions, and provide healthier learning environments for children and youth."

"With green matters playing such a crucial role in our economy," said Hite. "We know that today's students are tomorrow's workforce. We need to prepare them for jobs but also to live healthy lifestyles."

"This pandemic should teach us that we need to be prepared for change and invest in the future," said Rosas.

"I hope this moment is the beginning of moving in the right direction for where schools and school districts need to be in the future," says Madsen. "I am hoping that more young people are getting involved in this conversation because it is so necessary, and truly we have a personal stake in this fight."

Co-chaired by John B. King Jr., president and CEO of The Education Trust and 10th U.S. Secretary of Education under President Barack Obama, and Christine Todd Whitman, president of the Whitman Strategy Group and former Governor of New Jersey and Administrator of the Environmental Protection Agency under President George W. Bush, K12 Climate Action consists of 23 commissioners and over 35 coalition partners. It will release an action plan in 2021 that will harness schools' unique position to educate and prepare a new generation of students to advance a more sustainable world.

K12 Climate Action has four key areas of focus:

Mitigate: transitioning to more sustainable operations including energy, transportation, and food use;

Adapt: building resilience in preparation for disruptions and negative impacts related to climate change;

Educate: supporting teaching and learning to equip children and youth with the knowledge and skills to build a more sustainable world; and

Advance Equity: centering the voices and needs of Black, Latinx, Asian Americans and Pacific Islanders, Indigenous and other communities of color as well as low-income students and families.

In the United States, 50 million children and young people attend public schools. With 98,000 schools, 480,000 diesel school buses, and 7 billion meals served annually, the education sector has a considerable environmental impact and offers one of the greatest opportunities to build long-lasting change to advance sustainability.

For more information, visit k12climateaction.org and join the conversation by following K12 Climate Action on Facebook, Twitter and Instagram.

The Aspen Institute is a global nonprofit organization committed to realizing a free, just, and equitable society. Founded in 1949, the Institute drives change through dialogue, leadership, and action to help solve the most important challenges facing the United States and the world. Headquartered in Washington, DC, the Institute has a campus in Aspen, Colorado, and an international network of partners. For more information, visit www.aspeninstitute.org.

SOURCE K12 Climate Action
Related Links

http://k12clima

ESG* AMELIORATING CAPITALISM
Why Kellogg's enhanced Human Rights Strategy matters more than ever

 


NEWS PROVIDED BY Kellogg Company

Dec 10, 2020, 10:30 ET


BATTLE CREEK, Mich., Dec. 10, 2020 /PRNewswire/ -- During the recent United Nations Annual Forum on Business and Human Rights, two main themes emerged: COVID-19 and climate change. But a third, sobering fact was also presented – the COVID-19 pandemic has undone many of the human rights gains that companies have made in recent years. And female workers and children are disproportionately at an even greater risk. Kellogg, peer organizations, governments, and civil society all have a major role to play in continuing to protect and advance human rights. Amy Senter, Kellogg Company Chief Sustainability Officer, shares how the company's latest efforts intend to drive even greater action and impact.

Smallholder Cocoa Farmers in Ecuador

Social K – Kellogg Company Blog

Amy Senter
Chief Sustainability Officer

We have long been committed to protecting, respecting, and advancing the cause of human rights across our value chain, which continues to contribute to our Better Days global purpose platform. Doing so is central to maintaining a responsible, ethical and equitable business. We have made steady progress towards our commitment and are pleased to announce that we have evolved our Human Rights Strategy and updated our Human Rights Policy to enable greater action and impact.

We are actively supporting human rights across our value chain by:
Protecting farmers and worker rights, combatting forced and child labor, and ensuring a safe and healthy workplace for all.

Driving equity, diversity and inclusion across our business through enhanced leadership commitments for equitable representation, investing in continued training and development and strengthening external multicultural partnerships.

This accountability has been seen throughout our COVID response. Moreover, we're working to ensure human rights are protected not just in our operations but across our supply chain. Our enhanced strategy and policy reflect an even more active approach for engaging with our suppliers and internal facilities to ensure we are positioned to drive the biggest impact across our business.

To inform our strategy, we consulted with external stakeholders, suppliers, trusted non-government organizations and industry experts to identify enhancement opportunities – and we're taking several actions because of it, such as:
Launching an external-facing Ethics Hotline digital app to improve reporting and tracking of human rights issues and making this available to our suppliers and employees.

Enlisting an international consulting firm to conduct ongoing assessments of human rights risks across our supply chain and establishing verification of human rights protection in high-risk sites with Tier 1 suppliers and within our internal operations.

Educating and engaging employees and suppliers on this issue through company-wide training and embedding human rights protections into day-to-day business.

Investing in programs at ingredient origin that address root cause issues for human rights issues.

Expanding annual reporting and communications of human rights progress to stakeholders, customers and consumers.

This work builds from positive milestones we've already achieved.

In 2020 we ranked 13th in the Know the Chain global human rights benchmark and 14th in the Corporate Human Rights Benchmark across industries. Both are reflective of our ongoing efforts to bolster our human rights programs and activities throughout our supply chain and internal operations.

This includes, for example, our work supporting cocoa farmers in Ecuador and Ghana, Malagasy vanilla farmers, wheat farmers in India and smallholder palm producers in Malaysia – areas and people that are typically at the highest risk for human rights violations.

Pandemic or not, we remain steadfast in our commitment to identifying human rights risks and eradicating violations across our supply chain now and in the future.

You can read more about our Human Rights progress in our annual milestones. View our updated policy on our corporate website.

About Kellogg Company
At Kellogg Company (NYSE: K), we strive to enrich and delight the world through foods and brands that matter. Our beloved brands include Pringles®, Cheez-It®, Special K®, Kellogg's Frosted Flakes®, Pop-Tarts®, Kellogg's Corn Flakes®, Rice Krispies®, Eggo®, Mini-Wheats®, Kashi®, RXBAR®, MorningStar Farms® and more. Net sales in 2019 were approximately $13.6 billion, comprised principally of snacks and convenience foods like cereal and frozen foods. Kellogg brands are beloved in markets around the world. We are also a company with Heart & Soul, committed to creating Better Days for 3 billion people by the end of 2030 through our Kellogg's® Better Days global purpose platform. Visit www.KelloggCompany.com or www.OpenforBreakfast.com.

* ENVIRONMENT, SOCIAL, GOVERNANCE

Analysis: U.S. blessing Facebook deals complicates lawsuit demanding Instagram sale

LEFT HAND NOT KNOWING WHAT THE RIGHT HAND IS DOING DEPT.

By Paresh Dave
Thu., December 10, 2020

FILE PHOTO: The Facebook logo is displayed on their website in an illustration photo taken in Bordeaux

(Reuters) - A U.S. lawsuit that could lead to the break-up of Facebook Inc's social media empire may be hindered by the government's role in the company's monopoly building, and a recent dearth of similar cases, legal experts said.

In twin lawsuits on Wednesday, the Federal Trade Commission and 48 U.S. states and territories alleged Facebook's purchases of media-sharing apps Instagram in 2012 and WhatsApp in 2014 were part of an illegal pattern to maintain its monopoly in social networking, leaving consumers with few alternatives to apps from the Silicon Valley giant.

But the FTC reviewed the two deals at the time, especially scrutinizing the Instagram deal, and did not try to block them. Facebook has already used that fact to call the lawsuits "revisionist history" and will continue to make that a part of its defense, a person familiar with the company's thinking said.

Many of the company emails and other evidence the FTC revealed in its complaint on Wednesday - which show Facebook was motivated to eliminate costly competition - could have been accessed back then under its investigative powers.

The source described the FTC's attempted redo now as unprecedented and noted that rivals including TikTok, Snapchat and Twitter have continued to grow over the last eight years.

Legal scholars or attorneys not involved in the case said the FTC's inaction nearly eight years ago is problematic, but not insurmountable.

"They were wrong not to challenge it at first but that's water under the dam," said Spencer Waller, director of the Institute for Consumer Antitrust Studies at Loyola University Chicago. "Now, they can say, 'We've seen what happened and conclude it has'" substantially lessened competition.

In fact, companies have been sued long after deals were completed. The Justice Department in 1964 succeeded in forcing chemical giant du Pont to sell a stake in automaker General Motors in a case brought about 30 years after the investment.

The FTC seems to understand the optics on the situation, said Joel Mitnick, an antitrust attorney at Cadwalader, Wickersham & Taft. While the states allege each of the two Facebook acquisitions separately violated the U.S. law banning unfair mergers, the FTC sued only under a separate law that broadly bars schemes that allow companies to unfairly hold onto power.

"The (FTC) clearly doesn't want the judge to be focusing on whether they blew it at the time of acquisitions," Mitnick said. "The FTC would have to say to the court, 'We just didn't understand at the time that these mergers would create companies that would increase in size and consumers wouldn't go to other sites." The FTC declined to comment on its legal strategy.

Even if the FTC prevails on whether Facebook violated the law, a break-up would be far from certain.

The statute upon which the FTC is bringing its case last triggered a major divestiture in 2000 when a federal judge ordered Microsoft to separate its operating systems and apps businesses. But an appeals court later reversed that order, a decision that likely benefits Facebook, Mitnick said.

The FTC may counter with a Supreme Court decision from 1966 holding that a conglomerate developing plumbing supplies and burglar systems had to dissolve the series of tie-ups that led to its market power.

The FTC's work will be more difficult because "the government has not pursued a divestiture like this in quite a while," said Rory Van Loo, associate law professor at Boston University. But there may be no better remedy in this case, and "those large divestitures of decades and even a century ago are still good law," he said.

(Reporting by Paresh Dave in Oakland, California; Additional reporting by Nandita Bose in Washington; Editing by Lisa Shumaker)