Posts

Environmental, social and governance best practices to serve as key components of company’s overall business transformation initiatives

MCLEAN, Va., May 24, 2022 (GLOBE NEWSWIRE) -- GTT Communications Inc., a leading global cloud networking provider to multinational clients, announced today that it has established a new global Environmental, Social and Governance (ESG) function as part of its ongoing business transformation. Demonstrating its commitment to further developing and implementing ESG best practices across its business, GTT has appointed Marna Fox as the company’s first global ESG program lead and has released its inaugural ESG report.

In her new role, Fox will be responsible for the development and execution of GTT’s comprehensive ESG strategy and associated initiatives, including ESG reporting and disclosures. Fox has more than 15 years of experience in implementing and maintaining quality and environmental management systems. During her tenure with GTT, she has overseen and monitored the implementation of GTT’s global compliance program and managed audit programs for ISO and SOC certifications in the U.K. and Europe.

This newly created role is supported by GTT General Counsel Douglass Maynard, who serves as the ESG executive sponsor, as well as a cross-functional steering committee that, with the board of directors, will set the ESG strategy for the company.

“Marna has a strong track record of successfully leading complex global programming and brings a personal passion for social and sustainability principles,” said Maynard. “GTT is transforming its business and continually investing to improve our employee and customer experience. Establishing a formal ESG function will enable us to better support our customers, employees and our valued communities and build toward a brighter tomorrow.”

In conjunction with this appointment, GTT has published its inaugural ESG report. The new report provides a discussion of the company’s ongoing ESG commitments and priorities that underpin its mission and long-term goals.

In addition, the company has begun to build out its data collection methods and greenhouse gas emissions inventories through the implementation of an ESG technology suite, and it is evaluating key performance indicators to drive improvement in material topics.

GTT’s ESG report is available on the company’s website here.

About GTT

GTT is a managed network and security services provider to global organizations. We design and deliver solutions that leverage advanced cloud, networking and security technologies. We complement our solutions with a suite of professional services and exceptional sales and support teams in local markets around the world. We serve thousands of national and multinational companies with a portfolio that includes SD-WAN, security, Internet, voice and other connectivity options. Our services are uniquely enabled by our top-ranked, global, Tier 1 IP backbone, which spans more than 260 cities on six continents. The company culture is built on a customer-first service experience reinforced by our commitment to operational excellence and continuous improvement in our business, environmental, social and governance practices. For more information, visit www.gtt.net.

GTT Media Inquiries:
Brad Bass, GTT
+1-240-418-0168
brad.bass@gtt.net

Ed Stevenson, LEWIS
+44-207-802-2626
gttuk@teamlewis.com

GTT Investor Relations:
Charlie Lucas
VP of Finance
InvestorRelations@gtt.net

In the latest Global Food and Beverage Survey Report from WTW, ESG risks are of greatest concern with reputational risk increasingly seen as critical to success

LONDON, May 23, 2022 (GLOBE NEWSWIRE) -- Environmental, social and governance (ESG) risks are increasingly impacting the food and beverage sector as it faces the combined challenges of controlling the environmental impact of production processes and supply chain disruption.

In a new global survey, WTW (NASDAQ: WTW), a leading global advisory, broking, and solutions company, outlines the pressures facing the food and beverage sector as a result of the turbulence of the last two years from the impact of the pandemic to the supply chain disruption caused by global volatility, particularly regarding the conflict between Russia and Ukraine, which is likely to have a significant impact on global food supplies.

The survey also found:

• Brand and reputation, which is heavily linked to sustainability, is a big risk (46%), yet 55% had no reputational cover.
• 73% said their company had no specific insurance for environmental risk and 67% did not have cyber risk cover. 42% did not have cover for product recall. All of which were ranked as risk factors.
• External factors beyond the organisation’s control, including geopolitical factors (60%) and economic factors (60%) were seen as the biggest challenges to mitigating risk in the medium term.
• Despite the challenges of the last two years, 70% are optimistic that the sector will be more profitable over the next two years with organic food (48%) topping the list of growth opportunity.

The survey was conducted with 250 senior executives in food production, processing and manufacturing organisations, across the globe, and across different categories including confectionary, snacks, bakery, cereals, dairy, brewing, distillery and soft drinks.

Garret Gaughan, Head of Direct and Facultative, said, “While this survey was undertaken prior to the current geopolitical situation, we recognize that the food and drink sector is undergoing a wide variety of disruption caused by a number of seismic events, not least the situation in Ukraine / Russia. However, this survey also demonstrates the food and beverage sector’s growing awareness of the impact of ESG on this sector which is also reflecting the changing nature of f consumers who are increasingly concerned about sustainability and how their food is produced and the ingredients within it, as well as the impact of climate change on supply chain.”

For more information please visit: - https://www.wtwco.com/en-GB/Insights/2022/04/global-food-and-beverage-survey-report

About WTW

At WTW (NASDAQ: WTW), we provide data-driven, insight-led solutions in the areas of people, risk and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, we help organizations sharpen their strategy, enhance organizational resilience, motivate their workforce and maximize performance.

Working shoulder to shoulder with our clients, we uncover opportunities for sustainable success—and provide perspective that moves you.

Learn more at wtwco.com.

Media contact

Sarah Booker: +44 7917 722040
sarah.booker@willistowerswatson.com

CHICAGO, May 23, 2022 (GLOBE NEWSWIRE) -- LKQ Corporation (Nasdaq: LKQ) today released its 2021 Sustainability Report and unveiled its new brand identity, reflecting the Company’s transformation from a salvage dismantler and recycler to a leading global value-added and sustainable distributor of vehicle parts, accessories, and services.

2021 Sustainability Report

LKQ Corporation is proud to announce the release of its 2021 Sustainability Report, highlighting key environmental, social, and governance (ESG) accomplishments.

“LKQ is improving the world one part at a time. As the largest recycler of automobiles in the world, we have a longstanding commitment to ESG that is central to our strategy of delivering a more sustainable future for both LKQ and our planet while driving lasting value for our stakeholders,” said Dominick Zarcone, President and Chief Executive Officer. “In addition to environmental stewardship, our social impact initiatives and strong governance structure underpin the long-term strength and success of our business. This year’s report underscores our enhanced approach to include a holistic ESG focus across our global organization, and I am thrilled to share our disclosures and accomplishments.”

We encourage all stakeholders to read LKQ’s Sustainability Report, which is available on the Company’s website at https://www.lkqcorp.com/wp-content/uploads/2022/05/2021-LKQ-Sustainability-Report-FINAL.pdf.

New Brand Identity

When the Company was founded in 1998, our goal was to revolutionize the vehicle parts industry by offering high-quality, recycled OEM parts through a vast network of salvage facilities across North America. These recycled parts offered an attractive value proposition to the mechanical and collision repair industry and were known for their “Like, Kind, and Quality,” a term the Company embraced and simplified as its core brand “LKQ.” Over time, and with the success of changing the landscape of vehicle recycling and distribution in North America, the Company expanded into various other products and geographies, ultimately creating a leading global provider of alternative and specialty parts and services to repair and accessorize automobiles and other vehicles. Today, the Company has operations in North America, Europe, and Taiwan with approximately 46,000 employees serving customers in over 26 countries. The meaning of “LKQ” has also evolved to “Leadership, Know-how, and Quality.”

“Our new brand identity and logo, along with the positioning tagline of “Keeping you moving,” enables the Company to project an updated and modern image to our stakeholders. Far more than just three simple letters, our enhanced brand identity signifies who we are and what makes our market leading positions unique. It also validates our strategy of building a resilient business for the long-term and one that is positioned to take advantage of the exciting growth opportunities in the global automotive industry,” says Dominick Zarcone, President and Chief Executive Officer.

The new brand will be rolled out across the globe and includes a newly launched website. The improved site will provide an enhanced experience for stakeholders and be a valuable resource to understand our business, solutions, culture, and commitment to our people.

About LKQ Corporation

LKQ Corporation (www.lkqcorp.com) is a leading provider of alternative and specialty parts to repair and accessorize automobiles and other vehicles. LKQ has operations in North America, Europe and Taiwan. LKQ offers its customers a broad range of OEM recycled and aftermarket parts, replacement systems, components, equipment, and services to repair and accessorize automobiles, trucks, recreational, and performance vehicles.

Contact

Sandy Pierantoni
LKQ Corporation
Director, Global ESG Strategy & Initiatives
(312)-621-2739
sjpierantoni@lkqcorp.com

Joseph P. Boutross
LKQ Corporation
Vice President, Investor Relations
(312) 621-2793
jpboutross@lkqcorp.com

DALLAS, May 23, 2022 (GLOBE NEWSWIRE) -- Builders FirstSource, Inc. (NYSE: BLDR) (the “Company”), the nation’s largest supplier of structural building products, value-added components and services to the professional market for new residential construction and repair and remodeling, today announced that it has published its inaugural Corporate Social Responsibility (CSR) report. The report offers an overview of the comprehensive initiatives and programs the Company has implemented to improve transparency and sustainability throughout the organization for the betterment of its team members, shareholders and partners. The report can be viewed by clicking here.

Builders FirstSource is a company founded on the principles of adhering to the highest standards of safety, integrity and excellence, while prioritizing the needs of its people and customers. The report details the steps the Company has taken to improve corporate governance, financial strength, operational efficiency, environmental stewardship, community engagement and resource management.

“At Builders FirstSource, we pride ourselves on using our scale and resources to build a more sustainable future for all of our stakeholders,” said Dave Flitman, President and CEO of Builders FirstSource. “We are proud of our efforts on this front and are committed to doing even more going forward as part of our mission to be a responsible and trusted partner for our communities and planet. Our CSR report provides an overview of the actions we have taken to become a better corporate steward for all, and we are pleased to report on our progress in this regard for the first time. It’s an honor to lead this incredible organization, and I am energized by the opportunities that exist to further strengthen our social impact.”

Highlights from the Builders FirstSource inaugural CSR report include:

Team Members:

• Delivering an 18% reduction in recordable injuries across the Company in 2021
• Launching diversity, equity and inclusion trainings for all team members
• Monitoring the composition of the workforce across functions and increasing recruiting from more diverse sources
• Contributing over $2 million to various charitable initiatives

Environment:

• Sourcing over 90% of wood products from sustainable forestry certified vendors
• Tracking the benefits of material waste savings resulting from the use of our READY-FRAME® product and industry-leading off-site component manufacturing, saving over 3 million trees from 2019 through 2021
• Utilizing water-based paints to reduce hazardous waste risks to our team members and the environment
• Implementing a nationwide delivery routing system to maximize vehicle efficiency, save costs and minimize emissions
• Monitoring vehicle idle time and providing financial incentives to minimize idling and reduce emissions
• Introducing electric forklifts and clean-burning diesel delivery vehicles to reduce carbon emissions, and committing to integrating zero-emission vehicles into our fleets
• Upgrading lighting to LEDs to save energy, reduce carbon emissions and improve safety through better visibility
• Installing overhead fans to reduce air conditioning and related power usage

Integrity:

• Implementing measures to ensure appropriate and ethical business conduct and relations, such as robust accounting systems to monitor and detect potential financial irregularities, including regular reporting to the Board of Directors

Builders FirstSource intends to publish an updated CSR report on an annual basis.

About Builders FirstSource
Headquartered in Dallas, Texas, Builders FirstSource is the largest U.S. supplier of building products, prefabricated components, and value-added services to the professional market segment for new residential construction and repair and remodeling. We provide customers an integrated homebuilding solution, offering manufacturing, supply, delivery and installation of a full range of structural and related building products. We operate in 42 states with approximately 565 locations and have a market presence in 47 of the top 50 and 85 of the top 100 MSA’s, providing geographic diversity and balanced end market exposure. We service customers from strategically located distribution and manufacturing facilities (certain of which are co-located) that produce value-added products such as roof and floor trusses, wall panels, stairs, vinyl windows, custom millwork and pre-hung doors. Builders FirstSource also distributes dimensional lumber and lumber sheet goods, millwork, windows, interior and exterior doors, and other building products.

Forward-Looking Statements
Statements in this news release and the schedules hereto that are not purely historical facts or that necessarily depend upon future events, including statements about expected market share gains, forecasted financial performance or other statements about anticipations, beliefs, expectations, hopes, synergies, intentions or strategies for the future, may be forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Readers are cautioned not to place undue reliance on forward-looking statements. In addition, oral statements made by our directors, officers and employees to the investor and analyst communities, media representatives and others, depending upon their nature, may also constitute forward-looking statements. As with the forward-looking statements included in this release, these forward-looking statements are by nature inherently uncertain, and actual results may differ materially as a result of many factors. All forward-looking statements are based upon information available to Builders FirstSource, Inc. on the date this release was submitted. Builders FirstSource, Inc. undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Any forward-looking statements involve risks and uncertainties that could cause actual events or results to differ materially from the events or results described in the forward-looking statements, including risks or uncertainties related to the continuing COVID-19 pandemic, the Company’s growth strategies, including gaining market share and its digital strategies, or the Company’s revenues and operating results being highly dependent on, among other things, the homebuilding industry, lumber prices and the economy, including labor and supply shortages. Builders FirstSource, Inc. may not succeed in addressing these and other risks. Further information regarding factors that could affect our financial and other results can be found in the risk factors section of Builders FirstSource, Inc.’s most recent annual report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”) and in the other reports filed by the Company with the SEC. Consequently, all forward-looking statements in this release are qualified by the factors, risks and uncertainties contained therein.

Investor Contact
Michael Neese
SVP, Investor Relations
Builders FirstSource, Inc.
(214) 765-3804

Media Contact
ICR for Builders FirstSource, Inc.
bldr@icrinc.com

TORONTO, May 19, 2022 (GLOBE NEWSWIRE) -- Generation Mining Limited (“GenMining” or the “Company”) (TSX:GENM OTCQB:GENMF) is pleased to announce that the Public Hearings conducted by the Joint Review Panel (the “Panel”) on the Environmental Impact Statement (“EIS”) of the Company’s Marathon Palladium-Copper Project (“Project”) have concluded today.

The Panel was established because the Project requires environmental assessment approvals from both federal and provincial governments. The Company filed its EIS with the Panel in early 2021 and subsequently responded to written information requests from the Panel.

The Panel hearings started on March 14, 2022. The hearing process required the Company to outline and explain the key elements of the Project as outlined in the EIS and answer questions from participants. The process allowed for participation by government agencies, non-government organizations, local and regional communities, and Indigenous groups. For example, the Biigtigong Nishnaabeg First Nation and the Town of Marathon, the two most proximal communities, extensively participated in the Panel hearing process.

Drew Anwyll, the Company’s Chief Operating Officer and witness panel Chair in the Panel hearings said, “the Joint Review Panel process is among the highest standard of environmental assessment review in Canada. The Project’s EIS and other evidence were subject to a rigorous review by the Panel and more than 50 participants. We welcomed this review and provided expert evidence that we believe demonstrates that the Project’s time has come. Our EIS concludes that the Project can be executed without significant adverse effects on the environment. The Project will also contribute to the prosperity of the local communities and region. Once in production, the Project will produce critical minerals from a sustainable and geopolitically stable jurisdiction for the benefit of local communities, Ontario and Canada.”

The Company would like to thank all individuals and groups who participated in the hearings and would specifically like to acknowledge the two communities closest to the Project: the Town of Marathon, who were strong supporters of the Project, and the Biigtigong Nishnaabeg First Nation community who consistently balanced the potential Project-related benefits for their community and the environmental protection of their asserted exclusive Aboriginal title lands.

Having completed the hearings, the Panel will complete and publicly release a recommendation report within 90 days. The report will document the Panel’s conclusion and recommendations on the Project’s EIS. This will form the recommendation to Canada's Minister of the Environment and Climate Change, and Ontario’s Minister of the Environment, Conservation and Parks, on whether the project should proceed.   Once the report is published, the federal and provincial Ministers will make the final approval decision on the Project’s environmental assessment within 120 days, which is necessary for the Project to proceed.   If the Project receives approval, it is anticipated the key permits will be progressed to allow for the pre-construction to commence in the first quarter of 2023.

Drew Anwyll, Chief Operating Officer will give a brief presentation and be available to answer questions tomorrow Friday, May 20, 2022 at 9:30 AM Eastern Time (US & Canada). To register for the event, click here https://my.6ix.com/rCEm6Ct8.

About the Company
GenMining’s focus is the development of its 100%-owned Marathon Project, a large undeveloped palladium-copper deposit in Northwestern Ontario. The Company released the results of the Feasibility Study on March 3, 2021 and published the NI43-101 Technical Report dated March 25, 2021. The Marathon property covers a land package of approximately 22,000 hectares, or 220 square kilometres.

The Feasibility Study in respect of the Marathon Palladium Copper Project estimated that at US$1725/oz palladium, and US$3.20/lb copper, Marathon’s Net Present Value (at 6% discount rate) is approximately C$1.07 billion with a payback of 2.3 years and an Internal Rate of Return of 30%. Up front capital costs were estimated at C$665 million, net of equipment financing, and pre-completion operating costs and revenues. The mine would produce an estimated 245,000 palladium equivalent ounces per year over a 13-year mine life at an All-In Sustaining Cost of US$809 per palladium-equivalent ounce. For more information, please review the detailed Feasibility Study dated March 25, 2021, filed under the Company’s profile at www.sedar.com.

Qualified Person
The scientific and technical content of this news release was reviewed, verified, and approved by Drew Anwyll, P.Eng., M.Eng, Chief Operating Officer of the Company, and a Qualified Person as defined by Canadian Securities Administrators National Instrument 43-101 - Standards of Disclosure for Mineral Projects.

For further information please contact:
Jamie Levy
President and Chief Executive Officer
(416) 640-2934 (O)
(416) 567-2440 (M)
jlevy@genmining.com

Ann Wilkinson
Vice President, Investor Relations
(416) 640-3954 (O)
(416) 357-5511 (M)
awilkinson@genmining.com

Forward-Looking Information
This news release contains certain forward-looking information and forward-looking statements, as defined in applicable securities laws (collectively referred to herein as "forward-looking statements"). Forward-looking statements reflect current expectations or beliefs regarding future events or the Company’s future performance. All statements other than statements of historical fact are forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "continues", "forecasts", "Projects", "predicts", "intends", "anticipates", "targets" or "believes", or variations of, or the negatives of, such words and phrases or state that certain actions, events or results "may", "could", "would", "should", "might" or "will" be taken, occur or be achieved, including statements relating to the timing of permits and approvals, the timing for commencing pre-construction activities, the amount of funding required to execute the Company’s exploration, development and business plans related to the Marathon Project; and the financial returns from the Marathon Project. All forward-looking statements, including those herein are qualified by this cautionary statement.

Although the Company believes that the expectations expressed in such statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the statements. There are certain factors that could cause actual results to differ materially from those in the forward-looking information. These include commodity price volatility, continued availability of capital and financing, uncertainties involved in interpreting geological data, increases in costs, environmental compliance and changes in environmental legislation and regulation, the Company’s relationships with First Nations communities, exploration successes, and general economic, market or business conditions, as well as those risk factors set out in the Company’s annual information form for the year ended December 31, 2021, and in the continuous disclosure documents filed by the Company on SEDAR at www.sedar.com. Readers are cautioned that the foregoing list of factors is not exhaustive of the factors that may affect forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements in this news release speak only as of the date of this news release or as of the date or dates specified in such statements.

Forward-looking statements are based on a number of assumptions which may prove to be incorrect, including, but not limited to, assumptions relating to: the availability of financing for the Company’s operations; operating and capital costs; results of operations; the mine development and production schedule and related costs; the supply and demand for, and the level and volatility of commodity prices; timing of the receipt of regulatory and governmental approvals for development Projects and other operations; the accuracy of Mineral Reserve and Mineral Resource Estimates, production estimates and capital and operating cost estimates; and general business and economic conditions.

Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking information. For more information on the Company, investors are encouraged to review the Company’s public filings on SEDAR at www.sedar.com. The Company disclaims any intention or obligation to update or revise any forward- looking information, whether as a result of new information, future events or otherwise, other than as required by law.