Technology

Rinchem Achieves Science-Based Targets Approval, Reinforcing Commitment to Sustainability

Published

2 weeks ago

September 4, 2024

ALBUQUERQUE, N.M., Sept. 4, 2024 /PRNewswire/ — Rinchem Company, LLC, a global leader in chemical management solutions, is proud to announce the approval of its science-based targets by the Science Based Targets initiative (SBTi). This significant milestone marks a crucial step in Rinchem’s ongoing journey toward sustainability and underscores the company’s commitment to reducing its greenhouse gas (GHG) emissions in alignment with the Paris Agreement’s goal of limiting global warming to 1.5°C above pre-industrial levels.

Rinchem’s Approved Science-Based Targets:

Rinchem commits to reducing absolute scope 1 and 2 GHG emissions by 54.6% by 2033 from a 2022 base year. This ambitious target reflects a significant reduction in emissions from Rinchem’s operations, including energy use and transportation.The company is also committed to reducing absolute scope 3 GHG emissions from upstream transportation and distribution by 32.5% within the same timeframe. This acknowledges the impact of Rinchem’s supply chain and demonstrates its commitment to working with partners to achieve sustainability goals throughout the value chain.

Overall Net-Zero Target:
In line with its commitment to long-term sustainability, Rinchem also reaffirms its commitment to reaching net-zero greenhouse gas emissions across its value chain by 2050. While these long-term targets are still under development, achieving SBTi approval for its near-term targets is a critical first step in this journey. These science-based targets demonstrate Rinchem’s proactive approach to addressing climate change and its leadership in environmental responsibility within the chemical management industry.

“We are honored to have our near-term targets officially approved by the Science Based Targets initiative, as it reflects our deep commitment to sustainability and responsible business practices,” said Melody Moore, Rinchem’s Director of Quality and EH&S. “These ambitious targets are not just about reducing our environmental impact—they are about leading our industry toward a more sustainable future.”

Rinchem’s Strategic Approach to Sustainability
Rinchem’s participation in the SBTi is a key element of its broader sustainability strategy, which integrates environmental stewardship into every aspect of its operations. The company’s approved near-term targets will drive significant reductions in GHG emissions across its global operations, particularly in energy-intensive areas such as transportation and distribution.

“We recognize that the chemical management industry has a crucial role to play in addressing climate change, and we are committed to leading by example,” said Lorena Hutton, CAO of Rinchem. “These targets challenge us to innovate and collaborate with our partners to achieve meaningful results.”

Steps Toward Science-Based Net-Zero Targets
Rinchem is also taking the first steps towards developing a science-based net-zero strategy. The company is actively working to establish long-term targets aligned with the SBTi’s net-zero criteria, which will further solidify its commitment to achieving net-zero greenhouse gas emissions across its value chain by 2050. While these long-term targets are in development, Rinchem’s current focus remains on meeting its near-term science-based targets as part of its ongoing efforts to contribute to a more sustainable future.

Supporting Customers and Enhancing Resilience
Rinchem’s science-based targets are designed to meet regulatory requirements while also supporting its customers’ sustainability goals. As industries such as semiconductors, pharmaceuticals, and solar continue to prioritize environmental responsibility, Rinchem’s leadership in sustainability strengthens its position as a trusted partner. “By reducing our emissions, we are directly supporting our customers in achieving their own sustainability objectives,” said Hutton.

Comprehensive Sustainability Initiatives
In addition to its SBTi-approved targets, Rinchem’s sustainability strategy includes several key initiatives aimed at further reducing its environmental footprint:

Energy Efficiency Improvements: Implementing energy-saving technologies and practices to reduce energy consumption across operations.Renewable Energy: Researching the use of renewable energy sources to power Rinchem’s facilities and operations.Waste Reduction and Recycling: Implementing programs to minimize waste and maximize recycling efforts throughout the company’s supply chain.

By achieving SBTi approval for its near-term targets, Rinchem joins a growing number of companies that are taking bold steps to address climate change. This milestone reinforces Rinchem’s position as a leader in the specialty chemicals industry and demonstrates its unwavering commitment to creating a sustainable future.

About Rinchem
Rinchem Company, LLC, headquartered in Albuquerque, New Mexico, is the largest network of chemical and gas distribution centers globally, with over four billion pounds of chemicals and gases safely managed annually. Rinchem sets the standard in creating and managing safe and efficient supply chains for high-purity, pre-packaged chemicals and gases. With four decades of expertise, industry thought leadership, and logistics transparency, Rinchem provides the most reliable, efficient, and cost-effective solutions for its customers. The primary industries that Rinchem serves include pharmaceuticals, biotech, semiconductors, and solar. For more information, visit Rinchem.com and follow Rinchem on Facebook or LinkedIn.

CONTACT:
Lorena Hutton
SVP, Chief Administrative
Officer& General Counsel
(505) 345-3655

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SOURCE Rinchem

Technology

Broadridge’s Securities-based Lending Capabilities and Wealth Lending Network Now Integrated with Morningstar Advisor Workstation

Published

54 mins ago

September 15, 2024

The collaboration enables independent advisors to deliver holistic advisory services across the full balance sheet with integrated SBL capabilities to see the borrowing power for portfolios.

NEW YORK, Sept. 15, 2024 /PRNewswire/ — Global fintech leader Broadridge Financial Solutions, Inc. (NYSE:BR) announces the securities-based lending (SBL) tools in its Wealth Lending Network (WLN) marketplace are now integrated in Morningstar Advisor Workstation. Extending beyond Workstation’s core research, investment planning, and portfolio analysis capabilities, independent advisors now have seamless access to lending solutions that help them support broader client financial goals.

The integration offers financial advisors the ability to determine their clients’ SBL borrowing potential and connect with WLN partner banks to support their clients’ lending needs. Advisor Workstation’s U.S. footprint of more than 150,000 advisors will now be offered the opportunity to seamlessly connect to SBL services from Broadridge through their single sign on, as well as to access Broadridge’s advanced predictive prospecting, sales and educational capabilities via the Wealth Lending Network platform.

“Today’s advisors recognize the importance of offering expanded services to add value for their clients. As highlighted in Morningstar’s 2024 Voice of the Advisor Survey, advisors who offered a broader range of services were more confident in their ability to support their client with meaningful financial plans” said Vimal Vel, chief product officer for Enterprise Solutions at Morningstar. “Our collaboration with Broadridge equips advisors with a tool for advanced lending options, enabling them to provide a more comprehensive suite of services and elevate the industry standard for the value advisors offer clients.”

“Our mission at Broadridge is to provide trusted expertise and transformative technology to help clients and the financial services industry operate, innovate, and grow,” said Mike Alexander, President of Broadridge Wealth Management. “This collaboration helps advisors respond to the growing demand for flexible, simplified, and integrated financial solutions, including borrowing against their securities portfolio, allowing them to better align with their clients’ evolving goals, and provide expanded service offerings that strengthen their client relationships.”

The WLN enables wealth managers of all sizes to offer SBL services to their clients using Broadridge’s end-to-end, fully digitized SBL technology platform. It extends current lending models, enabling financial institutions to offer SBL to clients on a turnkey basis. Serving RIAs, independent broker-dealers, non-bank affiliated broker dealers, and wealth management firms, the WLN will allow advisors using the Morningstar Advisor Workstation to retain AUM when client liquidity needs arise, reduce competitive risk from wire houses and banks, and offer holistic advice to their clients.

Clients of financial advisors using WLN and Morningstar Advisor Workstation are expected to directly benefit from having an alternative to liquidating investment portfolios. This can help them to preserve their investment strategy, avoid triggering potential capital gains taxes associated with selling investments, and enjoy the convenience of a single provider for both assets and liabilities. They also gain the flexibility of an evergreen credit facility for ongoing financial needs.

About Broadridge

Broadridge Financial Solutions (NYSE: BR), is a global technology leader with the trusted expertise and transformative technology to help clients and the financial services industry operate, innovate, and grow. We power investing, governance, and communications for our clients – driving operational resiliency, elevating business performance, and transforming investor experiences.

Our technology and operations platforms underpin the daily trading of more than $10 trillion of equities, fixed income and other securities globally. A certified Great Place to Work®, Broadridge is part of the S&P 500® Index, employing over 14,000 associates in 21 countries. For more information about us, please visit www.broadridge.com.

About Morningstar, Inc.

Morningstar, Inc. is a leading provider of independent investment insights in North America, Europe, Australia, and Asia. The Company offers an extensive line of products and solutions that serve a wide range of market participants, including individual and institutional investors in public and private capital markets, financial advisors and wealth managers, asset managers, retirement plan providers and sponsors, and issuers of fixed-income securities. Morningstar provides data and research insights on a wide range of investment offerings, including managed investment products, publicly listed companies, private capital markets, debt securities, and real-time global market data. Morningstar also offers investment management services through its investment advisory subsidiaries, with approximately $316 billion in AUMA as of June 30, 2024. The Company operates through wholly-owned subsidiaries in 32 countries. For more information, visit www.morningstar.com/company. Follow Morningstar on X (formerly known as Twitter) @MorningstarInc.

Media Contacts:

Broadridge:
Matthew Luongo
Prosek Partners
+1 646-818-9279
mluongo@prosek.com

Morningstar:
Michael Claussen
+1 312 696-6037
newsroom@morningstar.com

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SOURCE Broadridge Financial Solutions, Inc.

Technology

Apple’s Iconic Timeline Comes to Life in Stunning Motion Graphics by WideView

Published

54 mins ago

September 15, 2024

WideView, a leading motion graphics company, proudly announces the release of its latest project, a captivating motion graphics video that chronicles Apple’s evolution from the groundbreaking Macintosh to the revolutionary iPhone. This visually stunning video takes viewers on an immersive journey through Apple’s most iconic milestones, highlighting the products, innovations, and visionary leadership that transformed the tech industry.

NEW YORK, Sept. 15, 2024 /PRNewswire-PRWeb/ — WideView, a leading motion graphics company, proudly announces the release of its latest project, a captivating motion graphics video that chronicles Apple’s evolution from the groundbreaking Macintosh to the revolutionary iPhone. This visually stunning video takes viewers on an immersive journey through Apple’s most iconic milestones, highlighting the products, innovations, and visionary leadership that transformed the tech industry.

Using a combination of real ads, vintage content, and expertly crafted motion graphics, WideView’s video offers an engaging look at Apple’s rise story. The video features key moments such as the launch of the Macintosh in 1984, the introduction of the iPod, and the “Project Purple” for the game-changing iPhone in 2007. Through creative storytelling and vibrant visuals, WideView captures the essence of Apple’s innovative spirit and showcases the design excellence that has made the company a global leader.

“More than just an historical animation, we aimed to evoke the nostalgia and excitement that Apple’s products have generated to us over the decades,” said Emmanuel, Creative Director of WideView. “Our team meticulously crafted this video to resonate with Apple fans, tech enthusiasts, and creatives alike, while paying tribute to the brand’s incredible journey.”

Key Highlights:

An immersive look at Apple’s major product launches, from the Apple II to the iPhone.Motion graphics enhanced with real ads and vintage content to bring Apple’s evolution to life.A tribute to visionary leadership, from Steve Jobs to Apple’s impact on modern technology.A nostalgic yet forward-thinking video that celebrates Apple’s commitment to innovation and design.

WideView’s motion graphics video promises to captivate viewers by blending rich storytelling with high-quality design. It’s a must-watch for anyone curious about Apple’s history or fascinated by the role of technology in shaping our world.

The video is now live and available for viewing on WideView’s YouTube channel.

Watch Now: https://youtu.be/j9AWJc2EeWA

About WideView: WideView is a motion graphics agency with extensive experience creating animations for various brands. The agency focuses on storytelling through design to connect brands with audiences.

Media Contact

Brenda Caran, Wideview, 1 646-583-3404, hello@wideview.tv, https://wideview.tv/

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SOURCE Wideview

Technology

World’s 1st Flashlight Experience Store Kicks Off in Las Vegas

Published

5 hours ago

September 15, 2024

LAS VEGAS, Sept. 15, 2024 /CNW/ — Olight, a brand committed to becoming a global leader in mid-to-high-end flashlights, opened the world’s first flashlight experience store at Fashion Show Las Vegas. On the same day, it hosted a major new product launch event and a fan festival for its loyal customers.

A Retail Revolution

The store adopts an advanced digital retail model that seamlessly integrates online and offline channels. Leveraging cloud computing, big data, IoT, and other cutting-edge technologies, Olight has created a unified system for warehousing, logistics, supply chain management, and retail. This enhances operational efficiency and allows consumers to order online and pick up in-store, offering a more convenient and efficient shopping experience.

“Olight has consistently focused on the U.S. market and achieved outstanding results online. We want our first experience store to not only showcase our products but also serve as a bridge between the online and offline, connecting our brand with our customers,” said Mavis Xiao, CMO of Olight.

New Product Launches

Olight unveiled five new products at the event: Arkfeld Ultra, Baton Turbo, Perun 3, Sphere, and the Arkfeld Pro (Paw Edition). The Arkfeld Ultra uses a new aluminum material, making it one of the toughest and most scratch-resistant flashlights in the world. Olight also used this material to create a special gift for each audience member.

With the release of the Arkfeld Pro (Paw Edition), Olight announced an animal charity project in 13 countries, dedicated to supporting animal welfare for at least two years. For every Arkfeld Pro (Paw Edition) sold, Olight will donate $5 to local animal charities. This initiative aims to raise funds for animal protection and increase social awareness and action.

O-Fan Day: Celebrating the Community

O-Fan Day was a fan festival where Olight expressed its appreciation to the O-Fans, whom Olight believes are the driving force behind the brand’s growth. Olight held a fan award ceremony to recognize fans who have made outstanding contributions to supporting and promoting the brand. Over 200 O-Fans attended the festival, celebrating with Olight’s management, R&D teams, and more.

The Olight Fall Event 2024 was the brand’s most important event of the year. As a brand dedicated to establishing itself as a global leader in flashlights, Olight is bold in breaking the mold. This Fall Event demonstrated Olight’s determination to redefine the flashlight industry through innovation and to promote the development of the entire industry.

About Olight:

Olight is committed to becoming a global leader in mid-to-high-end flashlights and driving the industry forward. Its diverse product range caters to various scenarios, from everyday carry to outdoor adventures, and is available across Europe, the Americas, and beyond.

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SOURCE Olight Group Co.,Ltd