ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Advancing Our 2030 Agenda by Responsibly Sourcing Promotional Items

By: 3BL Media

SOURCE: VMware

DESCRIPTION:

Meeting the needs of the present without compromising future generations is a challenge that every company must face. At VMware, that includes making purchasing decisions that align to our EPIC2 values and Environmental, Social and Governance (ESG) strategy.

We must strike a balance to protect our many stakeholders, including our customers, shareholders, employees and the planet. We are all responsible for achieving VMware’s 2030 Agenda and ESG goals together, which is why VMware is excited to partner with suppliers in a way that builds a more sustainable, equitable and secure future for all.

What VMware Is Doing

We recognize the importance of promotional items to our brand engagement, for multiple groups including customers, partners and employees. We also recognize that there is potential for significant waste from these purchases. We need to be stewards of the brand while minimizing impact to the planet. We are excited to announce that moving forward, we will only purchase sustainable and responsibly sourced promotional merchandise.

Some of our guiding principles moving forward include:

  • Avoiding wasteful purchasing and investing in promotional item alternatives, such as providing GlobalGiving vouchers and/or planting trees as part of our commitment to conserve, restore and plant 1 million trees by 2030 in support of the 1t.org mission
  • Allowing time to source sustainably with our preferred vendors—ethical companies whose tier 2 suppliers include B Corps, diverse businesses and vendors supporting 1% for the Planet
  • Sourcing locally and avoiding priority air shipping to avoid unnecessary carbon emissions

We define product categories as:

  • Textiles: 100% recycled materials or natural fibers (such as organic cotton, wool, bamboo, cork, etc.)
  • Drinkware: Stainless, aluminum, recycled plastic; no single use, no new plastic
  • Electronics: Responsible brand, long life, bioplastic when possible
  • Shipping Materials: No new plastic, recyclable, compostable

Today, the market for sustainable promotional items is growing rapidly but is still relatively small. We’re working with our suppliers to ensure that products are readily available. We are hopeful that the market will respond by embracing sustainability so that more companies choose this path. We must all embrace ESG and sustainability initiatives to ensure we do everything we can in the fight against climate change.

For more information, contact responsiblesourcing@vmware.com to learn more and see how you can get involved.

Footnotes:

1. Changing Markets Foundation. “Fossil Fashion: The hidden reliance of fast fashion on fossil fuels.” February 2021.
2. House of Commons Environmental Audit Committee. “Fixing Fashion: clothing consumption and sustainability.” February 5, 2019.
3. World Wildlife Fund. “The Impact of a Cotton T-Shirt.” January 16, 2013.
4. Chemical & Engineering News. “Cutting Out Textile Pollution.” Alex Scott. October 19, 2015.
5. United States Environmental Protection Agency. “Containers and Packaging: Product-Specific Data.”
6. Plastic Oceans International. “The Facts.”
7. United Nations. “The Sustainable Development Goals Report.” 2021.
8. United States Environmental Protection Agency. “National Overview: Facts and Figures on Materials, Wastes and Recycling.”
9. Plastic Oceans International. “The Facts.”

Tweet me: .@VMware is committing to purchasing sustainable and responsibly sourced promotional merchandise. #VMware2030 #ESG #sustainability #responsiblesourcing https://bit.ly/31IvkNp

KEYWORDS: VMware, NYSE: VMW

sustainable sourcing infographic

Recent Quotes

View More
Symbol Price Change (%)
AMZN  233.88
+0.66 (0.28%)
AAPL  283.10
+4.25 (1.52%)
AMD  219.76
+2.23 (1.03%)
BAC  53.24
-0.41 (-0.76%)
GOOG  315.12
-5.00 (-1.56%)
META  640.87
-7.08 (-1.09%)
MSFT  486.74
-5.27 (-1.07%)
NVDA  179.92
+2.92 (1.65%)
ORCL  200.94
-1.01 (-0.50%)
TSLA  430.14
-0.03 (-0.01%)
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.