Barnes Joins the Ellen MacArthur Foundation’s Global Network
July 12 2022 - 7:30AM
Business Wire
Barnes Group Inc. (NYSE: B) today announced that it has become a
Member of the Ellen MacArthur Foundation’s Network to help
accelerate the transition to a circular economy. The Network brings
together businesses, innovators, universities, and thought leaders
to drive global systemic change.
“We are pleased to join a committed group of like-minded
organizations focused on creating a circular economy,” said Julie
K. Streich, Senior Vice President, Finance and Chief Financial
Officer and Interim Chief Executive Officer of Barnes. “Joining the
Ellen MacArthur Foundation’s Network is another important step in
our environmental, social, and governance journey, allowing Barnes
to work with other forward-thinking leaders to drive innovations
that ultimately support our economy, climate, and society.”
Patrick Hurley, Senior Vice President and Chief Technology
Officer of Barnes, stated, “the Ellen MacArthur Foundation is a
great platform to further our efforts in developing innovative
products and technologies to drive a circular economy. It aligns
with our internal targets to reduce pollution and waste and will
enable Barnes to collaborate with other leading companies with the
same vision in joint research and development for social and
environmental benefits.”
In 2020, Barnes established environmental targets for 2025 –
specific goals for reducing the energy and water we use and the
waste we generate against a 2019 baseline – on a normalized basis.
As a Company, we will work to reduce the energy we use in our
factories – as measured in carbon dioxide equivalents (CO2e) – by
15%, the amount of water we use by 20%, and the amount of
industrial process waste we generate from our manufacturing
operations by 15%.
Barnes is proud to be a key participant in the Digital
Watermarks Initiative HolyGrail 2.0 driven by AIM – European Brands
Association, powered by the Alliance to End Plastic Waste.
HolyGrail is a collaborative effort designed to solve one of the
most significant obstacles facing plastic recycling – inefficient
sorting at recycling facilities. Our Molding Solutions strategic
business unit has been active in this initiative since HolyGrail
2.0’s inception in 2020, under the leadership of The Procter &
Gamble Company and facilitated by the Ellen MacArthur
Foundation.
Molding Solutions continues to strengthen its partnerships to
develop new manufacturing technologies with a sustainability focus
in collaboration with leading consortiums such as The Alliance to
End Plastic Waste and The Ellen MacArthur Foundation. It is also
actively aligning its processing technology with leading producers
of new sustainable plastic materials, such as post-consumer
recyclable, bio-based, and even bio-degradable compositions, to
produce products made of more sustainable materials that perform as
well as or better than products made of current fossil-based
polymers. Barnes has strategically partnered with global research
centers, universities, product designers, and end-of-life
converters to develop injection molding technology that minimizes
waste and maximizes user performance, delivering safe and reliable
solutions.
About Barnes
Barnes Group Inc. (NYSE: B) pioneers technologies to help change
the world. Leveraging world-class manufacturing capabilities and
market-leading engineering, we develop advanced processes,
automation solutions and applied technologies for industries
ranging from medical and personal care to mobility, packaging and
aerospace. Customers benefit from our integrated hardware and
software capabilities focused on improving the processing, control,
service and sustainability of engineered plastics, factory
automation technologies and precision components. For more
information, please visit www.barnesgroupinc.com.
About Molding Solutions
Molding Solutions is a strategic business unit within Barnes,
which includes leading plastic injection molding brands for
tooling, hot runners, and controls: Synventive®, Thermoplay®,
männer™, FOBOHA®, Priamus®, and Gammaflux®. Molding Solutions’
comprehensive portfolio of advanced technologies and value-added
services delivers best-in-class solutions where demanding
specifications are required by global customers across a broad
spectrum of applications. For more information, please visit our
Molding Solutions web page.
About The Ellen MacArthur Foundation
The Ellen MacArthur Foundation is an international charity that
develops and promotes the circular economy in order to tackle some
of the biggest challenges of our time, such as climate change,
biodiversity loss, waste, and pollution. The Foundation works with
its Network of private and public sector decision-makers, as well
as academia, to build capacity, explore collaborative
opportunities, and design and develop circular economy initiatives
and solutions. Increasingly based on renewable energy, a circular
economy is driven by design to eliminate waste, circulate products
and materials, and regenerate nature, to create resilience and
prosperity for business, the environment, and society. For more
information, please visit
https://ellenmacarthurfoundation.org/.
Category: General
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