BRISTOL, Conn. –Barnes Group Inc. (NYSE: B) nowadays introduced that it has develop into a Member of the Ellen MacArthur Foundation’s Community to support accelerate the transition to a round overall economy. The Community brings collectively enterprises, innovators, universities, and believed leaders to travel worldwide systemic change.
“We are delighted to be a part of a dedicated team of like-minded businesses focused on building a round economic climate,” mentioned Julie K. Streich, Senior Vice President, Finance and Chief Financial Officer and Interim Chief Executive Officer of Barnes. “Joining the Ellen MacArthur Foundation’s Community is yet another important action in our environmental, social, and governance journey, permitting Barnes to do the job with other ahead-imagining leaders to travel improvements that in the end guidance our overall economy, weather, and modern society.”
Patrick Hurley, Senior Vice President and Main Engineering Officer of Barnes, mentioned, “the Ellen MacArthur Foundation is a terrific system to even more our attempts in acquiring impressive products and solutions and systems to push a round economic climate. It aligns with our inside targets to minimize air pollution and squander and will enable Barnes to collaborate with other top businesses with the exact eyesight in joint investigate and advancement for social and environmental advantages.”
In 2020, Barnes set up environmental targets for 2025 – unique targets for cutting down the electrical power and h2o we use and the squander we deliver towards a 2019 baseline – on a normalized basis. As a Corporation, we will do the job to decrease the power we use in our factories – as measured in carbon dioxide equivalents (CO2e) – by 15%, the amount of h2o we use by 20%, and the volume of industrial process waste we generate from our manufacturing functions by 15%.
Barnes is proud to be a important participant in the Electronic Watermarks Initiative HolyGrail 2. pushed by Goal – European Models Association, run by the Alliance to Conclusion Plastic Waste. HolyGrail is a collaborative exertion made to resolve a person of the most substantial obstacles experiencing plastic recycling – inefficient sorting at recycling facilities. Our Molding Alternatives strategic enterprise unit has been lively in this initiative since HolyGrail 2.0’s inception in 2020, less than the management of The Procter & Gamble Firm and facilitated by the Ellen MacArthur Basis.
Molding Options proceeds to bolster its partnerships to develop new producing systems with a sustainability concentration in collaboration with major consortiums these as The Alliance to Finish Plastic Waste and The Ellen MacArthur Basis. It is also actively aligning its processing technological innovation with major producers of new sustainable plastic components, these kinds of as submit-customer recyclable, bio-primarily based, and even bio-degradable compositions, to generate products made of much more sustainable products that execute as very well as or better than merchandise produced of present fossil-based polymers. Barnes has strategically partnered with world wide investigate facilities, universities, item designers, and conclusion-of-daily life converters to establish injection molding technological know-how that minimizes squander and maximizes person overall performance, providing risk-free and responsible methods.
Barnes Team Inc. (NYSE: B) pioneers technologies to assistance improve the entire world. Leveraging planet-course producing abilities and market place-primary engineering, we build innovative procedures, automation solutions and utilized technologies for industries ranging from clinical and particular treatment to mobility, packaging and aerospace. Buyers gain from our built-in components and application abilities targeted on improving upon the processing, control, company and sustainability of engineered plastics, factory automation technologies and precision factors. For extra information, remember to visit www.barnesgroupinc.com.
About Molding Answers
Molding Methods is a strategic organization device inside Barnes, which incorporates top plastic injection molding manufacturers for tooling, warm runners, and controls: Synventive®, Thermoplay®, männer™, FOBOHA®, Priamus®, and Gammaflux®. Molding Solutions’ thorough portfolio of sophisticated technologies and price-added solutions delivers best-in-class options wherever demanding specifications are demanded by world wide consumers throughout a broad spectrum of programs. For additional facts, be sure to stop by our Molding Answers web web page.
About The Ellen MacArthur Foundation
The Ellen MacArthur Basis is an global charity that develops and promotes the circular economic climate in buy to tackle some of the greatest worries of our time, such as weather improve, biodiversity reduction, squander, and pollution. The Basis will work with its Community of private and community sector decision-makers, as perfectly as academia, to develop ability, check out collaborative prospects, and layout and create circular financial state initiatives and answers. Significantly based on renewable electricity, a circular financial state is pushed by structure to do away with waste, circulate merchandise and materials, and regenerate character, to develop resilience and prosperity for company, the surroundings, and culture. For much more facts, please visit https://ellenmacarthurfoundation.org/.