May 19, 2020

Seven global American corporations provide relief support to the Bahamas

Finance
Environment
Economy
humanitarian
Brittany Hill
4 min
Seven global American corporations provide relief support to the Bahamas

Following the destruction by Hurricane Dorian in late August 2019 seven American global corporations have shown support, providing finance and emergency supplies to those effected.

Over the last two-week leading global american companies such as, Walt Disney, Mastercard, Starbucks, Amazon, Coca-Cola, UPS and FedEx have committed to providing financial aid and transportation of emergency supplies to the Bahamas following the destruction caused by the category five hurricane that lasted 48 hours. Areas most effected by Hurricane Dorian included Abaco and Grand Bahama.


Walt Disney

Early last week, Walt Disney committed to providing US$1mn to non-profit relief agencies undertaking the recovery and rebuilding efforts, as well as providing supplies of food and basic construction materials.

“The Walt Disney Company stands with the people of The Bahamas affected by Hurricane Dorian,” said Robert A. Iger, Chairman and Chief Executive Officer, The Walt Disney Company.  “We hope our $1 million donation will provide much-needed relief and help our neighbors, colleagues, and all those impacted by this devastating storm begin the long process of recovery as they work to put their lives and communities back together.”

Walt Disney will continue to monitor Hurricane Dorian and coordinate with relief organization to further provide help and rapid response to affected areas.

Mastercard

Alongside Walt Disney, early last week, Mastercard announced its commitments to donate US$200,000 to the American Red Cross and will partner with other organizations to expand ad delivery.

Additionally, Mastercard alongside its issuing banks will waiver interchange related donations to a variety of charities including: Americares, American Red Cross, Doctors Without Borders, International Rescue Committee, Mercy Corps, Save the Children, World Vision and World Food Program USA.

Starbucks

Late last week, global coffee company Starbucks contributed US$50,000 to support the disaster response efforts in the Bahamas, providing food, shelter and relief supplies via American Red Cross. Customers in the Bahamas who wish to donate can do so via the Starbucks app or instore of which US$25,000 will be matched by Starbucks Bahamas and John Bull Group.

Coca-Cola

Via its Foundation last week, Coca-Cola has donated US$400,000 to the Salvation Army for disaster relief efforts in the Bahamas. In addition to its financial donations, Coca-Cola has donated bottles of water, volunteers, power generators and other essential items to community centers, hospitals and local community organizations.

“We are concerned about the communities impacted by Hurricane Dorian,” said Helen Smith Price, president, The Coca-Cola Foundation. “We are using our resources to provide immediate relief and recovery assistance to those impacted by the storm. As a long-time partner of The Salvation Army, we are proud to support their critical relief efforts.”

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Amazon

In collaboration with the International Federation of Red Cross and Red Crescent Societies, Mercy Corps and Grand Bahama Disaster Relief Foundation, Amazon have mobilized two air flights with tens of thousands of relief items. Customers can make item donations via the company’s new wish list – created by non-profit partners – and can make cash donations direct via the website or Alexa. To date US$15mn has been donated by employees and customers to aid relief efforts.

“We are deeply saddened by the news that continues to come out of the Bahamas following this unprecedented hurricane,” said Dave Clark, Amazon SVP, Worldwide Operations. “Amazon is committed to supporting communities impacted by natural disasters, and we hope our donation deliveries – both Amazon-donated items and items donated by our generous customers – provide needed relief to Bahamians most impacted by this storm and support the extremely difficult work of our trusted non-profit partners. We are continuing to learn more about the disaster and areas where we can help.”

UPS

This week UPS announced its commitments providing US$1mn towards the relief efforts as well as delivering 20 metric tons of emergency supplies provided by UNICEF and the International Federation of Red Cross and Red Crescent Societies (IFRC).

“It’s times like this when we are most grateful and honored to support the relief organizations and first responders helping to save lives and serve communities when they need us most,” said Eduardo Martinez, UPS chief diversity and inclusion officer and president of The UPS Foundation. “These efforts are just the beginning of our commitment to the long-term recovery of the impacted areas.”

To find out more about UPS’ efforts in the Bahamas visit Supply Chain Digital

FedEx

Alongside UPS, FedEx has teamed up with Direct Relief, International Medical Corps, Team Rubicon and Water Mission to provide US$500,000 worth of lifesaving supplies to hard-hit communities in the Bahamas following Hurricane Dorian.

“Many of the people in these hard-hit communities have lost everything and are in desperate need of help. On behalf of the more than 450,000 FedEx team members around the world, we are proud to be able to use our global network to provide these lifesaving resources,” said Raj Subramaniam, president and COO, FedEx Corporation.

To find out more about FedEx’s efforts in the Bahamas visit Supply Chain Digital

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Jun 10, 2021

G7 Summit guide: What it is and what leaders hope to achieve

G7
G7Summit
Sustainability
EU
3 min
Business Chief delves into what the G7 is and represents and what its 2021 summit hopes to achieve

Unless you’ve had your head buried in the sand, you’ll have seen the term ‘G7’ plastered all over the Internet this week. We’re going to give you the skinny on exactly what the G7 is and what its purpose on this planet is ─ and whether it’s a good or a bad collaboration. 

 

Who are the G7?

The Group of Seven, or ‘G7’, may sound like a collective of pirate lords from a certain Disney smash-hit, but in reality, it’s a group of the world’s seven largest “advanced” economies ─ the powerhouses of the world, if you like. 

The merry band comprises:

  • Canada
  • France
  • Germany
  • Italy
  • Japan
  • The United Kingdom
  • The United States

Historically, Russia was a member of the then-called ‘G8’ but found itself excluded after their ever-so-slightly illegal takeover of Crimea back in 2014.

 

Since 1977, the European Union has also been involved in some capacity with the G7 Summit. The Union is not recognised as an official member, but gradually, as with all Europe-linked affairs, the Union has integrated itself into the conversation and is now included in all political discussions on the annual summit agenda. 

 

When was the ‘G’ formed?

Back in 1975, when the world was reeling from its very first oil shock and the subsequent financial fallout that came with it, the heads of state and government from six of the leading industrial countries had a face-to-face meeting at the Chateau de Rambouillet to discuss the global economy, its trajectory, and what they could do to address the economic turmoil that reared its ugly head throughout the 70s. 

 

Why does the G7 exist?

At this very first summit ─ the ‘G6’ summit ─, the leaders adopted a 15-point communiqué, the Declaration of Rambouillet, and agreed to continuously meet once a year moving forward to address the problems of the day, with a rotating Presidency. One year later, Canada was welcomed into the fold, and the ‘G6’ became seven and has remained so ever since ─ Russia’s inclusion and exclusion not counted. 

 

The group, as previously mentioned, was born in the looming shadow of a financial crisis, but its purpose is more significant than just economics. When leaders from the group meet, they discuss and exchange ideas on a broad range of issues, including injustice around the world, geopolitical matters, security, and sustainability. 

 

It’s worth noting that, while the G7 may be made up of mighty nations, the bloc is an informal one. So, although it is considered an important annual event, declarations made during the summit are not legally binding. That said, they are still very influential and worth taking note of because it indicates the ambitions and outlines the initiatives of these particularly prominent leading nations. 

 

Where is the 2021 G7 summit?

This year, the summit will be held in the United Kingdom deep in the southwest of England, with Prime Minister Boris Johnson hosting his contemporaries in the quaint Cornish resort of Carbis Bay near St Ives in Cornwall. 
 

What will be discussed this year? 

After almost two years of remote communication, this will be the first in-person G7 summit since the novel Coronavirus first took hold of the globe, and Britain wants “leaders to seize the opportunity to build back better from coronavirus, uniting to make the future fairer, greener, and more prosperous.”

 

The three-day summit, running from Friday to Sunday, will see the seven leaders discussing a whole host of shared challenges, ranging from the pandemic and vaccine development and distribution to the ongoing global fight against climate change through the implementation of sustainable norms and values. 

 

According to the UK government, the attendees will also be taking a look at “ensuring that people everywhere can benefit from open trade, technological change, and scientific discovery.” 

 

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