Barnes Joins the Ellen MacArthur Foundation’s Global Network

BRISTOL, Conn. –Barnes Team Inc. (NYSE: B) these days announced that it has grow to be a Member of the Ellen MacArthur Foundation’s Community to aid accelerate the changeover to a round financial system. The Network brings with each other organizations, innovators, universities, and considered leaders to generate world wide systemic alter.

“We are happy to be a part of a fully commited team of like-minded companies targeted on developing a circular overall economy,” reported Julie K. Streich, Senior Vice President, Finance and Chief Monetary Officer and Interim Chief Government Officer of Barnes. “Joining the Ellen MacArthur Foundation’s Network is an additional critical action in our environmental, social, and governance journey, letting Barnes to function with other ahead-imagining leaders to generate improvements that in the end help our overall economy, local weather, and society.”

Patrick Hurley, Senior Vice President and Chief Technological innovation Officer of Barnes, said, “the Ellen MacArthur Foundation is a wonderful platform to more our initiatives in creating impressive goods and technologies to push a circular economy. It aligns with our inside targets to lessen pollution and squander and will permit Barnes to collaborate with other foremost corporations with the very same eyesight in joint study and advancement for social and environmental positive aspects.”

In 2020, Barnes recognized environmental targets for 2025 – specific ambitions for decreasing the vitality and drinking water we use and the squander we generate against a 2019 baseline – on a normalized foundation. As a Corporation, we will work to reduce the electricity we use in our factories – as calculated in carbon dioxide equivalents (CO2e) – by 15%, the total of water we use by 20%, and the volume of industrial approach waste we generate from our manufacturing functions by 15%.

Barnes is happy to be a key participant in the Electronic Watermarks Initiative HolyGrail 2. driven by Goal – European Manufacturers Association, powered by the Alliance to Conclusion Plastic Squander. HolyGrail is a collaborative exertion intended to clear up a person of the most major obstacles experiencing plastic recycling – inefficient sorting at recycling facilities. Our Molding Solutions strategic business unit has been energetic in this initiative given that HolyGrail 2.0’s inception in 2020, underneath the leadership of The Procter & Gamble Corporation and facilitated by the Ellen MacArthur Basis.

Molding Solutions carries on to strengthen its partnerships to develop new manufacturing technologies with a sustainability concentration in collaboration with top consortiums these types of as The Alliance to Conclusion Plastic Waste and The Ellen MacArthur Foundation. It is also actively aligning its processing technological know-how with main producers of new sustainable plastic components, these types of as post-customer recyclable, bio-based mostly, and even bio-degradable compositions, to produce items produced of far more sustainable products that execute as well as or far better than items designed of latest fossil-based polymers. Barnes has strategically partnered with global exploration centers, universities, solution designers, and finish-of-everyday living converters to produce injection molding know-how that minimizes squander and maximizes user overall performance, offering safe and sound and responsible remedies.

About Barnes

Barnes Team Inc. (NYSE: B) pioneers systems to help improve the earth. Leveraging world-class production capabilities and current market-primary engineering, we create superior procedures, automation solutions and used technologies for industries ranging from professional medical and private treatment to mobility, packaging and aerospace. Shoppers advantage from our integrated components and program abilities concentrated on strengthening the processing, manage, service and sustainability of engineered plastics, manufacturing unit automation systems and precision elements. For a lot more information and facts, be sure to visit www.barnesgroupinc.com.

About Molding Methods

Molding Alternatives is a strategic organization device in just Barnes, which incorporates major plastic injection molding brands for tooling, hot runners, and controls: Synventive®, Thermoplay®, männer™, FOBOHA®, Priamus®, and Gammaflux®. Molding Solutions’ in depth portfolio of highly developed systems and worth-extra services provides finest-in-class answers exactly where demanding specs are essential by international shoppers throughout a wide spectrum of purposes. For extra details, you should visit our Molding Options website web site.

About The Ellen MacArthur Foundation

The Ellen MacArthur Basis is an global charity that develops and encourages the round financial state in buy to tackle some of the most significant challenges of our time, this sort of as weather modify, biodiversity decline, squander, and pollution. The Basis will work with its Community of personal and community sector conclusion-makers, as very well as academia, to develop capability, discover collaborative options, and structure and establish round financial state initiatives and options. Increasingly centered on renewable strength, a circular financial system is pushed by structure to eradicate squander, flow into solutions and supplies, and regenerate nature, to create resilience and prosperity for small business, the setting, and society. For far more info, please visit https://ellenmacarthurfoundation.org/.

Classification: General