Newday Spotlight: Intel

This week’s Newday spotlight is Intel. Intel is working to keep the environment healthy through climate action and water conservation efforts. They serve as a leader for other companies, and have shown commitment to making the world a better place for future generations.

Intel (NASDAQ: INTC) has a long-standing commitment to corporate social responsibility. Their investments drive change in the areas of environmental sustainability, supply chain responsibility, social impact, and diversity and inclusion. Since 2008, Intel has invested more than $175 million in energy conservation projects, saving more than 3.9 billion kWh of energy through the end of 2016.

Intel’s energy is produced largely from renewable sources. Since 2008, Intel has been the largest voluntary corporate purchaser of green power in the U.S., according to the U.S. EPA. And according to Climate Action, Intel has a target to reduce its direct greenhouse gas emissions by 10 percent a year by 2020.

Newday is proud to include Intel in the Climate Action Portfolio, which is focused on promoting clean energy, reducing greenhouse gases, and managing good energy policies. Intel is also found in the Clean Water Portfolio, which focuses on purifying water, cleaning rivers and lakes, and providing access to drinking water. Intel’s water conservation efforts have saved about 60 billion gallons of water to date, enough to sustain 520,000 U.S. homes for one year.

Intel CEO, Brian Krzanich, said in an interview recently that Intel continues to explore new opportunities to “help solve major societal challenges, from protecting endangered species and understanding the impacts of climate change, to treating cancer and respecting human rights”. Intel’s commitment to people and the environment is significant, especially given its global footprint; it currently operates in over 70 countries and employe 106,000 people.

In terms of future projects, Intel plans to expand into new growth areas such as energy efficiency solutions for data centers, smart cities, and utility distribution networks. Intel also recognizes that their journey must continue. On their website, Intel promises to continue their environmental work, all with the same passion and determination they bring to every aspect of their business.

Disclosures

This commentary is provided for information purposes only and is not an offer or solicitation of an offer to buy or sell any product or service. Unless otherwise stated, all information and opinion contained in this publication were produced by Newday Funds, Inc. (“Newday”) and other sources believed by Newday to be accurate and reliable. Due to rapidly changing market conditions and the complexity of investment decisions, supplemental information and other sources may be required to make informed investment decisions based on your individual investment objectives and suitability specifications. All expressions of opinions of the financial markets, general investment strategy, or particular investments or recommendations to clients are subject to change without notice.

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