STOCK TITAN

Baker Hughes Foundation Contributes $750,000 to Charities Nominated by Employees

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary
The Baker Hughes Foundation has announced $750,000 in grants to nonprofit organizations nominated by its global employee resource groups (ERGs). These grants support various causes in North America, Europe, Asia-Pacific, Middle East, United Kingdom, and sub-Saharan Africa. The grants aim to promote education, opportunity, diversity, equity, and inclusion, while also contributing to the United Nation's Sustainable Development Goal 10 to reduce inequalities.
Positive
  • The grants demonstrate Baker Hughes' commitment to education, opportunity, diversity, equity, and inclusion.
  • The grants support the United Nation's Sustainable Development Goal 10 to reduce inequalities.
  • The grants will benefit nonprofit organizations across various regions, promoting social change and addressing challenges in education, opportunity, and equality.
Negative
  • None.
  • Global nonprofit organizations chosen for grants support range of humanitarian causes
  • Baker Hughes' employee resource groups bring employees together based on personal characteristics, life experiences and shared interests

HOUSTON, TX / ACCESSWIRE / November 6, 2023 / The Baker Hughes Foundation announced Monday a total of $750,000 in grants to nonprofit organizations that promote our values and support local communities. For the third consecutive year - and in support of the Baker Hughes Foundation's mission to promote education, opportunity, diversity, equity and inclusion - the recipient NPOs were nominated by Baker Hughes global employee resource groups (ERGs). This grant also supports Baker Hughes' commitment to advancing the United Nation's Sustainable Development Goals (SDGs) - specifically SDG 10 to reduce inequalities.

Baker Hughes believes unique ideas and perspectives fuel innovation, and our differences make us stronger. Our eight ERGs bring employees together based on personal characteristics, life experiences and shared interests, and are pivotal in driving employee engagement and volunteerism in our global communities. These groups have built strong partnerships with many nonprofits across the globe to drive social change for some of the world's toughest challenges, including education, opportunity and equality.

Collectively, these grants will support an array of causes in North America, Europe, Asia-Pacific, Middle East, United Kingdom and sub-Saharan Africa. Below are the charities awarded grants to drive impact in their communities:

"I'm proud of our rich cultural diversity around the globe and how much our employees care about strengthening our communities," said Baker Hughes' Chief Culture and Diversity, Equity & Inclusion Officer and Baker Hughes Foundation Trustee Nicole Durham. "Employee resource groups are just one of the many ways we are able to cultivate an inclusive culture and address the diverse needs within communities."

To learn more about Baker Hughes' work in supporting its communities, visit our Corporate Responsibility website.

About the Baker Hughes Foundation:

For 25 years, the Baker Hughes Foundation has been a steward of charitable resources for meaningful community impact. The Foundation seeks to advance environmental quality, education, health, safety, and wellness around the world by supporting organizations with shared values, demonstrated leadership, evidence of impact, financial soundness, and the capacity to implement initiatives and evaluate their success. The Baker Hughes Foundation makes strategic philanthropic contributions, matches Baker Hughes employee contributions, and awards volunteer recognition grants for outstanding employee community service.

About Baker Hughes

Baker Hughes (NASDAQ:BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and conducting business in over 120 countries, our innovative technologies and services are taking energy forward - making it safer, cleaner and more efficient for people and the planet. Visit us at bakerhughes.com.

###

For more information, please contact:

Media Relations

Adrienne M. Lynch
+1 713-906-8407
adrienne.lynch@bakerhughes.com

View additional multimedia and more ESG storytelling from Baker Hughes on 3blmedia.com.

Contact Info:
Spokesperson: Baker Hughes
Website: https://www.3blmedia.com/profiles/baker-hughes
Email: info@3blmedia.com

SOURCE: Baker Hughes



View source version on accesswire.com:
https://www.accesswire.com/800094/baker-hughes-foundation-contributes-750000-to-charities-nominated-by-employees

FAQ

What is the purpose of the grants announced by the Baker Hughes Foundation?

The grants aim to promote education, opportunity, diversity, equity, and inclusion, while also contributing to the United Nation's Sustainable Development Goal 10 to reduce inequalities.

Who nominated the nonprofit organizations for the grants?

The nonprofit organizations were nominated by Baker Hughes global employee resource groups (ERGs).

Which regions will benefit from the grants?

The grants will support causes in North America, Europe, Asia-Pacific, Middle East, United Kingdom, and sub-Saharan Africa.

Baker Hughes Company

NASDAQ:BKR

BKR Rankings

BKR Latest News

BKR Stock Data

42.45B
989.53M
0.12%
99.78%
1.82%
Oil & Gas Equipment & Services
Surgical & Medical Instruments & Apparatus
Link
United States of America
WINTER SPRINGS