Toys “R” Us, Barrick Gold, and Sappi Fine Paper Launch New Rebuilding Initiatives - CSR Minute for January 23, 2013

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Toys “R” Us, Barrick Gold, and Sappi Fine Paper Launch New Rebuilding Initiatives - CSR Minute for January 23, 2013

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Press Release
Wednesday, January 23, 2013 - 3:30pm

The Toys"R"Us Children's Fund has made a $1 million donation to the Hurricane Sandy New Jersey Relief Fund, created to rebuild the Garden State. Toys"R"Us, Inc. has been based in New Jersey for 38 years and has more than 4,000 employees statewide across 45 stores, regional offices, its corporate headquarters and the company's largest retail distribution center. The donation adds to the company's continuing efforts which have included a $500,000 donation by the Toys"R"Us Children's Fund to Save the Children, and product donations of essential baby supplies in some of the hardest hit areas. In addition, Toys"R"Us, Inc is helping its own employees impacted by Hurricane Sandy through the Geoffrey Fund, a company program that offers financial assistance in times of hardship.

Barrick Gold Corporation is working with Chile’s Ministry of Housing and the Roof for Chile organization to provide permanent housing in safe neighborhoods for families living in slums in Chile’s Atacama region. Through the Renacer, or “Rebirth,” program, 125 families living in the country’s poorest communities will become homeowners. The initiative provides assistance to the families on financial management and budgeting. The Renacer program is part of a broader social responsibility initiative called the Atacama Commitment, a Barrick-led alliance of public and private sector organizations focused on improving social and economic conditions in the Atacama region. Barrick has granted multi-year funding of $4.3 million to A Roof for Chile to support programs aimed at alleviating poverty in the region, home to Barrick’s Pascua-Lama project.

Sappi Fine Paper North America will re-build a specialty paper coater at its Westbrook Mill in Maine, which makes specialized papers. Bringing expanded manufacturing capacity, and delivering higher yield, the $2.5 million upgrade supports Sappi’s Classics product line. The Classics line is used to provide the textures and patterns for synthetic fabrics used in automobiles, fashionable footwear and apparel as well as decorative laminate surfaces found in flooring, kitchens, and baths. The project contributes to Sappi’s commitment to sustainability as the improvements will allow for use of a wider range of raw materials and improve energy efficiency.

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Video Source: Toys “R” Us, Barrick Gold, and Sappi Fine Paper Launch New Rebuilding Initiatives