Barnes Joins the Ellen MacArthur Foundation’s Global Network

BRISTOL, Conn. –Barnes Group Inc. (NYSE: B) now declared that it has turn out to be a Member of the Ellen MacArthur Foundation’s Network to help accelerate the changeover to a round economic system. The Community delivers together companies, innovators, universities, and imagined leaders to travel international systemic adjust.

“We are pleased to be a part of a fully commited group of like-minded corporations focused on developing a round economic system,” claimed Julie K. Streich, Senior Vice President, Finance and Chief Fiscal Officer and Interim Chief Govt Officer of Barnes. “Joining the Ellen MacArthur Foundation’s Network is yet another significant action in our environmental, social, and governance journey, making it possible for Barnes to perform with other forward-pondering leaders to push innovations that eventually support our economic climate, climate, and society.”

Patrick Hurley, Senior Vice President and Chief Technological know-how Officer of Barnes, said, “the Ellen MacArthur Basis is a good platform to further our initiatives in establishing ground breaking merchandise and technologies to push a circular economy. It aligns with our interior targets to reduce pollution and squander and will help Barnes to collaborate with other foremost providers with the same vision in joint analysis and development for social and environmental rewards.”

In 2020, Barnes established environmental targets for 2025 – distinct aims for lowering the strength and h2o we use and the waste we produce from a 2019 baseline – on a normalized basis. As a Company, we will operate to decrease the energy we use in our factories – as measured in carbon dioxide equivalents (CO2e) – by 15%, the volume of drinking water we use by 20%, and the quantity of industrial procedure squander we crank out from our production functions by 15%.

Barnes is proud to be a important participant in the Digital Watermarks Initiative HolyGrail 2. driven by Intention – European Models Affiliation, driven by the Alliance to End Plastic Squander. HolyGrail is a collaborative effort and hard work created to clear up one particular of the most important road blocks struggling with plastic recycling – inefficient sorting at recycling amenities. Our Molding Remedies strategic small business unit has been active in this initiative because HolyGrail 2.0’s inception in 2020, underneath the leadership of The Procter & Gamble Corporation and facilitated by the Ellen MacArthur Basis.

Molding Remedies carries on to improve its partnerships to acquire new producing technologies with a sustainability concentrate in collaboration with leading consortiums these kinds of as The Alliance to Stop Plastic Waste and The Ellen MacArthur Basis. It is also actively aligning its processing technological know-how with main producers of new sustainable plastic products, these as put up-purchaser recyclable, bio-centered, and even bio-degradable compositions, to make solutions manufactured of extra sustainable elements that conduct as nicely as or improved than merchandise built of current fossil-primarily based polymers. Barnes has strategically partnered with world investigation centers, universities, products designers, and close-of-lifetime converters to establish injection molding technology that minimizes waste and maximizes person overall performance, offering safe and dependable alternatives.

About Barnes

Barnes Team Inc. (NYSE: B) pioneers systems to assist change the globe. Leveraging globe-class manufacturing abilities and marketplace-main engineering, we produce highly developed procedures, automation methods and used technologies for industries ranging from medical and particular treatment to mobility, packaging and aerospace. Clients benefit from our built-in components and program capabilities targeted on bettering the processing, management, assistance and sustainability of engineered plastics, factory automation systems and precision parts. For additional data, you should visit www.barnesgroupinc.com.

About Molding Methods

Molding Options is a strategic organization unit inside of Barnes, which includes foremost plastic injection molding brand names for tooling, scorching runners, and controls: Synventive®, Thermoplay®, männer™, FOBOHA®, Priamus®, and Gammaflux®. Molding Solutions’ extensive portfolio of superior systems and value-added products and services provides ideal-in-class methods in which demanding specs are demanded by world-wide prospects across a broad spectrum of programs. For more information, remember to go to our Molding Alternatives world-wide-web webpage.

About The Ellen MacArthur Basis

The Ellen MacArthur Foundation is an global charity that develops and encourages the round economic system in purchase to deal with some of the largest worries of our time, these as local climate alter, biodiversity decline, squander, and air pollution. The Basis is effective with its Network of non-public and general public sector selection-makers, as properly as academia, to establish ability, check out collaborative chances, and design and establish round financial system initiatives and options. Significantly primarily based on renewable vitality, a circular economic system is pushed by design and style to reduce waste, flow into goods and resources, and regenerate nature, to build resilience and prosperity for company, the ecosystem, and society. For extra facts, please visit https://ellenmacarthurfoundation.org/.

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