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  JANUARY 2020  
   
 

Dear Members,

With just seven months remaining in the 2019-20 formal legislative session, several top Roundtable priorities remain on the state’s agenda. We will be advocating for our member-driven principles in areas such as housing, health care, transportation and tax policy. We look forward to working closely with experts from our diverse group of member companies to ensure that your voices are heard on Beacon Hill.  

Thank you for your continued support and engagement.

JD

Past the Tipping Point: Fixing the Commonwealth’s Traffic Congestion Crisis
The Roundtable partnered with The Massachusetts Taxpayers Foundation and Transportation for Massachusetts on an event discussing one of the Roundtable’s top issues: transportation. This event featured a keynote address by Secretary of Transportation Stephanie Pollack and thoughtful remarks by Senator Joseph Boncore and Chairman William Straus on what the legislature is doing to address the congestion crisis.

The event also featured a panel discussion with Professor Mike Manville of UCLA, María Belén Power of GreenRoots, Rana Sen of Deloitte, Kathy Wylde of the Partnership for NYC and was moderated by Andrew Ryan of the Boston Globe. The panel discussed global and national best practices for congestion mitigation, the disproportionate impact of congestion and transportation infrastructure issues on the low-income communities and strategies for employers to successfully impact in the transportation debate.

Roundtable Advocates for Delay in Fiduciary Standard Regulations
During a public hearing at the State House this month, the Roundtable submitted written comments on draft regulations from the Massachusetts Securities Division regarding a proposed fiduciary conduct standard for broker-dealers, agents, investment advisers, and investment adviser representatives (950 CMR 12.200). In a letter, the Roundtable respectfully suggested delaying the implementation of new state rules until a new heightened federal standard is implemented this year. MBR expressed concerns the proposed regulations may result in unintended negative consequences raising barriers to entry or limiting access to services for individual investors. The Roundtable advocated for consistent standards to ensure consumer protections are in place, while maintaining a level playing field for businesses operating in multiple states.

READ letter

Roundtable Joins Secretary Rosalin Acosta, Deloitte for “Catapult Forward: Accelerating Next-Generation Workforce Ecosystem” at Boston Foundation
Leaders from industry, education and non-profits joined Labor & Workforce Development Secretary of Labor Rosalin Acosta for an event highlighting success stories from “next-gen” workforce organizations. The Boston Foundation and SkillWorks hosted “Catapult Forward: Accelerating a Next-Generation Workforce Ecosystem in Greater Boston,” that also featured the release of a new report by Roundtable member Deloitte. The report, developed by Monitor Institute by Deloitte and authored by: Tracie Neuhaus, senior manager, Kaitlin Terry Canver, lead and Heena Khoja, senior showcases how employers are connecting to today’s pool of talented workers, provides examples of best practices, and notes areas where the system must improve.

“For Boston’s success to continue in the long term, we must take advantage of tight labor markets like we have now to build stronger partnerships between workforce development organizations and employers,” said Paul S. Grogan, President and CEO of the Boston Foundation.

“By looking at both the supply and demand sides of the talent equation, these ‘next-gen’ workforce development organizations are laying the groundwork for a stronger alignment between what employers demand in workers and the skills they are building in that workforce,” said Kevin McGovern, New England Managing Partner for Deloitte & Touche LLP. “The leading practices and observations captured by the Monitor Institute by Deloitte team can provide those with a stake in Greater Boston’s workforce development system ideas that can ultimately help reduce economic inequality, fill critical position at employers, and continue the current trajectory of economic growth.”

In addition to the framework of practices, the Catapult Forward report identifies 13 “next-gen” workforce development organizations. The roster includes some of the state and region’s most-recognized and effective workforce development organizations: The Benjamin Franklin Institute of Technology, BEST Hospitality Training, CONNECT, the International Institute of New England, Just-A-Start, JVS Boston, More Than Words, NECAT, Operation ABLE, Per Scholas, Resilient Coders, UTEC and Year Up.

If you’re interested in learning more about Catapult or partnering on workforce development, please contact Kaitlyn Bean.

READ report | READ blog post

Upcoming Events
The Roundtable is gearing up for a series of upcoming events. If you would like to attend any of these events, please RSVP by emailing Katelyn Hamilton, calling the office at 617-728-0881 or you may register using the links below.

Luncheon at Nutter with Massport CEO Lisa Wieland
January 30, 12:00–1:00 p.m. at Nutter McClennen & Fish 155 Seaport Blvd, Boston
The Roundtable is partnering with member Nutter McClennen & Fish to host Massport CEO Lisa Wieland as she discusses her vision for Massport since becoming CEO in April of 2019.

Transportation & Climate Initiative: Deep Dive for Businesses Webinar
January 30, 12:00–1:00 p.m.
The Roundtable is joined by leaders in the business and environmental community in sponsoring a webinar for businesses to have an in-depth briefing on TCI from the Baker administration, business and environmental leaders. RSVP here.

Recruitment and Retention in a Gridlocked City- an NACDNE and MBR Event
February 11, 7:30 – 9:00 a.m. at The Harvard Club, 374 Commonwealth Ave, Boston, MA
MBR and NACDNE are collaborating on an event highlighting innovative ways employers are retaining top talent given the Commonwealth’s transportation crisis. RSVP here. Note: There is a cost for this event. If you are a Roundtable member, select Member when registering and enter coupon code “MBR”.

Roundtable Member Berkshire Bank Celebrates Opening of ReevX Labs in Roxbury
Roundtable member Berkshire Bank this month celebrated the grand opening of its first ReevX Lab, located in Roxbury, Massachusetts! At Berkshire Bank, they have made it their mission to reach those customers who have historically been shut out of the traditional lending and banking relationship.

ReevX Labs have been thoughtfully designed to create a community hub for financial learning, while providing a space to help community members grow and expand their businesses. At every ReevX Lab, the community will have access to a vibrant workspace and Berkshire Bank’s MyBanker weekly financial classes. Through partnerships with various non-profits and community stakeholders, including Friends and Family Business Technical Assistance, Black and Blonde Yoga, KillerBoomBox, Free Salsa Classes, and many more, Berkshire Bank will provide programming and educational experiences to assist community members in their growth. Berkshire Bank is working to grow the ReevX Lab program so that more communities across the Bank’s footprint have access to a similar community space. Berkshire Bank wants to thank its partners who helped to make ReevX Lab a reality. To learn more about this exciting new chapter at Berkshire Bank, please visit www.berkshirebank.com/Reevx-Labs


Roundtable Member Takeda Announces Commitment to Carbon Neutrality
Roundtable member Takeda recognizes that climate change poses a risk to human health, including the spread of infectious diseases. Takeda has made environmental efforts a key priority. Congratulations to Takeda for its announcement this month of additional commitments to the environment including the following:

  • By 2040, Takeda commits to being carbon neutral by eliminating all greenhouse gas (GHG) emissions from its operations (Scopes 1 and 2), and reducing its Scope 3 emissions by 50% (from FY2018) through continued educating and influencing its suppliers on their greenhouse gas reduction efforts, and by addressing remaining Scope 3 emissions through verified carbon offsets.

  • By 2025, Takeda commits to reducing 40% (from FY2016) of GHG emissions in its operations through a combination of renewable energy purchases, including large-scale power purchase agreements and an aggressive internal energy management program, and 15% (from FY2018) of Scope 3 emissions through educating and influencing suppliers.

  • In 2020, Takeda commits to be carbon neutral across its value chain (Scopes 1, 2 and 3) beginning with FY2019 GHG emissions through the use of renewable energy and verified carbon offsets.

  BRT on Purpose of a Corporation
  BRT on Privacy Law
  BRT on Free & Fair Trade

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