Hasbro Makes Double-Digit Gains on the 2012 Carbon Disclosure Project Index
Hasbro's 2012 report highlighted an investment of more than
"Hasbro's marked improvement in the CDP rankings is yet another tangible
example of some of the strong inroads we are making in reducing
environmental impact and emissions, which are meaningful to our
consumers, and to our business and retail partners, as responsible
companies have an increasing desire and expectation to work with others
that are operating sustainably," said
Hasbro's focuses on three key CSR priorities: product safety, environmental sustainability and manufacturing ethics. Numerous initiatives across these focus areas have sparked systematic and impactful changes in Hasbro's business operations.
Over the last year,
-
Exceeding greenhouse gas reduction goals:
Hasbro set out to reduce Scope 1 and Scope 2 emissions by 10 percent from a 2008 baseline by 2012. As of 2011, the company has already exceeded that goal with emissions reductions of 20 percent through practices such as prioritizing energy use when considering capital expenditures, streamlining product distribution models, updating lighting systems in its owned factories and investing in energy-efficient manufacturing equipment. -
Increasing recycled content: In 2011,
Hasbro achieved its annual goal to derive at least 75 percent of paper and board packaging from recycled material, or from suppliers that practice sustainable forest management. By 2015,Hasbro plans to increase that target to 90 percent usage of these materials and sources for all its paperboard packaging and in-box game content. -
Responsible paper sourcing policy: In 2011,
Hasbro implemented an aggressive paper sourcing policy, providing suppliers with guidelines for sustainable paper sourcing to help ensure that paper used inHasbro products aligns with the company's commitment to environmental sustainability. Among the policy's key requirements is the expectation that suppliers will source paper with as much post-consumer recycled content as is practical and financially viable. The company has communicated this policy to its suppliers, and has made it a part of its company-wide quality assurance procedures.
"Hasbro's commitment to CSR means doing the right thing for our
customers, employees, our communities and our shareholders," said
Hasbro has been recognized by several organizations for its CSR efforts:
- Hasbro received an inaugural Climate Leadership Award by the U.S. Environmental Protection Agency in recognition of its efforts to address climate change and reduce greenhouse gas emissions.
-
The company ranked No. 23 on
CR Magazine 's 2012 "100 Best Corporate Citizens" list in recognition of the company's efforts to increase transparency into product safety, environmental sustainability and manufacturing ethics. -
Hasbro was recognized as one of the "2012 World's Most Ethical
Companies" by the
Ethisphere Institute , a leading global business ethics think-tank dedicated to the creation, advancement and sharing of best practices in business ethics, corporate social responsibility, anti-corruption and sustainability.
CDP is a global nonprofit leader that works with businesses and cities to drive greenhouse gas emissions reduction and protect natural resources. CDP holds the largest collection globally of self-reported climate change data and recognizes companies that are taking positive measures on climate change mitigation.
To learn more about
About
HAS-CSR
News Media
or
Investor
Relations
Source:
News Provided by Acquire Media