Global branded play leader Hasbro,
Inc. (NASDAQ: HAS) has achieved a 29 point year-over-year
improvement in its Carbon Disclosure Project (CDP) reporting score. With
a disclosure score of 80, Hasbro is the toy industry reporting leader as
represented in the Consumer Discretionary segment. The company's
rigorous management systems and commitment to continuous improvement in
corporate social responsibility (CSR), including significant efforts to
reduce its environmental footprint, contributed to the Company's marked
improvement year-on-year. Hasbro has been reporting climate mitigation
activities to CDP since 2011.
Hasbro's 2012 report highlighted an investment of more than $1.5 million
in emissions reduction initiatives designed to reduce annual carbon
dioxide emissions by more than 1,000 metric tons and lead to financial
efficiencies over time. Hasbro also reported expanded tracking of its
greenhouse gas (GHG) reporting to include Scope 3 emissions, which
includes GHG emissions generated through the company's supply chain and
support services, notably third-party manufacturers and transportation
"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 Duncan Billing, Hasbro's Global
Chief Development Officer.
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, Hasbro has achieved a number of CSR milestones,
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
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 in Hasbro 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
Kathrin Belliveau, Hasbro's Vice President of Corporate Responsibility.
"CSR is at the core of everything Hasbro does, and with each toy and
game experience we bring to market, we are working to preserve natural
resources and enhance play for future generations."
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
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 Hasbro's CSR progress and initiatives, please visit www.hasbro.com/csr.
Hasbro, Inc. (NASDAQ: HAS) is a branded play company providing children
and families around the world with a wide-range of immersive
entertainment offerings based on the Company's world class brand
portfolio. From toys and games, to television programming, motion
pictures, digital gaming and a comprehensive licensing program, Hasbro
strives to delight its global customers with innovative, well-known and
beloved brands such as TRANSFORMERS, LITTLEST PET SHOP, NERF, PLAYSKOOL,
MY LITTLE PONY, G.I. JOE, MAGIC: THE GATHERING and MONOPOLY. The
Company's Hasbro Studios develops and produces television programming
for markets around the world. The Hub TV Network is part of a
multi-platform joint venture between Hasbro and Discovery Communications
(NASDAQ: DISCA, DISCB, DISCK), in the U.S. Through the Company's deep
commitment to corporate social responsibility, including philanthropy,
Hasbro is helping to build a safe and sustainable world for future
generations and to positively impact the lives of millions of children
and families every year. It has been recognized for its efforts by being
named one of the "World's Most Ethical Companies" and is ranked as one
of Corporate Responsibility Magazine's "100 Best Corporate Citizens."
Learn more at www.hasbro.com.
Gary Serby, 401-727-5582
Debbie Hancock, 401-727-5401