Hasbro Advances Main Company Social Accountability Priorities Together with Eliminating Plastic in Packaging, Increasing Toy Recycling Program Globally and Furthering Environmental Assessments of Suppliers | Enterprise

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PAWTUCKET, R.I.–(BUSINESS WIRE)–Nov 24, 2020–

Hasbro, Inc. (NASDAQ: HAS) at present issued a 2019-20 Company Social Accountability Replace. The replace highlights Hasbro’s ESG developments in key areas in 2019, reinforcing a multi-tiered technique to straight have interaction staff, associate with governments and organizations to set and enhance {industry} requirements, and leverage provide chains to drive accountability. It additionally particulars Hasbro’s 2019 acquisition of eOne and the alternatives it unlocks for company citizenship by way of storytelling, content material duty and social engagement. Most notably, the replace particulars the corporate’s agile response to aligning its CSR priorities with the fast-changing surroundings globally, together with the wants of varied stakeholders amid the worldwide pandemic and social unrest throughout america.

This press launch options multimedia. View the complete launch right here: https://www.businesswire.com/information/dwelling/20201124005635/en/

2019 & 2020 CSR Highlights (Graphic: Enterprise Wire)

In 2019 and 2020, Hasbro took a number of actions to strengthen its dedication to the surroundings. Key milestones embrace:

  • Establishing a objective to eradicate all plastic in packaging of latest merchandise by the tip of 2022
  • Increasing the Hasbro Toy Recycling program to 6 international locations
  • Attaining its objective of just about 100% renewable power (99.4% by way of funding in renewable power credit and carbon offsets).

Moreover, Hasbro grew to become the primary in its {industry} to pilot the Higg Index, initially developed by the Sustainable Attire Coalition (SAC), to additional assess the environmental impression of its toy and recreation suppliers.

The previous 12 months was important for Hasbro’s method to Range & Inclusion (D&I) with the institution of a proper D&I operate in 2019 and a signed dedication to the CEO Motion for Range and Inclusion pledge. In response to social unrest round race points within the U.S., Hasbro hosted worker listening boards and launched a World Range, Inclusion and Belonging program to listen to straight from staff about their private experiences. Trying to the longer term, the corporate restated its objective to develop ethnically and racially numerous worker illustration within the U.S. to 25% by 2025.

“Hasbro has a proud legacy as a accountable company citizen, however the extraordinary occasions of the previous 12 months have strengthened the significance of main with goal and residing our values,” stated Brian Goldner, chairman and CEO of Hasbro. “With the acquisition of eOne, we now have a good better platform to affect tradition and play, and inside the whole lot we do, we stay conscious of our elevated duty to be a power for good and convener of progress.”

The worldwide pandemic in 2020 marked an unlimited check of the group’s resolve. All through the disaster, Hasbro used its assets, manufacturers and experience to guard the well being, security and well-being of its staff and assist its communities. This included supporting work-at-home preparations, implementing well being & security office protocols and offering a one-time cost to assist staff with Covid-19-related bills. The corporate took initiative to assist its communities by working with a associate manufacturing provider to transform the operation to private protecting tools manufacturing for frontline medical employees, creating its Deliver Residence the Enjoyable web site to supply assist for household actions throughout Covid-19-related faculty closures, donating toys and video games to households around the globe and combating childhood starvation by supporting native meals pantries and nationwide packages like Save the Kids and No Child Hungry.

Different highlights from this interim report embrace:

  • Tradition & Human Capital Administration
    • Set a 50 p.c numerous interview objective for all open positions within the U.S. the place there may be underrepresentation
    • Established home associate advantages and a brand new work-life steadiness coverage supporting work flexibility
    • Supplied technological instruments, ergonomic assist, web capability, psychological well being assist and lots of different instruments to assist the workforce throughout COVID-19
    • Achieved 95% worker volunteer participation globally
  • Human Rights & Moral Sourcing:
    • 100% of our third-party vendor and licensees’ agreements comprise human rights clauses and these suppliers are topic to human rights audits and impression assessments, and 100% of our third-party factories endure common social compliance audits
    • Additional strengthened our Employee Nicely-Being Program, which was first piloted in 2018, to assist empower feminine manufacturing unit employees in our provide chain with coaching on life-enhancing expertise and data round vitamin, reproductive well being, downside fixing and monetary literacy
      • One program with a provider in China has already impacted 1,175 ladies employees, and 42 managers have been skilled to proceed main the BSR HERHealth program in coming years
    • Acknowledged externally for our robust battle minerals program, rating within the high six p.c out of 207 firms by the unbiased Accountable Sourcing Community (RSN) and incomes the very best rating within the Journey and Leisure class
    • Achieved “Full Member” standing within the Accountable Enterprise Alliance (RBA), the world’s largest multi-industry coalition devoted to implementing and sharing company social duty greatest practices throughout world provide chains
  • Product & Content material Security
    • As Hasbro continues to increase its world sourcing footprint, the corporate printed an official Supplies and Chemical Administration Coverage to information the specification, sourcing and screening of supplies and chemical substances in product and packaging for all Hasbro merchandise worldwide
    • Managed the transition to third-party manufacturing services in India and Vietnam, from a China-based provide chain with mature high quality programs
    • Carried out over 50 high quality assurance in-person coaching classes with distributors, suppliers, labs, and Hasbro staff, totaling greater than 1,000 hours of coaching
    • Participated in The Chemical Footprint Mission to develop and advance the idea and apply of chemical footprinting to scale back the usage of chemical substances of excessive concern

“Whereas we have now made nice strides throughout all of our CSR priorities, we acknowledge that we’re on an ongoing journey,” stated Kathrin Belliveau, senior vice chairman, World Authorities, Regulatory Affairs and CSR. “We’re dedicated to constructing and executing revolutionary, best-in-class CSR and ESG methods and packages that resonate with our stakeholders. We’ll proceed to guage our commitments and set new targets in order that we are able to be certain that our merchandise and enterprise practices dwell as much as our goal of creating the world a greater place for all kids and all households.”

Hasbro ranked among the many 2020 100 Finest Company Residents by 3BL Media, has been named one of many World’s Most Moral Corporations® by Ethisphere Institute for the previous 9 years, and ranked No. 1 within the Family Items & Attire class within the 2021 checklist of America’s Most JUST Corporations by Forbes and JUST Capital. This interim report, which is in alignment with the World Reporting Initiative (GRI) Requirements tips and the Sustainability Accounting Requirements Bureau (SASB) Toys & Sporting Items Trade Normal, serves as a information to Hasbro’s progress earlier than the following complete CSR Report in 2021. To study extra about Hasbro’s CSR efforts, please go to www.hasbro.com/csr.

About Hasbro

Hasbro (NASDAQ: HAS) is a worldwide play and leisure firm dedicated to Creating the World’s Finest Play and Leisure Experiences. From toys, video games and client merchandise to tv, motion pictures, digital gaming, dwell motion, music, and digital actuality experiences, Hasbro connects to world audiences by bringing to life nice improvements, tales and types throughout established and ingenious platforms. Hasbro’s iconic manufacturers embrace NERF, MAGIC: THE GATHERING, MY LITTLE PONY, TRANSFORMERS, PLAY-DOH, MONOPOLY, BABY ALIVE, POWER RANGERS, PEPPA PIG and PJ MASKS, in addition to premier associate manufacturers. By means of its world leisure studio, eOne, Hasbro is constructing its manufacturers globally by way of nice storytelling and content material on all screens. Hasbro is dedicated to creating the world a greater place for all kids and all households by way of company social duty and philanthropy. Hasbro ranked among the many 2020 100 Finest Company Residents by 3BL Media, has been named one of many World’s Most Moral Corporations® by Ethisphere Institute for the previous 9 years, and considered one of America’s Most JUST Corporations by Forbes and JUST Capital for the previous 4 years. We routinely share essential enterprise and model updates on our Investor Relations web site, Newsroom and social channels (@Hasbro on Twitter and Instagram, and @HasbroOfficial on Fb.)

HAS-CSR

© 2020 Hasbro, Inc. All Rights Reserved.

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CONTACT: Press Contact:

Katy Hendrickson

401-727-5603

[email protected]

KEYWORD: RHODE ISLAND UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: CHEMICALS/PLASTICS RETAIL MANUFACTURING GENERAL ENTERTAINMENT OTHER CONSUMER OTHER ENTERTAINMENT ONLINE RETAIL ENVIRONMENT OTHER RETAIL CHILDREN SPECIALTY FAMILY OTHER MANUFACTURING ENTERTAINMENT CONSUMER

SOURCE: Hasbro, Inc.

Copyright Enterprise Wire 2020.

PUB: 11/24/2020 09:00 AM/DISC: 11/24/2020 09:01 AM

http://www.businesswire.com/information/dwelling/20201124005635/en

Copyright Enterprise Wire 2020.

OMG is continually cementing what Social-First means, the way it positively transforms society over the long-term and most significantly, it should be the industrial mannequin companies convert to. The ethics we dwell by, form our values and tradition. Now we have made nice strides due to the assist we obtain from the general public.

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