Hasbro Inc. set a 100 percent renewable energy use and carbon neutrality goal across its owned and operated global operations. For the past two years, the company has achieved its previous goal of 100 percent renewable energy and carbon neutrality in the U.S.
Hasbro purchased 25,699 megawatt-hours of renewable energy certificates (RECs) to address 99.6 percent of its 2016 global electricity consumption. Additionally, the company purchased carbon offsets in 2016 to address its global carbon footprint. Cumulatively, this reduction in Hasbro’s carbon footprint is similar to growing 766,411 trees per year for 10 years or not using 69,513 barrels of oil.
In 2015, Hasbro joined the U.S. Environmental Protection Agency’s (EPA) Green Power Partnership and qualified for the U.S. EPA’s Green Power Leadership Club, a distinction given to organizations that have significantly exceeded the U.S. EPA’s recommended minimum renewable energy purchase commitment. Hasbro is also ranked No. 1 on the 2017 100 Best Corporate Citizens list by CR Magazine and named one of the World’s Most Ethical Companies according to the Ethisphere Institutefor six consecutive years. Hasbro is also currently ranked No. 1 on Newsweek Magazine’s Green Ranking.
Hasbro purchased renewable energy certificates and carbon offsets from 3Degrees, the nation’s leading provider of comprehensive clean energy services that enable organizations and individuals to transition towards a low-carbon economy. The renewable energy certificates are from a mix of renewable resources including wind, solar, biomass, landfill gas, or hydroelectric sources. Hasbro purchased from projects located near major facilities in North America, South America, Asia and Europe. All projects were independently verified and certified by the appropriate international standards agencies, including Green-e Energy National Standard, European Energy Certificate System, the I-REC Standard and the Climate Action Reserve.