Hasbro Inc. has been named as the second most transparent and responsible company in the U.S., according to the 100 Best Corporate Citizens List for this year. This is the second time that Hasbro has ranked in the top 10 and the fourth consecutive year that the company has ranked among the top 25.
Hasbro Inc. has released its 2013 Corporate Social Responsibility (CSR) Report, which provides a detailed look at the progress Hasbro made throughout 2013 in its three key CSR priorities. These are product safety, environmental responsibility, and ethical sourcing—in addition to other focus areas including human rights, responsible marketing, global philanthropy, and more.
Performance highlights from the 2013 CSR Report are as follows: zero product recalls in 2013—and no recalls since 2008; several product and packaging sustainability innovations, including the replacing of polyvinyl chloride (PVC) with polyethylene terephthalate (PET) in Hasbro toy and game packaging; developing a set of goals and key performance indicators to guide and measure progress in improving working conditions among its third-party suppliers; and the development of a human right policy including focus areas, implementation strategies, and governance structure.
In addition, Hasbro contributed $14.5 million through product donations and financial contributions to organizations that benefit children in need, positively impacting 3.5 million children worldwide. The company also engaged 75 percent of Hasbro’s global workforce to volunteer in their communities during 2013.
Hasbro is also making progress on sustainability goals for 2020, such as reducing waste to landfills at owned/operated facilities by 50 percent; decreasing energy consumption at owned/operated facilities by 25 percent; reducing global Scope 1 and Scope 2 greenhouse gas (GHG) emissions from owned/operated facilities by 20 percent; and decreasing water consumption from owned/operated facilities by 15 percent. All goals are intended to decrease numbers from 2012 levels.
The full 2013 report can be found at Hasbro’s website.
Hasbro has been named one of the “2012 World’s Most Ethical Companies” (WME) by the Ethisphere Institute. The institute is a leading business ethics think-tank dedicated to the creation, advancement, and sharing of best practices in business ethics, corporate social responsibility, anti-corruption, and sustainability. Approximately 5,000 companies were nominated, with 145 making the cut. Hasbro was the only branded play company to receive the honor. “A strong ethical foundation is a competitive advantage, and Hasbro recognizes the important role corporate responsibility can play in improving its bottom line,” said Alex Brigham, executive director of the Ethisphere Institute, in a press release.
To select companies for the list, the Ethisphere Institute ranks organizations by reviewing codes of ethics, litigation, and regulatory infraction histories; evaluating the investment in innovation and sustainable business practices; reviewing activities designed to improve corporate citizenship; and studying nominations from senior executives, industry peers, suppliers, and customers.
Hasbro, Inc. announced that it will eliminate polyvinyl chloride (PVC) from all new core toy and game packaging, beginning in 2013. Hasbro has already begun to phase out PVC from some packaging.
Phasing out PVC in packaging is Hasbro’s most recent effort in a series of sustainable packaging initiatives by the company. The efforts, including eliminating wire ties, increasing recycled content, and sourcing paper, are designed to minimize the impact on natural resources.
To learn more about Hasbro’s corporate social responsibility (CSR) efforts, visit www.hasbro.com/csr.