Hasbro, Inc. (NASDAQ: HAS) is reporting additional progress on a wide range of key CSR initiatives, including a 10 percent year-on-year reduction in Scope 1 and Scope 2 greenhouse gas (GHG) emissions, as detailed in the Company’s newly-released Corporate Social Responsibility (CSR) 2011 Update. The report highlights CSR progress and goals for the 2011 calendar year as a mid-cycle benchmark to the Company’s biannual CSR report. Hasbro is also reporting an overall Scope 1 and Scope 2 GHG emissions reduction of 20 percent against the Company’s 2008 baseline, and highlighting its efforts to begin extensively tracking supply chain and support service Scope 3 emissions. Scope 1 and Scope 2 emissions are related to manufacturing emissions and electricity consumption. “Hasbro remains committed to transparency in all aspects of corporate social responsibility,” said Brian Goldner, Hasbro’s President and CEO. “Tracking, reducing and reporting on our greenhouse gas emissions throughout our supply chain is one important aspect of that commitment. We remain highly focused on conducting business responsibly as we build upon our momentum in CSR.” Hasbro is committed to continuous CSR improvement and leadership, focusing on three key priorities: product safety, environmental sustainability and manufacturing ethics. The CSR 2011 Update highlights achievements from each of the three key focus areas.
- Hasbro had zero product recalls in 2011, a testament to the Company’s industry-leading quality assurance and safety processes.
- Hasbro reduced water use by 12.5 percent in 2011 for a cumulative reduction of 18.7 percent from a 2008 baseline, surpassing its goal of 15 percent water use reduction well before its 2012 year-end target.
- Hasbro increased distribution and logistics efficiencies domestically and internationally. The Company moved 96 percent of its domestic product shipments via SmartWay carrier members, which are companies that track fuel use for reporting efficiency of carbon emission reductions. It also opened new distribution centers in Moscow and Prague to reduce miles to customers.
- Hasbro continues to require all third-party manufacturing partners in China to adhere to the International Council of Toy Industries (ICTI) CARE (Caring, Awareness, Responsible, Ethical) Process, and to carry the ICTI Seal of Compliance.