Hasbro Sets 100% Renewable Energy and Carbon Neutrality Goal for its Global Operations
June 14 2017 - 2:00PM
Business Wire
Hasbro reaffirms its commitment to
sustainability through renewable energy initiatives in support of a
low carbon economy
Hasbro, Inc. (NASDAQ: HAS), a global play and entertainment
company, today announced that it has set a 100 percent renewable
energy use and carbon neutrality goal across its owned and operated
global operations. For the past two years, Hasbro has achieved its
previous goal of 100 percent renewable energy and carbon neutrality
in the U.S. This goal builds on that achievement and extends
Hasbro’s commitment to 100 percent renewable energy and carbon
neutrality globally.
The new global goal builds on a longstanding commitment to
climate action leadership, and Hasbro has made significant progress
already to achieve the goal. Specifically, Hasbro purchased 25,699
megawatt-hours of renewable energy certificates (RECs) to address
99.6 percent1 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.
“Through renewable energy advancements, Hasbro continues to
demonstrate our deep commitment to the environment and our desire
to play a leadership role in building a safe and sustainable world
for future generations,” said Brian Goldner, chairman and CEO,
Hasbro, Inc. “We embrace our role in supporting the transformation
of our world to a low-carbon economy, and support programs that not
only minimize our impact on the environment, but also have a
lasting positive impact on our planet.”
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
has been recognized as one of the world’s leading companies for its
CSR and sustainability efforts, including being 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
Institute for six consecutive years. Hasbro is also currently
ranked No. 1 on Newsweek Magazine’s Green Ranking.
“At Hasbro, our commitment to sustainability runs deep, and we
are continuously looking for purposeful and innovative ways to
reduce our environmental footprint,” said Kathrin Belliveau, senior
vice president, Global Government Affairs and Corporate
Responsibility. “Climate leadership is critically important, not
only to our business but also to our employees, our consumers and
our world.”
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.
Read Hasbro’s 2016 renewable energy performance statement
here.
To learn more about Hasbro's CSR efforts, please
visit www.hasbro.com/csr.
1 Renewable energy certificates (RECs) were not available in all
global markets at the time of Hasbro’s REC purchases.
About Hasbro
Hasbro (NASDAQ: HAS) is a global play and entertainment
company committed to Creating the World's Best Play
Experiences. From toys and games to television, movies,
digital gaming and consumer products, Hasbro offers a variety of
ways for audiences to experience its iconic brands, including NERF,
MY LITTLE PONY, TRANSFORMERS, PLAY-DOH, MONOPOLY, LITTLEST PET SHOP
and MAGIC: THE GATHERING, as well as premier partner brands. The
Company's Hasbro Studios and its film label, Allspark
Pictures, are building its brands globally through great
storytelling and content on all screens. Through its commitment to
corporate social responsibility and
philanthropy, Hasbro is helping to make the world a
better place for children and their families. Hasbro ranked No. 1
on the 2017 100 Best Corporate Citizens list by CR Magazine, and
has been named one of the World’s Most Ethical Companies® by
Ethisphere Institute for the past six years. Learn more
at www.hasbro.com, and follow us on Twitter
(@Hasbro & @HasbroNews) and Instagram (@Hasbro).
HAS-CHAS-CSR
© 2017 Hasbro, Inc. All Rights Reserved.
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version on businesswire.com: http://www.businesswire.com/news/home/20170614005912/en/
Hasbro, Inc.Katy Hendrickson,
401-727-5603katy.hendrickson@hasbro.com
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