Company offsets 100% of
self-generated carbon emissions, introduces toy recycling
initiatives and increases toy donations
TORONTO,
April 6, 2021 /PRNewswire/ -
Spin Master Corp. (TSX: TOY) (www.spinmaster.com), a leading
global children's entertainment company, today issued its second
annual Corporate Social Responsibility (CSR) report. With a vision
of bringing kids and families together through the timeless magic
of play, Spin Master seeks to be an inclusive employer, enhance the
communities in which it operates and minimize environmental impacts
with efforts in four CSR key areas: products, people, community and
environment.
"When we published our first CSR report a year ago, we
couldn't have imagined the significant challenges that would
confront the world in 2020," said Anton
Rabie, Spin Master's Chairman and Co-Founder. "At Spin
Master, we accelerated and adapted our CSR programs in response to
the pandemic while also laying the foundation for the future. The
health and safety of our employees was paramount, and we
implemented supplemental programs aimed to help enable flexibility
and ensure their wellbeing. Also, with children at home across the
globe, isolated from friends and school, we answered the need to
inspire joy and imagination through play with increased toy
donations. Lastly, we continued to make progress against our
environmental areas of focus to help ensure the sustainability of
our planet for future generations."
Spin Master's cross-functional CSR framework provides
transparency within the four CSR focus areas while also setting
targets against which to measure progress. The 2020 CSR report
includes all Sustainability Accounting Standards Board (SASB)
indicators for Toys & Sporting Goods Sustainability Accounting
Standard and material indicators from the Global Reporting
Initiative Standards. Highlights from the report
include:
- Products - Spin
Master is committed to providing children and families with the
safest and highest quality toys, games, entertainment and digital
apps.
-
- 274M toys and games
produced in 2020.
- 115 Toy Industry Association Toy of the Year nominations
and 32 wins since 2000.
- Zero consumer recalls in over a decade.
- 99% of manufacturing facilities audited and remediated
through the Ethical Toy Program in 2020
- People - People are Spin Master's key
differentiator, and the Company is committed to the well-being of
its employees and to fostering its unique and inclusive
culture.
-
- In the company's 2020 engagement survey, 85% of
respondents indicated they are proud to work at Spin
Master.
- Women represent 43% of Senior Management within the
Company (director level and above).
- In 2020, Spin Master reduced the number of recordable
health and safety incidents in its facilities by 58% over the prior
year.
- Community - Through philanthropic
giving, volunteering and toy donations, Spin Master helps enrich
the lives of children and
families.
-
- The company accelerated in-kind donations in 2020,
donating 460,444 toys globally.
- In response the pandemic, Spin Master produced and
donated 451,000 face shields to hospitals, shelters and long-term
care facilities in 2020.
- Environment - Spin Master recognizes
the need to act in support of the environment and to minimize the
impact of its operations, for children and families today and
generations to come.
-
- In 2020, Spin Master offset 10,000 metric tonnes of
carbon, representing more than 100% of the company's total
self-generated carbon emissions.
- The company plans to embark on a recycling toy program in
two markets in 2021.
To learn more about Spin Master's CSR efforts, please
visit
https://www.spinmaster.com/en-US/corporate/corporate-social-responsibility.
About Spin Master
Spin Master Corp. (TSX:TOY) is a leading global children's
entertainment company creating exceptional play experiences through
a diverse portfolio of innovative toys, entertainment franchises
and digital games. Spin Master is best known for award-winning
brands PAW Patrol®, Bakugan®, Kinetic Sand®, Air Hogs®,
Hatchimals®, Rubik's Cube® and GUND®, and is the toy licensee for
other popular properties. Spin Master Entertainment creates
and produces compelling multiplatform content, stories and
endearing characters through its in-house studio and partnerships
with outside creators, including the preschool success PAW
Patrol and nine other original shows along with multiple
short-form series, which are distributed in more than 190
countries. The Company has an established digital presence anchored
by the Toca Boca® and Sago Mini® brands, which combined have more
than 40 million monthly active users. With close to 2,000 employees
in 28 offices globally, Spin Master distributes products in more
than 100 countries. For more information visit spinmaster.com or
follow on Instagram, Facebook and Twitter @spinmaster.
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SOURCE Spin Master