CARLSBAD, Calif., March 10, 2022 /PRNewswire/ -- Callaway Golf
Company (the "Company" or "Callaway") (NYSE: ELY) published its
inaugural Sustainability Report today, detailing the Company's
commitment and approach toward conducting business in a responsible
and sustainable manner.
"Callaway has a long history of prioritizing social and
environmental considerations in our day-to-day operations, and we
are proud to present our first comprehensive report as a key step
toward increasing transparency and accountability," commented
Chip Brewer, President and Chief
Executive Officer of Callaway. "Our late founder Ely Callaway lived by the belief that 'good
ethics is good business,' an ethos that has guided our Company over
the past 39 years and continues to be actively reflected in our
culture and actions today. We set high standards for our employees
and brands, putting significant emphasis on making Callaway a great
place to work, while also making a positive impact for the greater
good. We look forward to continuing to update our stakeholders as
we evolve our social and environmental programs and
initiatives."
Grounded in feedback from a diligent assessment conducted in
2021, members of the Callaway Global Sustainability Program, with
oversight from the Executive Sustainability Committee and the
Company's Board of Directors, identified four key areas of focus to
serve as the pillars of the Company's sustainability strategy:
People, Planet, Product, and Procurement. This Sustainability
Report provides extensive details regarding the advancements and
measures of performance within each of these pillars.
Select report highlights by strategic pillar include:
People
- Employees: Callaway embraces a culture of being One
Team — One Company. Callaway and its subsidiaries have diverse
employee bases with a wide range of cultures, experiences, talents,
capabilities, and perspectives, and firmly believes that ethnic,
gender, and cultural diversity provide distinct value to the
Company.
- Suppliers: Callaway holds our suppliers accountable
to the same human rights policies as our own employees, including
Callaway's Enterprise Human Rights Policy. We further require all
Callaway suppliers to comply with human rights and other
responsible labor standards set forth in our Supplier Code of
Conduct and the Transparency in Supply Chains Act and UK Modern Day
Slavery Act Policy.
- Local Communities: The Company engages and supports its
local communities through the Callaway Golf Company Foundation, the
Callaway Golf Company Community Giving Program, and a variety of
local volunteer and donation initiatives led by the Company's
global subsidiaries.
Planet
- Energy Management: Since 2005, Callaway has implemented
energy efficiency improvements through active participation in
utility-sponsored demand-reduction programs while also pursuing new
energy efficiency projects, such as the natural gas fuel cell
system being installed at the Company's Chicopee, Massachusetts manufacturing
facility.
- Climate Change and Emissions: Callaway recognizes that
climate change is a global issue and needs to be addressed
comprehensively. The Company is committed to operating with a focus
on sustainability, while continuing to manufacture and distribute
high-quality products for its customers.
- Waste Management and Recycling: Callaway has
proactively implemented positive environmental initiatives to
reduce the Company's environmental footprint. Callaway is working
to convert its single-use plastic packaging to recycled plastic
where feasible.
- Water and Wastewater Management: Callaway has
implemented initiatives to ensure its operations and suppliers
manage water and wastewater responsibly. Callaway facilities track
their water usage so that the Company's Operations Team can
identify opportunities to conserve water, maintain recycled water
systems, and implement practices to improve the Company's water
management processes.
Product
- Product Design and Innovation: Callaway actively works
with its development teams and suppliers to find new ways to
minimize its environmental footprint through design
improvements.
- Product Management: Callaway strives to uphold
responsible management practices at all stages of the product
lifecycle. The Company has adopted programs and procedures to
ensure raw materials are sourced responsibly, supply chain
factories minimize the use of toxic chemicals by applying green
chemistry principles, and products can be used — and reused — as
long as possible.
- Product Quality and Compliance: Callaway's Quality
Assurance Team invests time in training the Company's suppliers on
the Acceptable Quality Level process. In 2021, Callaway experienced
no consumer retail product recalls due to safety or environmental
compliance across all of our brands.
Procurement
- Procurement Practices: Over the last decade, Callaway
has consolidated the number of manufacturing partners as much as
possible, allowing the Company to build deeper, long-term
relationships with fewer suppliers, and work together to achieve
socially-responsible procurement.
- Supplier Assessment and Engagement: Callaway regularly
assesses all new and existing suppliers through an extensive
auditing process, including regular and occasionally unannounced
on-site audits conducted or attended by Callaway personnel;
collaborative or self-audits; and periodic third-party on-site
audits to ensure alignment with the Company's Supplier Code of
Conduct, as well as standards and best practices established by
third-party audit responsible sourcing partners.
Callaway's inaugural Sustainability Report was prepared with
reference to the Global Reporting Initiative (GRI) standards and
covers the Company's fiscal year from January 1, 2021 to December 31, 2021. The full report and an
accompanying ESG Data Table can be accessed via the Company's
Investor Relations website at ir.callawaygolf.com. The Company is
committed to publishing a bi-annual Sustainability Report, which
will continue to improve transparency and aid in its future
sustainability efforts.
About Callaway Golf Company
Callaway Golf Company
(NYSE: ELY) is an unrivaled tech-enabled golf company delivering
leading golf equipment, apparel and entertainment, with a portfolio
of global brands including Callaway Golf, Topgolf, Odyssey, OGIO,
TravisMathew and Jack Wolfskin. Through an unwavering
commitment to innovation, Callaway manufactures and sells premium
golf clubs, golf balls, golf and lifestyle bags, golf and lifestyle
apparel and other accessories, and provides world-class golf
entertainment experiences through Topgolf, its wholly-owned
subsidiary. For more information please visit
www.callawaygolf.com, www.topgolf.com, www.odysseygolf.com,
www.OGIO.com, www.travismathew.com, and
www.jack-wolfskin.com.
Sustainability Team
Contact
GlobalSustainability@callawaygolf.com
Investor Contact
Lauren
Scott
(760) 931-1771
invrelations@callawaygolf.com
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SOURCE Callaway Golf Company