The Container Store Publishes Second Annual Sustainability Report
June 20 2023 - 4:56PM
Business Wire
The Container Store Group, Inc (the “Company”), the leading
specialty retailer of organizing solutions, custom spaces, and
in-home services, today announced the release of its second annual
Sustainability Report. The fiscal 2022 report details the Company’s
Environmental, Social, and Governance (“ESG”) continued strategic
progress, which focuses on empowering its people, operating in an
environmentally responsible manner, and delivering sustainable
value to its customers, communities, employees, suppliers, and
shareholders.
“It is encouraging to see the progress we have made against our
ESG strategy, which directly supports our growth as a business, and
enables us to meet the needs and demands of our customers and
valued stakeholders,” said Satish Malhotra, Chief Executive Officer
and President of The Container Store. “Our ESG commitments are
guided by our seven Foundation Principles, which are core to our
culture and propel our company toward a more sustainable future.
Our fiscal 2022 report demonstrates how our integrated approach is
advancing our broader goals as a sustainable business and
benefiting all company stakeholders in significant ways.”
Highlights of progress and achievements from the past year
include:
- Continued to minimize the Company’s carbon footprint by
implementing LED lighting, retrofitting stores, and offsetting its
energy consumption with 100 percent renewable wind power
- Delivered more opportunities to help customers reduce their
environmental impact by increasing the Company’s sustainable
product assortment – an important effort that supports The
Container Store’s goal of reaching 30 percent of its product
assortment classified as sustainable by 2027
- Named one of the Top 30 Retail Partner Companies for 2022 for
the Green Power Partnership by the Environmental Protection
Agency
- Launched I.D.E.A. (Inclusion, Diversity, Equity and Access), a
mentoring and development program that supports The Container
Store’s effort to attract, retain, and develop strong, diverse,
high performing leaders
- Saw 203 percent growth in members of employee resource groups
representing and supporting the interests and professional growth
of its diverse talent
- Launched first EV 360 Carbon calculator to provide entire
supplier network with a free calculation of their GHG emissions,
further supporting efforts in evaluating Scope 3 footprint
This year’s report demonstrates the Company’s progress against
its top-ranked material topics, resulting from the formal
materiality assessment it conducted in 2021. To further strengthen
the Company’s commitment to ESG Integrity, in 2022, the Company
launched a new data mapping process to ensure data credibility and
process efficiency. It also partnered with third-party experts to
build a customized data integrity program to manage data mapping
and systems analysis and facilitate a formal internal controls
assessment, which analyzes the Company’s internal controls and risk
management processes.
To learn more about the company’s ESG commitments, or to
download a copy of the 2022 Sustainability Report, please click
here. The report aligns to leading sustainability frameworks and
reporting standards including the Global Reporting Initiative, the
Sustainability Reporting Standards Board, and the Task Force on
Climate-Related Financial Disclosures.
About The Container Store
The Container Store Group, Inc. (NYSE: TCS) is the nation’s
leading specialty retailer of organizing solutions, custom spaces,
and in-home services – a concept they originated in 1978. Today,
with locations nationwide, the retailer offers more than 10,000
products designed to transform lives through the power of
organization.
Visit www.containerstore.com for more information about
products, store locations, services offered and real-life
inspiration.
Follow The Container Store on Facebook, Twitter, Instagram,
TikTok, YouTube, Pinterest and LinkedIn.
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version on businesswire.com: https://www.businesswire.com/news/home/20230620800694/en/
Investors: ICR, Inc. Farah Soi/Caitlin Churchill,
203-682-8200 Farah.Soi@icrinc.com Caitlin.Churchill@icrinc.com
Media: The Container Store Group, Inc. Katelyn Clinton,
972-538-6000 publicrelations@containerstore.com
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