Report Highlights Continued Investment and
Progress Towards Achieving Environmental, Social, and
Governance (ESG) Priorities
NEW
YORK, Aug. 24, 2022 /PRNewswire/ -- Foot Locker,
Inc. (NYSE: FL), the New York-based specialty athletic retailer,
today released its FY21 Impact Report, which details the Company's
key ESG initiatives, and highlights its progress in advancing those
ESG priorities.
"Our commitment to purpose, driving meaningful changes in the
communities we serve, and advancing diversity, equity, and
inclusion are integral parts of who we are," said Richard Johnson, Chairman and CEO, Foot Locker,
Inc. "This past year, we have continued to focus on key ESG
priorities, and we are proud of the progress we have made. While we
continue to make investments and push our ESG initiatives forward,
we know there will always be room for us to do more. We will learn
from our past performance and continue to advance our ESG
priorities."
The report highlights the four ways in which the Company
delivers on its purpose responsibly: (1) Leveraging the Power of
Our People and Communities; (2) Strengthening the Sustainability of
Our Supply Chain; (3) Managing and Reducing Our Environmental
Impacts; and (4) Operating Ethically and Transparently.
Key accomplishments in priority areas include:
- Climate change pledge. Foot Locker, Inc. announced an ambition
to achieve Net Zero GHG emissions by 2050 or sooner, in alignment
with climate scientists' recommendations to avoid the worst impacts
of climate change.
- Empowering people and communities. Through our Leading
Education & Economic Development (LEED) Initiative, the Company
committed $200 million over five
years towards enhancing the lives of our team members and the Black
community. As of FY21 year-end, this includes investments in
education and economic development initiatives that total nearly
$54 million.
- Investing in people and advancing our Diversity, Inclusion, and
Belonging strategy (DIBs). Spanning career development,
recognition, and wellness, Foot Locker, Inc. continues to place its
people at the center of its strategy, creating opportunities for
wellbeing, growth, and advancement across the company.
Additionally, Foot Locker, Inc. obtained third-party independent
limited assurance of certain ESG metrics in the
report.
Foot Locker, Inc.'s FY21 Impact Report is available for download
here.
Foot Locker, Inc. leads the celebration of sneaker and youth
culture around the globe through a portfolio of brands,
including Foot Locker, Kids Foot Locker, Champs Sports, Eastbay,
atmos, WSS, and Sidestep. With approximately 2,800 retail stores in
28 countries across North America, Europe, Asia, Australia, and
New Zealand, as well as websites
and mobile apps, Foot Locker, Inc.'s purpose is to inspire and
empower youth culture around the world by fueling a shared passion
for self-expression and creating unrivaled experiences at the heart
of the global sneaker community. Foot Locker, Inc. has its
corporate headquarters in New York. For additional information,
please visit footlocker-inc.
Disclosure Regarding
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the federal securities laws. Other than statements
of historical facts, all statements which address activities,
events, or developments that Foot Locker, Inc. anticipates will or
may occur in the future, including, but not limited to, such things
as future capital expenditures, expansion, strategic plans,
financial objectives, dividend payments, stock repurchases, growth
of Foot Locker, Inc.'s business and operations,
including future cash flows, revenues, and earnings, and other such
matters, are forward-looking statements. These forward-looking
statements are based on many assumptions and factors which are
detailed in Foot Locker, Inc.'s filings with the U.S.
Securities and Exchange Commission.
These forward-looking statements are based largely on our
expectations and judgments and are subject to a number of risks and
uncertainties, many of which are unforeseeable and beyond our
control. For additional discussion on risks and uncertainties that
may affect forward-looking statements, see "Risk Factors" disclosed
in Foot Locker, Inc.'s Annual Report on Form 10-K for
the year ended January 29, 2022,
filed on March 24, 2022. Any changes
in such assumptions or factors could produce significantly
different results. Foot Locker, Inc. undertakes no obligation to
update forward-looking statements, whether as a result of new
information, future events, or otherwise.
Investor Contact:
Robert Higginbotham
Vice President, Investor Relations
robert.higginbotham@footlocker.com
(212) 720-4600
Media Contact:
Cara Tocci
Vice President, Corporate Communications
cara.tocci@footlocker.com
(914) 582-0304
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SOURCE Foot Locker, Inc.