Hasbro Named One of the 2020 World's Most Ethical Companies for the 9th Consecutive Year
February 25 2020 - 3:54PM
Business Wire
Recognition honors those companies that take
the long view with a purpose-based strategy and strive to create
positive change throughout their global communities.
Hasbro, Inc., a global play and entertainment company, has been
recognized by Ethisphere, a global leader in defining and advancing
the standards of ethical business practices, as one of the 2020
World’s Most Ethical Companies. Hasbro has been recognized for nine
consecutive years and is one of only three honorees in the consumer
products industry this year.
In 2020, 132 companies spanning 21 countries and 51 industries
were honored.
“Hasbro’s commitment to integrity is central to our purpose to
make the world a better place for children and their families, and
it is evident in every aspect of our business,” said Brian Goldner,
Chairman and CEO, Hasbro, Inc. “From our environmental initiatives,
like our first-in-the-sector toy recycling program, our goal to
eliminate plastic from our packaging and our plans to become carbon
negative; to our commitment to workers in our supply chain with our
industry-leading Ethical Sourcing Academy, we believe every day is
a chance to do better. We are honored that Hasbro was named one of
the World’s Most Ethical Companies for the 9th consecutive year and
are proud to be recognized for our dedication to using our business
as a force for good.”
"More than ever before, employees, investors and customers are
seeking out companies that demonstrate their commitment to leading
with integrity and to using their business as a force for good,”
said Ethisphere’s CEO, Timothy Erblich. “This is the 9th
consecutive year that Hasbro has earned a spot on the World’s Most
Ethical Companies list, a testament to their commitment to making
the world a better place by blending profit and purpose in a
meaningful way.”
Ethics & Performance Ethisphere’s research supports
the conclusion that ethics and financial performance go
hand-in-hand. Our annual practice of tracking how the stock prices
of publicly traded honorees compare to the Large Cap Index found
that listed 2020 World’s Most Ethical Companies outperformed the
large cap sector over five years by 13.5 percent. This “Ethics
Premium” forms the basis upon which companies can correlate
responsible behavior with shareholder value.
Methodology & Scoring Grounded in Ethisphere’s
proprietary Ethics Quotient®, the World’s Most Ethical Companies
assessment process includes more than 200 questions on culture,
environmental and social practices, ethics and compliance
activities, governance, diversity and initiatives to support a
strong value chain. The process serves as an operating framework to
capture and codify the leading practices of organizations across
industries and around the globe. Best practices and insights from
the 2020 honorees will be released in a report and webcast in March
and April of this year.
All companies that participate in the assessment process receive
an Analytical Scorecard providing them a holistic assessment of
where their programs stand against the demanding standards of
leading companies.
Honorees The full list of the 2020 World's Most Ethical
Companies can be found at
https://worldsmostethicalcompanies.com/honorees.
About Hasbro Hasbro (NASDAQ: HAS) is a global play and
entertainment company committed to Creating the World's Best Play
and Entertainment Experiences. From toys, games and consumer
products to television, movies, digital gaming, live action, music,
and virtual reality experiences, Hasbro connects to global
audiences by bringing to life great innovations, stories and brands
across established and inventive platforms. Hasbro’s iconic brands
include NERF, MAGIC: THE GATHERING, MY LITTLE PONY, TRANSFORMERS,
PLAY-DOH, MONOPOLY, BABY ALIVE, POWER RANGERS, PEPPA PIG and PJ
MASKS as well as premier partner brands. Through its global
entertainment studio eOne, Hasbro is building its brands globally
through great storytelling and content on all screens. Hasbro is
committed to making the world a better place for children and their
families through corporate social responsibility and philanthropy.
Hasbro ranked No. 13 on the 2019 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 eight years. Learn
more at www.hasbro.com and follow us on Twitter (@Hasbro) and
Instagram (@Hasbro).
© 2020 Hasbro, Inc. All Rights Reserved.
About the Ethisphere Institute The Ethisphere® Institute
is the global leader in defining and advancing the standards of
ethical business practices that fuel corporate character,
marketplace trust and business success. Ethisphere has deep
expertise in measuring and defining core ethics standards using
data-driven insights that help companies enhance corporate
character and measure and improve culture. Ethisphere honors
superior achievement through its World’s Most Ethical Companies
recognition program and provides a community of industry experts
with the Business Ethics Leadership Alliance (BELA). More
information about Ethisphere can be found at:
https://ethisphere.com.
HAS-C HAS-CSR
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Hasbro, Inc. Media Contact Julie Duffy Hasbro, Inc. (401)
727-5931 julie.duffy@hasbro.com Ethisphere Media Contact Clea
Nabozny +1 (480) 397-2658 clea.nabozny@ethisphere.com
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