Hasbro ranked #1 in the Household Goods and
Apparel industry, earning top spots for environmental performance
and investment in workers
Today Hasbro, Inc. (NASDAQ: HAS) was named one of America’s Most
JUST Companies, recognized for its commitment to serving its
workers, customers, communities, the environment and shareholders
in the annual Forbes JUST 100 list published by Forbes and JUST
Capital. The list is published annually to showcase the companies
doing right by all of their stakeholders. In addition, Hasbro was
ranked first in its industry in how a company invests in its
employees and in how it reduces its environmental impact.
Through vigorous, objective analysis, the Forbes JUST 100
evaluates and celebrates U.S. corporations that outperform on the
issues that matter most to the American public – like paying a fair
wage, upholding human rights across the supply chain, investing in
worker training, acting ethically and with integrity, cultivating a
diverse and inclusive workplace, protecting worker health and
safety, providing good benefits and work-life balance, and more. By
striving to meet the needs of all stakeholders, JUST 100 leaders
demonstrate that profits and purpose go hand in hand.
“We are honored to be recognized as one of America’s most JUST
Companies for 2021. Our talented and passionate teams around the
world dedicate themselves every day to doing the right thing for
all our constituents including the consumers and communities we
serve. Corporate Social Responsibility is at the center of
everything we do; we see every day as an opportunity to fulfill our
purpose of making the world a better place for all children and all
families,” said Brian Goldner, chairman and CEO of Hasbro, Inc.
The annual Rankings evaluate the 1,000 largest public U.S.
companies across 19 issues, identified through the most
comprehensive surveys ever conducted on public attitudes toward
responsible corporate behavior, engaging 4,469 American respondents
in 2020 and over 110,000 total participants over the past seven
years.
JUST Capital expanded this year’s methodology to capture 38
COVID-19 specific data points from their COVID-19 Corporate
Response Tracker. The new analysis includes hourly wages increases,
paid sick leave, and healthcare benefits for furloughed employees
(Workers); payment deferrals, price cuts, and services for
vulnerable groups (Customers); cash or in-kind donations to support
community relief (Communities); and CEO, or executive, pay cuts
(Shareholders).
“Now more than ever, business leaders have the chance to spark
lasting systemic change within their companies and across society,”
said Forbes Senior Editor Steven Bertoni. “The companies in this
year’s JUST 100 show that we can face the twin tragedies of the
COVID-19 pandemic and racial inequality and continue to improve our
actions and refocus our missions to do better, and be better, for
all stakeholders.”
Compared to their Russell 1000 peers, companies in the JUST 100
on average:
- Pay their median workers 18% more.
- Are 4.3 times more likely to have conducted a gender or
race/ethnicity pay equity analysis.
- Are 5.6 times more likely to have set diversity and inclusion
targets for their workforces.
- Are 12 times more likely to disclose they have conducted a
human rights audit within their supply chain.
- Gave 6 times more to charitable causes as a percentage of their
pretax profit.
- Were 140% more likely to have offered price cuts to customers
during the pandemic.
- Were 92% more likely to have shifted to or prioritized the
production of products to support the fight against the
pandemic.
- Use 123% more green energy.
- Emit 86% fewer tons of PM 2.5 emissions into the
atmosphere.
- Had 56% higher total shareholder return over the past five
years.
- Had a 7.2% higher return on equity.
“In the face of a global pandemic, economic recession, and
national reckoning with racial injustice, the American public is
demanding more from our corporate leaders than ever before,” said
Martin Whittaker, CEO of JUST Capital. “The companies featured in
the 2021 JUST 100 list have stepped up in service of their workers,
customers, and communities this year while delivering long-term
value to shareholders.”
Both the Forbes JUST 100 and the Industry Leader list will be
featured in the November issue of Forbes, with additional stories
at www.forbes.com/just100 and a comprehensive interactive ranking
and benchmarking platform at www.justcapital.com.
HAS-IR HAS-C HAS-CSR
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 all children and all families
through corporate social responsibility and philanthropy. Hasbro
ranked among the 2020 100 Best Corporate Citizens by 3BL Media and
has been named one of the World’s Most Ethical Companies® by
Ethisphere Institute for the past nine years. We routinely share
important business and brand updates on our Investor Relations
website, Newsroom and social channels (@Hasbro on Facebook, Twitter
and Instagram.)
About Forbes
The defining voice of entrepreneurial capitalism, Forbes
champions success by celebrating those who have made it, and those
who aspire to make it. Forbes convenes and curates the most
influential leaders and entrepreneurs who are driving change,
transforming business and making a significant impact on the world.
The Forbes brand today reaches more than 160 million people
worldwide through its trusted journalism, signature LIVE events,
custom marketing programs and 40 licensed local editions in 70
countries. Forbes Media’s brand extensions include real estate,
education and financial services license agreements. For more
information, visit the Forbes News Hub or Forbes Connect.
About JUST Capital
The mission of JUST Capital, an independent nonprofit, is to
build an economy that works for all Americans by helping companies
improve how they serve all their stakeholders – workers, customers,
communities, the environment, and shareholders. We believe that
business and markets can and must be a greater force for good, and
that by shifting the resources of the $19 trillion private sector,
we can address systemic issues at scale, including income
inequality and lack of opportunity. Guided by the priorities of the
public, our research, rankings, indexes, and data-driven tools help
measure and improve corporate performance in the stakeholder
economy. To learn more about how data-driven insights are creating
a more just future for capitalism, visit: www.JUSTCapital.com.
About Our Methodology
Since 2015, JUST Capital has surveyed 110,000 Americans –
representative of the U.S. adult population – including more than
17,000 in 2020 alone. Survey work consists of both qualitative
focus groups and quantitative surveys. The 2020 Annual Weighting
Survey, conducted in partnership with The Harris Poll and NORC at
the University of Chicago, includes responses from close to 4,500
respondents. JUST Capital then tracked and evaluated 931 companies
across five stakeholders, 19 issues, and 336 unique data points to
produce the ranking model that drives America’s Most JUST
Companies, including the JUST 100 and Industry Leader lists. This
selection of companies draws from the Russell 1000 Index, which
represents over 90% of the U.S. stock market value.
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version on businesswire.com: https://www.businesswire.com/news/home/20201014005866/en/
Hasbro Media Contact: Julie Duffy Julie.duffy@hasbro.com
401-727-5931
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