Leading gaming accessories provider Turtle Beach Corporation
(Nasdaq: HEAR) today officially announced the Company’s
Environmental, Social, and Governance (ESG) program, entitled
Play with Purpose. The Company’s Play with Purpose
program, along with its ESG Policy adopted by its Board of
Directors, formalizes the Company’s ESG initiatives and sets goals
that are, and will continue to be, a vital part of Turtle Beach
Corporation’s business. Available on the Company’s corporate
website, Play with Purpose highlights Turtle Beach
Corporation’s current and future initiatives and goals to reduce
its carbon footprint, eliminate plastic packaging, reduce packaging
size, and add carbon impact labels on select products across its
Turtle Beach, ROCCAT, and Neat Microphones brands. Beyond Turtle
Beach Corporation’s ESG goals, Play with Purpose also
provides insight into the Company’s diversity and inclusion and
community involvement commitments.
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Turtle Beach Corporation launches “Play
with Purpose” – establishing the company’s environmental, social,
and governance goals to further improve global impact (Graphic:
Business Wire)
“As one of the most well-known brands in gaming for decades,
Turtle Beach has had a long-term commitment to ESG initiatives and
today’s announcement articulates our future goals,” said Juergen
Stark, Chairman and CEO, Turtle Beach Corporation. “With the
guidance of the team at RPS Group, amplified by the energy within
the organization to continue to do more and do better, we are
excited to share these plans and our goals with the community. We
want to ensure that when consumers buy Turtle Beach, ROCCAT, and
Neat Microphones products, they have confidence knowing we’re
focused on minimizing environmental impact, in addition to knowing
they’re getting the highest-quality product.”
One of Turtle Beach Corporation’s commitments to date includes
reducing plastic use in packaging by 88% (by weight) for the
Company’s Stealth 600 Gen 2 headset for Xbox (as compared to the
original Stealth 600 Xbox headset model). In addition, with other
headset models, plastic use was reduced by 87%-96% (by weight).
Turtle Beach Corporation has also re-engineered product packaging
over time to reduce the overall size and allow for more efficient
shipping, which reduces the carbon output associated with shipping
products.
Nevertheless, Turtle Beach Corporation plans to go further. By
2023, the Company aims to introduce carbon neutral products and
place carbon impact labeling on select products. Turtle Beach’s ESG
team is investigating potential sources of post-consumer recycled
plastics (PCR) and ways to best integrate PCRs into future
products. By 2024, the goal is to incorporate at least 10% PCRs
into select products. These actions will not only minimize Turtle
Beach Corporation’s environmental impact, but will also enable
Turtle Beach, ROCCAT, and Neat Microphones customers to make
informed purchasing decisions that support a more sustainable
lifestyle.
Turtle Beach Corporation’s Play with Purpose program is
also about more than the environment. Indeed, the Company has
always taken a strong position to support diversity and inclusion,
along with steadfast community support and interaction. The Company
believes workplace diversity creates an environment where different
perspectives lead to improved creativity, productivity, team member
engagement, and overall employee happiness. To embrace diversity,
Turtle Beach has taken initiatives such as working with
diversity-focused, specialized job sites to increase the diversity
of its candidate pool.
In addition to the Company’s long-standing in-house diversity
efforts, over 60% of Turtle Beach Corporation’s roster of external
gaming partners and creator talent come from under-represented
groups in gaming. Turtle Beach Corporation also supports the
broader community by giving back to causes that we, along with our
customers and our partners, care strongly about. For example, in
2020, in support of social justice reform Turtle Beach Corporation
partnered with Roc Nation and Team Roc to provide financial support
for The Gathering for Justice and Until Freedom. Also, in 2021
Turtle Beach announced a long-term partnership with GLSEN to
support LGBTQ+ gamers.
Stark added, “We want to work with a diverse group of the best
and brightest people, because it makes Turtle Beach Corporation a
better place. Whether it’s the individuals that make up the
Company, other companies we work with, or the influencers, content
creators, and pro gamers we partner with, diversity has always
played an important role in how we do business.”
Turtle Beach Corporation engaged RPS Group – a global ESG
consultancy, to help enhance its ESG strategy, assist with
implementation, and provide an objective assessment of its current
standing with respect to ESG matters.
For More Info on Turtle
Beach
For more information on the latest Turtle Beach products and
accessories, visit www.turtlebeach.com and be sure to follow Turtle
Beach on TikTok, Twitter, Instagram, Facebook and YouTube.
For More Info on ROCCAT
For more information on the latest ROCCAT PC gaming products and
accessories, visit ROCCAT.com and be sure to follow ROCCAT on
TikTok, Twitter, Instagram, Facebook, and YouTube.
For More Info on Neat
Microphones
For the latest information on Neat Microphones’ lineup of
professional and consumer microphones, visit www.neatmic.com.
About RPS Group
RPS is a leading global professional services firm with over
5,000 people located in 125 countries. RPS helps clients develop an
ESG strategy that bolsters their corporate strategy, satisfy
customers and investors’ expectations, minimize risk, capture
opportunities, and strengthen the company’s reputation. RPS reviews
the ESG risks and opportunities based on the Company’s industry,
operations, geographic footprint, business model, and other
considerations. RPS investigates companies’ standing on a variety
of topics, including product stewardship, supply chain, human
capital, ethics, climate resiliency, among others.
About Turtle Beach
Corporation
Turtle Beach Corporation (corp.turtlebeach.com) is one of the
world’s leading gaming accessory providers. The Company’s namesake
Turtle Beach brand (www.turtlebeach.com) is known for designing
high-quality, comfort-driven headsets for all gamers. Innovation,
first-to-market features, a broad range of products, and top-rated
customer support have made Turtle Beach a fan-favorite brand and
the market leader in console gaming audio for over a decade. In
2021, Turtle Beach expanded the best-selling brand beyond headsets
and successfully launched the first of its groundbreaking game
controllers and gaming simulation accessories. Turtle Beach’s
ROCCAT brand (www.roccat.com) combines detail-loving German
innovation with a genuine passion for designing the best PC gaming
products, including award-winning keyboards, mice, headsets,
mousepads, and other PC accessories. Turtle Beach’s Neat
Microphones brand (www.neatmic.com) creates high-quality USB and
analog microphones for gamers, streamers, professionals and
students that embrace cutting-edge technology and design. Turtle
Beach’s shares are traded on the Nasdaq Exchange under the symbol:
HEAR.
Cautionary Note on Forward-Looking
Statements
This press release includes forward-looking information and
statements within the meaning of the federal securities laws.
Except for historical information contained in this release,
statements in this release may constitute forward-looking
statements regarding assumptions, projections, expectations,
targets, intentions or beliefs about future events. Statements
containing the words “may,” “could,” “would,” “should,” “believe,”
“expect,” “anticipate,” “plan,” “estimate,” “target,” “goal,”
“project,” “intend” and similar expressions, or the negatives
thereof, constitute forward-looking statements. Forward-looking
statements involve known and unknown risks and uncertainties, which
could cause actual results to differ materially from those
contained in any forward-looking statement. Forward-looking
statements are based on management’s current belief and
expectations, as well as assumptions made by, and information
currently available to, management.
While the Company believes that its expectations are based upon
reasonable assumptions, there can be no assurances that its goals
and strategy will be realized. Numerous factors, including risks
and uncertainties, may affect actual results and may cause results
to differ materially from those expressed in forward-looking
statements made by the Company or on its behalf. Some of these
factors include, but are not limited to, risks related to, the
substantial uncertainties inherent in the acceptance of existing
and future products, the difficulty of commercializing and
protecting new technology, the impact of competitive products and
pricing, general business and economic conditions, risks associated
with the expansion of our business including the integration of any
businesses we acquire and the integration of such businesses within
our internal control over financial reporting and operations, our
indebtedness, the Company’s liquidity, and other factors discussed
in our public filings, including the risk factors included in the
Company’s most recent Annual Report on Form 10-K, Quarterly Report
on Form 10-Q, and the Company’s other periodic reports. Except as
required by applicable law, including the securities laws of the
United States and the rules and regulations of the Securities and
Exchange Commission, the Company is under no obligation to publicly
update or revise any forward-looking statement after the date of
this release whether as a result of new information, future
developments or otherwise.
All trademarks are the property of their respective owners.
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version on businesswire.com: https://www.businesswire.com/news/home/20220421006015/en/
North America Eric
Nielsen Step 3 Public Relations 202.276.5357
eric@step-3.com
MacLean Marshall Sr. Director, Public Relations &
Brand Communications Turtle Beach Corporation
858.914.5093 maclean.marshall@turtlebeach.com
Europe Jessica
Albiston Sr. Marketing Communications Manager Turtle
Beach Germany GMBH jessica.albiston@turtlebeach.com
Keith Hennessey Sr. Director, Communications &
Partnerships – International Turtle Beach +44 (0)
1256 678350 keith.hennessey@turtlebeach.com
Investor Information:
Cody Slach or Alex Thompson Gateway Investor
Relations 949.574.3860 hear@gatewayir.com
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