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Hasbro (NYSE:HAS) publishes 2010 Corporate Social Responsibility (CSR) Report
Hasbro (NYSE:HAS) publishes 2010 Corporate Social Responsibility (CSR) Report
Published 12-08-11
Issued by Hasbro, Inc.
Summary
The report announces that the company will eliminate polyvinyl chloride (PVC) from all new core toy and game packaging, beginning in 2013.
Report Highlights
Hasbro Announces Commitment to Eliminate PVC from Core Product Packaging in the Company’s First Corporate Social Responsibility Report
PAWTUCKET, R.I. – Dec. 8, 2011 – Hasbro, Inc. (NASDAQ: HAS) – announced today in its 2010 Corporate Social Responsibility (CSR) Report that it will eliminate polyvinyl chloride (PVC) from all new core toy and game packaging, beginning in 2013.
Phasing out PVC in packaging is the most recent effort in a long series of sustainable packaging initiatives by Hasbro, all of which are designed to minimize the impact on natural resources:
• Elimination of Wire Ties: In 2010, Hasbro replaced all wire ties in its packages with ties made from paper rattan or bamboo mix to reduce environmental impact.
• Increase in Recycled Content: In 2010, Hasbro set a goal to derive at least 75 percent of paper and board packaging from recycled material, or from sources that practice sustainable forest management, by 2011. By 2015, Hasbro plans to increase that goal to 90 percent.
• New Sourcing of Paper: Hasbro outlined an aggressive paper sourcing policy in 2011, providing guidelines for suppliers regarding sustainable paper sourcing to help ensure that paper used in Hasbro products aligns with the company’s commitment to environmental sustainability.
Additionally, Hasbro’s commitment to continuous improvement in CSR focuses on three key priorities: product safety, manufacturing ethics, and environmental sustainability. Accomplishments outlined in the company’s 2010 CSR Report include:
• Reducing the company’s global greenhouse gas emissions by more than 11 percent from a 2008 baseline, using Greenhouse Gas Protocol guidelines
• Issuing zero product recalls
• Producing zero waste in U.S. manufacturing processes
• Increasing transparency in its supply chain by disclosing International Council of Toy Industries (ICTI) Seal of Compliance data and sharing a list of core third party vendors and factories
To read Hasbro’s 2010 CSR Report, please visit www.hasbro.com/csr.
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Hasbro, Inc.
Hasbro, Inc.
Hasbro, Inc. is a global company committed to Creating the World's Best Play Experiences, by leveraging its beloved brands, including LITTLEST PET SHOP, MAGIC: THE GATHERING, MONOPOLY, MY LITTLE PONY, NERF, PLAY-DOH and TRANSFORMERS, and premier partner brands. From toys and games, television programming, motion pictures, digital gaming and lifestyle licensing, Hasbro fulfills the fundamental need for play and connection with children and families around the world. The Company's Hasbro Studios and its film label, ALLSPARK PICTURES, create entertainment brand-driven storytelling across mediums, including television, film, digital and more. Through the company's commitment to corporate social responsibility, Hasbro is helping to build a safe and sustainable world and to positively impact the lives of millions of children and families. Learn more at www.hasbro.com, and follow us on Twitter (@Hasbro & @HasbroNews) and Instagram (@Hasbro).