HBC Releases 2017 Corporate Social Responsibility Report
TORONTO, ON (August 30, 2018) – Today, HBC published its 2017 Corporate Social Responsibility (CSR) Report, highlighting the Company’s commitment to sustainable practices that are ethical and good for both people and the planet. The report outlines the Company’s global sustainability and social responsibility efforts in four focus areas: Investing in Communities where HBC Operates, Contributing to a Sustainable Environment, Sourcing Ethically, and Engaging Associates.
“While the retail industry continues to evolve, one thing that remains constant is HBC’s commitment to good corporate citizenship,” said Helena Foulkes, Chief Executive Officer, HBC. “I am proud of our associates and the work they do for the betterment of the planet and the communities in which we operate around the world, whether through our industry-leading waste diversion programs or supporting one another through times of hardship. HBC will continue to embrace programs and initiatives that foster a values-driven culture of social responsibility. ”
Highlights of the 2017 report:
- HBC launched a Foundation in the U.S., and announced a philanthropic focus on mental health for both the Canadian and U.S. Foundations and a $6 million (CAD) commitment to mental health initiatives across North America by the end of 2020
- Saks Fifth Avenue raised more than $700,000 (USD) through the annual Key to the Cure campaign, bringing the total to more than $40 million over the campaign’s 40-year history
- Hudson’s Bay raised $1 million (CAD) to help complete the Great Trail in celebration of Canada’s 150th birthday
- More than 1,100 HBC merchants completed social compliance training in 2017
- HBC associates deepened their knowledge in a variety of areas with more than 206,000 hours of training
- HBC’s logistics network continued to set new records with three locations achieving zero lost-time injuries in 2017
- Waste diversion continued to be a key operational focus, with a 68% waste diversion rate
- In Europe, HBC reduced the number of plastic shopping bags at Galeria Kaufhof by 80% since the introduction of a fee in May 2016
- In line with HBC’s sustainability guidelines, the Hudson’s Bay Company 2017 Corporate Social Responsibility Report is available online only at HBC.com.
About Hudson’s Bay Company
HBC is a diversified global retailer focused on driving the performance of high quality stores and their omni-channel platforms and unlocking the value of real estate holdings. Founded in 1670, HBC is the oldest company in North America. HBC’s portfolio today includes formats ranging from luxury to premium department stores to off price fashion shopping destinations, with more than 480 stores and approximately 65,000 employees around the world.
HBC’s leading banners across North America and Europe include Hudson’s Bay, Lord & Taylor, Saks Fifth Avenue, Saks OFF 5TH, Galeria Kaufhof, the leading department store group in Germany, and Belgium’s only department store group Galeria INNO.
HBC has significant investments in real estate joint ventures. It has partnered with Simon Property Group Inc. in the HBS Global Properties Joint Venture, which owns properties in the United States and Germany. In Canada, it has partnered with RioCan Real Estate Investment Trust in the RioCan-HBC Joint Venture.