TORONTO, July 28, 2017 /PRNewswire/ - Today, HBC published
its 2016 Corporate Social Responsibility (CSR) Report, outlining
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. With operations around
the world, HBC is committed to growth that is sustainable, ethical
and good for both people and the planet.
"While HBC is evolving with the changing retail landscape, our
commitment to doing the right things for the right reasons remains
constant," said Jerry Storch, Chief
Executive Officer, HBC. "As a truly global company, we have an
opportunity and an obligation to make a positive impact on the
people and places that make HBC the company it is today—from our
employees to our customers, our local communities to the global
supply chain, our focus on good corporate citizenship is
unwavering."
Highlights of the 2016 report:
- HBC and its various foundations contributed $8 million (USD) to hundreds of charitable
organizations across North America
and Europe.
- In Canada, the 8th
edition of Hudson's Bay's iconic
red mittens raised more than $1
million (CDN) for the Canadian Olympic Foundation.
- To further support Canada's
Olympic hopefuls, the HBC Foundation launched the $2.5 million (CDN) HBC Athlete Bursary
Program.
- Saks Fifth Avenue's 18th annual Key to the Cure
Campaign raised $500,000 (USD) for
women's cancer organizations across the U.S.
- North American plastics recycling saved the equivalent of 3,822
M3 of landfill space and 3,677,976 kWh of energy
- In Europe, systematic waste
management at Galeria Kaufhof resulted in 0% of waste going to
landfill.
- HBC's North American associates enhanced their skills and
knowledge with 107,137 hours of training, completing 416,548
courses.
- HBC's mandatory Social Compliance Program requires vendors to
disclose their factories and participate in factory audits to
ensure they conduct business in an ethical and socially responsible
manner. In 2016, HBC approved 2,219 factories for private
label and national branded manufacturing across North American and
European operations.
In line with HBC's sustainability guidelines, the Hudson's Bay Company 2016 Corporate Social
Responsibility Report is available online only at HBC.com.
About HBC
HBC is a diversified global retailer focused on driving the
performance of high quality stores and their all-channel offerings,
growing through acquisitions, 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 over 66,000 employees around the world.
HBC's leading banners across North
America and Europe include
Hudson's Bay, Lord & Taylor,
Saks Fifth Avenue, Gilt, Saks OFF 5TH, Galeria Kaufhof, the largest
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.
SOURCE Hudson's Bay