Report provides updates on the enterprise's
progress and milestones, including bio-circular materials
innovation and end-of-life solutions that support progress toward
its ambitions
BROOMFIELD, Colo., June 27,
2024 /PRNewswire/ -- Crocs, Inc. (NADSAQ: CROX), a
global leader in innovative casual footwear for all, today
published its 2023 Comfort Report, reflecting important progress,
key milestones and activations surrounding the enterprise's
commitment to Purpose, Corporate Responsibility and
Sustainability.
Now in its third consecutive year of annual reporting, and in
its second year as a multi-brand enterprise, Crocs, Inc. remains
committed to its Purpose to Create a More Comfortable World for
All. This annual report demonstrates how the enterprise continues
building upon its guiding pillars of Comfort for the Planet,
Comfort for Our Communities, and Comfort for All People through its
action-oriented ambitions of Inclusivity, Climate Stability,
Circularity, and Community.
In 2023, Crocs, Inc. successfully piloted a circular model of
consumption through the 'Old Crocs. New Life' takeback program,
giving a new life to shoes collected from consumers in any
condition. This program has since been expanded to all retail
stores and online customers in the continental United States in 2024.
The enterprise also continued to increase the amount of
bio-circular, bio-based content in its Croslite™ compound. Since
August 2023, Crocs, Inc. has exceeded
a monthly average of 20% bio-circular content within its Croslite™
compound, achieving the milestone set out in 2022. The enterprise
is starting to see the impacts from this initiative, driving a 6.1%
reduction of the carbon footprint of its Classic Clog compared to
2021 baseline, which supports progress toward both its goal of 50%
carbon reduction for the Classic Clog by 2030 and ambition of Net
Zero by 2040.
"We are proud of the progress our teams made in 2023 in support
of our Purpose strategy, both in making improvements and
strengthening programs toward positive impact for people and
planet," said Deanna Bratter, Vice
President, Global Head of Sustainability, Crocs, Inc. "How we grow
matters, and we recognize we have a responsibility to infuse our
Purpose into everything we do so that we can continue to do good
for our business, the planet, our communities and our
employees."
In 2023, the enterprise developed a more focused strategy for
how it uses its voice and resources to support nonprofit impact
partners' efforts, donating more than $12
million in funds and shoes. Crocs, Inc. has also seen
continuous improvement in supply chain oversight, advancing efforts
in social compliance and sustainability. In addition, the
enterprise refined its Inclusivity strategy to further support its
'Come As You Are' ethos across employee experience and marketing
practices to support a more inclusive environment for both
employees and fans.
"Our teams achieved impressive top- and bottom-line growth in
2023 while continuing to move the needle on our Purpose," said
Andrew Rees, Chief Executive
Officer, Crocs, Inc. "In 2024, we plan to further align our
successful business growth with greater positive impact for all our
stakeholders."
To Create a More Comfortable World for All, enterprises like
Crocs, Inc. must consider their environmental impacts and the
well-being of the global communities and people they interact with.
After another record-setting year for the business, Crocs, Inc.
remains focused on sustainable and profitable growth that enables
continued investment in innovation and consistent delivery of
products that exceed customer and consumer expectations, while also
doing good for people and the planet.
To read the complete Crocs, Inc. 2023 Comfort Report and learn
more about how the company is taking action to Create a More
Comfortable World for All,
visit investors.crocs.com/responsibility.
About Crocs, Inc.:
Crocs, Inc. (Nasdaq: CROX), headquartered in Broomfield, Colorado, is a world leader in
innovative casual footwear for all, combining comfort and style
with a value that consumers know and love. The Company's brands
include Crocs and HEYDUDE, and its products are sold in more than
85 countries through wholesale and direct-to-consumer channels. For
more information on Crocs, Inc. visit investors.crocs.com. To learn
more about our brands, visit www.crocs.com or www.heydude.com.
Individuals can also visit
https://investors.crocs.com/news-and-events/ and follow both Crocs
and HEYDUDE on their social platforms.
Forward Looking Statement:
This press release includes
estimates, projections, and statements relating to our plans,
commitments, objectives, and expectations that are "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995, Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. These statements include, but are not limited to,
statements regarding our expectations relating to ESG strategy,
targets and goals, including net zero commitments, other company
strategies, our value chain, our products and other environmental
and social matters. These statements involve known and unknown
risks, uncertainties, assumptions and other factors, which may
cause our actual results, performance, or achievements to be
materially different from any future results, performances, or
achievements expressed or implied by the forward-looking
statements. Should known or unknown risks or uncertainties
materialize, or should underlying assumptions prove inaccurate,
actual results could vary materially from past results and from
those anticipated, estimated or projected. Please see the factors
described in our most recent Annual Report on Form 10-K under the
heading "Risk Factors" and our subsequent filings with the
Securities and Exchange Commission. Readers are encouraged to
review that section and all other disclosures appearing in our
filings with the Securities and Exchange Commission.
All information in this press release speaks as of June 27, 2024. We do not undertake any obligation
to update publicly any forward-looking statements, whether as a
result of the receipt of new information, future events, or
otherwise, except as required by applicable law.
PR Contact:
Melissa
Layton, Crocs, Inc.
(303) 848-7885
Mlayton@crocs.com
Investor Contact:
Erinn
Murphy, Crocs, Inc.
(303) 848-7005
emurphy@crocs.com
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SOURCE Crocs, Inc.