August 24, 2022
As part of our commitment to environmental responsibility, in 2021 we continued to meet our 100% renewable electricity goal for global Hasbro owned and operated facilities. In these facilities, Hasbro consumed 21,749 megawatt hours (MWh) of electricity throughout the year. To address our carbon footprint associated with this electricity consumption, we purchased Renewable Energy Certificates (RECs), each of which represent one MWh of renewable energy generated on the same grid as our electricity consumption.
To further support the generation of renewable energy, we purchased RECs to cover more than 100% of the electricity we consumed in each market where they were available. For the three markets in which in-country RECs were not available, Hasbro purchased RECs in neighboring countries to account for the consumed electricity in these markets.
The RECs Hasbro purchased are from a mix of renewable resources including wind, solar, biomass, landfill gas or hydroelectric sources and are independently verified and issued by the appropriate local attribute tracking systems, including the US/Canada Green-E, European Energy Certificate System, I-REC Standard, and the relevant regional tracking systems. RECs issued in the US and Canada are additionally verified by an independent auditor and certified under the Green-e® Renewable Energy Standard for Canada and the United States.
In January 2022, Hasbro made a commitment to set both near-term and net zero Science-Based Targets (SBT) in line with the Science-based Targets Initiative (SBTi). According to the SBTi, carbon offset credits cannot be counted towards emissions reduction activities. To align with this guidance, Hasbro did not purchase carbon offset credits in 2021 and instead has opted to investigate more impactful emissions reduction activities to further promote achieving these new SBTs.
The details of our Renewable Energy Certificates are included in the chart below.
Hasbro 2021 Energy and Emissions Data Table
1 RECs were purchased to address more than 100% of Hasbro electricity use in all markets except for New Zealand, Russia and South Korea, where RECs were not available. The RECs purchased in excess of 100% in available markets cover the small amount of electricity not covered by in-country RECs in these three markets.
2 99.4% (21,626 MWh) of the gross total electricity used (21,749 MWh) is matched with renewable energy sources and 0.6% (123 MWh) from non-renewable energy sources.