Operations and the Environment
Hasbro recognizes climate change is a significant environmental concern for the global community. The physical consequences of climate change and the financial consequences of an evolving regulatory framework could potentially present significant impacts on our business. These may include increased energy costs and the likelihood of more frequent extreme weather events that disrupt product supply chains. In an effort to minimize Hasbro’s contribution to greenhouse gas (GHG) emissions, we are acting to reduce energy use across the business.
Our energy policy requires all owned and operated facilities worldwide to document site-specific energy management and efficiency practices, and communicate them to employees. We also conduct energy assessments every three years at our office and warehouse facilities.
These have led, for example, to lighting upgrades, installing occupancy sensors and roof insulation, replacing door and window seals, ensuring equipment is powered down when not in use, setting heating and cooling systems to optimal temperatures, and converting boilers to natural gas.
Since 2013, we set a target to evaluate green building standards for renovations impacting more than 40 percent of space in new or existing facilities.
In 2008, we set a goal to reduce Scope 1 (direct) and Scope 2 (indirect) global emissions at our owned and operated facilities by 10 percent from 2008 levels by 2012. We achieved a 32 percent reduction, and have committed to further reduce Scope 1 and Scope 2 emissions by 20 percent from 2015 levels by 2025. In addition, we aim to reduce energy consumption at these facilities by 20 percent from 2015 levels by 2025.
Our Annual Renewable Energy Performance Statement is available online.
"Hasbro has made great strides in reducing greenhouse gas emissions. Their commitment to reducing carbon pollution demonstrates that efforts to address climate change are repaid by saving money and energy, while supporting more livable and resilient communities, and a healthier, better protected environment."
Hasbro was proud to be an early corporate leader in reporting our climate impact. As a charter member of the U.S. Environmental Protection Agency (EPA) Climate Leaders program, we started reporting GHG emissions from our U.S. operations in 2002 and globally in 2007. In 2011 we began reporting our GHG emissions to the CDP. See Hasbro’s annual CDP response here.
We measure our GHG emissions using the Greenhouse Gas Protocol, a corporate accounting and reporting standard. This external set of guidelines provides benchmark standards and direction for companies worldwide in preparing a comprehensive and robust GHG emissions inventory.
Visit our latest CSR Report for our energy consumption and greenhouse gas emissions data.