GlobalData offers a comprehensive analysis of Hasbro, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on Hasbro’s ESG performance. GlobalData’s company profile on Hasbro offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
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Hasbro, a global toy and entertainment enterprise, has pledged to attain net-zero emissions by 2050 as part of its commitment to environmental stewardship. The company has outlined precise targets concerning scope 1, scope 2, and scope 3 emissions, which include direct emissions from its facilities and vehicles, energy usage, and indirect emissions across its supply chain. Hasbro strives for a 47.5% reduction in Scope 1 and Scope 2 emissions and aims for a 42% reduction in Scope 3 emissions by 2030. Hasbro's net-zero science-based target which has been verified by the SBTi, is to achieve a 90% decrease in absolute greenhouse gas (GHG) emissions across Scope 1, 2, and 3 by 2050, using 2020 as the base year.
In 2022, the reported carbon emissions were as follows: 3,783 metric tons of CO2e for Scope 1, 6,173 metric tons of CO2e for Scope 2 (location-based), 27 metric tons of CO2e for Scope 2 (market-based), and a substantial 2,003,839 metric tons of CO2e for Scope 3, encompassing indirect emissions from various sources beyond direct control.
Hasbro has implemented various measures to reduce its emissions and make progress towards its net-zero targets. The company has already taken steps to reduce emissions from owned vehicles, energy consumption from corporate offices and facilities, factories, logistics, and retail stores. It is also working on reducing energy use due to IT hardware and data centers. Additionally, Hasbro is investing in the sourcing of recycled and renewable materials to improve the sustainability of its products.
In conclusion, Hasbro is committed to achieving net-zero emissions and has set specific goals for scope 1, scope 2, and scope 3 emissions. The company is taking steps to reduce its emissions from various sources and is investing in sustainable materials sourcing.
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