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Hasbro Ranks at No. 7 in CR Magazine's Annual "100 Best Corporate Citizens" List

By Business Wirevia The Motley Fool

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Hasbro Ranks at No. 7 in CR Magazine’s Annual “100 Best Corporate Citizens” List

Hasbro honored for efforts in environmental sustainability, manufacturing ethics, philanthropy, and governance

PAWTUCKET, R.I.–(BUSINESS WIRE)– Global branded play company Hasbro, Inc. (NAS: HAS) has been named to CR Magazine’s“100 Best Corporate Citizens” list for the second year in a row, this year ranking in the top ten at #7. The maker of some of the world’s most popular brands including TRANSFORMERS, MY LITTLE PONY, PLAY-DOH and MONOPOLY was recognized for its increasing transparency regarding the Company’s Corporate Social Responsibility (CSR) efforts, including product safety, environmental sustainability and manufacturing ethics as well as philanthropy. Other notable companies making the list this year include AT&T, Gap, Inc., Campbell Soup Co. and Intel.

“We are proud to be honored for the second consecutive year for our leadership and advancements in corporate social responsibility, including environmental sustainability, manufacturing ethics, philanthropy, and governance,” said Brian Goldner, Hasbro’s President and CEO. “This recognition is a testament to the dedication of our employees around the world, and the strides we’re making in helping to build a safe and sustainable world for future generations.”

This recognition builds on the leadership distinction Hasbro has received from several prestigious organizations over recent years. In March, Hasbro was recognized as one of the “2013 World’s Most Ethical Companies” by the Ethisphere Institute, a leading global business ethics think-tank dedicated to the creation, advancement and sharing of best practices in business ethics, corporate social responsibility, anti-corruption and sustainability.

Highlights of Hasbro’s CSR efforts include:

  • Reduced packaging: In 2012, Hasbro began to reduce the amount of material used in packaging for products in its brand portfolio. This builds upon Hasbro’s ongoing sustainable packaging commitment.
  • Phase-out of PVC in packaging: Hasbro has already phased out polyvinyl chloride (PVC) from new product packaging, and will continue to reduce PVC in all packaging until completely eliminated.
  • Using Materials Responsibly: Hasbro’s owned and operated North American factory which makes many of the company’s board games and puzzles uses vegetable-based printing inks and aqueous

    From: http://www.dailyfinance.com/2013/04/11/hasbro-ranks-at-no-7-in-cr-magazines-annual-100-be/