08 Apr Foot Locker Releases 2019/20 Impact Report
Foot Locker Inc. released its Impact Report, which describes the company’s efforts to advance its environmental, social and governance (ESG) priorities.
“As a purpose-driven organization, Corporate Social Responsibility is not a separate mandate for our business. Instead, it is embedded in our fabric and fuels our ability to achieve our strategic imperatives,” said Richard Johnson, chairman and chief executive officer, Foot Locker, Inc. “Our inaugural Impact Report highlights our ongoing commitment to advancing Corporate Social Responsibility and building a more sustainable future while delivering meaningful impact for all our stakeholders.”
The report examines the company’s global Corporate Social Responsibility program through its four pillars: Leveraging the Power of Our People and Communities, Managing and Reducing Our Environmental Impacts, Strengthening the Sustainability of Our Supply Chain, and Operating Ethically and Transparently. Key accomplishments in priority areas include:
- Forming a global cross-functional Corporate Social Responsibility team to manage risks, emerging trends and opportunities;
- Participating in the Carbon Disclosure Project (CDP) platform, including providing the company’s global emissions profile;
- Committing in FY20 to invest $200 million over five years to support the company’s Black employees and communities through the Leading in Education and Economic Development (LEED) initiative;
- Launching the company’s Diversity, Inclusion and Belonging (DIBs) strategy to enable a workplace culture in which employees feel valued and engaged and are inspired to achieve their full potential;
- Conducting an internal assessment to identify the company’s highest-priority ESG issues and developing an ESG issue prioritization matrix, which is presented in the report; and
- Aligning the company’s ESG disclosures with the Sustainability Accounting Standards Board (SASB) and Task Force on Climate-related Financial Disclosures (TCFD) reporting standards.
To view the full report, go here.