Updated goals complement Mattel’s goal to
achieve 100% recycled, recyclable, or bio-based plastic materials
in all products and packaging by 2030
Mattel, Inc. (NASDAQ: MAT) today published its 2020 Citizenship
Report, including updated Environmental, Social, and Governance
(ESG) strategy and goals. The company plans to optimize its
resource consumption and reduce absolute Scope 1 and Scope 2
greenhouse gas (GHG) emissions by 50% and achieve zero
manufacturing waste by 2030.
The report also includes the company’s updated ESG strategy, as
well as Mattel’s previously announced goal to achieve 100%
recycled, recyclable, or bio-based plastic materials in all
products and packaging by 2030 and to maintain 100% pay equity
globally and increase representation of women and by ethnicity
across all levels of the organization.
Mattel’s ESG strategy and goals are organized in three pillars,
which represent the ESG areas where the company believes it can
have the greatest impact: Sustainable Design and Development,
Responsible Sourcing and Production, and Thriving and Inclusive
Communities.
“As a purpose-driven company, we take our role as a responsible
corporate citizen very seriously,” said Ynon Kreiz, Chairman and
CEO, Mattel. “Our updated ESG strategy serves to build upon a solid
foundation and leverages additional opportunities to manage our
business more sustainably in a rapidly changing world. We are
aiming to have a positive influence on the world around us while
continuing to execute our transformation strategy and advance our
purpose to empower the next generation to explore the wonder of
childhood and reach their full potential.”
Under the Sustainable Design and Development pillar, Mattel’s
strategy is to develop innovative products and experiences that are
better for our world by integrating sustainable materials and
principles of product stewardship and circular design. The company
continues to make progress in support of its goal to achieve 100%
recycled, recyclable, or bio-based plastic materials in all
products and packaging by 2030. Last month, Mattel launched Barbie®
Loves the Ocean, its first fashion doll line made from recycled
ocean-bound plastics.*
Mattel also recently announced Drive Toward a Better Future, its
product roadmap to make all Matchbox® die-cast cars, playsets, and
packaging with 100% recycled, recyclable, or bio-based plastic
materials by 2030, as well as Mattel Playback, a toy takeback
program designed to recover and reuse materials from old Mattel
toys for future Mattel products.
Under the Responsible Sourcing and Production pillar, Mattel’s
strategy is to optimize its resource use in operations to reduce
environmental effects and promote ethical sourcing practices and
worker health and safety throughout its supply chain. The company
has updated its operating footprint goal to reduce absolute Scope 1
and Scope 2 GHG emissions 50% by 2030, versus Mattel’s 2019
baseline,** in support of the Paris Agreement. To achieve this
goal, Mattel plans to use multiple levers, which may include
reducing the amount of energy the company consumes through building
and equipment upgrades, more automated controls, as well as
purchasing electricity from renewable sources.
Mattel is also aiming to achieve zero manufacturing waste by
2030.*** To accomplish this goal, the company is conducting on-site
waste audits of its owned and/or operated sites to determine the
causes, sources, types, volumes, and costs of waste being
generated, and is developing site-specific strategies with a focus
on a waste-minimization hierarchy – reduce, reuse, and recycle.
Under the Thriving and Inclusive Communities pillar, Mattel’s
strategy is to create positive social impact through purposeful
play and by supporting diverse, equitable, and inclusive
communities where we live, work, and play. Most notably, the
company has made significant progress in increasing representation
of women and ethnically diverse talent and recently achieved 100%
base pay equity for employees globally.****
“At Mattel, we aim to contribute to a more diverse, equitable,
inclusive and sustainable future,” added Pamela Gill-Alabaster,
Head of Global Sustainability, Mattel. “Our updated ESG strategy
and goals, recent sustainable new product launches, and toy
takeback program are all part of a broader effort to manage our
business more sustainably.”
About Mattel
Mattel is a leading global toy company and owner of one of the
strongest catalogs of children’s and family entertainment
franchises in the world. We create innovative products and
experiences that inspire, entertain, and develop children through
play. We engage consumers through our portfolio of iconic brands,
including Barbie®, Hot Wheels®, Fisher-Price®, American Girl®,
Thomas & Friends®, UNO®, and MEGA®, as well as other popular
intellectual properties that we own or license in partnership with
global entertainment companies. Our offerings include film and
television content, gaming, music, and live events. We operate in
35 locations and our products are available in more than 150
countries in collaboration with the world’s leading retail and
ecommerce companies. Since its founding in 1945, Mattel is proud to
be a trusted partner in empowering children to explore the wonder
of childhood and reach their full potential. Visit us online at
mattel.com.
*Plastic parts made from 90% plastic sourced within 50km of
waterways in areas lacking formal waste collection systems. Doll
head, shoes, tablet and beach lantern accessory excluded.
**Absolute Scope 1 + 2 GHG Emissions defined as total Scope 1
GHG emissions from on-site fossil fuel consumption and fleet fuel
consumption, and total Scope 2 GHG emissions from purchased
electricity, steam, heat, or cooling; applies to all Mattel-owned
and/or-operated sites, including manufacturing facilities,
distribution centers, corporate locations, and retail stores over
20,000 square feet.
***Defined as 90% of manufacturing waste being either diverted
from the landfill or incinerated with energy recovery, except where
otherwise directed by local regulations.
****By Gender and by Ethnicity. Representation as of April 23,
2021 for employees performing similar work with comparable roles
and experience in similar markets, excluding manufacturing labor
and temporary and seasonal employees.
MAT-CORP
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version on businesswire.com: https://www.businesswire.com/news/home/20210805005394/en/
News Media Catherine Frymark Catherine.Frymark@Mattel.com Niki
Kazakos Niki.Kazakos@mattel.com
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