AEO Inc. Expands ESG Goals and Highlights More Than Two Decades of Progress in Second “Building a Better World” Report
14 Setembro 2023 - 9:30AM
Business Wire
- Report Prepared in Alignment with the Sustainability Accounting
Standards Board (SASB) and Introduces the Task Force on
Climate-related Financial Disclosures (TCFD) Framework
- Updates Environmental Targets After Exceeding Several
Goals
- Deepens Support for Philanthropic Causes Important to Customers
Through Launch of the Aerie Real Foundation
American Eagle Outfitters, Inc. (NYSE: AEO) today released its
second environmental (Planet), social (People) and governance
(Practices) report detailing progress made through the company’s
Building a Better World strategy. AEO also announced new
sustainability goals after exceeding several water conservation
targets. Most notably, the company reduced water use per pair of
jeans produced by 38% in 2022, surpassing the initial water
reduction goal one year early.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20230913947524/en/
Courtesy of AEO, Inc.
A commitment to social responsibility has been central to AEO
since its inception, as evidenced through its initiatives and more
than two decades of ESG achievements. With enhanced transparency,
as well as SASB and TCFD-aligned sustainability reporting, AEO’s
commitment to increased oversight and performance has resulted in a
number of advancements over the last twelve months, including
MSCI’s upgrade of AEO’s ESG rating from “BBB” to “A.”
“Doing good–and doing right by our customers, associates and
communities is deeply woven within the fabric of AEO,” said Jay
Schottenstein, Executive Chairman of the Board and Chief Executive
Officer. “We are proud to release our second ESG report to
highlight greater transparency and our ongoing commitment to
building a better world. Every day we strive to make lasting
improvements across our organization that will lead to a more
sustainable and equitable future.”
The report also highlights a number of new programs through
AEO’s charitable giving that further champions causes that are
important to its customers and communities. In 2022, AEO
established the Aerie Real Foundation, formalizing and expanding on
the brand’s decades-long history of philanthropy to promote women’s
empowerment, inclusivity and sustainability.
Expanded and Enhanced Planet Goals
AEO has achieved or exceeded several environmental goals,
directed at protecting the planet and driving meaningful change
across the retail industry. To reflect this progress, the company
has added the following targets to its existing goals:
- Recycle 70% of total water used in denim laundries by
2025;
- Reduce its water footprint by 30% by 2028 across its own
operations, and strategic factories and mills;
- Commit to net-zero emissions by 2050;
- Reduce virgin plastic by 50% and reduce total plastic footprint
by 30% by 2028; and
- Use sustainable sources for 75% of all fibers by 2028.
2022 Highlights: Our Journey To Building A Better
World
- Together with customers, donated over $10 million to nonprofits
that share AEO’s vision for building a better world and include
support of mental health, youth and women’s empowerment and
education programs for teens and young adults;
- Awarded nearly $850,000 to 45 associates through its Steven A.
Davis Scholarship for Social Justice, a $5 million commitment
launched in 2021 to advance educational opportunities for AEO
associates who are actively driving anti-racism, equality and
social justice initiatives;
- Saved 4 billion gallons of water across jeans factories since
the launch of the company’s Water Leadership Program in 2017;
- Recycled 9 million gallons of water at laundries in 2022;
- Saved the equivalent of 174 million plastic bottles by ensuring
25% of all polyester used in production came from recycled
sources;
- Logged more than 14,000 hours of volunteer service by
associates in local communities; and
- Introduced Be Well@AEO, a holistic program providing associates
with tools and resources to manage their mental and physical
health, financial goals and more.
To view the full report and learn more about AEO’s Planet,
People and Practices initiatives, please click here.
About American Eagle Outfitters, Inc.
American Eagle Outfitters, Inc. (NYSE: AEO) is a leading global
specialty retailer offering high-quality, on-trend clothing,
accessories and personal care products at affordable prices under
its American Eagle® and Aerie® brands. Our purpose is to show the
world that there’s REAL power in the optimism of youth. The company
operates stores in the United States, Canada, Mexico, Hong Kong and
Japan, and ships to approximately 80 countries worldwide through
its websites. American Eagle and Aerie merchandise also is
available at more than 260 international locations operated by
licensees in approximately 30 countries. To learn more about AEO
and the company’s commitment to Planet, People and Practices,
please visit www.aeo-inc.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230913947524/en/
Line Media 412-432-3300 LineMedia@ae.com
American Eagle Outfitters (NYSE:AEO)
Gráfico Histórico do Ativo
De Abr 2024 até Mai 2024
American Eagle Outfitters (NYSE:AEO)
Gráfico Histórico do Ativo
De Mai 2023 até Mai 2024