Foot Locker, Inc. Releases 2019-20 Impact Report Highlighting Environmental, Social, And Governance 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
The report examines the Company's global Corporate Social Responsibility program through its four pillars: (1) Leveraging the Power of Our People and Communities, (2) Managing and Reducing Our Environmental Impacts, (3) Strengthening the Sustainability of Our Supply Chain, and (4) 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 workforce 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 team members feel valued and engaged, and they 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) andTask Force on Climate-related Financial Disclosures (TCFD) reporting standards.
Investor Contact:
Vice President, Corporate Finance and Investor Relations
jlance@footlocker.com
(212) 720-4600
Media Contact:
Vice President, Corporate Communications
cara.tocci@footlocker.com
(914) 582-0304
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