Company offsets 100% of self-generated carbon emissions, introduces toy recycling initiatives and increases toy donations
TORONTO, April 6, 2021 /CNW/ - Spin Master Corp. (TSX: TOY) (www.spinmaster.com), a leading global children's entertainment company, today issued its second annual Corporate Social Responsibility (CSR) report. With a vision of bringing kids and families together through the timeless magic of play, Spin Master seeks to be an inclusive employer, enhance the communities in which it operates and minimize environmental impacts with efforts in four CSR key areas: products, people, community and environment.
"When we published our first CSR report a year ago, we couldn't have imagined the significant challenges that would confront the world in 2020," said Anton Rabie, Spin Master's Chairman and Co-Founder. "At Spin Master, we accelerated and adapted our CSR programs in response to the pandemic while also laying the foundation for the future. The health and safety of our employees was paramount, and we implemented supplemental programs aimed to help enable flexibility and ensure their wellbeing. Also, with children at home across the globe, isolated from friends and school, we answered the need to inspire joy and imagination through play with increased toy donations. Lastly, we continued to make progress against our environmental areas of focus to help ensure the sustainability of our planet for future generations."
Spin Master's cross-functional CSR framework provides transparency within the four CSR focus areas while also setting targets against which to measure progress. The 2020 CSR report includes all Sustainability Accounting Standards Board (SASB) indicators for Toys & Sporting Goods Sustainability Accounting Standard and material indicators from the Global Reporting Initiative Standards. Highlights from the report include:
To learn more about Spin Master's CSR efforts, please visit https://www.spinmaster.com/en-US/corporate/corporate-social-responsibility.
About Spin Master
Spin Master Corp. (TSX:TOY) is a leading global children's entertainment company creating exceptional play experiences through a diverse portfolio of innovative toys, entertainment franchises and digital games. Spin Master is best known for award-winning brands PAW Patrol®, Bakugan®, Kinetic Sand®, Air Hogs®, Hatchimals®, Rubik's Cube® and GUND®, and is the toy licensee for other popular properties. Spin Master Entertainment creates and produces compelling multiplatform content, stories and endearing characters through its in-house studio and partnerships with outside creators, including the preschool success PAW Patrol and nine other original shows along with multiple short-form series, which are distributed in more than 190 countries. The Company has an established digital presence anchored by the Toca Boca® and Sago Mini® brands, which combined have more than 40 million monthly active users. With close to 2,000 employees in 28 offices globally, Spin Master distributes products in more than 100 countries. For more information visit spinmaster.com or follow on Instagram, Facebook and Twitter @spinmaster.
SOURCE Spin Master