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Press Releases
Hbc Releases 2005 Corporate Social Responsibility Report
TORONTO – May 15, 2006 – Hudson's Bay Company (Hbc) today released its fourth annual Corporate Social Responsibility (CSR) report offering greater transparency on four core areas of its operations: ethical sourcing, energy conservation, associate wellness and community investment programs.
“Hbc continues to be a leader in CSR reporting, and we are proud of our accomplishments in 2005,” said Michael Rousseau, President, Hudson's Bay Company.“Although Hbc operates solely in Canada, our effect is global – from our vendors, to the factories we source from, to our associates. Everyone who works with or for Hbc can be proud of what we represent.”
The 2005 CSR report provides greater transparency in the areas of environment, career development and community giving, as well as more detail about factory audit results and audit methodology. Some of the unique programs Hbc undertook in 2005 include:
- An ethical sourcing and compliance program specifically targeted to Hbc’s involvement in the development of Olympic and Paralympic uniforms for Team Canada;
- Environmentally friendly Olympic themed shops in British Columbia using green energy only;
- A commitment to raise $20 million for amateur athletes over the next seven years;
- Participation in Enwave’s Deep Lake Water Cooling project that will see Hbc’s head office in downtown Toronto, as well as its flagship Queen Street store’s air conditioning operated using green energy. This will help to reduce energy consumption by the equivalent of over 400 homes per year;
- Participation in a Biodiesel pilot project with Transport Canada to determine the environmental, cost and maintenance effects of using biodiesel fuel; and
- Launching a new Health and Safety training program that reduced our lost time claims by 30 per cent.
To obtain a copy of Hbc's CSR report, please go to http://www.hbc.com/hbc/mediacentre/reports/2005/Hbc-CSR_2005.pdf.
Hudson's Bay Company, established in 1670, is Canada's oldest diversified general merchandise retailer. The Company provides Canadians with the widest selection of goods and services available through retail channels that include almost 500 stores led by the Bay, Zellers and Home Outfitters chains. Hudson's Bay Company employs nearly 70,000 associates and has operations in every province in Canada.
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