JCPenney Releases 2017 Corporate Social Responsibility Report
November 08 2017 - 10:30AM
YASTEST
PLANO, Texas -
(Nov. 8, 2017) - JCPenney announced today the release of its
2017 Corporate Social Responsibility Report, highlighting the
Company's sustainability and community efforts across its
operations worldwide. The report, which details activities for
fiscal years 2015 and 2016, illustrates the Company's ongoing
commitment to the highest level of corporate citizenship.
For the 2017 report, JCPenney
partnered with Texas A&M University's 180 Degrees Consulting
group to learn the latest stakeholder expectations for CSR
reporting. A team of six students from the group performed analysis
to identify industry standards when reporting CSR data, and made
suggestions to the Company based upon their findings. The group's
key recommendations drove the initial ideation of, and inspiration
behind, the framework of the 2017 report, which summarizes each
Company commitment using four pillars: our people, our communities,
our products and our planet.
"The Golden Rule has guided every
customer interaction at JCPenney for over a century, and we
understand the importance of applying a similar ideology to our
global efforts in social responsibility and environmental
sustainability," said Marvin R. Ellison, chairman and chief
executive officer at JCPenney. "We recognize the important role we
play in being a responsible employer, neighbor and community
advocate, and acknowledge the significance of positively connecting
with younger consumers who share these values."
The online report outlines Company
achievements in a variety of categories, including:
-
Diverse Workforce - As of
2016, more than half of the JCPenney associate population are
minorities, and the progression is positively represented at all
levels within the Company, including the executive team. In fact,
Ellison is one of only five African-American CEO's in the Fortune
500. Moreover, from 2013 to 2016, the percentage of ethnic
minorities employed at JCPenney increased from 46 percent to 51
percent, and women have represented 80% of the total associate base
since 2013.
-
Community Relations - In
2015 and 2016, JCPenney associates logged more than 67,700
volunteer hours, donating their time and skills to benefit local
non-profit organizations. Associates also completed more than 800
volunteer projects in support of National Volunteer month within
the same period. What's more, through the Company's "Change for the
Better" giving campaign, JCPenney associates gave more than $3.5
million to 6,200 local non-profits across the country.
-
Responsible and Ethical
Sourcing - J. C. Penney Purchasing Corporation (JCPPC) is one
of the largest and most experienced importers of textiles and
apparel in the United States, enabling JCPenney to purchase
merchandise from nearly 2,600 domestic and foreign suppliers. The
Company's Social and Environmental Responsibility teams - located
in buying and quality assurance offices around the world - work
with an industry-leading third-party auditor to conduct compliance
audits of factories producing JCPenney private brand apparel. In
fiscal years 2015 and 2016, our third-party provider conducted over
2,000 social audits, and, in 2016, we extended this effort to
include textile mills, completing over 100 assessments to help
improve mill conditions.
-
Energy Conservation - In
2015, JCPenney set an aggressive energy and greenhouse gas
emissions goal to reduce Scope 1 and Scope 2 greenhouse gas
emissions per sq. ft. 15 percent by 2020. Just two years into the
journey, JCPenney surpassed the goal by reducing emissions 19.6
percent, a decrease driven largely by behavior change and a robust
Company-wide energy management system utilized in nearly 840
stores. As part of its ongoing energy management efforts, JCPenney
continues a long-standing partnership with the U.S. Department of
Energy's ENERGY STARTM program. The
Company has received ENERGY STAR's Partner of the Year, Sustained
Excellence designation for ten consecutive years, and proudly
displays the ENERGY STAR logo at over 650 ENERGY STAR certified
buildings throughout the Company.
-
Responsible Recycling -
JCPenney is making efforts to significantly reduce waste by
recycling 85% of the Company's annual domestic waste by 2020.
Through this promise, JCPenney has increased its recycling rate to
80 percent in 2016, up nine percent since 2014. Plus, the Company
recycled 74,000 tons of waste in 2016 alone, while decreasing waste
to landfill by 5,000 tons from 2014 to 2016. Furthermore, in 2015
and 2016, JCPenney recycled approximately 147,000 tons of waste,
which equals approximately 80 percent of total waste from the
Company's operations.
Ongoing
Ambitions
In 2015, JCPenney adopted a goal to reduce total water consumption
across U.S. operations five percent by 2020 (2014 baseline). The
Company is making strong progress toward the goal through a
combination of engineered solutions and behavior change. As a
result of these efforts, JCPenney has reduced domestic (in-store)
water consumption by 12 percent from 2012 to 2016, and reduced
landscape irrigation during the same time period by 66 percent.
For more information, please
review the 2017 Corporate Sustainability Report by visiting the
Company Info page under the Corporate Overview section of jcpenney.com.
Media Relations:
(972) 431-3400 or jcpnews@jcp.com
Follow @jcpnews on Twitter for the latest announcements and Company
information.
Investor Relations:
(972) 431-5500 or jcpinvestorrelations@jcpenney.com
About JCPenney:
J. C. Penney Company, Inc. (NYSE: JCP), one of the nation's largest
apparel and home furnishings retailers, combines an expansive
footprint of approximately 875 stores across the United States and
Puerto Rico with a powerful e-commerce site, jcp.com, to connect
with shoppers how, when and where they prefer to shop. At every
customer touchpoint, she will get her Penney's worth of a broad
assortment of products from an extensive portfolio of private,
exclusive and national brands. Powering this shopping experience is
the customer service and warrior spirit of over 100,000 associates
across the globe, all driving toward the Company's three strategic
priorities of strengthening private brands, becoming a world-class
omnichannel retailer and increasing revenue per customer. For
additional information, please visit jcp.com.
###
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: J. C. Penney Company, Inc. via Globenewswire
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