Toy Giant Hasbro Makes 100% Global Renewables Commitment

Posted by Betsy Lillian on June 14, 2017 No Comments
Categories : New & Noteworthy

Hasbro Inc., a global toy maker whose brands include Nerf, Play-Doh, Monopoly and My Little Pony, has set a goal of achieving 100% renewable energy and carbon neutrality across its owned and operated global operations.

Hasbro, which is headquartered out of Pawtucket, R.I., says it has already achieved its previous goal of 100% renewables and carbon neutrality in the U.S.; now, this new commitment builds upon that.

The company says it has already made significant progress to reach the milestone. Specifically, Hasbro purchased 25,699 MWh of renewable energy certificates (RECs) to address 99.6% of its 2016 global electricity consumption. Additionally, the company purchased carbon offsets in 2016 to address its global carbon footprint. Cumulatively, this reduction in Hasbro’s carbon footprint is similar to growing 766,411 trees per year for 10 years or not using 69,513 barrels of oil, according to the company.

“Through renewable energy advancements, Hasbro continues to demonstrate our deep commitment to the environment and our desire to play a leadership role in building a safe and sustainable world for future generations,” states Brian Goldner, chairman and CEO of Hasbro. “We embrace our role in supporting the transformation of our world to a low-carbon economy and support programs that not only minimize our impact on the environment but also have a lasting positive impact on our planet.”

In 2015, Hasbro joined the U.S. Environmental Protection Agency’s (EPA) Green Power Partnership and qualified for the EPA’s Green Power Leadership Club, a distinction given to organizations that have significantly exceeded the U.S. EPA’s recommended minimum renewable energy purchase commitment, the company explains.

Hasbro has RECs and carbon offsets from 3Degrees, a provider of comprehensive clean energy services. The RECs are from a mix of renewable resources including wind, solar, biomass, landfill gas and hydroelectric sources. Hasbro purchased the RECs from projects located near major facilities in North America, South America, Asia and Europe.

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