Carter’s, Inc. Releases 2021 Corporate Social Responsibility Report
Carter’s aims to inspire generations of parents through initiatives impacting Environmental, Social and Governance issues
Carter’s, Inc. (NYSE: CRI), the largest branded marketer in North America of apparel exclusively for babies and young children, announced today the release of its annual Corporate Social Responsibility (CSR) Report, highlighting the Company’s approach to the Environmental, Social and Governance (ESG) issues facing the retail industry, our planet, and communities. The report demonstrates the Company’s progress and outlines new commitments regarding ESG initiatives.
“As the leading company serving families with young children, Carter’s seeks to inspire generations raising the future and we continue to make important advancements to further our progress surrounding our sustainability, community and environmental objectives. Our annual CSR Report serves as a benchmark while reaffirming our continued commitment to driving our business forward, enhancing our community impact, and reducing our environmental footprint,” said Antonio Robinson, Senior Vice President of Corporate Social Responsibility.
Carter’s 2021 CSR Report demonstrates the Company’s dedication to supporting all families with young children through three key priorities: People, Planet and Product. Highlights of the report include:
- People: Carter’s remains focused on uplifting its employees, its global workforce, and its communities.
- Community: In 2021, Carter’s positively impacted 2 million children and families, investing $10 million in community initiatives. The Company has pledged to improve the well-being of at least 10 million families by 2030.
- Diversity & Inclusion: In addition to nearly doubling racial and ethnic diversity at the vice president levels, Carter’s has committed to developing a supplier diversity program to support communities of color.
- Planet: Focused on reducing environmental impact, Carter’s sustainability practices are continuously improving, and the Company has pledged to achieve Net-Zero emissions by 2040.
- In the near term, Carter’s has received validation for the following science-based reduction targets: Committing to reduce absolute Scope 1 and 2 GHG emissions 50% by 2030 from a 2019 base year. As part of this goal, Carter’s will also engage suppliers covering 77% of our spend for purchased goods and services—to set science-based targets of their own by 2027.
- Product: Carter’s continues to foster expansion of its sustainable product offerings, including prioritizing the growth of its eco-friendly Little Planet brand to be the leading sustainable children’s brand.
- In 2021, the Little Planet brand also introduced products made from recycled polyester products.