Company Increases Philanthropic Financial
Donations, Enhances Transparency of Diversity, Equity and Inclusion
Metrics and Achieves 97% Pay Equity
TORONTO, April 5,
2022 /PRNewswire/ - Spin Master Corp. (TSX: TOY)
(www.spinmaster.com), a leading global children's entertainment
company, issued its third annual Corporate Social Responsibility
report (2021 CSR Report), articulating the Company's environmental,
social and governance goals and performance for 2021.
"Spin Master has always had a noble purpose, to create magical
play experiences for children and their families," said
Max Rangel, Spin Master's Global
President and CEO. "Our commitment to this purpose has been
unwavering, and in these challenging times the power of play has
been one way we can make a meaningful impact in many homes around
the world. We value the trust placed in Spin Master by kids and
their parents and are committed to being responsible citizens and
custodians of the world that these children will one day
inherit."
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 key areas: products,
people, communities and environment.
Products - Spin Master is committed to providing children
and families with the safest and highest quality toys,
entertainment content and digital games.
- Zero consumer recalls in over a decade
- 97% of manufacturing facilities audited and remediated through
the Ethical Toy Program
- Plans to launch new Mindful Classics games line made with
FSC-certified wood and paper, bamboo and recycled plastic in the
fall of 2022
People - Spin Master is committed to investing in
employees' well-being and development and to fostering an inclusive
workplace where everyone can thrive, grow and ultimately have
fun.
- Women represent 40% of Senior Management in the Company
(director level and above)
- Achieved 97% gender pay equity and set a target to achieve 100%
in the future
- 84% of respondents to the Company's employee engagement survey
indicated that they are proud to work at Spin Master
- For the first time, the 2021 CSR Report provides employee
representation data for North
America
"Our talented team is the driving force behind our purpose of
creating magical experiences for children and their families," said
Tara Deakin, Spin Master's EVP and
Chief People Officer. "This past year, we continued to enhance our
employee experience on multiple dimensions from compensation
enhancements to bolstering mental health support and evolving our
diversity, inclusion and equity programming."
Communities - Through philanthropic giving, volunteering
and toy donations, Spin Master gives children in communities around
the world the opportunity to grow, explore and learn through the
power of play.
- Increased philanthropic financial giving with $1.95 M in financial* donations and 170,000 toys,
impacting 300,000 children globally
- Established national philanthropic partnerships with Boys and
Girls Clubs of America, The Learning Partnership and Children's Aid
Foundation of Canada
- Executed three Toy Movements delivering 53,000 toys to children
in Kenya, Nicaragua and the Democratic Republic of Congo
- Launched The Future of Play Scholarship and awarded
scholarships for seven youth from underrepresented communities
studying in the fields of toy design, animation and digital game
design
Environment - Spin Master recognizes the need to act in
support of the environment and to minimize the impact of its
operations, for children and families today and generations to
come.
- Offset 10,186 metric tonnes of carbon representing 100% of
Scope 1, 2 and some Scope 3 emissions
- Launched toy recycling programs in two markets, the U.S. and
Australia
- Commitment to create a climate action plan by the end of
2022
The 2021 CSR Report includes Sustainability Accounting Standards
(SASB) indicators for Toys & Sporting Goods and material
indicators from the Global Reporting Initiative Standards. With a
commitment to continuous improvement in reporting, the 2021 CSR
Report also expanded including qualitative TCFD and UN Sustainable
Development Goals. More details regarding Spin Master's CSR efforts
can be found here.
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*Financial donations
include monetary contributions to registered charities, costs of
goods of donated products and direct operational costs association
with donations.
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About Spin Master
Spin Master Corp. (TSX:TOY) is a leading global children's
entertainment company, creating exceptional play experiences
through its three creative centres: Toys, Entertainment and Digital
Games. With distribution in over 100 countries, 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
global toy licensee for other popular properties. Spin Master
Entertainment creates and produces compelling multiplatform
content, through its in-house studio and partnerships with outside
creators, including the preschool franchise PAW Patrol and
numerous other original shows, short-form series and feature films.
The Company has an established presence in digital games, anchored
by the Toca Boca® and Sago Mini® brands, offering open-ended
and creative game and educational play in digital environments.
Through Spin Master Ventures, the Company makes minority
investments globally in emerging companies and start-ups. With over
30 offices in close to 20 countries, Spin Master employs more than
2,000 team members globally. For more information visit
spinmaster.com or follow-on Instagram, Facebook and Twitter
@spinmaster.
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SOURCE Spin Master Corp.