TORONTO, June 4, 2015 /CNW/ - Hudson's Bay Company is pleased to announce it has been recognized as one of the Best 50 Corporate Citizens in Canada, by Corporate Knights magazine. The annual ranking comprises companies that represent the very best in corporate social responsibility, measured through voluntary activities undertaken to operate in an economic, social and environmentally sustainable manner. HBC is one of only two retailers recognized on the 2015 list.
"HBC is incredibly proud to be recognized as one of Canada's top corporate citizens," says Jerry Storch, Chief Executive Officer, Hudson's Bay Company. "As the oldest company in North America, HBC epitomizes sustainability. We understand that what we do today matters well beyond tomorrow. As we continue to grow and innovate, social and corporate responsibility will remain a key driver in determining how we operate as a retailer."
HBC publishes an annual Corporate Social responsibility report, which highlights the Company's efforts in a number of areas of social responsibility, including: investing in communities where HBC operates, contributing to a sustainable environment, sourcing responsibly and ethically, and strengthening associate engagement. The Best 50 methodology is recognized globally as a best practice for transparency and objectivity. The methodology for the 2014 Best 50 Corporate Citizens of Canada is based on 12 key performance indicators (KPIs) covering resource, employee and financial management. All information is derived from publicly-disclosed data. To view the full listing, click here.
About Hudson's Bay Company
Hudson's Bay Company, founded in 1670, is North America's oldest company. Today, HBC offers customers a range of retailing categories and shopping experiences primarily in the United States and Canada. Our leading banners – Hudson's Bay, Lord & Taylor, Saks Fifth Avenue and Saks Fifth Avenue OFF 5TH – offer a compelling assortment of apparel, accessories, shoes, beauty and home merchandise. Hudson's Bay is Canada's most prominent department store with 90 full-line locations, two outlet stores and thebay.com. Lord & Taylor operates 50 full-line locations primarily in the northeastern and mid-Atlantic U.S., four Lord & Taylor outlet locations and lordandtaylor.com. Saks Fifth Avenue, one of the world's pre-eminent luxury specialty retailers, comprises 39 U.S. stores, five international licensed stores and saks.com. OFF 5TH offers value-oriented merchandise through 83 U.S. stores and saksoff5th.com. The Company also operates Home Outfitters, Canada's largest kitchen, bed and bath specialty superstore with 67 locations. Hudson's Bay Company trades on the Toronto Stock Exchange under the symbol "HBC".
SOURCE Hudson's Bay
For further information: MEDIA CONTACT: Tiffany Bourré, Director, External Communications, Hudson's Bay Company, 905-595-7184, [email protected]