TORONTO, June 20, 2016 CNW/ - Hudson's Bay Company is pleased to announce it has been selected as one of Corporate Knights Magazine's Best 50 Corporate Citizens in Canada, for the second year in a row. The annual ranking, now in its 15th year, sets the standard for corporate citizenship in Canada, recognizing companies that implement responsible business practices based on environmental, social, and governance benchmarks. HBC ranked 43 overall, and is one of only three retailers recognized on the 2016 list.
"HBC is honored to be recognized as one of Canada's top corporate citizens," states Jerry Storch, Chief Executive Officer, Hudson's Bay Company. "We believe that social responsibility and success are interconnected and, as HBC continues to expand globally, we are steadfast in our commitment to ensure that social responsibility remains integral to our corporate strategy."
Each year, HBC publishes a Corporate Social Responsibility (CSR) report, highlighting the Company's efforts and accomplishments 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. HBC's 2015 CSR report will be published in June 2016.
About Hudson's Bay Company
Hudson's Bay Company is one of the fastest-growing department store retailers in the world, based on its successful formula of driving the performance of high quality stores and their all-channel offerings, unlocking the value of real estate holdings and growing through acquisitions. Founded in 1670, HBC is the oldest company in North America. HBC's portfolio today includes ten banners, in formats ranging from luxury to better department stores to off price fashion shopping destinations, with more than 460 stores and 66,000 employees around the world.
In North America, HBC's leading banners include Hudson's Bay, Lord & Taylor, Saks Fifth Avenue, Gilt, and Saks OFF 5TH, along with Find @ Lord & Taylor and Home Outfitters. In Europe, its banners include GALERIA Kaufhof, the largest department store group in Germany, Belgium's only department store group Galeria INNO, as well as Sportarena.
HBC has significant investments in real estate joint ventures. It has partnered with Simon Property Group Inc. in the HBS Global Properties Joint Venture, which owns properties in the United States and Germany. In Canada, it has partnered with RioCan Real Estate Investment Trust in the RioCan-HBC Joint Venture.
SOURCE Hudson's Bay
For further information: MEDIA CONTACT: Tiffany Bourré, Director, External Communications, Hudson's Bay Company, 905-595-7184, [email protected]