Report provides updates on the company’s sustainability ambitions and its continued focus on people and community
BROOMFIELD, Colo., April 25, 2023 /PRNewswire/ — Crocs, Inc. (NASDAQ: CROX), a global leader in innovative casual footwear, today published its 2022 Comfort Report. The Environmental, Social and Governance (ESG) report reflects important progress and evolution of milestones surrounding the enterprise’s commitment to becoming a more sustainable and equitable company.
As an organization committed to creating a more comfortable world for all, this annual report demonstrates how the company has continued building upon its guiding pillars: Comfort for the Planet, Comfort for our Communities and Comfort for All People.
The 2022 Comfort Report reflects the incredible growth Crocs, Inc. has seen over the past year, including the acquisition of another fast-growing, casual footwear brand, HEYDUDE. As the company welcomed HEYDUDE into the Crocs, Inc. enterprise, steps were taken to align the brand with the organizational pillars, including mapping sustainability impacts along the supply chain and integrating employees into the company culture.
With the acquisition of HEYDUDE and the expansion of the company’s global footprint, Crocs, Inc. responsibly and transparently revisited the Net Zero commitment made in 2021. Reflective of the intentional ESG journey at Crocs, Inc., the organization has made a critical update to this environmental goal and is now committed to its journey to become a Net Zero company by 2040.
“Our organization has seen tremendous growth and transformation in the past year, and our business looks different today with the expansion of our brand portfolio than when we set our initial goals in 2021. This report captures our hard-earned progress, essential learnings and the bold ambitions we continue to aspire to as an organization,” said Crocs, Inc. Chief Executive Officer, Andrew Rees. “We are pleased with the progress we have made in our ESG journey and are as committed as ever to becoming a more sustainable and equitable global organization.”
Well known as a company that encourages everyone to be comfortable in their own shoes, the report also includes updates on Crocs, Inc.’s commitment to enhanced diversity, equity and inclusion strategies. The report shares details around the social impact the company has had across global communities through donated funds, shoes and time, as well as the progress that continues to be made to build an even more inclusive workplace where employees feel seen, heard and valued.
In summary, the organization has reflected on the long-term, intersectional strategies that will enable the business to have the most impact throughout its ESG journey. Stemming from its guiding pillars, four key ambitions have newly been formalized – reinforced through a strong foundation of governance – that will guide the Crocs, Inc. ESG strategy moving forward:
(1) Individuality: fostering an inclusive workforce,
(2) Circularity: innovating for a circular economy,
(3) Climate Stability: mitigating climate change and reducing carbon, and
(4) Community: reimagining systems to unlock opportunity.
The Crocs, Inc. ESG Report is guided by key ESG frameworks, including the Sustainability Accounting Standards Board (SASB), the Task Force on Climate-Related Financial Disclosures (TCFD), and the United Nations Sustainable Development Goals (UN SDGs).
To read the complete Crocs, Inc. 2022 Comfort Report and learn more about how the company is taking action to create a more comfortable world for all, visit investors.crocs.com/esg.
About Crocs, Inc.:
Crocs, Inc. (Nasdaq: CROX) is a world leader in innovative casual footwear for women, men, and children, combining comfort and style with a value that consumers know and love. The Company’s brands include Crocs and HEYDUDE and its products are sold in more than 85 countries through wholesale and direct-to-consumer channels. For more information on Crocs, Inc. please visit investors.crocs.com. To learn more about our brands, please visit www.crocs.com or www.heydude.com.
Forward Looking Statement:
This report includes estimates, projections, and statements relating to our plans, commitments, objectives, and expectations that are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.
These statements include, but are not limited to, statements regarding our expectations relating to environmental and social matters. These statements involve known and unknown risks, uncertainties, and other factors, which may cause our actual results, performance, or achievements to be materially different from any future results, performances, or achievements expressed or implied by the forward-looking statements. Please see the factors described in our most recent Annual Report on Form 10-K under the heading “Risk Factors” and our subsequent filings with the Securities and Exchange Commission. Readers are encouraged to review that section and all other disclosures appearing in our filings with the Securities and Exchange Commission.
All information in this document speaks as of April 25, 2023. We do not undertake any obligation to update publicly any forward-looking statements, whether as a result of the receipt of new information, future events, or otherwise, except as required by applicable law.
Melissa Layton, Crocs, Inc.
Cori Lin, Crocs, Inc.
SOURCE Crocs, Inc.
Originally published at https://www.prnewswire.com/news-releases/crocs-inc-releases-2022-esg-report-detailing-commitment-to-create-a-more-comfortable-world-301806186.html
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