Qurate Retail Group Releases Third Annual Corporate Responsibility Report
WEST CHESTER, PA / ACCESSWIRE / September 14, 2023 / Qurate Retail GroupSM, a world leader in video commerce ("vCommerce"), which includes video driven shopping across linear TV, ecommerce sites, digital streaming and social platforms, today announced the release of its third annual Corporate Responsibility (CR) Report. In 2022, the company made significant advancements toward its critical role in protecting the environment, championing empowerment and belonging, and curating product responsibly. Qurate Retail Group is part of Qurate Retail, Inc. (NASDAQ: QRTEA, QRTEB, QRTEP).
Qurate Retail Group's strategy to inspire a more sustainable way to retail comes from its long-standing commitment to doing business the right way and the company's emphasis on fostering an inclusive business for the benefit of all stakeholders - customers, team members, vendors, community members, and shareholders. Putting trust and transparency at the heart of its business, Qurate Retail Group has set measurable, time-bound goals for its corporate responsibility program, focused on those challenges and needs where the company believes it can have the greatest impact. To maintain that trust and transparency, Qurate Retail Group's reporting follows relevant sector standards published by the Sustainability Accounting Standards Board (SASB), and the company's corporate responsibility commitments are informed by a materiality assessment and guided by the United Nations' Sustainable Development Goals.
"Qurate Retail has continued on its transformation path announced in June of 2022, and we are working feverishly to improve the value we provide to all of our stakeholders and execute against our commitments," said David Rawlinson II, President and CEO of Qurate Retail, Inc. "We understand our critical role in protecting the environment, championing empowerment and belonging, and curating product responsibly. As this year's Corporate Responsibility Report attests, we are doubling down on those efforts.
"We embrace the Business Roundtable's Statement on the Purpose of a Corporation, which sets a vision of a free-market system that empowers each person to succeed through hard work and creativity and to lead a life of meaning and dignity," added Rawlinson. "Our theme, ‘Moments That Matter,' reflects this holistic view of our business. As a video commerce retailer, we enrich life's everyday moments for our customers and we're committed to using the power of our platforms to inspire a more sustainable way to retail: intentionally inclusive, entrepreneurially driven, responsibly curated and waste smart."
Highlights from the 2022 CR Report include:
Protecting Our Environment
Decreased Scope 1 and 2 GHG emissions by 26% from a 2018 baseline, exceeding target of 14% set for 2022.
Set a new target of 50% reduction in Scope 1 and 2 GHG emissions by 2030 from a 2018 baseline.
Reduced Scope 3 packaging GHG emissions intensity by 33% from a 2018 baseline - beating the company's 20% target three years early.
Offset emissions for 100% of QVC Germany's grid electricity.
Championing Empowerment and Belonging
Facilitated $114M in total charitable contributions to communities since 2020, surpassing goal of $100M by 2025.
Directed $31M of total charitable contributions towards women's empowerment and entrepreneurship since 2020.
Continued progress on leadership and representation goals, including:
21% of QRG U.S. leaders are members of underrepresented racial/ethnic groups.
Achieved near gender parity with 49% representation of women at the Director level or above globally.
Published pay equity strategy and U.S. results.
Included for a second consecutive year in Bloomberg Gender-Equality Index and recognized by Disability Equality Index (DEI) as a Best Place to Work for Disability Inclusion.
Featured nearly 100 diverse entrepreneurs in 2022; to date, the company has spotlighted 415 underrepresented small businesses, reaching 83% of its 2025 goal.
Curating Product Responsibly
Added traceability audits to enhance supply chain visibility and published the company's Prohibited Products Policy.
Expanded the range of products made from traceable, sustainable fibers and continued to invest in sourcing more products made from sustainable ingredients.
Made it easier for customers to make informed purchasing decisions by pursuing third-party product certifications for responsible production.
To learn more about Qurate Retail Group's Corporate Responsibility initiatives or to access the company's 2022 CR Report, visit: www.qurateretailgroup.com/lp/corporate-responsibility.
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About Qurate Retail Group
Qurate Retail GroupSM comprises six leading retail brands - QVC®, HSN®, Ballard Designs®, Frontgate®, Garnet Hill® and Grandin Road® - all dedicated to providing a more human way to shop. Qurate Retail Group is the largest player in video commerce ("vCommerce"), which includes video-driven shopping across linear TV, ecommerce sites, digital streaming and social platforms. The retailer reaches more than 200 million homes worldwide via 15 television channels, which are widely available on cable/satellite TV, free over-the-air TV, and digital livestreaming TV. The retailer also reaches millions of customers via its QVC+ and HSN+ streaming experience, websites, mobile apps, social pages, print catalogs, and in-store destinations. Qurate Retail Group combines shopping and entertainment to curate products, experiences, conversations and communities for millions of highly discerning shoppers. Headquartered in West Chester, Pa., Qurate Retail Group has team members in the U.S., the U.K., Germany, Japan, Italy, Poland and China. For more information, visit qurateretailgroup.com or follow Qurate Retail Group on YouTube or LinkedIn.
Qurate Retail, Inc. (NASDAQ: QRTEA, QRTEB, QRTEP) is a Fortune 500 company that includes the Qurate Retail Group portfolio of brands as well as other minority interests.
Qurate Retail Group's 2022 Corporate Responsibility Report Cover
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Contact Info:
Spokesperson: Qurate Retail Group
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SOURCE: Qurate Retail Group
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