The retailer also developed processes and tools “to ease the on-boarding process, help brands plan their merchandise capsules and enhance cashflow as local brands grow.”
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This included an investment of roughly $16 million with eligible brands such as Pro Standard, Abeille Creations and others. detailed several specific LEED actions in fiscal year 2021 that were focused on the Black community - most notably, efforts to discover and develop Black-owned brands and Black collaborations for its stores. We believe we have an obligation to add our voice and actions to drive meaningful and lasting change across our company and within the communities we serve.” “We recognize that Black culture plays a pivotal role in shaping sneaker culture - the foundation of our business at Foot Locker. chairman and CEO Dick Johnson said in the report. It is part of our culture and the way we operate as an inclusive and diverse organization,” Foot Locker Inc. “We stand resolute in our commitment to fight racial inequality and injustice. As part of LEED, the retailer said its investments in education and economic development initiatives totaled nearly $53.9 million as of the end of fiscal year 2021. highlighted its Leading Education & Economic Development (LEED) initiative, which includes a commitment of $200 million over five years (from fiscal year 2020 to fiscal year 2025), aimed at enhancing the lives of its team members and the Black community.
detailed several other priority initiatives, including its work to support the Black community, which the company offered a glimpse into at the start of the month.įor instance, from a people and community perspective, Foot Locker Inc. Īside from its climate change pledge, Foot Locker Inc. And the report stated the company reused nearly 2.1 million boxes in fiscal 2021, a 19% year-over-year change. short tons of corrugated boxes in fiscal 2021, a 22% year-over-year change from fiscal 2020. In terms of reducing waste and encouraging reuse, Foot Locker Inc. The initiative, according to the report, resulted in the planting of 23,000 trees, which the company said would equate to offsetting 7,084 tons of carbon dioxide. said its Sidestep banner turned Black Friday into Green Friday by committing to plant a tree for every footwear purchase through Eden Reforestation Projects.
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Looking ahead, the report stated its stores in France will be required in fiscal 2022 to implement a series of national energy reduction targets (40% by 2030, 50% by 2040 and 60% by 2050) and that the company plans to handle LED lighting retrofits and the installation of smart meters to monitor and reduce consumption.Īlso during fiscal 2021, in an effort to engage consumers in its net zero ambition, Foot Locker Inc. Also, its proactive HVAC retrofitting efforts in the U.S.
In terms of energy efficiency, the company said it completed LED lighting replacements across 100 stores in fiscal 2021, which the company said will result in estimated energy reductions of 748,467 kWh/year. revealed its progress on several sustainability-driven efforts.
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