The Children’s Place Issues 2020 Annual ESG Report GlobeNewswireThe Children’s Place Issues 2020 Annual ESG Report GlobeNewswire
Impact Investing Forum 2023
London. May 04-05, 2023.
SECAUCUS, N.J., November 15, 2021 (GLOBE NEWSWIRE — The Children’s Place, Inc. (Nasdaq : PLCE), North America’s largest pure-play children’s specialty clothing retailer, today released its 2020 Environment, Social and Governance Report.
The 2020 ESG Report outlines the Company’s strategic approach towards ESG. It outlines the Company’s strategic approach to ESG. The 2020 ESG Report includes new and updated environmental goals that will be used to measure progress in future annual reports. These include water stewardship initiatives and chemical management programs. Waste diversion targets and circularity via reuse and recycling. The 2020 ESG Report outlines the Company’s commitments to social topics such as workforce diversity, equity and opportunity, building an inclusive and welcoming environment, giving back to families in need, and worker wellbeing in its global supply chains. Adrian Sherman, Vice President for Environment & Social Responsibility, stated, “Children lie at the heart of everything we do.” He also said that future generations have a special responsibility to their children to make the planet a better place and foster a culture where equity, diversity, and inclusion. Our annual ESG report highlights our initiatives and goals, and details the Company’s progress towards these goals. Children’s Place Board of Directors, its Committees, and the Sustainability Accounting Standards Board standards, Global Reporting Initiative standards, and United Nations Sustainable Development Goals (SDGs) are responsible for ESG matters. The Company’s goals, initiatives, and reporting are informed by the Sustainability Accounting Standards Board standards, the Global Reporting Initiative standards, and the Sustainability Accounting Standards Board standards. To view our 2020 ESG Report, please visit the Company’s website at https://corporate.childrensplace.com under the ESG tab. About The Children’s Place, Inc. The Children’s Place, Inc. is North America’s largest pure-play retailer of specialty clothing for children. The Company designs, contracts for manufacturing, sells at wholesale and retail, and licenses to distribute fashionable, high-quality merchandise primarily at value prices. Primarily under the “The Children’s Place”, “Place”, “Baby Place”, and “Gymboree”, brand names. The Company has online stores at www.childrensplace.com, www.gymboree.com and www.sugarandjade.com, and, as of July 31, 2021, the Company had 708 stores in the United States, Canada and Puerto Rico, and the Company’s eight international franchise partners had 208 international points of distribution in 17 countries. Forward-looking Statements This press release may contain forward-looking statements. These statements are made pursuant to the Private Securities Litigation Reform Act of 2005. They include statements regarding the Company’s strategic initiatives, adjusted net income per share, and other matters. Forward-looking statements are often identified using terms such as “may”, “will”, “should,” and “should” along with similar words. However, some forward-looking statements may be expressed differently. These forward-looking statements are based on the Company’s current expectations, assumptions, and are subject to various uncertainties that could cause actual results or performance to differ materially. These risks and uncertainties are detailed in the Company’s annual reports on Form 10-K for fiscal year ending January 30, 2021. There are many risks and uncertainties that could lead to actual results and performance being different from those expected. These include the possibility that the Company will not be able to gauge fashion trends and change consumer preferences, the risks resulting in the Company’s highly competitive business and its dependence upon consumer spending patterns, the risk of the Company’s annual report on Form 10-K for the fiscal year ended January 30, 2021, the “Risk Factors” section of its annual report on Form 10-K for the fiscal year ended January 30, 2021, the risk to raises or to value engineering or price increases or to offset the Company’s, privacy and regulations, as well as well as tariffs and duties and tariffs These forward-looking statements are only valid as of the date made. The Company is not obligated to make public any revisions to these forward looking statements to reflect changes in events or circumstances after the date hereof, or to reflect unanticipated events.