AEO Inc. Releases Inaugural “Building a Better World” ESG Report Prepared in Alignment with the Sustainability Accounting Standards Board (SASB)
15 Septembre 2022 - 2:00PM
Business Wire
- Raises and Expands Environmental Targets After Exceeding
Several Goals
- Renames Social Justice Scholarship in Honor of Late Board
Member Steven A. Davis
- Broadens Real Good Product Line Criteria
American Eagle Outfitters, Inc. (NYSE: AEO) today releases its
first annual environmental, social and governance (ESG) report
detailing its Building a Better World strategy and progress. AEO
also announces updated sustainability goals and renames the REAL
Change Scholarship to the Steven A. Davis Scholarship for Social
Justice in honor of AEO’s late board member.
The report outlines two decades of ESG achievements through the
company’s Planet, People and Practices initiatives. Notably, AEO
reduced its water use per pair of jeans produced by 36%, exceeding
a major water reduction goal two years early. Additionally, 95% of
American Eagle (AE) jeans and more than 50% of AE and Aerie brand
styles made in 2021 were produced under the Real Good label, which
signifies products made using the company’s highest environmental
standards.
“AEO’s inaugural ESG report underscores our commitment to
building a better world, ensuring greater transparency,
communication, standardized reporting and, most importantly,
outlining our goals for ongoing improvement,” said Jay
Schottenstein, AEO’s Executive Chairman of the Board and Chief
Executive Officer. “We are taking purposeful actions to protect our
planet, care for our people and operate with the highest level of
integrity through the very best practices. In working toward our
goals, every milestone achieved presents new opportunities to do
more. We will continue to raise the bar and build a more
sustainable, equitable future for our associates, customers and
communities.”
After several years of environmental action, AEO established
comprehensive climate goals in 2019. In 2021, the company
formalized its ESG strategy and established a cross-functional ESG
working group and steering committee overseen by the board of
directors. AEO has now updated its sustainability goals to
include:
- Committing to set a long-term net-zero target by 2024;
- Reducing water use per jean by 50% by 2025;
- Sourcing 100% renewable energy for all owned and operated
facilities by 2030;
- By 2023, 100% of cotton, 50% of polyester and 100% of man-made
cellulosic (MMC) fibers to be sourced more sustainably;
- Through the Real Good product label, the AE brand will also
require that jeans are made with a majority of sustainable fibers,
such as recycled or sustainably sourced cotton beginning with
back-to-school 2023. This is in addition to jeans being made in
factories that meet AEO’s water standards.
AEO is also proud to announce that it has renamed its REAL
Change Scholarship to the Steven A. Davis Scholarship for Social
Justice in honor of late AEO board member Steven Davis, who
unexpectedly passed away in July of 2022. Mr. Davis was an esteemed
advisor to the company’s leadership team with a passion for
building strong communities through inclusion, diversity, equity
and access. Introduced in 2020, the scholarship is a $5 million
commitment to advancing educational opportunities for AEO
associates who are driving anti-racism, equality and social justice
initiatives. In 2022, the second class of 15 recipients was named,
marking a total of 30 scholars who are each eligible for up to
$40,000 toward secondary education.
Other key achievements highlighted in AEO’s Building a Better
World 2021 ESG Report include:
- Saved 3.5 billion gallons of water across jeans factories since
the launch of the Water Leadership Program in 2017;
- Saved an estimated 5.1 billion gallons of water due to the
sourcing of Better Cotton;
- Sustainably sourced 59% of cotton and 16% of polyester used
across portfolio of brands;
- Aerie used the equivalent of 10.9 million plastic bottles in
recycled polyester;
- Increased the use of renewable energy in operations to 26%
through the procurement of green energy;
- Corporate board of directors comprising 50% diverse members, as
defined by gender and/or ethnicity;
- Achieved near gender parity in executive leadership, with 47%
of executive leaders identifying as female;
- Donated 40 million meals to Feeding America over the past two
years;
- Donated more than $46 million to charitable organizations
championing mental health, youth empowerment, education and the
environment since 2012.
AEO’s Building a Better World 2021 ESG performance reporting
aligns with the Sustainability Accounting Standards Board (SASB)
Apparel, Accessories & Footwear Standard. To view the full
report and learn more about AEO’s Planet, People and Practices
initiatives, please visit aeo-inc.com or click here.
About American Eagle Outfitters, Inc.
American Eagle Outfitters, Inc. (NYSE: AEO) is a leading global
specialty retailer offering high-quality, on-trend clothing,
accessories and personal care products at affordable prices under
its American Eagle® and Aerie® brands. Our purpose is to show the
world that there’s REAL power in the optimism of youth. The company
operates stores in the United States, Canada, Mexico, and Hong
Kong, and ships to 81 countries worldwide through its websites.
American Eagle and Aerie merchandise also is available at more than
270 international locations operated by licensees in 25 countries.
For more information, please visit www.aeo-inc.com.
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Olivia Messina 412-432-3300 LineMedia@ae.com
American Eagle Outfitters (NYSE:AEO)
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