Carter’s, Inc. Releases 2023 Raise the Future Impact Report

Rhea-AI Summary

Carter’s (NYSE: CRI), the largest branded marketer of young children’s apparel in North America, has released its fourth annual Raise the Future Impact Report. This report highlights the company's achievements and commitments in the areas of product sustainability, environmental footprint reduction, and community support.

Key achievements include over 40% of cotton and recycled polyester being sustainable, nearly 100% of apparel certified by OEKO-TEX® STANDARD 100, a 26% reduction in Scope 1 and 2 greenhouse gas emissions since 2019, and a 30% decrease in virgin plastic packaging. Additionally, Carter’s and its charitable foundation have invested over $8 million in community initiatives, and diversity in leadership roles has increased to over 20% and 25% for Vice Presidents and District Store Managers, respectively.

Positive

• Over 40% of cotton and recycled polyester are from sustainable sources.
• Nearly 100% of 2023 apparel certified by OEKO-TEX® STANDARD 100.
• 26% reduction in Scope 1 and 2 greenhouse gas emissions since 2019.
• 30% decrease in virgin plastic packaging in 2023.
• More than $8 million invested in charitable contributions and product donations.
• Diversity in Vice President roles increased to over 20%.
• Diversity in District Store Manager roles increased to over 25%.

Negative

• Current achievements are to direct sourced items excluding GOTS and items made before 2023.
• The report does not provide specific figures or targets for future improvements.
• Potential investor concerns regarding the pace of achieving sustainability goals.

Carter’s ‘Raise the Future’ platform inspires generations raising the future and highlights commitment to the environment, innovation, and communities

ATLANTA--(BUSINESS WIRE)-- Carter’s, Inc. (NYSE: CRI), the largest branded marketer of young children’s apparel in North America, is committed to a world where families with young children can grow and thrive. Today, Carter’s is announcing the release of its fourth annual Raise the Future Impact Report which highlights Carter’s corporate social responsibility strategies and programs under the Raise the Future^™ platform.

“We continue to make important advancements towards our Environmental, Social and Governance objectives,” said Antonio Robinson, Senior Vice President, General Counsel, Corporate Secretary, CSR, and Chief Compliance Officer. “Our annual Impact Report reaffirms Carter's commitment to transparency and demonstrates our progress to provide consumers with more sustainable products, reduce our carbon footprint and uplift our workers and communities.”

Carter’s 2023 Raise the Future Impact Report demonstrates the Company's dedication to serving families with young children across three key pillars: Product, Planet and People. Highlights of the report include:

• Product: Grow our sustainable offerings
  • More than 40% of Carter’s cotton and recycled polyester are from either sustainable or recycled fibers.
  • Nearly 100% of Carter’s apparel produced in 2023 is certified by OEKO-TEX® STANDARD 100, ensuring that it is tested and free of certain harmful substances. *
• Planet: Reduce our carbon and environmental footprint
  • Carter’s Scope 1 and 2 greenhouse gas emissions decreased in 2023 by 26% since 2019.
  • The amount of virgin plastic used in Carter’s packaging was reduced by more than 30% this past year.
• People: Uplift our workers and communities:
  • Community: In 2023, Carter’s and the Carter’s Charitable Foundation invested more than $8 million in charitable contributions and product donations.
  • Diversity & Inclusion: Carter’s has increased its diversity within Vice President and District Store Manager roles to more than 20% and more than 25%, respectively, in 2023.

* Limited to direct sourced items and excludes GOTS and items made before 2023.

To view and download the latest Raise the Future Impact Report, please visit https://esg.carters.com.

About Carter’s, Inc.

Carter’s, Inc. is the largest branded marketer in North America of apparel exclusively for babies and young children. The Company owns the Carter’s and OshKosh B’gosh brands, two of the most recognized brands in the marketplace. These brands are sold through over 1,000 Company-operated stores in the United States, Canada, and Mexico and online at www.carters.com, www.oshkosh.com, www.cartersoshkosh.ca, and www.carters.com.mx. Carter’s is the largest supplier of young children’s apparel to the largest retailers in North America. Its brands are sold in leading department stores, national chains, and specialty retailers domestically and internationally. The Company’s Child of Mine brand is available at Walmart, its Just One You brand is available at Target, and its Simple Joys brand is available on Amazon. The Company also owns Little Planet, a brand focused on organic fabrics and sustainable materials, and Skip Hop, a global lifestyle brand for families with young children. Carter’s is headquartered in Atlanta. Additional information may be found at www.carters.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240521122746/en/

Lindsay Rider

Senior Director, Public Affairs

Lindsay.Rider@carters.com

Source: Carter’s, Inc.

FAQ

What are the key highlights of Carter’s 2023 Raise the Future Impact Report?

Key highlights include sustainable product materials, significant reduction in greenhouse gas emissions, reduced virgin plastic packaging, and substantial charitable contributions.

How much has Carter’s reduced its greenhouse gas emissions by 2023?

Carter’s has reduced its Scope 1 and 2 greenhouse gas emissions by 26% since 2019.

What percentage of Carter’s 2023 apparel is certified by OEKO-TEX® STANDARD 100?

Nearly 100% of Carter’s 2023 apparel is OEKO-TEX® STANDARD 100 certified.

How much has Carter’s reduced the use of virgin plastic in packaging?

Carter’s has reduced the use of virgin plastic in packaging by more than 30% in 2023.

What investments has Carter’s made in community support in 2023?

Carter’s and its charitable foundation have invested more than $8 million in charitable contributions and product donations.

What is the increase in diversity within Carter’s leadership roles in 2023?

Diversity has increased to over 20% in Vice President roles and over 25% in District Store Manager roles.