The ODP Corporation Releases 2024 Sustainability Report

Rhea-AI Summary

The ODP (NASDAQ:ODP) has released its 2024 Corporate Sustainability Report, detailing its Environmental, Social, and Governance (ESG) practices and goals. Key achievements from 2023 include a 36% reduction in greenhouse gas emissions from 2019 levels, a 6.7% reduction in plastic use in packaging and e-commerce, and diverting 92% of waste from landfills. The company also raised $5.6 million to support Title I public schools. CEO Gerry Smith emphasized ODP’s commitment to sustainability through a ‘People, Planet, and Prosperity’ approach, underscored by their 5C Culture. The report aims to support customers' sustainability commitments and contribute positively to communities.

Positive

• Achieved a 36% reduction in GHG emissions from 2019 levels.
• Reduced plastic use in packaging and e-commerce by 6.7% from 2022 baseline.
• Diverted 92% of waste from landfills across distribution centers.
• Raised $5.6 million for Title I public schools through donations.

Negative

• None.

Report Presents the Company’s Environmental, Social and Governance (ESG) Practices and Goals

BOCA RATON, Fla.--(BUSINESS WIRE)-- The ODP Corporation (“ODP,” or the “Company”) (NASDAQ:ODP), a leading provider of products and services through an integrated business-to-business (B2B) distribution platform and omnichannel presence, today announced the release of its 2024 Corporate Sustainability Report, providing information on the Company’s sustainability practices and goals.

"I am excited to share our accomplishments and vision in our latest report for our People, Planet, and Prosperity—our triple bottom line approach to sustainability—with a strong focus on our 5C Culture," said Gerry Smith, chief executive officer for The ODP Corporation. "We're proud of our progress toward our sustainability commitments and goals and we will continue working toward creating a sustainable future for our company, our communities, and our planet."

The 2024 Corporate Sustainability Report presents the Company's notable achievements from 2023 and ongoing commitment to achieving its sustainability goals, supporting customers in meeting their sustainability commitments and making positive contributions to local communities. Accomplishments highlighted in the 2024 report include:

• Achieved a 36% reduction in greenhouse gas (GHG) emissions from 2019 (MT CO₂e Scopes 1 and 2)
• Calculated our full scope of GHG inventory for the second year, which helped us set science-based targets and have them validated by SBTi
• Delivered a 6.7% blended absolute plastic reduction in private label packaging and e-commerce shipping operations in 2023 from a 2022 baseline
• Diverted 92% of waste from landfills across our distribution center network
• Raised $5.6 million through in-store and online donations, powered by Round It Up America^®, to support Title I public schools

To view the complete 2024 Corporate Sustainability Report or for more information about sustainability at The ODP Corporation, please visit theodpcorp.com/corporate-sustainability.

About The ODP Corporation
The ODP Corporation (NASDAQ:ODP) is a leading provider of products, services, and technology solutions through an integrated business-to-business (B2B) distribution platform and omnichannel presence, which includes world-class supply chain and distribution operations, dedicated sales professionals, a B2B digital procurement solution, online presence and a network of Office Depot and OfficeMax retail stores. Through its operating companies Office Depot, LLC; ODP Business Solutions, LLC; Veyer, LLC; and Varis, Inc., The ODP Corporation empowers every business, professional, and consumer to achieve more every day. For more information, visit theodpcorp.com.

ODP and ODP Business Solutions are trademarks of ODP Business Solutions, LLC. Office Depot is a trademark of The Office Club, LLC. OfficeMax is a trademark of OMX, Inc. Veyer is a trademark of Veyer, LLC. Varis is a trademark of Varis, Inc. ©2024 Office Depot, LLC. All rights reserved. Any other product or company names mentioned herein are the trademarks of their respective owners.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240522032206/en/

Jennifer Robins

Media Relations

Jennifer.Robins@theodpcorp.com

Swati Joshi

Media Relations

Swati.Joshi@theodpcorp.com

Source: The ODP Corporation

FAQ

What are the key achievements in ODP's 2024 Sustainability Report?

ODP achieved a 36% reduction in GHG emissions, a 6.7% reduction in plastic use, diverted 92% of waste from landfills, and raised $5.6 million for Title I public schools.

How much did ODP reduce its greenhouse gas emissions by 2023?

ODP reduced its greenhouse gas emissions by 36% from 2019 levels.

What was the reduction in plastic use reported by ODP in 2023?

ODP reported a 6.7% reduction in plastic use in 2023 from a 2022 baseline.

How much waste did ODP divert from landfills in 2023?

ODP diverted 92% of waste from landfills across its distribution centers in 2023.

How much money did ODP raise for Title I public schools?

ODP raised $5.6 million for Title I public schools through in-store and online donations.