Buy It Like You Mean It - Tools for Responsible Shopping
8 peers.
Hasbro Inc. manufactures and licenses a wide range of toys and games, including favorites such as G.I. Joe, Play-Doh, Scrabble, Monopoly, and Trivial Pursuit. Based in Pawtucket, Rhode Island, the company employs 5,900 and reported revenues of approximately $3.152 billion in 2006.
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Price fixing toys and games with wholesale distributors.
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"In 2002, Hasbro was fined $7.9 million by the United Kingdom Office of Fair Trading for price fixing by setting prices on toys and games with wholesale distributors. A second charge of price fixing with retailers was dropped after the company cooperated with the investigation. But the OFT did fine UK toys retail chains GUS PLC's Argos and Littlewoods $36.1 million. The company initially appealed the verdict but in 2003 dropped its appeal, saying "The time was right to put this matter behind us and to move forward.""
Quoting CoopAmerica http://www.coopamerica.org/programs/responsibleshopper/http://www.coopamerica.org/programs/responsibleshopper/company.cfm?id=237
"In 2002, Hasbro was fined $7.9 million by the United Kingdom Office of Fair Trading for price fixing by setting prices on toys and games with wholesale distributors. A second charge of price fixing with retailers was dropped after the company cooperated with the investigation. But the OFT did fine UK toys retail chains GUS PLC's Argos and Littlewoods $36.1 million. The company initially appealed the verdict but in 2003 dropped its appeal, saying "The time was right to put this matter behind us and to move forward.""
Quoting CoopAmerica http://www.coopamerica.org/programs/responsibleshopper/http://www.coopamerica.org/programs/responsibleshopper/company.cfm?id=237
Citations to media and websites:
$8.4 million earned by CEO in 2006.
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"Hasbro Chairman and CEO, Alfred J. Verrecchia, earned $8,406,288 in total compensation for 2006 according to the SEC and $9,625,296 according to the AFL-CIO's calculations."
Quoting CoopAmerica http://www.coopamerica.org/programs/responsibleshopper/http://www.coopamerica.org/programs/responsibleshopper/company.cfm?id=237
"Hasbro Chairman and CEO, Alfred J. Verrecchia, earned $8,406,288 in total compensation for 2006 according to the SEC and $9,625,296 according to the AFL-CIO's calculations."
Quoting CoopAmerica http://www.coopamerica.org/programs/responsibleshopper/http://www.coopamerica.org/programs/responsibleshopper/company.cfm?id=237
Citations to media and websites:
Shareholders call for basic labor and human rights standards.
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"The New York City Employees Retirement System (NYC Pension Funds), holds 11 companies (including Hasbro) in its portfolio, and has filed a resolution with each company asking for the development of a code of conduct that is based on the International Labor Organization's core labor standards and the UN's Draft Norms on the Responsibilities of Transnational Corporations with Regards to Human Rights. ILO conventions include the right to form and join a union, a prohibition on discrimination and intimidation, and prohibition against forced labor, child labor, and prison labor."
Quoting CoopAmerica http://www.coopamerica.org/programs/responsibleshopper/http://www.coopamerica.org/programs/responsibleshopper/company.cfm?id=237
"The New York City Employees Retirement System (NYC Pension Funds), holds 11 companies (including Hasbro) in its portfolio, and has filed a resolution with each company asking for the development of a code of conduct that is based on the International Labor Organization's core labor standards and the UN's Draft Norms on the Responsibilities of Transnational Corporations with Regards to Human Rights. ILO conventions include the right to form and join a union, a prohibition on discrimination and intimidation, and prohibition against forced labor, child labor, and prison labor."
Quoting CoopAmerica http://www.coopamerica.org/programs/responsibleshopper/http://www.coopamerica.org/programs/responsibleshopper/company.cfm?id=237
Citations to media and websites:
Shareholders call for basic labor and human rights standards.
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"The New York City Employees Retirement System (NYC Pension Funds), holds 11 companies (including Hasbro) in its portfolio, and has filed a resolution with each company asking for the development of a code of conduct that is based on the International Labor Organization's core labor standards and the UN's Draft Norms on the Responsibilities of Transnational Corporations with Regards to Human Rights. ILO conventions include the right to form and join a union, a prohibition on discrimination and intimidation, and prohibition against forced labor, child labor, and prison labor."
Quoting CoopAmerica http://www.coopamerica.org/programs/responsibleshopper/http://www.coopamerica.org/programs/responsibleshopper/company.cfm?id=237
"The New York City Employees Retirement System (NYC Pension Funds), holds 11 companies (including Hasbro) in its portfolio, and has filed a resolution with each company asking for the development of a code of conduct that is based on the International Labor Organization's core labor standards and the UN's Draft Norms on the Responsibilities of Transnational Corporations with Regards to Human Rights. ILO conventions include the right to form and join a union, a prohibition on discrimination and intimidation, and prohibition against forced labor, child labor, and prison labor."
Quoting CoopAmerica http://www.coopamerica.org/programs/responsibleshopper/http://www.coopamerica.org/programs/responsibleshopper/company.cfm?id=237
Citations to media and websites:
Failed to satisfy strict supply chain labor standards.
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"Hasbro was removed from the FTSE4Good Index series as a result of failing to satisfy supply chain labor standards. The FTSE4Good Index encourages investment in socially responsible companies that are included in the index only after meeting strict criteria. Companies are screened and evaluated on products the company sells, countries that supply the products, and exposure in these markets in terms of revenue."
Quoting CoopAmerica http://www.coopamerica.org/programs/responsibleshopper/http://www.coopamerica.org/programs/responsibleshopper/company.cfm?id=237
"Hasbro was removed from the FTSE4Good Index series as a result of failing to satisfy supply chain labor standards. The FTSE4Good Index encourages investment in socially responsible companies that are included in the index only after meeting strict criteria. Companies are screened and evaluated on products the company sells, countries that supply the products, and exposure in these markets in terms of revenue."
Quoting CoopAmerica http://www.coopamerica.org/programs/responsibleshopper/http://www.coopamerica.org/programs/responsibleshopper/company.cfm?id=237
Citations to media and websites:
Nerf Big Play Football has cut a few kids' faces.
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"The Consumer Product Safety Committee (CPSC) listed Hasbro’s Nerf Big Play Football as one of its 10 Hazardous Recalled Toys for 2004. According to the CPSC, “The football contains a hard plastic interior frame that can pose a risk of facial cuts if a child is hit during play. There have been nine reports of facial injuries, including eight requiring stitches or medical attention.”"
Quoting CoopAmerica http://www.coopamerica.org/programs/responsibleshopper/http://www.coopamerica.org/programs/responsibleshopper/company.cfm?id=237
"The Consumer Product Safety Committee (CPSC) listed Hasbro’s Nerf Big Play Football as one of its 10 Hazardous Recalled Toys for 2004. According to the CPSC, “The football contains a hard plastic interior frame that can pose a risk of facial cuts if a child is hit during play. There have been nine reports of facial injuries, including eight requiring stitches or medical attention.”"
Quoting CoopAmerica http://www.coopamerica.org/programs/responsibleshopper/http://www.coopamerica.org/programs/responsibleshopper/company.cfm?id=237
Citations to media and websites:
Have not provided locations of factories where toys are built. Perhaps covering up severe worker abuses.
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"Hasbro's operations in China made it one of the targets of the National Labor Committee's "Toys of Misery" campaign which demanded that toy companies disclose the names and addresses of the factories used to make toys in China and allow third party independent monitoring of these facilities. The "Toys of Misery" report states that toy workers in China--mostly young women-- are forced to work 16 hours a day, seven days a week, for 17 cents an hour. Hasbro and other companies have responded to the allegations by stating that they employ Codes of Conduct and strict monitoring systems in their plants in China."
Quoting CoopAmerica http://www.coopamerica.org/programs/responsibleshopper/http://www.coopamerica.org/programs/responsibleshopper/company.cfm?id=237
"Hasbro's operations in China made it one of the targets of the National Labor Committee's "Toys of Misery" campaign which demanded that toy companies disclose the names and addresses of the factories used to make toys in China and allow third party independent monitoring of these facilities. The "Toys of Misery" report states that toy workers in China--mostly young women-- are forced to work 16 hours a day, seven days a week, for 17 cents an hour. Hasbro and other companies have responded to the allegations by stating that they employ Codes of Conduct and strict monitoring systems in their plants in China."
Quoting CoopAmerica http://www.coopamerica.org/programs/responsibleshopper/http://www.coopamerica.org/programs/responsibleshopper/company.cfm?id=237
Citations to media and websites:
Have not provided locations of factories where toys are built. Perhaps covering up severe worker abuses.
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"Hasbro's operations in China made it one of the targets of the National Labor Committee's "Toys of Misery" campaign which demanded that toy companies disclose the names and addresses of the factories used to make toys in China and allow third party independent monitoring of these facilities. The "Toys of Misery" report states that toy workers in China--mostly young women-- are forced to work 16 hours a day, seven days a week, for 17 cents an hour. Hasbro and other companies have responded to the allegations by stating that they employ Codes of Conduct and strict monitoring systems in their plants in China."
Quoting CoopAmerica http://www.coopamerica.org/programs/responsibleshopper/http://www.coopamerica.org/programs/responsibleshopper/company.cfm?id=237
"Hasbro's operations in China made it one of the targets of the National Labor Committee's "Toys of Misery" campaign which demanded that toy companies disclose the names and addresses of the factories used to make toys in China and allow third party independent monitoring of these facilities. The "Toys of Misery" report states that toy workers in China--mostly young women-- are forced to work 16 hours a day, seven days a week, for 17 cents an hour. Hasbro and other companies have responded to the allegations by stating that they employ Codes of Conduct and strict monitoring systems in their plants in China."
Quoting CoopAmerica http://www.coopamerica.org/programs/responsibleshopper/http://www.coopamerica.org/programs/responsibleshopper/company.cfm?id=237
Citations to media and websites:
Exploitative and illegal working conditions.
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"A 2005 report by China Labor Watch called “The Toy Industry in China: Undermining Workers’ Rights and Rule of Law,” highlights the violations of worker rights in toy plants in Dongguan City, Guangdong Province. The report specifically highlights the Kai Long manufacturing plant in Hong Kong, which exports toys for Hasbro, Mattel, McDonald’s, and KFC. Violations of international labor laws and those of China include:
Routine 14.5 hour weekdays with only one day off a month
Wages at 59 percent of the local minimum wage standard in Dongguan City
No overtime compensation
Workers deprived of 43 percent of their legal wage, earning .0125 to .025 cents per toy they produce
Inadequate and unsanitary working conditions and dorm rooms
No insurance for regular workers
No independent trade unions
Li Qiang, the executive director of China’s Labor Watch commented: “Abusive conditions persist, threatening to undermine any gains made in workers’ standard of living and hindering the development of rule of law in China.”"
Quoting CoopAmerica http://www.coopamerica.org/programs/responsibleshopper/http://www.coopamerica.org/programs/responsibleshopper/company.cfm?id=237
"A 2005 report by China Labor Watch called “The Toy Industry in China: Undermining Workers’ Rights and Rule of Law,” highlights the violations of worker rights in toy plants in Dongguan City, Guangdong Province. The report specifically highlights the Kai Long manufacturing plant in Hong Kong, which exports toys for Hasbro, Mattel, McDonald’s, and KFC. Violations of international labor laws and those of China include:
Routine 14.5 hour weekdays with only one day off a month
Wages at 59 percent of the local minimum wage standard in Dongguan City
No overtime compensation
Workers deprived of 43 percent of their legal wage, earning .0125 to .025 cents per toy they produce
Inadequate and unsanitary working conditions and dorm rooms
No insurance for regular workers
No independent trade unions
Li Qiang, the executive director of China’s Labor Watch commented: “Abusive conditions persist, threatening to undermine any gains made in workers’ standard of living and hindering the development of rule of law in China.”"
Quoting CoopAmerica http://www.coopamerica.org/programs/responsibleshopper/http://www.coopamerica.org/programs/responsibleshopper/company.cfm?id=237
Citations to media and websites:
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