Office Depot Releases 2009 Corporate Citizenship Report
BOCA RATON, Fla.-(Business Wire)-September 23, 2009 - Office Depot (NYSE:ODP), a leading global provider of office products and services, today announced the release of its 2009 Corporate Citizenship Report. The report, which highlights the Company’s commitment to diversity, environmental sustainability, community and ethics around the world for the 2008 calendar year, is available in print as well as online at www.officedepot.com/corporatecitizenship.
“It is Office Depot’s belief that corporate citizenship should not go out of favor in challenging times,” said Steve Odland, Chairman and CEO of Office Depot. “Our Board of Directors, our management team and our associates around the world are committed to meeting the critical needs of the people and environment around us – regardless of the economic situation.”
The Corporate Citizenship Report is an evolved version of Office Depot’s past Community Relations, Environmental Stewardship and Sustainable Value Reports. For the third consecutive year, the report references guidelines established by the Global Reporting Initiative.
Highlights from the 2009 Corporate Citizenship Report include:
- Diversity: Office Depot increased sales of products from Historically Underutilized Businesses (HUBs) to over half a billion dollars; the Company achieved $85 million in Tier One partner sales and an additional $70 million in Internal Procurement HUB spend.
- Office Depot built the Company’s first Leadership in Energy and Environmental Design (LEED) Gold Certified store in Austin, Texas; the Company ended 2008 with more than 6,100 items with green attributes in its North American assortment, and reduced its facilities and transportation carbon footprint by 6%.
- Community: The Office Depot Foundation gave $20.2 million in financial aid and in-kind donations and assisted 1,689 charities through the National Backpack Program. By the end of 2008, more than 1,780,000 backpacks were donated to children since 2001.
- Ethics: Office Depot increased the number of factories inspected in the Company’s social accountability program by 48.
The 2009 Office Depot Corporate Citizenship Report is available in a hardcopy brochure. An extended version of the report is available online at www.officedepot.com/corporatecitizenship.
About Office Depot
Every day, Office Depot is Taking Care of Business for millions of customers around the globe. For the local corner store as well as Fortune 500 companies, Office Depot provides products and services to its customers through 1,593 worldwide retail stores, a dedicated sales force, top-rated catalogs and a $4.3 billion e-commerce operation. Office Depot has annual sales of approximately $14.5 billion, and employs about 42,000 associates around the world. The Company provides more office products and services to more customers in more countries than any other company, and currently sells to customers directly or through affiliates in 47 countries.
Office Depot’s common stock is listed on the New York Stock Exchange under the symbol ODP and is included in the S&P 500 Index. Additional press information can be found at: http://mediarelations.officedepot.com. Information specific to Office Depot’s environmental sustainability initiatives can be found at http://mediarelations.officedepot.cc/environment.
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