Our Broader
Value
2022 CORPORATE
SOCIAL
RESPONSIBILITY
REPORT
2022 CORPORATE SOCIAL RESPONSIBILITY REPORT
OVERVIEW
ASSOCIATES
COMMUNITIES
ENVIRONMENT
SUPPLY CHAIN
GOVERNANCE & ETHICS
DATA &
DISCLOSURES
Welcome
Overview | 2 | Supply Chain | 35 | |||
2022 Milestones | 3 | Supplier Risk Management | 36 | |||
Reflections on the Year | 4 | Human Rights | 38 | |||
Burlington: Serving Communities for 50 Years | 5 | Product Quality and Safety | 39 | |||
CSR Approach | 7 | Governance & Ethics | ||||
40 | ||||||
Associates | 10 | |||||
Governance and Accountability | 41 | |||||
Diversity, Equity, & Inclusion | 11 | Ethical Conduct | 43 | |||
Great Place to Work | 16 | Risk Management | 45 | |||
Growing with Burlington | 18 | Data & Disclosures | ||||
46 | ||||||
Safety and Wellbeing | 20 | |||||
Relevant ESG Topic Definitions | 47 | |||||
Communities | ||||||
23 | ||||||
ESG Data Tables | 49 | |||||
Customer Giving | 24 | GRI Index | 57 | |||
The Burlington Stores Foundation | 25 | SASB Index | 61 | |||
Corporate Giving | 27 | TCFD Index | 63 | |||
Environment | Forward-Looking and Cautionary Statements | 64 | ||||
28 | ||||||
Sustainability 2.0 | 29 | |||||
Energy and Climate | 30 | |||||
Waste and Product End-of-Life | 33 | |||||
About This Report
This report highlights our Corporate Social Responsibility (CSR) efforts and focuses on the Environmental, Social, and Governance (ESG) issues of greatest importance to our stakeholders. It has been prepared with reference to the Global Reporting Initiative (GRI) Standards. It also aligns with several broader frameworks, including the Sustainability Accounting Standards Board (SASB), CDP Climate Change, the Task Force on Climate-related Financial Disclosures (TCFD), and the United Nations Sustainable Development Goals (SDGs).
We incorporate feedback from stakeholders, including investors, into our CSR report, and the report is reviewed by our ESG/CSR Executive Committee and presented to our Board of Directors prior to release. Information in this report principally covers our 2022 fiscal year (FY 2022), which ended on January 28, 2023. Where "2022" is referred to, it means FY 2022, and all data refers to FY 2022 unless otherwise stated. Environmental data points, including greenhouse gas (GHG) emissions, are based on activity between February 1, 2022 and January 31, 2023. "Associates" refers to corporate, store, distribution center/warehouse, and field employees of the Company, and "sustainability" refers to environmental sustainability. If you would like further information or to provide any feedback, email us at Info@BurlingtonInvestors.com.
- JUMP TO DATA & DISCLOSURES
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2022 CORPORATE SOCIAL | GOVERNANCE | DATA & | |||||
RESPONSIBILITY REPORT | OVERVIEW | ASSOCIATES | COMMUNITIES | ENVIRONMENT | SUPPLY CHAIN | ||
& ETHICS | DISCLOSURES | ||||||
2022 Milestones
Associates | Communities | Environment | Supply Chain | Governance & Ethics |
Increased | $4m+ | 45% | New |
DIVERSITY OF MANAGEMENT | IN CUSTOMER GIVING | REDUCTION IN SCOPE 1&2 | ENVIRONMENTAL |
AND SENIOR MANAGEMENT | GHG EMISSIONS1 | SUPPLIER SCREENING |
95% | $1.6m+ | 9% | New |
OF ASSOCIATES BELIEVE THEIR | IN BURLINGTON STORES | RENEWABLE ENERGY | PARTNERSHIP WITH THE |
MANAGER TREATS THEM FAIRLY, | FOUNDATION GRANTS | CONSUMPTION2 | NATIONAL MINORITY SUPPLIER |
REGARDLESS OF THEIR IDENTITY, | AND DONATIONS | DEVELOPMENT COUNCIL | |
PER 2022 PULSE SURVEY |
385k+ | 60k+ | 63% | Released |
HOURS OF ECOURSES | ITEMS OF MERCHANDISE | OF WASTE DIVERTED | CHEMICAL MANAGEMENT |
COMPLETED | DONATED TO COMMUNITIES | FROM LANDFILLS | STATEMENT AND PROGRAM |
- Square foot intensity compared to 2016 baseline.
- Percentage of total RECs compared to total electricity consumption.
30%
OF BOARD MEMBERS
WERE FEMALE
Board oversight
OF ESG MATTERS
Benchmarked
AGAINST NATIONAL INSTITUTE OF
STANDARDS AND TECHNOLOGY
CYBERSECURITY FRAMEWORK
3
2022 CORPORATE SOCIAL RESPONSIBILITY REPORT
OVERVIEW
ASSOCIATES
COMMUNITIES
ENVIRONMENT
SUPPLY CHAIN
GOVERNANCE & ETHICS
DATA &
DISCLOSURES
Reflections
ON THE Year
87
NET NEW STORES OPENED IN 2022
Michael
O'Sullivan
CHIEF EXECUTIVE
OFFICER
2022 marked our 50th anniversary as an off-price retailer. From our origins as a single retail store in Burlington, New Jersey to operating over 900 brick and mortar stores nationwide, in this report we consider the broader value we can create for the communities where we work and live.
Whether it's the more than one million Associates who have worked for Burlington, the tens of millions of customers who have shopped in our stores, or the enormous variety of vendor partners and investors we work with, we can be proud of the trusted reputation we continue to hold in our communities. The hard-earned loyalty of customers was tested in FY 2022 as we faced strong economic headwinds, notably inflation affecting the lower income shopper.
The theme of this report, Our Broader Value, highlights the value that our ever-evolving Corporate Social Responsibility (CSR) program - and the Burlington Full Potential strategy - brings to our Associates, customers, communities, and investors.
CSR is fundamental across our organization
- not only because it's the right thing to do and aligns with our values, but because it makes solid business sense. In fact, the way we approached CSR in 2022 is reflected in how we created broader value across our business.
Whether it was opening 87 net new stores and creating opportunities for diverse talent; celebrating our customers for donating over $4 million through store checkout campaigns for non-profit organizations that support our communities; upholding human rights in our supply chains; or focusing on energy-saving projects that help to reduce emissions in our communities while making substantial savings to our bottom line - we can be proud of the CSR progress made, despite difficult economic circumstances.
As we look ahead, I am committed to ensuring that Burlington continues to define success in part by how effectively we pair our growth with adding broader value to the communities and customers we serve.
Thank you for your interest in Burlington.
Michael O'Sullivan
CHIEF EXECUTIVE OFFICER
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2022 CORPORATE SOCIAL RESPONSIBILITY REPORT
OVERVIEW
ASSOCIATES
COMMUNITIES
ENVIRONMENT
SUPPLY CHAIN
GOVERNANCE & ETHICS
DATA &
DISCLOSURES
Burlington: Serving Communities for 50 Years
Since 1972 we've been serving customers with high quality, branded merchandise at everyday low prices. Today, as a Fortune 500 company, those same
2022 NATIONAL STORE FOOTPRINT
values are evident in our CSR approach and in how we plan for a profitable yet sustainable future.
At Burlington, we know that some of our customers "want" a deal but we believe that most of our shoppers "need" a deal. We meet that need by offering everyday low prices,
at up to 60% off other retailers' prices,
on an extensive assortment of brand name merchandise for the entire family and home. We ended FY 2022 with 927 stores and net sales of $8.7 billion.
With 87 net new stores opened during the year, we have further solidified our position in the off-price retail market. We expect to open an additional 70 to 80 net new stores in 2023, and an additional 500 to 600 net new stores over the following five years.
129
WEST STORES
WA
16
MT | ||
OR | ||
7 | ||
ID | ||
3 | ||
WY | ||
NV | ||
13 | ||
UT | ||
CA | 9 | CO |
101 | 14 | |
AZ | NM | |
20 | ||
5 |
AK
2
169
SOUTHWEST
STORES
ND
1
SD
1
NE
4
KS
5
OK
8
TX
100
172
MIDWEST
STORES
13 | NY | ME | MA | 193 | ||
3 | ||||||
NH | ||||||
MN | VT | 4 | ||||
WI | 57 | 20 | NORTHEAST | |||
STORES | ||||||
10 | MI | RI | ||||
IA | 25 | PA | 6 | |||
CT | ||||||
4 | OH | 41 | NJ | 15 | ||
IL | IN | |||||
30 | 44 | |||||
42 | 18 | WV | VA | DE | ||
MO | 1 | 26 | 3 | |||
11 | KY 8 | NC | MD | |||
21 | ||||||
TN 15 | 26 | |||||
AR | SC | |||||
6 | 12 | 264 | ||||
7 | AL | GA | ||||
MS | 10 | 30 | ||||
2 |
LA
SOUTHEAST
STORES
FL 93
PR
15
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Disclaimer
Burlington Stores Inc. published this content on 14 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 August 2023 17:28:06 UTC.