Sleep Country Releases Second Annual Environmental, Social and Governance (ESG) Report

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Sleep Country Releases Second Annual Environmental, Social and Governance (ESG) Report

Canada NewsWire

The Company's initiatives are supported by its core values, integrating its caring culture with its
commitment to its associates, customers, community, and environment.

TORONTO, Aug. 25, 2023 /CNW/ - Sleep Country Canada Holdings Inc. ("Sleep Country" or the "Company") (TSX: ZZZ) Canada's leading specialty sleep retailer is pleased to release its second annual ESG report for its fiscal year ended December 31, 2022. In this ESG report, Sleep Country offers an overview of its progress and performance identifying how the Company continues to drive positive, sustainable change, while measuring its impact.

"Building further on what we have been doing since Sleep Country's inception, our approach to ESG is truly woven into the fabric of who we are. Our strategy looks at the decisions we make today to ensure we do our part to build a better tomorrow. In the past year, our talented team continued to focus on fostering a diverse and caring culture, while prioritizing our community and environmental impact. We collaborated with other organizations to implement innovative solutions to reduce our carbon footprint while supporting our communities with various donations including providing sleep essentials for some of our nation's most vulnerable people," said Stewart Schaefer, President and Chief Executive Officer, Sleep Country. "As we look ahead, we remain committed to our vision of improving well-being for all. We are passionate about what we do and we will continue our journey to help awaken Canadians to the power of sleep."

"The entire Sleep Country team is dedicated to executing our multiple ESG initiatives including driving product and channel innovations, implementing a multi-pronged recycling and donation program, and championing transparency and ethical governance. The execution of our ESG strategy is our commitment to our stakeholders to provide high quality, ethically sourced, sleep solutions that enhance our customers' lives," said Craig De Pratto, Chief Financial Officer, and ESG executive sponsor, Sleep Country.

Sleep Country's 2022 ESG highlights include:

Social Responsibility:
  • 48.0% of our senior leadership team are women

  • 23.0% of our senior leadership team are visible minorities

  • $904,000 worth of sleep accessories donated to various organizations, including to those displaced by the war in Ukraine

  • $308,000 in cash donations to various organizations, including the Canadian Mental Health Association (CMHA)

  • Expanded wellness benefits for employees to include family leave top-up and supplementary parental leave

  • Over 1.1 million in-person touchpoints created for our customers, served by our 1,100+ sleep experts
Environmental Sustainability:
  • Over 158,000 mattresses diverted from landfill through donations or recycling

  • 75.0% of all Sleep Country retail locations updated with AI-enabled thermostats to increase efficiency and reduce emissions
Governance:
  • 100.0% suppliers and strategic partners have signed our Supplier Code of Conduct

To view Sleep Country's full 2022 ESG Report, click here.

About Sleep Country

Sleep Country is Canada's leading specialty sleep retailer with a purpose to transform lives by awakening Canadians to the power of sleep. Sleep Country operates under the retailer banners Sleep Country Canada, Dormez-vous, Endy, Silk & Snow, Hush, and most recently acquired, Casper Canada. The Company has omnichannel and eCommerce operations, including 295 corporate-owned stores and 19 warehouses across Canada. Recognized as one of Canada's Most Admired Corporate Cultures in 2022 by Waterstone Human Capital, Sleep Country is committed to building a company culture of inclusion and diversity where differences are embraced and valued. The Company actively invests in its sleep ecosystem, innovative products, world-class customer experience, communities, and its people. For more information about Sleep Country, please visit ir.sleepcountry.ca

SOURCE Sleep Country Canada Holdings Inc. Investor Relations

Cision View original content: http://www.newswire.ca/en/releases/archive/August2023/25/c3339.html

Copyright CNW Group 2023

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