Turtle Beach Corporation Launches “Play with Purpose” – Establishing the Company’s Environmental, Social, and Governance Goals to Further Improve Global Impact – Turtle Beach Corporation
WHITE PLAINS, N.Y.–(BUSINESS WIRE)–Apr. 21, 2022–
Leading gaming accessories provider Turtle Beach Corporation (Nasdaq: HEAR) today officially announced the Company’s Environmental, Social, and Governance (ESG) program, entitled Play with Purpose. The Company’s Play with Purpose program, along with its ESG Policy adopted by its Board of Directors, formalizes the Company’s ESG initiatives and sets goals that are, and will continue to be, a vital part of Turtle Beach Corporation’s business. Available on the Company’s corporate website, Play with Purpose highlights Turtle Beach Corporation’s current and future initiatives and goals to reduce its carbon footprint, eliminate plastic packaging, reduce packaging size, and add carbon impact labels on select products across its Turtle Beach, ROCCAT, and Neat Microphones brands. Beyond Turtle Beach Corporation’s ESG goals, Play with Purpose also provides insight into the Company’s diversity and inclusion and community involvement commitments.
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Turtle Beach Corporation launches “Play with Purpose” – establishing the company’s environmental, social, and governance goals to further improve global impact (Graphic: Business Wire)
“As one of the most well-known brands in gaming for decades, Turtle Beach has had a long-term commitment to ESG initiatives and today’s announcement articulates our future goals,” said Juergen Stark, Chairman and CEO, Turtle Beach Corporation. “With the guidance of the team at RPS Group, amplified by the energy within the organization to continue to do more and do better, we are excited to share these plans and our goals with the community. We want to ensure that when consumers buy Turtle Beach, ROCCAT, and Neat Microphones products, they have confidence knowing we’re focused on minimizing environmental impact, in addition to knowing they’re getting the highest-quality product.”
One of Turtle Beach Corporation’s commitments to date includes reducing plastic use in packaging by 88% (by weight) for the Company’s Stealth 600 Gen 2 headset for Xbox (as compared to the original Stealth 600 Xbox headset model). In addition, with other headset models, plastic use was reduced by 87%-96% (by weight). Turtle Beach Corporation has also re-engineered product packaging over time to reduce the overall size and allow for more efficient shipping, which reduces the carbon output associated with shipping products.
Nevertheless, Turtle Beach Corporation plans to go further. By 2023, the Company aims to introduce carbon neutral products and place carbon impact labeling on select products. Turtle Beach’s ESG team is investigating potential sources of post-consumer recycled plastics (PCR) and ways to best integrate PCRs into future products. By 2024, the goal is to incorporate at least 10% PCRs into select products. These actions will not only minimize Turtle Beach Corporation’s environmental impact, but will also enable Turtle Beach, ROCCAT, and Neat Microphones customers to make informed purchasing decisions that support a more sustainable lifestyle.
Turtle Beach Corporation’s Play …….