The ODP Corporation (ODP) 2024年CSR报告「NASDAQ」.pdf

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1、SUSTAINABILITY REPORT2024IntroGOVERNANCEPLANET PEOPLE PROSPERITYSASB INDEX INTRO GOVERNANCE PLANET PEOPLE PROSPERITY SASB INDEXA Word From Our CEOAt The ODP Corporation,we are immensely proud of our 5C CultureCustomer,Commitment,Change,Caring,and Creativitywhich forms the bedrock of everything we do

2、 and has guided our actions and unwavering dedication to responsible business practices.It is in this spirit that Id like to reflect on our accomplishments and share our vision for our People,Planet and Prosperity,our triple bottom line approach to sustainability.Our continuous focus on customer-cen

3、tricity,innovation,and operational efficiency has enabled our success in a rapidly evolving business landscape.Our realigned business unit structure has helped us to create a more dynamic,capable company,allowing us to focus on operational excellence for our B2B and B2C customers.I am pleased to sha

4、re that we continue to make progress towards our Sustainability commitments and goals.Additionally,we successfully earned validation from the SBTi of our science-based targets for scope 1,scope 2 and scope 3 greenhouse gas(GHG)emissions.This significant milestone demonstrates our commitment to envir

5、onmental sustainability and aligns with our ongoing efforts to combat the effects of climate change.Our dedication to We are immensely proud of our 5C Culture,which forms the bedrock of everything we do and has guided our actions and unwavering dedication to responsible business practices.CREATIVITY

6、CHANGECARINGOUR 5C CULTURECUSTOMERCOMMITMENT03INTRO GOVERNANCE PLANET PEOPLE PROSPERITY SASB INDEXTogether,we will continue working toward creating a thriving and sustainable future for our company,our communities,and our planet.sustainability is driven by our focus on the long-term well-being of ou

7、r planet and society and is fundamental to our strategy and decision-making processes.People are at the heart of our 5C Culture,and we remain committed to promoting a safe,trusting environment where our associates,customers and vendors feel valued,respected,and accepted.We celebrate differences in p

8、erspectives and experiences and believe that open dialogue and feedback are core to our success as a company.The ODP Corporation is committed to the personal and professional growth of all of our associates,and we work together to make a positive impact in the communities where we live and do busine

9、ss.I would like to acknowledge our exceptional team of associates for their dedication and commitment to excellent customer service and their focus on exceeding our customers expectations.Our industry-leading Net Promoter Score(NPS)reflects the trust and loyalty our customers have placed in us.I was

10、 thrilled to announce a major company milestone in May 2023 when we achieved a year-to-date NPS score of 70 for the first time as a total company.This achievement is a testament to our teams relentless pursuit of customer satisfaction.Looking ahead,we remain committed to building on our successes.We

11、 understand that the journey of continuous improvement is never-ending,and we continue to embrace the challenges it presents.Gerry Smith CEO,THE ODP CORPORATION70YEAR-TO-DATE NET PROMOTER SCOREachieved for the first time as a total companyThe ODP Corporation remains committed to building on its succ

12、esses.04INTRO GOVERNANCE PLANET PEOPLE PROSPERITY SASB INDEXHighlights36%REDUCTION IN SCOPE 1&2 EMISSIONSsince 2019 1 10 ASSOCIATE RESOURCE GROUPS(ARGs)70 NET PROMOTER SCORE70 6.7%PLASTIC REDUCEDsince 2022$5.6M MILLION RAISED via Point-of-Sale fundraising to support Title 1 schools 29%INCREASE IN DI

13、VERSE SUPPLIER SPEND 92%WASTE DIVERSION RATE ACHIEVEDacross all distribution centers 7K VOLUNTEER HOURSlogged in 2023 459 GRANTS AWARDED to Black and Hispanic small business owners since 2021PLANETPEOPLEPROSPERITY05INTROGovernancePLANET PEOPLE PROSPERITYSASB INDEX INTRO GOVERNANCE PLANET PEOPLE PROS

14、PERITY SASB INDEXPROGRAM IMPLEMENTATIONGovernance&OversightThe Board of Directors recognizes the importance of sustainability and ESG(Environmental,Social,and Governance)and provides oversight while management works to integrate our program into the companys strategy,products,services,and operations

15、.The Committees as part of the Board of Directors review our sustainability and ESG efforts including corporate social responsibility,environmental sustainability,disclosures,talent development,and compensation.We prioritize preserving the environment and providing a safe workplace.Our Sustainabilit

16、y Governance Council represents key departments and drives initiatives to achieve our sustainability goals and progress.Executive Vice President,Chief Legal Officer and Corporate SecretaryExecutive Vice President,The ODP Corporation and President of VEYERVice President,Sustainability and Supplier Di

17、versityCompensation&Talent CommitteeCorporate Governance&Nominating Committee Audit CommitteeSustainability Operating CommitteeESG Steering Committee Sustainability Governance Council 7 28 8%ETHNICALLY DIVERSEBoard members143%FEMALEThe Board of Directors is committed to strong governance practices.W

18、e are proud to have a Board comprised of talented Directors with diverse skillsets,perspectives,experiences,and backgrounds along with diversity in gender and ethnicity.Board of DirectorsOVERSIGHTMANAGEMENT1 As of February 28,202407INTRO GOVERNANCE PLANET PEOPLE PROSPERITY SASB INDEXIn 2022,The ODP

19、Corporation completed a transformation of its operations,under its holding company structure,into a synergistic fourbusiness unit model.The realignment of the operating businesses enables management teams to focus on meeting their respective customers needs while implementing channel-specific strate

20、gies.Leading provider of B2B workplace and technology solutions,combining an extensive range of products and services with a national footprint and experienced business advisors.A provider of best-in-class supply chain services,forward-thinking logistics solutions,and cost-effective operational effi

21、ciencies to meet the business challenges of today and tomorrow.Innovative-driven B2B technology platform business that is transforming the complete procurement ecosystem for buying organizations and suppliers.Business Unit Model Leading omnichannel retailer dedicated to helping its small business,ho

22、me office,and education clients live more productive and organized lives through innovative products and services.08INTRO GOVERNANCE PLANET PEOPLE PROSPERITY SASB INDEXCompliance&EthicsThe ODP Corporations Global Compliance Department provides education,training,and information to our associates aro

23、und the world with respect to our ethical business practices and related compliance policies.The ODP Corporation is committed to upholding high standards of corporate conduct in all business dealings.All associates are expected to comply with our Code of Ethical Behavior,which outlines expectations

24、of how we should act toward one another,as well as maintaining compliance with the laws that govern our business.The Code of Ethical Behavior is the foundation upon which our policies,training programs,and ethical decisions are built,and is designed to reinforce a culture of integrity and ethical be

25、havior.Code of Ethical Behavior2023 I N T E G R I T Y C U S T O M E R I N T E G R I T Y A C C O U N T A B I L I T Y C O M M I T M E N T C H A N G E C O D E I N N O V A T I O N C A R I N G C R E A T I V I T Y T E A M W O R K R E S P E C T O F C O M M I T M E N T A C C O U N T A B I L I T Y I N N O V

26、A T I O N C H A N G E C A R I N G E T H I C A L R E S P E C T C R E A T I V I T Y C U S T O M E R B E H A V I O R I N N O V A T I O N T E A M W O R K C H A N G E C A R I N G R E S P E C T A C C O U N T A B I L I T Y C R E A T I V I T Y 5CUSTOMERCOMMITMENTCHANGECARING CREATIVITY5C CULTURE09INTRO GOVE

27、RNANCE PLANET PEOPLE PROSPERITY SASB INDEXSupply ChainThe ODP Corporation aims to partner with suppliers who meet internationally recognized standards around safety,equality,fair treatment of employees,environmental awareness,and supply chain security in their operations.We manage a consistent,effec

28、tive,and comprehensive monitoring system that allows us to measure the progress and achievements of our compliance policies and programs.We work closely with our suppliers to continuously improve and enhance our supply chain and proactively address any potential issues within it.51 1%HAVE APPROVED C

29、ertification,Collaboration,or Shared audit waivers2233 ACTIVE 3RD PARTY FACTORIES49%AUDITED BY an independent third-party audit provider 1 100%of Direct Import and Private Brand factories have completed ODPs Social Compliance review2 We have increased our acceptance of Certifications and Shared Audi

30、ts that comply with our Company standards.This reduces the turn around time to qualify a factory for production and improves speed to market.10INTRO GOVERNANCE PLANET PEOPLE PROSPERITY SASB INDEX7 79%SATISFACTORY/MINOR PROGRESS NEEDED2 1 1%NEEDS IMPROVEMENTSocial Compliance and Security Audits We wo

31、rk extensively with independent,impartial,accredited third-party audit partners to conduct onsite Social Compliance and Security Audits.These audits are an effective way to monitor the operations of our factories for compliance with our social responsibility,security and environmental standards,and

32、all applicable laws and regulations.They also help maintain Private Brand factory compliance,minimizing brand reputation risks.We actively train and work with our suppliers to implement sustainably responsible solutions,and to identify and address the root cause of any detected violations during fac

33、tory inspections.ctpat security98 8%SATISFACTORY/MINOR PROGRESS NEEDED2%NEEDS IMPROVEMENT 1 10%PERFORMANCEDECLINE in Social Compliance factory performance due to factory consolidations,relocations,replacements,and new factory onboarding.We provide enhanced training to our suppliers to promote sustai

34、nable continuous improvements in their management systems.social complianceFACTORY PERFORMANCE11INTRO GOVERNANCE PLANET PEOPLE PROSPERITY SASB INDEXCybersecurityThe ODP Corporation is committed to creating and maintaining high standards of cybersecurity.We have a comprehensive approach to cybersecur

35、ity and risk mitigation that includes vigorous protection of customer personally identifiable information(PII)and company confidential information.The foundation of our cybersecurity program aligns with the internationally-recognized ISO/IEC 27001 industry security standard.We deploy a multifaceted,

36、in-depth data security defense program that is led by our Chief Information Security Officer and implemented by a team of trained cybersecurity professionals to address data security risks,vulnerabilities,and to protect all company assets.Through people,process,and technology,The ODP Corporation wor

37、ks to identify risks and apply risk mitigation and treatment to each risk based on defined policies and procedures.The ODP Corporation has information security and privacy policies in place that are informed by regulatory requirements.These policies are reviewed periodically for alignment with curre

38、nt state and federal laws and regulations.We also comply with applicable industry security standards,including the Payment Card Industry Data Security Standard(PCI DSS).Our technology systems and security program are subject to regular audits by our Internal Audit Team and independent external audit

39、ors.Cybersecurity updates are provided to the Board of Directors through quarterly updates to the Audit Committee.The ODP Corporation maintains a comprehensive,global training and cybersecurity awareness program designed to equip our workforce with relevant information on cybersecurity topics and Co

40、mpany policies.This program fosters a security-conscious workforce by empowering our associates to incorporate security considerations into their everyday duties and make well-informed computing decisions.Multifactor authentication protocols Antivirus/anti-malware software Security operations center

41、 Internal/external penetration testsSECURITY PROGRAM INCLUDES Periodic risk assessments Phishing simulations Bug bounty program FirewallsThe ODP Corporation has a comprehensive approach to cybersecurity and risk mitigation.1200INTROGOVERNANCEPlanet PEOPLE PROSPERITYSASB INDEX INTRO GOVERNANCE PLANET

42、 PEOPLE PROSPERITY SASB INDEX46.2%REDUCTIONin absolute GHG emissions from a 2019 base year.Energy and EmissionsIn 2023,we earned validation from SBTi of our science-based targets,to reduce greenhouse gas emissions.Earning validation is a significant milestone and a testament to the growth and progre

43、ss of The ODP Corporations sustainability journey.Monitoring our emissions against science-based targets helps us make informed decisions around reduction activities,in alignment to limiting global temperature rise to 1.5 degrees Celsius.3 USD Value AddedSCOPE 1&2SCOPE 355%REDUCTION PER UNIT3in GHG

44、emissions from downstream transportation and use of sold products.75%OF SUPPLIERSby spend,will have science-based emissions targets by 2027.2030 near-term targetsWe are incredibly proud to have our science-based targets validated,as it underscores our commitment to make meaningful changes in our env

45、ironmental impact.With the reductions weve achieved so far in Scope 1 and 2,we are on track to achieve our commitments.SHANNON HUNTER VICE PRESIDENT,SUSTAINABILITY AND SUPPLIER DIVERSITY,VEYER,LLC14INTRO GOVERNANCE PLANET PEOPLE PROSPERITY SASB INDEXNear-Term Target Progress46.2%ABSOLUTE REDUCTION b

46、y 2030 from a 2019 base year 55%REDUCTION per USD4 by 2030 from a 2019 base year REDUCTION TO DATE PROGRESS TO DATE SCIENCE-BASED TARGETGHG 4 Value added from downstream transportation and distribution and use of sold products36%IN SCOPE 1&2 EMISSIONS since 201978 8%ACHIEVED towards goal2 1 1%IN SCO

47、PE 3 EMISSIONS since 2019ABSOLUTE REDUCTION has been achieved but no progress on intensity reduction target to date.47%OF SUPPLIERS have set or committed to set targets75%OF SUPPLIERS by spend will have science-based emissions targets by 2027supplier engagementPROGRESS GOAL Continuous improvement in

48、 supplier engagement and data granularity will drive significant progress towards achieving our intensity reduction goal.The United Nations Sustainable Development Goals(SDGs)address the challenges we face globally,such as inequality,environmental degradation,and educational access.The ODP Corporati

49、on has chosen to focus on the areas where we can have the most impact.ASSOCIATED SDGS 03 Good Health and Well-being07 Affordable and Clean Energy11 11 Sustainable Cities and Communities1 13 Climate Action15INTRO GOVERNANCE PLANET PEOPLE PROSPERITY SASB INDEXGHG Emissions(MT CO2e)5 Energy Use Total5,

50、450,8 821 1 21 1%1 1,202,944GJ TOTAL ENERGY CONSUMED2023SCOPE 1 SCOPE 36SCOPE 2SCOPE 1&2REDUCTION FROM 201994,342LOCATION BASED6 1 138,544LOCATION BASED 38 8%LOCATION BASED 39%MARKET BASED 32%21 1%ABSOLUTE REDUCTION36%95,926MARKET BASED 1 140,1 128MARKET BASED44,2025,31 10,692 99%GRID ELECTRICITY 1

51、1%FROM RENEWABLE SOURCES5 GHG calculations were made for calendar year 2022,not fiscal year.6 Location-based emissions reflect the average emissions intensity of the grids in which energy consumption occurs,while market-based emissions take renewable electricity procurement into account.16INTRO GOVE

52、RNANCE PLANET PEOPLE PROSPERITY SASB INDEXGoing Solar One of the ways we plan to achieve our goals is through our latest milestone in sustainability:a solar roof on one of our largest distribution centers.This exciting development will significantly reduce our GHG emissions at this facility by tappi

53、ng into renewable solar energy,and marks a major stride towards achieving our environmental goals.I am thrilled about the installation of our first solar roof and eagerly anticipating the positive impact this transformative project will have on our organization and the environment.OSCAR SOLIS GENERA

54、L MANAGER,SUPPLY CHAIN OPERATIONS,VEYER,LLC17INTRO GOVERNANCE PLANET PEOPLE PROSPERITY SASB INDEXAccelerating with Zero100 In 2022,CEO Gerry Smith was appointed to the Zero100 Advisory Board,a hand-picked coalition of the worlds most influential CEOs,chief supply chain officers,and chief operations

55、officers working to unlock the value of AI and digital technology for consumers,shareholders,and the planet.ODP also joined Zero100 as a member.Zero100 is a research and insights company convening leaders to power growth,resilience,and sustainability through digital supply chain transformation.Throu

56、gh access to data-driven content and insights,expert and personalized advice,unique events,and fresh perspectives from thought leaders across industries,ODP is accelerating our path to lower GHG emissions.“We are delighted to have companies who share the same values as we do such as The ODP Corporat

57、ion as part of the Zero100 Community,”said Olly Sloboda,co-founder and CEO,Zero100.“Through cross-functional and cross-industry collaboration,we can accelerate the adoption of AI and digital technologies to ultimately deliver zero percent carbon,100%digital supply chains.”18INTRO GOVERNANCE PLANET P

58、EOPLE PROSPERITY SASB INDEXWaste ManagementProviding and promoting initiatives and processes that divert waste from landfills plays a large part in reducing our environmental impact.Our continued focus on waste prevention activities has resulted in another high landfill diversion rate in 2023.As par

59、t of these efforts,we also empower associates to practice responsible waste management through company recycling events.56.6 MILLION LBS.OF WASTE diverted from landfills67%WASTE DIVERSION RATE across the company 92%WASTE DIVERSION RATE across all distribution centers 7“Zero waste”focuses on waste pr

60、evention through the conservation of resources through responsible production,consumption,reuse,and recovery.2023202330%OF DISTRIBUTION CENTERS achieve zero waste72025 GOALASSOCIATED SDG 1 12 Responsible Consumption and Production19INTRO GOVERNANCE PLANET PEOPLE PROSPERITY SASB INDEXVEYER Tech Recyc

61、ling DriveRecycling electronics promotes the reuse of valuable materials and the proper disposal of potentially toxic materials.This year,VEYER held a Tech Recycling Drive for associates to recycle their old or broken electronics.SustainABILITY ARG Recycling EventThe SustainABILITY ARG celebrated Am

62、erica Recycles Day by partnering with Fayetteville Elementary School in Fayetteville,Georgia and their local Office Depot store.The event offered educational information to students and parents on the benefits of recycling,and parents were able to place acceptable items in the Tech Recycling Boxes d

63、onated by the SustainABILITY ARG,which will be processed and recycled in partnership with local Office Depot stores.20INTRO GOVERNANCE PLANET PEOPLE PROSPERITY SASB INDEXProducts&PackagingWe are committed to making a positive impact on the environment,and one of the ways we are achieving this is thr

64、ough our transition to reducing plastic in our Private Brand packaging and e-commerce shipping.We have also added the How2Recycle Label to our Private Brand products to assist our customers in their sustainability efforts by providing clear recycling instructions,promoting responsible disposal pract

65、ices,and ultimately contributing to the reduction of waste.How2Recycle Label 48 8%PROGRESSWithin our Private Brand assortment,we conducted evaluations on 50%of the SKUs.Out of these evaluations,we were able to successfully add the H2R label to 48%of the SKUs.2025 GOAL 1 100%IMPLEMENTATIONof How2Recy

66、cle label in Private Brand Products8(where space allows)Plastic Reduction20%REDUCTION in Private Brand packaging and e-commerce shipping7.1 1%REDUCTION in 20234.8 8%REDUCTION in 2023 REDUCTIONPRIVATE LABEL PACKAGINGE-COMMERCE SHIPPING OPERATIONS 6.7%PLASTIC REDUCED since 20229ACHIEVED towards goalPR

67、OGRESS TO DATE2027 GOAL34%8 Stocked SKUs,actively replenishedASSOCIATED SDGS 06 Clean Water and Sanitation 11 11 Sustainable Cities and Communities 1 12 Responsible Consumption and Production 1 13 Climate Action 1 14 Life Below Water 1 15 Life on Land9For private label,we will divide the total amoun

68、t of plastic packaging(in metric tons)by the total units received from suppliers.For e-commerce shipping,we will divide the total amount of plastic dunnage and envelopes(in metric tons)used by the total packages shipped.21INTRO GOVERNANCE PLANET PEOPLE PROSPERITY SASB INDEXPlastic pollution has beco

69、me a pressing environmental issue.Plastic waste is infiltrating our oceans,harming marine life and polluting our lands.As we recognize this urgency of this crisis,plastic reduction becomes a critical initiative.By eliminating plastic from our packaging,we are contributing to reducing the overall dem

70、and for plastic production and helping to combat the global plastic crisis.MARJOLIJN ELBERT SR.MANAGER,CREATIVE ASSETS,MERCHANDISING,VEYER,LLC22INTRO GOVERNANCE PLANET PEOPLE PROSPERITY SASB INDEXCustomer SolutionsWe take pride in our ability to provide customers with solutions that help them meet t

71、heir sustainability goals.From our extensive Greener Purchasing Program to our GreenerOfficeTM Delivery Service and robust recycling solutions,customers are equipped with environmentally conscious options for purchasing,transporting,and responsibly disposing of products.01 1 GreenerOffice Products a

72、nd Delivery Service 02 EPEAT03 Recognizing Sustainability Champions04 Customer Recycling ODP Business Solutions was recognized for being a leader in environmental sustainability and social impact.Selected based on a variety of criteria,the recognition is a testament to our commitment to providing so

73、lutions for customers to reduce their environmental impact.Sustainable Impact Partner of the YearRECOGNIZED BY HP23INTRO GOVERNANCE PLANET PEOPLE PROSPERITY SASB INDEXGreenerOffice Products and Delivery Service In the spirit of inspiring others to make sustainable choices,our GreenerOfficeTM program

74、 continues to provide our customers with products and solutions that reduce their environmental footprint.The GreenerOfficeTM Web Store includes an extensive array of products that have green attributes and ecolabels,simplifying the process for customers to make informed and more sustainable decisio

75、ns.ODP Business Solutions customers can also participate in the GreenerOfficeTM Delivery Service to minimize the amount of packaging waste of their purchases.Orders are shipped in paper bags instead of cardboard boxesreducing the number of boxes used for deliveries and the need for air pillows.This

76、program is another step in reducing the amount of unnecessary packaging materials in our operations and providing customers with opportunities for sustainable choices.28 8%OF TOTAL SALES were from products with an ecolabel 11$2.2B IN REVENUE from products third-party certified to environmental and/o

77、r social sustainability standards 38 8%OF TOTAL SALES were greener products10 10Products with at least one meaningful greener attribute or ecolabel.11Products that have been certified by an impartial third party based on environmental leadership criteria.24INTRO GOVERNANCE PLANET PEOPLE PROSPERITY S

78、ASB INDEXEPEATThis year,we collaborated with the Global Electronics Council(GEC)to provide customers with access to their EPEAT Benefits Calculator.EPEAT,a Type 1 ecolabel,sets high social and environmental criteria for technology throughout the product life cycle.Their Benefits Calculator helps org

79、anizations demonstrate the impact of their sustainable procurement decisions and communicate to internal and external stakeholders using familiar metrics like reduction in energy use,greenhouse gases,and water consumption,as well as cost savings.This partnership provides our customers with key data

80、on their purchases and enables more comprehensive sustainability reporting.ENOUGH TO POWER46,1 152 2 U.S.HOUSEHOLDS FOR A YEAR EQUIVALENT TO REMOVING79k+AVERAGE US CARS OFF THE ROAD In 2023,we have helped our customers collectively save:ENOUGH WATER TO FILL9.3 OLYMPIC-SIZED SWIMMING POOLS EQUIVALENT

81、 TO SOLID WASTE FROM 1,1,6 1 14U.S.HOUSEHOLDSWEIGHT EQUIVALENT TO 1 1,649BRICKS IN TOXIC SUBSTANCES560M+KWH IN ENERGY370M+KG CO2E IN GHG EMISSIONS25INTRO GOVERNANCE PLANET PEOPLE PROSPERITY SASB INDEX900K+LBS.OF E-WASTE collected from customers for recycling23 CUSTOMERS RECOGNIZED for their commitme

82、nt to purchasing greener productsRecognizing Sustainability Champions To promote the use of EPEAT,we introduced the EPEAT Leadership in Greener Purchasing award,recognizing the customer with the highest spend on EPEAT-registered products.As part of the Greener Purchasing Program,we continue to celeb

83、rate ODP Business Solutions customers who go above and beyond to demonstrate their commitment to purchasing greener products.This year we awarded 23 customers this special recognition.Customer Recycling ODP Business Solutions and Office Depot continue to offer customers e-waste recycling services an

84、d ink and toner cartridge recycling solutions to correctly dispose of these materials once they reach their end of life.7.8 8M+INK AND TONER CARTRIDGES collected from customers for recycling26INTRO GOVERNANCE PLANET PEOPLE PROSPERITY SASB INDEXEnvironmental ActivitiesThe ODP Corporation participates

85、 in several Environmental activities throughout the year that reinforce our commitment to protecting the environment.This year,some of those included:Seed to Start workshops and Dig InsA collaboration with the Green Corn Project that educates Central Texans in growing organic food gardens.Internatio

86、nal Coastal Clean Up DayAssociates united to clean our coastlines,making a significant impact on marine life and the environment by gathering and disposing of trash.Ecological Restoration of Atlantic Dunes Park&South Beach Park(FL)A collaboration with the Institute for Regional Conservation where as

87、sociates helped to restore the two local ecosystems and preserve biodiversity.27INTRO GOVERNANCE PLANET PEOPLE PROSPERITY SASB INDEXEarth Month Ecochallenge The ODP Corporation participated in the Earth Month Ecochallenge for a third consecutive year,which focused on the collective impacts of our in

88、dividual action in reducing our environmental impact,raising awareness,and educating associates on behavioral changes we can all make.This year,133 associates saved 11,555 pounds of CO2,earning The ODP Corporation fourth place out of 337 participating organizations.Impact numbers reported by ecochal

89、lenge.org.1 109,91 17 MINUTES SPENT OUTDOORS 2,637MILES TRAVELED BY CARPOOL 1 133 ASSOCIATES PARTICIPATED 11 11,555LBS.OF CO2 SAVED 95,563 MINUTES NOT SPENT IN FRONT OF A SCREEN 39,556 MINUTES SPENT LEARNING 28INTRO GOVERNANCE PLANET PEOPLE PROSPERITY SASB INDEXSea Dunes Restoration For the past fiv

90、e years,The ODP Corporation has partnered with the City of Boca Raton and the YEA(Youth Environmental Alliance)to help restore and protect our Southern Florida coastline.Since 2018,we have planted 34,898 sea oat plants and other native species to help stabilize the coastline from erosion and storms,

91、and enhance native biodiversity.30 VOLUNTEERSparticipated34,8 898 8 SEA OATS AND OTHER NATIVE SPECIES planted along the Florida coastlineSINCE 2018202329INTROGOVERNANCEPLANET People PROSPERITYSASB INDEX Culture&EngagementThe ODP Corporation seeks to create an environment that values inclusivity,equi

92、ty,and individuality.We supplement our initiatives and strategic objectives by gaining knowledge and insight on how best to create an equitable workforce environment.Surveying for Insights We continually seek feedback from our associates and foster open communication through various channels,such as

93、 engagement surveys,regular roundtables,quarterly check-ins,one-on-one discussions,and staff meetings.We leverage this feedback to drive our transformation efforts by improving today,adapting for tomorrow,and evolving for the future by assessing the effectiveness of our action plans.31INTRO GOVERNAN

94、CE PLANET PEOPLE PROSPERITY SASB INDEXAt no point do these aspirations and initiatives impact individual employment decisions,nor may they be considered as a positive or negative factor in the employment decision.Nor are these aspirations and initiatives a mandate;their purpose is to ensure equal em

95、ployment opportunity for all applicants and employees.We will always comply with applicable law in employment decisions and train our decision-makers to do the same.FEEDBACK IS A GIFT Giving associates access to multiple platforms and forums to provide feedback helps establish benchmarks for best pr

96、actices.IT IS A SAFE SPACE Fostering a psychologically safe and inclusive environment to celebrate,understand,and address the needs of all associates.THE POWER OF EDUCATIONLeveraging our vast knowledge base to drive an effective and engaged workforce.REPRESENTATION MATTERS Expanded and consistent ou

97、treach and recruitment efforts to attract a diverse applicant pool and build a comprehensive understanding of our workforce to develop an inclusive and engaged associate culture.Driving Workforce Effectiveness Workforce effectiveness is supported throughout the organization through collaboration wit

98、h key stakeholders and helps drive associate engagement and external benchmarks.It enables and guides us in refining process,updating systems,and optimizing communication.32INTRO GOVERNANCE PLANET PEOPLE PROSPERITY SASB INDEXWorkforce Diversity&InclusionAt The ODP Corporation,we embrace diversity an

99、d inclusion within our team.Our dedication to fostering an inclusive and supportive workplace is embedded in our 5C culture,and we firmly believe that an equitable and inclusive company culture is not only essential for business success,but also crucial for the growth and well-being of our people.We

100、 remain committed to creating a work environment that cherishes and honors the unique backgrounds,experiences,and perspectives that each of our associates brings to our company.2023 U.S.workforce data provided here is based on our employees voluntary self-disclosure of gender and race/ethnicity.The

101、information does not include data from our Federation companies,which continue to operate as separate entities.At no point are individual employment decisions(hiring,promotions,assignment planning,retention)made on the basis of race,gender,ethnicity,nor any immutable characteristic,nor may they be c

102、onsidered as a positive or negative factor in the employment decision.We will always comply with applicable law in employment decisions and train our decision-makers to do the same.MANAGEMENTASSOCIATES36.1 19%FEMALE63.74%MALE 0.07%NON-BINARY 63.30%WHITE 1 16.00%HISPANIC/LATINX 1 10.41 1%AFRICAN AMER

103、ICAN5.08 8%ASIAN2.8 83%TWO OR MORE RACES0.26%AMERICAN INDIAN OR ALASKA NATIVE0.26%NATIVE HAWAIIAN OR PACIFIC ISLANDER 1 1.8 86%NOT DISCLOSED43.47%FEMALE55.34%MALE 1 1.1 19%NON-BINARY 45.33%WHITE22.8 85%HISPANIC/LATINX 1 18 8.1 17%AFRICAN AMERICAN6.8 80%ASIAN3.55%TWO OR MORE RACES0.58 8%AMERICAN INDI

104、AN OR ALASKA NATIVE0.70%NATIVE HAWAIIAN OR PACIFIC ISLANDER2.02%NOT DISCLOSED33INTRO GOVERNANCE PLANET PEOPLE PROSPERITY SASB INDEXAssociate Resource Groups Our ARGs continued to raise awareness,educate,and engage our workplace on important issues.To enhance member involvement and learning experienc

105、es,we facilitated professional development workshops that encouraged collaboration across ARGs,fostering a greater sense of belonging and deeper engagement.34INTRO GOVERNANCE PLANET PEOPLE PROSPERITY SASB INDEXACCOLADES FROM LATINA STYLE MAGAZINE2023 AwardsAmericas Top Corporations for WBEsWomens Bu

106、siness Enterprise National Council(WBENC)Women of Color ARG 2023 Community Cares Award RecipientPACE Center for GirlsBest of the Decade 100 for Outstanding Supplier Diversity ProgramsWE USA(Womens Enterprise)Magazine Doing Well While Doing Good Humanitarian AwardFlorida State Minority Supplier Devel

107、opment CouncilAnthony Scaglione Named Turnaround Achievement CFO Award HonoreeSouth Florida Business Journal Jorge Rivera received the Buyer of the Year AwardDamian Flores nominated for the Buyer of the Year AwardCarmen Deale nominated for the Advocate of the Year Award Florida State Minority Suppli

108、er Development Council 1 12th YEAR IN A ROWLeader in LGBTQ+Workplace InclusionHuman Rights Campaign FoundationEQUALITY 100 AWARDZULEMA LEDESMA DIRECTOR OF SUSTAINABILITY,VEYER,LLCSOMOS ARGTop 16 Corporate LATINA Style Executives of the YearTop 15 Hispanic Employee Resource Groups HONORABLE MENTION T

109、op 50 Best Companies for Latinas to Work FOR IN THE U.S.35INTRO GOVERNANCE PLANET PEOPLE PROSPERITY SASB INDEXLearning&DevelopmentBy providing tools and resources for learning and development,our associates are empowered to cultivate growth in areas of interest to themboth personally and professiona

110、lly.Were continuing to refine our current training programs,ensuring they evolve in response to associate requests and shifts in technology,market,and industry standards.Aspire Learning PlatformOur associates are able to utilize Aspire to access content through books,videos,audio books,job-specific

111、and required training,assigned courses,“live”seminars,and custom programs like career path and management training.The platform is continuously updated to provide the most up-to-date information.1 100,000+HOURS SPENT learning 1 175k+COURSES,VIDEOS,PODCASTS,AND ARTICLES AVAILABLE 36INTRO GOVERNANCE P

112、LANET PEOPLE PROSPERITY SASB INDEXGreenerOffice Certification To support promotion and use of our GreenerOffice products and services,ODP Business Solutions launched a GreenerOffice Certification program.Associates who complete the program receive a badge,recognizing their knowledge and commitment i

113、n assisting customers in meeting their sustainability goals.ESG Training In 2023,we developed and launched a training on relevant ESG metrics for Office Depot retail associates.Understanding ESG concepts helps associates appreciate the positive impact our company can make,building support and alignm

114、ent toward sustainability goals and commitments.1 12,000+ASSOCIATEScompleted ESG training55 CHAMPIONS CERTIFIED in one month 1 100%ACCOUNT MANAGERScertified2024 GOAL37INTRO GOVERNANCE PLANET PEOPLE PROSPERITY SASB INDEXCommunity InvestmentWe take pride in our enduring commitment to being an outstand

115、ing corporate citizen,as we strive to amplify our impacts in three key areas.Doing Well While Doing Good This year,The ODP Corporation received the Doing Well While Doing Good Humanitarian Award from the Florida State Minority Supplier Development Council.This award celebrates our contributions and

116、commitments to the community by focusing on empowering education,championing minority entrepreneurship,and strengthening communities.We are proud of our associates across all four business units whose dedicated efforts were key in earning this award.01 1 Empowering Education02 Championing Entreprene

117、urship03 Strengthening our Communities THREE KEY AREAS38INTRO GOVERNANCE PLANET PEOPLE PROSPERITY SASB INDEXEmpowering Education Were passionate about providing students and teachers with the resources they need for a successful learning experience.$1 1.7 MILLION$1 1.8 8 MILLION$2.1 1 MILLION$5.6 MI

118、LLION2020202120222023Point-of-Sale Fundraising Thanks to the generosity of our customers and our partner,Round It Up America,Office Depot and OfficeMax stores have invested$11M+in support of teachers and students at Title 1 public schools since 2020.In 2023,the donation program expanded significantl

119、y,establishing a 1:1 relationship with our store locations.39INTRO GOVERNANCE PLANET PEOPLE PROSPERITY SASB INDEXChampioning EntrepreneurshipElevate Together Our Elevate Together program provides mentorship,technical assistance,access to new business networks and customers,and aid to Black-and Hispa

120、nic-owned small business owners.Providing these resources can make the world of difference for entrepreneurs and accelerates the creation,growth,and prosperity of minority-owned small businesses.Elevate Together UniversityWe continued to offer Elevate Together University,our free online platform tha

121、t offers virtual webinarsin both English and Spanishon topics such as digital marketing,finance,legal,and becoming a certified business.Selfmade Scholarships In 2023,we again partnered with Brit+Co.on Selfmadean interactive virtual community and membership program that enables women to start or grow

122、 their own business.The ODP Corporation sponsored scholarships throughout the year,focusing on women from underrepresented communities.1 1,8 800BUSINESS SCHOLARSHIPS GRANTED TO WOMENfrom underrepresented communities40INTRO GOVERNANCE PLANET PEOPLE PROSPERITY SASB INDEXStrengthening our Communities A

123、ssociates and family members of The ODP Corporation actively engage in volunteer activities within their local communities.They contribute their time,energy,and skills to make a positive impact and help address various needs and challenges.By volunteering,they extend the reach of the companys commit

124、ment to social responsibility beyond the workplace,fostering connections,creating meaningful change,and making a difference in the lives of others.7kVOLUNTEER HOURS 500+ASSOCIATE VOLUNTEERS 1 16 PROJECTS NATIONWIDE41INTRO GOVERNANCE PLANET PEOPLE PROSPERITY SASB INDEXINTROGOVERNANCEPLANET PEOPLE Pro

125、speritySASB INDEX INTRO GOVERNANCE PLANET PEOPLE PROSPERITY SASB INDEXBy the NumbersAs we elevate the importance of integrating sustainability principles into our operations,internal programs and initiatives,and community activities,we continue to create value for our people,our planet,our organizat

126、ion,and the communities around us.91 16 RETAIL LOCATIONS20.3M SQUARE FEETof retail locations 70 NET PROMOTER SCORE$7.8 83B TOTAL ANNUAL SALESIt is through a business model that fully embraces sustainability that we can shape products,services,and partnerships that balance sustainability while creati

127、ng value for our shareholders.62DISTRIBUTION CENTERS AND CROSS DOCKS9M+SQUARE FEETof distribution centers 43INTRO GOVERNANCE PLANET PEOPLE PROSPERITY SASB INDEXAIHarnessing TechnologyThe newly launched ODP Personal Assistant tool leverages Microsofts Azure and OpenAIs ChatGPT to optimize customer ex

128、periences and drive internal operations at The ODP Corporation.Operational Efficiency and Sustainability further underscore the effectiveness of the Personal Assistant.The tools widespread adoption highlights its versatility and significant contribution to operational efficiency.This efficiency also

129、 has a direct impact on sustainability,optimizing resource allocation and minimizing waste.Additionally,newly curated knowledge bases deliver specialized and accurate information that has accelerated decision-making and task completion,enhancing overall efficiency.AI BootcampThis year,we partnered w

130、ith the Mark Cuban Foundation to sponsor the AI Bootcamp Initiative,which hosts free introductory courses to underserved high school students on artificial intelligence(AI)to increase AI literacy and understanding.44INTRO GOVERNANCE PLANET PEOPLE PROSPERITY SASB INDEXSupplier DiversitySupporting and

131、 promoting diverse companies fosters equal opportunities,resonates with customers desires,and contributes to the economic success of communities and the larger economy.For our customers,supplier diversity allows us to identify and deliver innovative,high-quality products and services,offering the ad

132、vantage of choice,collaboration,and innovation.29%INCREASE INdiverse spend8 83%INCREASE INTier II spend500+DIVERSE AND SMALL BUSINESSESDiverse Supplier Catalog Every year we curate a Diverse Supplier Catalog to aid businesses and organizations in achieving their supplier diversity goals while also e

133、levating the visibility of small and diverse businesses.1 1,8 800+PRODUCTS from diverse suppliers45INTRO GOVERNANCE PLANET PEOPLE PROSPERITY SASB INDEXSupplier Development Sponsorships Supplier Development is a vital component of our Supplier Diversity program.As part of this commitment,The ODP Corp

134、oration is helping lower financial barriers by allocating$50,000 to the Diverse Supplier Grant Initiative,sponsored by JP Morgan Chase and program managed by Local Initiative Support Corporation(LISC).This collaboration aims to empower diverse small businesses by providing capital access and technic

135、al assistance,aiming to help them expand their operations,align with corporate supplier guidelines,and secure new contracts.This initiative is expected to foster long-term growth and success within our supplier community.WBENC Top Corporation for Women Business EnterpriseBest of the Decade2023$50KCO

136、NTRIBUTED BY THE ODP CORPORATIONAWARDED TO WOMEN ENTREPRENEURS WBENC Conference Sponsorship The ODP Corporation was honored to sponsor the Womens Business Enterprise National Council(WBENC)Conference and The WBENC Pitch Academy in 2023,deepening our partnership with this outstanding organization.The

137、 annual conference provides a platform for Womens Business Enterprises(WBE)to gain momentum,learn innovative best practices,discover industry trends,and celebrate accomplishments.The conference plays a vital role in fostering diverse supply chains and expanding business opportunities for women entre

138、preneurs.The WBENC Pitch is an event featuring a series of competitions and educational sessions to help WBEs hone their business pitch,gain meaningful exposure,and compete for grants and other prizes to invest in their business.46INTROGOVERNANCEPLANET PEOPLE PROSPERITYSASB Index SASB IndexThe Susta

139、inability Accounting Standards Board(SASB)connects businesses and investors to the financial impacts of sustainability.The ODP Corporation reports in accordance with the SASB Standard for Multiline and Specialty Retailers and Distributors.The ODP Corporation will continue to examine ways to adjust i

140、ts disclosures as these topics change over time.ENERGY MANAGEMENT IN RETAIL&DISTRIBUTIONACCOUNTING METRICUOMCODERESPONSE1.Total energy consumed2.Percentage grid electricity3.Percentage renewableGigajoules(GJ)Percentage(%)CG-MR-130a.1Energy&EmissionsLABOR PRACTICESACCOUNTING METRICUOMCODERESPONSE1.Vo

141、luntary and2.Involuntary turnover rate for in-store employeesRateCG-MR-310a.262.17%19.05%CATEGORY Quantitative Discussion&Analysis48INTRO GOVERNANCE PLANET PEOPLE PROSPERITY SASB INDEXCYBERSECURITYACCOUNTING METRICUOMCODERESPONSEDescription of approach to identifying and addressing digital security

142、risksn/aCG-MR-230a.1Cybersecurity1.Number of data breaches 2.Percentage involving personally identifiable information(PII)3.Number of customers affected Number,Percentage(%)CG-MR-230a.2In the event of an incident involving any suspected or confirmed breach of customer information,The ODP Corporation

143、 is committed to taking immediate action and initiating appropriate remedial measures to protect the confidentiality and integrity of the information.We maintain security incident response,disaster recovery,and business continuity plans.In the event of such a breach,The ODP Corporation requires docu

144、mentation of all responsive steps in accordance with its security incident response procedures.The ODP Corporation also requires a post-incident review of the events and any actions taken to change business practices for PII and confidential information.CATEGORY Quantitative Discussion&AnalysisACTIV

145、ITY METRICSACCOUNTING METRICUOMCODERESPONSENumber of1.Retail locations2.Distribution centersNumberCG-MR-000.AProsperityTotal areas of1.Retail locations 2.Distribution centersSquare meters(m2)CG-MR-000.BProsperityPRODUCT SOURCING,PACKAGING&MARKETINGACCOUNTING METRICUOMCODERESPONSERevenue from product

146、s third-party certified to environmental and/or social sustainability standardsReporting currencyCG-MR-410a.1Greener ProductsDiscussion of processes to assess and manage risks and/or hazards associated with chemicals in products n/aCG-MR-410a.2Commitment to Safer Chemicals ManagementDiscussion of st

147、rategies to reduce the environmental impact of packagingn/aCG-MR-410a.3Products&PackagingWORKFORCE DIVERSITY&INCLUSIONACCOUNTING METRICUOMCODERESPONSEPercentage of gender and racial/ethnic group representation for 1.Management 2.All other employees Percentage(%)CG-MR-330a.1Diversity&Inclusion49INTRO

148、 GOVERNANCE PLANET PEOPLE PROSPERITY SASB INDEXAbout This ReportThis report may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.These statements or disclosures may discuss goals,intentions and expectations as to our ESG and sustainability

149、 commitments,strategies and initiatives,our business plans and strategy,our products and our stakeholder engagement efforts,or state other information relating to,among other things,The ODP Corporation,based on current beliefs and assumptions made by,and information currently available to,management

150、.Forward-looking statements generally will be accompanied by words such as“anticipate,”“believe,”“plan,”“could,”“estimate,”“expect,”“forecast,”“guidance,”“expectations”,“outlook,”“intend,”“may,”“possible,”“potential,”“predict,”“project,”“propose”or other similar words,phrases or expressions,or other

151、 variations of such words.These forward-looking statements are subject to various risks and uncertainties,many of which are outside of our control.There can be no assurances that we will realize these expectations or that these beliefs will prove correct,and therefore stakeholders should not place u

152、ndue reliance on such statements and should carefully consider the risks and uncertainties described in our Annual Reports on Form 10-K,Quarterly Reports on Form 10-Q,and Current Reports on Form 8-K filed with the U.S.Securities and Exchange Commission.We do not assume any obligation to update or re

153、vise any forward-looking statements.Certain environmental metrics in this report include activities conducted by our Federation entities,which are over 20 regional office supply distribution businesses acquired by us as part of our transformation to expand our reach and distribution network into geo

154、graphic areas that were previously underserved,and which continue to operate under their own brand names.50INTRO GOVERNANCE PLANET PEOPLE PROSPERITY SASB INDEXOffice Depot and GreenerOffice are trademarks or registered trademarks of The Office Club,LLC.OfficeMax is a registered trademark of OMX,Inc.Varis is a registered trademark of Varis,Inc.VEYER is a registered trademark of Veyer,LLC.ODP and ODP Business Solutions are registered trademarks of ODP Business Solutions,LLC.All other trademarks are the property of their respective owners.2024 Office Depot,LLC.All Rights Reserved.Thank you