Qurate Retail Group Releases 2023 Global Contribution Summary

Rhea-AI Summary

Qurate Retail Group released its 2023 Global Contribution Summary, highlighting significant advancements in sustainability, empowerment, and responsible product curation. The company generated over $33.8 million for more than 1,423 charities worldwide in 2023. Key highlights include:

- 17,000+ team member volunteer hours, impacting 462 charities
- $1.2+ million in team member donations with a 200% company match
- $24.7+ million in product and in-kind donations across 17 countries
- $9.6+ million towards women's empowerment & entrepreneurship
- $4.3+ million for cause marketing initiatives

Since 2020, Qurate Retail Group has contributed over $148 million to causes, surpassing their $100 million commitment for 2020-2025. The company continues to focus on embedding inclusion, sustainability, and social responsibility into all aspects of its business.

Positive

• Generated over $33.8 million for more than 1,423 charities worldwide in 2023
• 125% increase in usage of paid volunteer days between 2022-2023
• Contributed $9.6+ million towards women's empowerment & entrepreneurship in 2023
• Surpassed $100 million commitment for charitable contributions between 2020-2025, reaching $148 million

Negative

• None.

NORTHAMPTON, MA / ACCESSWIRE / July 19, 2024 / Qurate Retail Group

At Qurate Retail Group^SM, we continue to make significant advancements towards our critical role in protecting the environment, championing empowerment and belonging, and curating product responsibly. We do this by inspiring a more sustainable way to retail through actions that accelerate business growth and positively impact employees, customers, communities, business partners, and the planet.

One of the myriad ways we inspire a more sustainable way to retail is through our championing empowerment & belonging pillar. This includes a strategic imperative around delivering measurable and differentiated social and community impact through focused cause marketing and giving programs which embrace our responsibility to our stakeholders and society at large. As a result, our 2023 Global Contribution Summary Report highlights the many impactful ways we collectively made a difference last year through the continued commitment of our customers, vendors, and team members to building a brighter future through their contributions to meaningful causes which support our communities.

In 2023, we generated over $33.8 million for more than 1,423 charities worldwide. This includes:

• 17,000+ team member volunteer hours where we saw a 125% increased usage of paid volunteer days between 2022-2023, impacting 462 charities.

• Over $1.2 million in team member giving through our global giving program, Together for Good, which provides a 200% match on team member donations.

• $24.7+ million product & other in-kind donations through local and global organizations to impacted communities in 17 countries, including distribution through global partner World Vision.

• $9.6+ million towards women's empowerment & entrepreneurship resulting in $41+ million total contributions towards such causes since 2020, bringing us closer to our 2025 target of $50 million.

• $4.3+ million for cause marketing such as QVC^® U.S.'s Living for Giving benefiting Feeding America, HSN^® and Cornerstone's support of St. Jude, Cornerstone's One Warm Coat partnership, QVC Japan's Pink Ribbon Month and more.

"Qurate Retail Group's Global Impact team seeks to embed inclusion, sustainability, and social responsibility into all aspects of our business. Through our dedicated focus on community and social impact, we're proud of the $33.8+ million we raised in 2023 to continue our tradition of giving back," said Suzanne Quigley, Director Global Corporate Responsibility, Qurate Retail Group. "With the addition of our total giving this past year, we've been able to contribute over $148 million to causes since 2020, surpassing our commitment to reach $100M between 2020-2025. We're grateful to our team members, customers, and vendor community who have given generously to reach this milestone."

To learn more about Qurate Retail Group's Corporate Responsibility initiatives and summary reports, visit:  www.qurateretailgroup.com/lp/corporate-responsibility.

Qurate Retail Group team member's participating in a Together For Good volunteer event.

View additional multimedia and more ESG storytelling from Qurate Retail Group on 3blmedia.com.

Contact Info:
Spokesperson: Qurate Retail Group
Website: https://www.3blmedia.com/profiles/qurate-retail-group
Email: info@3blmedia.com

SOURCE: Qurate Retail Group

View the original press release on accesswire.com

FAQ

How much did Qurate Retail Group (QRTEA) raise for charities in 2023?

Qurate Retail Group generated over $33.8 million for more than 1,423 charities worldwide in 2023.

What was the increase in paid volunteer days usage for Qurate Retail Group (QRTEA) from 2022 to 2023?

Qurate Retail Group saw a 125% increase in the usage of paid volunteer days between 2022 and 2023.

How much has Qurate Retail Group (QRTEA) contributed to women's empowerment and entrepreneurship since 2020?

Qurate Retail Group has contributed over $41 million towards women's empowerment and entrepreneurship causes since 2020.

What is Qurate Retail Group's (QRTEA) 2025 target for contributions to women's empowerment and entrepreneurship?

Qurate Retail Group's 2025 target for contributions to women's empowerment and entrepreneurship is $50 million.