Staples
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OVERALL |
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Owned |
USA |
Rating |
N/A |
Office supplies
Acquired by US private equity firm Sycamore Partners for US$6.9 billion in 2017.
Company Ownership
Staples Inc | USA | website | ||||
Sycamore Partners
owns 100% of Staples Inc |
USA | website | ||||
Private equity firm Founded in 2011 by Stefan Kaluzny and Peter Morrow. Notable investments include Victoria's Secret, Talbots, Nine West and Staples. |
Company Assessment
PRAISE | CRITICISM | INFORMATION | ||
Staples Inc | ||||
In 2023, the Carbon Disclosure Project (CDP) asked companies to provide data about their efforts to reduce greenhouse gas emissions and mitigate climate change risk. Responding companies are scored across four key areas: disclosure; awareness; management; and leadership. This company received a CDP Climate Change score of B.
Source: CDP (2023)
This company is listed as having best practice on a report card on lesbian, gay, bisexual and transgender equality in corporate America.
Source: Human Rights Campaign (2021) |
Forest 500 identifies the 350 companies and 150 financial institutions with the greatest exposure to tropical deforestation risk, and annually assesses them on the strength and implementation of their deforestation and human rights commitments. This company received a score of 17.8%.
Source: Forest 500 (2023)
A group of unions in the US are calling for a boycott of this company for cutting a deal with the US Postal Service to offer postal services at Staples stores. A no-bid deal between Staples and the Postal Service set up postal counters inside 82 of the office-supply stores in four test markets – staffed with untrained, low-wage Staples employees. Days after the 1.6 million member American Federation of Teachers said it would join the boycott, Staples and the USPS announced the pilot program would be discontinued. The 82 Staples outlets offering postal services will shift to the more established Post Office Approved Shipper program already available in thousands of retail outlets across the country. The union intends to keep up the pressure until Staples gets out of the mail business altogether.
Source: Human Rights Campaign (2014) |
Identified in 'The Big Chill: Too Scared to Speak' report which identified Chinese Olympic Sponsors response to Darfur crisis in Sudan. Received Fs for a poor response or none at all.
Source: Dream for Dafur (2008)
As You Sow's 2016 report, 'The 100 Most Overpaid CEOs', reveals the 100 most overpaid CEOs from USA's 500 largest public companies (as determined by the S&P 500 list). This company's CEO, Ronald Sargent came in at number 89 on the list, having been paid US$12,391,536 in 2015. According to the report, "Most CEOs have come to be grossly overpaid, and that overpayment is harmful to the companies, the shareholders, the customers, the other employees, the economy, and society as a whole."
Source: As You Sow (2016)
This company received a score of 28.4/100 in the Newsweek Green Ranking 2017, which ranks the world's largest publicly traded companies on eight indicators covering energy, greenhouse gases, water, waste, fines and penalties, linking executive pay to sustainability targets, board-level committee oversight of environmental issues and third-party audits. Ranking methodology by Corporate Knights and HIP Investor.
Source: Newsweek (2017)
B- for report card on paper practices of the office supply sector, (A best, F worst), covering chain of custody endangered forests plantations & controversial sources, responsible forestry & FSC-certification, recycling & reduction, and other leadership. [Listed under information due to age of report]
Source: ForestEthics (2009)
As listed on the We Mean Business website, this company has committed to the following climate action initiatives: adopt a science-based emissions reduction target.
Source: We Mean Business (2021)
This company is a member of the Supplier Ethical Data Exchange (Sedex), a not-for-profit, membership organisation that leads work with buyers and suppliers to deliver improvements in responsible and ethical business practices in global supply chains. Tens of thousands of companies use Sedex to manage their performance around labour rights, health & safety, the environment and business ethics.
Source: Sedex (2018)
This company is a member of the Green Chemistry and Commerce Council (GC3), a business-to-business forum that advances the application of green chemistry and design for environment across supply chains. It provides an open forum for cross-sectoral collaboration to share information and experiences about the challenges to and opportunities for safer chemicals and products.
Source: GC3 (2019)
California, the UK and Australia have all enacted legislation requiring companies operating within their borders to disclose their efforts to eradicate modern slavery from their operations and supply chains. Follow the link to see this company's disclosure statement.
Source: company website (2016)
In 2021 the Mind the Store campaign ranked 50 of the largest retailers in North America on their efforts to eliminate toxic chemicals from consumer products. This company received a grade of C-.
Source: Mind the Store (2021) |
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Sycamore Partners | ||||
Since 2012 this company has acquired a number of American retailers including Nine West and Staples, which has resulted in the loss of over 19,000 jobs. Follow the link to read more about how Wall Street executives exploit gaps in laws and regulations, and lucrative loopholes, to amass huge profits at the expense of working people and local communities. These massive profits pay for luxurious lifestyles for fund managers and their families, while workers and their families and communities face real hardship.
Source: United 4 Respect (2019) |
Sycamore Partners has been involved in more than a dozen retail industry buyouts since it was founded in 2011. While the firm has reaped hundreds of millions of dollars in profits from its investments, its methods have often been controversial, in some cases saddling retailers with massive debt that eventually played a role in their bankruptcies. When a private equity firm drives a company into bankruptcy, the loss for the private equity firm is limited; it is the company and its workers who pay the price. Follow the link for more details.
Source: Footwear News (2020) |
Company Details
Type | Private company |
Contact Details
Address | USA |
Website | staples.com |