Market Overview

HBC Releases 2017 Corporate Social Responsibility Report


Today, HBC published its 2017 Corporate Social Responsibility (CSR)
Report, highlighting the Company's commitment to sustainable practices
that are ethical and good for both people and the planet. The report
outlines the Company's global sustainability and social responsibility
efforts in four focus areas: Investing in Communities where HBC
Operates, Contributing to a Sustainable Environment, Sourcing Ethically,
and Engaging Associates.

"While the retail industry continues to evolve, one thing that remains
constant is HBC's commitment to good corporate citizenship," said Helena
Foulkes, Chief Executive Officer, HBC. "I am proud of our associates and
the work they do for the betterment of the planet and the communities in
which we operate around the world, whether through our industry-leading
waste diversion programs or supporting one another through times of
hardship. HBC will continue to embrace programs and initiatives that
foster a values-driven culture of social responsibility."

Highlights of the 2017 report:

  • HBC launched a Foundation in the U.S., and announced a philanthropic
    focus on mental health for both the Canadian and U.S. Foundations and
    a $6 million (CAD) commitment to mental health initiatives across
    North America by the end of 2020
  • Saks Fifth Avenue raised more than $700,000 (USD) through the annual
    Key to the Cure campaign, bringing the total to more than $40 million
    over the campaign's 40-year history
  • Hudson's Bay raised $1 million (CAD) to help complete the Great Trail
    in celebration of Canada's 150th birthday
  • More than 1,100 HBC merchants completed social compliance training in
  • HBC associates deepened their knowledge in a variety of areas with
    more than 206,000 hours of training
  • HBC's logistics network continued to set new records with three
    locations achieving zero lost-time injuries in 2017
  • Waste diversion continued to be a key operational focus, with a 68%
    waste diversion rate
  • In Europe, HBC reduced the number of plastic shopping bags at Galeria
    Kaufhof by 80% since the introduction of a fee in May 2016

In line with HBC's sustainability guidelines, the Hudson's Bay Company
2017 Corporate Social Responsibility Report is available online only at

About Hudson's Bay Company

HBC is a diversified global retailer focused on driving the performance
of high quality stores and their omni-channel platforms and unlocking
the value of real estate holdings. Founded in 1670, HBC is the oldest
company in North America. HBC's portfolio today includes formats ranging
from luxury to premium department stores to off price fashion shopping
destinations, with more than 480 stores and approximately 65,000
employees around the world.

HBC's leading banners across North America and Europe include Hudson's
Bay, Lord & Taylor, Saks Fifth Avenue, Saks OFF 5TH, Galeria Kaufhof,
the leading department store group in Germany, and Belgium's only
department store group Galeria INNO.

HBC has significant investments in real estate joint ventures. It has
partnered with Simon Property Group Inc. in the HBS Global Properties
Joint Venture, which owns properties in the United States and Germany.
In Canada, it has partnered with RioCan Real Estate Investment Trust in
the RioCan-HBC Joint Venture.

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