Environmental, Social, and Governance (ESG) Policy
About USTurtle Beach Corporation (“We,” “Our,” “Company,” or “Turtle Beach”) is one of the world’s leading gaming accessory providers. Our headquarters are located in White Plains, New York, and we operate locations across the globe. Shares of Turtle Beach are traded on the Nasdaq Exchange under the symbol: HEAR.
Our ApproachESG matters have long been a vital part of the culture at Turtle Beach. We believe that doing the right thing for the planet and society is important to the long-term success of our business. This means assessing our environmental and social impacts, establishing an appropriate governance structure, and mitigating our negative impacts when possible. Our ESG policy is a living document that will be reviewed periodically.
Our ObjectivesBased on an analysis of Turtle Beach’s business, we have adopted specific ESG goals and initiatives to improve our ESG performance, meet our customers’ expectations, and share relevant ESG information with our stakeholders. Specifically, we:
- Develop innovative new products with lower environmental impacts while updating existing products to reduce environmental impacts
- Integrate relevant ESG goals and initiatives into our operations
- Identify potential ESG risks and opportunities
- Promote transparency with customers, employees, and other stakeholders by sharing our ESG goals, initiatives, and progress
EnvironmentalWe seek to operate in an environmentally sustainable manner. Accordingly, we are engaged in efforts to use more sustainable materials in the packaging of certain products, and we have re-engineered our product packaging over time to reduce the overall size, which allows for more efficient shipping; and we are working to lessen the environmental impacts associated with products that we sell to our customers by improving the environmental sustainability features of our products, all while maintaining the industry-leading quality that has always set us apart. Through these actions, it is our intention to lessen our Company’s environmental impacts.
SocialWe are committed to providing a safe and healthy workplace for our employees, supporting our local communities through philanthropy and charity work, and working with our suppliers to implement our Manufacturer Code of Conduct. We believe it is important for our manufacturing partners to share similar values, and so our Manufacturer Code of Conduct requires our manufacturing partners to adhere to established industry frameworks and global standards to ensure that our manufacturing partners are acting in a way that supports the ESG goals that are important to our business.
In addition, we are committed to supporting the mental health and wellness of our employees through programs such as weekly yoga classes, wellness benefits through our employer-sponsored medical plans and healthy workplace snacks.
We are also committed to promoting diversity in the workplace as we believe that diversity in perspectives, experiences and backgrounds leads to better decision-making and improved creativity, productivity, team member engagement, and employee happiness. We track diversity metrics through our recruiting process; include diversity statements in all job postings, on our website, and on social media channels; and work with diversity-focused job websites in an effort to increase the diversity of our candidate pool.
GovernanceThe Nominating and Governance Committee of our Board of Directors has oversight over our ESG practices, goals and their implementation. We established an ESG Committee that meets regularly to identify ESG risks and opportunities, establish and measure progress against ESG goals, and implement ESG initiatives. The ESG Committee is comprised of managers and leaders from across the Company and reports directly to Juergen Stark, Turtle Beach’s Chairman and CEO.