Qurate Retail Group Announces Global Contribution Summary 2023
Sustainable Development and Empowerment Drive
By July 12, 2024 – Qurate Retail Group has taken meaningful steps towards sustainability, empowerment, and accountable product sourcing in an effort to speed up the growth of its businesses as well as improve the lives of its employees, customers, communities where it operates and business partners including suppliers across the globe.
Boosting Empowerment and Belonging
The Qurate Retail Group 2023 Global Contribution Summary overview presents their work through cause marketing campaigns and giving initiatives that delivered social impact at a local level. It shows how they engaged customers, vendors and team members in building a better future for all.
Notable contributions made in 2023 include:
In total, Qurate Retail Group raised over $33.8 million for more than 1,423 charitable organizations worldwide last year. Among them are:
Hours worked by employee volunteers:
Over 17K hours with paid volunteer days increasing by 125% impacting 462 charities.
Team member giving:
More than $1.2 million through “Together for Good,” with donations matched up to 200%.
Product & In-Kind Donations:
$24.7+ million worth donated products or other items given away free of charge around the world by QVC International Limited alone; this figure does not include Cornerstone Brands Inc.’s related activities such as supporting disaster relief programs locally in Cincinnati where it is headquartered or globally through World Vision International which received some distributions from these supplies.
Women’s Economic Empowerment & Entrepreneurship:
Over $9.6 million were invested into women’s economic development projects last year alone bringing total investments since 2020 to more than $41 million; this also represents an increase over previous years’ figures due largely because funds were channeled towards innovative schemes that targeted women who are hardest hit by poverty while at same time promoting their participation in decision-making processes related thereto which enhances their self-esteem and overall well-being thereby contributing towards achievement of sustainable development goals.
Cause Marketing:
$4.3+ million were spent on cause marketing activities including but not limited to QVC U.S.’s Living for Giving campaign where customers can make donations during live broadcasts or online shopping events like HSN’s support of St. Jude Children’s Research Hospital through its annual “Dreamathon” program among others.
Qurate Retail Group Contributions Summary 2023 and Highlights for 2022
During 2022 alone, Qurate Retail Group raised more than $32.9 million for over 1,022 charitable organizations worldwide with the following results:
Employee volunteer hours worked:
Over 7095 hours were recorded representing an increase of 125% compared to the previous year. These additional days impacted multiple charities in different parts of the world. Especially those where there was no previous presence or involvement by volunteers from this company. Hence it was necessary to create new relationships between them based on mutual understanding and respect towards achieving common objectives. Which further strengthened their global solidarity among people living under diverse socio-economic conditions around our planet earth.
Team member giving:
Over $916K given as part of together for good program which matches donations made by employees up to two hundred percent
Product & In-Kind Donations:
They donate more than $18.7 million worth of goods worldwide through local organizations. Which are working with disaster affected communities in seventeen different countries. These distributions were also done internationally via world vision international network partner organization Cornerstone Brands Inc.
Women’s Economic Empowerment & Entrepreneurship:
Over $9.1 million invested into women-led businesses last year alone. Which brings total investments since 2020 to more than $30.3 million. This represents a significant leap forward compared to earlier years. Because it was realized that many projects failed due to lack of adequate financial support coupled with other factors. Such as limited access to credit facilities among women entrepreneurs. Who were also faced with gender-based discrimination in various spheres. These including markets where their products compete against those produced by men only resulting into low sales volumes. Thus, impacting negatively on overall economic empowerment efforts targeted at this group which requires urgent redress through provision of funding sources specifically tailored towards addressing these challenges.
Cause Marketing:
$9.1+ million spent on cause marketing activities including but not limited to QVC U.S.’s Living for Giving campaign benefiting Feeding America, HSN and Cornerstone’s support of St. Jude Children’s Research Hospital through its annual “Dreamathon” program among others.
Statements from Leadership
Director Global Corporate Responsibility Suzanne Quigley said, “Qurate Retail Group has made a commitment to embed inclusion, sustainability and social responsibility into everything we do through our Global Impact team. In 2022 alone, we raised over $32.9+ million and $33.8+ million in 2023, surpassing our pledge of $100M between 2020-2025 with over $148 million contributed towards causes worldwide. We would like to thank all our staff members for their hard work along with customers who have given generously – together they helped us achieve this milestone.”
To learn more about the Qurate Retail Group 2023 Global Contribution Summary and their Corporate Responsibility initiatives, visit Qurate Retail Group’s website.
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