Loblaw Companies Limited Releases 2023 ESG Report Highlighting Major Achievements
Loblaw Companies Limited (TSX:L, “Loblaw”) unveiled its 2023 Environmental, Social, and Governance (ESG) report today, detailing significant milestones and progress driven by the company’s mission to help Canadians Live Life Well® through combating climate change and promoting social equity.
“Our leadership in ESG is grounded in our purpose to help Canadians Live Life Well®, focusing on advancing social equity and fighting climate change. This 17th ESG report reflects our achievements in 2023,” said Sandra Kessler, Vice President of ESG Integration & Reporting.
Key 2023 Achievements:
- Addressing Food Waste and Insecurity: Diverted over 78,000 metric tonnes of food from landfills and donated nearly 47 million pounds of food to charities through the Feed More Families™ program.
- Fighting Climate Change: Reduced carbon emissions by 11% from a 2020 baseline and invested nearly $44 million in 490 carbon reduction initiatives.
- Promoting a Cleaner Environment: Converted almost two-thirds of control brand plastic packaging to be 100% recyclable or reusable by 2025.
- Nurturing Future Generations: Fed over 990,000 children through the President’s Choice Children’s Charity.
- Improving Access to Care: Operated 70 pharmacy care clinics, filled 169.2 million prescriptions, administered 2.1 million flu shots, and donated 14 million period products.
- Supporting Health Equity for Women: The Shoppers Foundation for Women’s Health contributed over $11 million to 370 women’s health organizations.
- Making Meaningful Contributions: Raised and donated a record $180 million to various research initiatives, charities, and non-profits across Canada.
- Representation: Increased women in executive roles to 46% and management roles to 39%, and raised representation of visible minorities in management to 32% and in executive roles to 28%.
- Ensuring Diversity and Inclusion: Trained over 166,000 colleagues on DEI topics, with over 3 million training courses completed.
Partner Quotes:
- Lori Nikkel, CEO, Second Harvest: “Loblaw’s ongoing support prevents greenhouse gases and feeds millions, ensuring a brighter, healthier future for Canadians and our planet.”
- Kirstin Beardsley, CEO, Food Banks Canada: “Loblaw’s contributions provided over 19 million meals, supporting northern communities and vulnerable families.”
- Megan Leslie, President and CEO, World Wildlife Fund Canada: “Loblaw’s efforts are crucial in regenerating Canada’s wildlife and combating climate change.”
The 2023 ESG report underscores Loblaw’s dedication to creating positive change for its business and the communities it serves, making significant strides in environmental sustainability, social equity, and governance practices.
