"Loblaw is led by our purpose – helping Canadians live life well – and the responsibility to deliver a positive impact on the communities we serve," said
The 2021 Loblaw ESG Report outlines progress against many company priorities, including:
- Raising and donating a record
$96M to research, charities and not for profits acrossCanada . through the generosity of our customers, colleagues, employees and partners. - Continued progress on reducing our corporate carbon footprint by 35% from a 2016 baseline.
- Transitioning away from phenol receipt paper.
- Meeting initial representation goals for women in management roles.
- Reaching
$1M invested in plastics research and community clean ups several years ahead of target.
It also highlights several new commitments and actions, including:
- Achieving net-zero emissions by 2040 for Scope 1 and 2, and net-zero emissions by 2050 for Scope 3. This follows the company achieving its initial corporate carbon footprint reduction target, years ahead of schedule.
- Reducing plastic waste by making all control-brand and in-store plastic packaging recyclable or reusable by 2025.
- Sending zero food waste to landfill by 2030, and over the next 24 months achieve measurable food waste reductions in every one of its stores.
- Releasing a climate risk assessment guided by the
Task Force on Climate-Related Financial Disclosures (TCFD). - Achieving representation goals for the company's management, executives and Board of Directors by the end of 2024.
- Deploying an inclusion training program to the company's workforce of approximately 200,000 people by the end of 2024.
- Helping feed one million children annually by 2025 through support for
Presidents Choice Children's Charity . - Supporting the efforts of LOVE YOU by Shoppers Drug Mart® to help women stay healthy and safe through improved access to care by contributing
$50 million over the next five years. - Linking ESG performance activities to the company's short-term incentive program, beginning in 2022.
For more information and to view the 2021 ESG Report, please visit https://www.loblaw.ca/en/responsibility
Loblaw's purpose is to help Canadians live life well. It makes good food affordable, health, beauty and wellness accessible, saving for the future possible, and essential style achievable.
SOURCE
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