Metro : 2022 Corporate Responsibility report

Corporate

Responsibility

Report

2022 Fiscal Year

METRO Corporate Responsibility Report - 2022 Fiscal Year |Table of Contents	2

Table of Contents

About METRO

Message from Our President and CEO

Message from Our Vice President, Public Affairs and Communications

Materiality

Engaging with Our Stakeholders

Our Approach

CR Governance

Our Business Fundamentals

3	Colleagues	28
5
Equity, Diversity and Inclusion	29

• Health and Well-being of Our Colleagues 31

7	Communities	32
8
9
Socioeconomic Contribution	33
10
11	Our Performance	35

Products and Services	12		Scorecard	36
			ESG Performance Data	41
Responsible Procurement	13
Health, Nutrition and Well-being	16
Packaging and Printed Materials	18

Environment	20
Climate Change	21
Waste and Food Loss and Waste	25

METRO Corporate Responsibility Report - 2022 Fiscal Year |About METRO	3

About METRO

METRO is a food and pharmacy leader in Québec and Ontario.

As a retailer, franchisor, distributor and manufacturer, we operate or service a network of some 975 food stores under several banners, including Metro, Metro Plus, Super C and Food Basics, as well as some 645 drugstores primarily under the Jean Coutu, Brunet, Metro Pharmacy and Food Basics Pharmacy banners.

Nearly	A network of over
$19 billion	1,600
in sales	stores

More than
95,000	Founded in
colleagues	1947

About this report

This corporate responsibility report covers the operations and activities of the entire corporation for the 2022 fiscal year ending on September 24, 2022. It is our first report since developing and publishing our third five-year Corporate Responsibility (CR) Plan for the period 2022-2026 for our food and pharmacy activities. In it, METRO refers to the Corporation and Metro refers to the store banner. For the first time, we have reported on select metrics from the Sustainability Accounting Standards Board (SASB) Food Retailers & Distributors and Drug Retailers standards. All financial figures are in Canadian dollars unless otherwise specified. This report was reviewed by internal auditors but was not audited externally.

Forward-looking information

Throughout this report, we have used statements that may constitute forward-looking information. In general, any statement in this report that does not constitute historical fact may be considered a forward-looking statement. The forward-looking statements that may be set out in this report refer to hypotheses on the Canadian food and pharmacy industries, targets, the economy in general and our 2022-2026 Corporate Responsibility Plan.

These forward-looking statements do not provide any guarantees as to the future performance of the Corporation and are subject to known and unknown risks and uncertainties that could cause the outcome to differ significantly. We believe these statements to be reasonable and relevant at the date of publication and to represent our expectations. METRO does not intend to update any forward-looking statements contained herein.

For more information:

Marie-Claude Bacon

Vice President, Public Affairs and Communications 11011 Maurice-Duplessis Blvd.

Montréal (Québec) H1C 1V6 [e-mail]

METRO Corporate Responsibility Report - 2022 Fiscal Year |About METRO	4

Food (975 food stores)
			Neighbourhood	Specialized
	Supermarkets	Discount stores	stores	stores
Québec	196	99	53	23
698	Metro	Super C	Marché Richelieu	Première Moisson
	Metro Plus		314	2
	11
		Marché Ami	Les 5 Saisons
	Adonis
Ontario	130	142		1
277	Metro	Food Basics		Première Moisson
	4
	Adonis
Total	341	241	367	26

Pharmacy (645 drugstores)

Québec	386	146
532	PJC Jean Coutu	Brunet
	PJC Santé	Brunet Plus
	PJC Santé Beauté	Brunet Clinique
		Clini Plus

Ontario	9		76
85	PJC Jean Coutu	Metro Pharmacy
	PJC Santé	Food Basics Pharmacy
New Brunswick	28
28	PJC Jean Coutu
	PJC Santé
	PJC Santé Beauté
Total	645

METRO Corporate Responsibility Report - 2022 Fiscal Year |Message from Our President and CEO	5

Message from Our President and CEO

Creating an inclusive and sustainable future is a shared responsibility and we are committed to taking an active role in this regard. Our business strategy aligns with environmental, social and governance (ESG) factors and addresses the issues that matter most to our customers, colleagues, communities and partners.

improve disclosure of potential climate risks and opportunities. We acknowledge that climate-related disclosure is important to map critical risks and build robust strategies to mitigate the future impacts on our operations and our supply chain.

This year, we began implementing our 2022-2026 Corporate Responsibility (CR) Plan. Our teams have worked diligently on our priorities, and we are on track. The accountability of the company's Board of Directors and Executive Committee to our plan demonstrates the strength of our commitment. In addition, a portion of

executive compensation is linked to these issues.

Strengthening our company culture

We are committed to building an equitable, diverse and inclusive (ED&I) company culture. A culture that

values and respects differences makes us stronger by increasing employee engagement and improving performance, helping

us to better serve our customers and communities. Our work this past year has helped operationalize ED&I into the business, with a robust plan in place. Starting at the top, we deployed training for all senior management that enables them to be better allies.

Committed to climate

We recognize the critical role that business plays in addressing climate change. This is why we have adopted a target to reduce our greenhouse gas (GHG) emissions to limit global warming by focusing our efforts on key sectors over which we have direct operational control.

In October 2022, METRO became a Task Force on Climate-related Financial Disclosures (TCFD) supporter, the first Canadian food and pharmacy retailer to do so. By making this public commitment, our goal is to work towards implementing TCFD recommendations and to

The complex challenges facing our society cannot be solved quickly or by one company or industry. But our efforts this past year demonstrate that our CR Plan offers a rigorous and committed approach that will enable us to better serve our stakeholders. We will focus on achieving our commitments, particularly regarding working conditions in our supply chain and requiring suppliers to respect our Code of Conduct for Responsible Procurement, as well as reducing our GHG emissions. I thank my colleagues for their commitment and hard work this past year.

Eric La Flèche

President and Chief Executive Officer