Loblaw releases 2022 ESG report
Loblaw Companies Ltd. has released its 16th annual Environmental, Social and Governance (ESG) report.
The 2022 report outlines the company’s progress against its priorities, including achieving net-zero by 2040 (for its enterprise operating footprint) and 2050 (emissions); tackling plastic waste; eliminating food waste sent to landfill by 2030; becoming Canada’s most diverse and inclusive employer; and support communities and the health and wellbeing of children and women.
Among other highlights, Loblaw reduced its greenhouse gas emissions 8% relative to its 2020 baseline and completed 250 carbon reduction projects. It also initiated the phased elimination of plastic shopping bags.
Loblaw increased representation of women in executive roles to 39%, and is on track to achieve its 2024 goal of 40% representation. It also achieved its 2024 goal of having visible minorities represent 28% of executive roles.
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The grocer raised and donated more than $110 million to support research, charities, and non-profits across Canada in 2022.
"We have a unique opportunity, and responsibility, to positively impact the communities we serve. This view is central to our purpose – helping Canadians Live Life Well," said Galen G. Weston, president and chairman, Loblaw Companies Limited, in a statement. "We have a decades-long track record of leadership and action in protecting the environment, in enhancing the social diversity that defines Canada, and in delivering reliable and ethical corporate governance practices. This Report proudly provides clarity on our commitments, our progress, and our plans to push ahead."
