Grocery Outlet Issues First ESG Report

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by KnowESG
KnowESG_Grocery Outlet Issues First ESG Report
Image courtesy of Grocery Outlet

Grocery Outlet Holding Corp., known for its exceptional growth as an extreme value retailer offering quality name-brand consumables and fresh products, has unveiled its inaugural Environmental, Social, and Governance (ESG) Report for 2022.

The core ethos at Grocery Outlet, encapsulated by their mission "Touching Lives for the Better," has been the driving force behind their business since its inception. It has led to significant positive impacts, not just in terms of business growth but also in the realms of environmental and social change over the course of their remarkable 77-year history.

RJ Sheedy, who serves as the President, CEO, and a member of the Board of Directors at Grocery Outlet, expressed their pride in the accomplishments and eagerness to showcase ESG strategy through this inaugural report.

The company's first ESG Report serves as a testament to Grocery Outlet's unwavering commitment to "Touching Lives for the Better," with a particular focus on the positive influence it has exerted on its communities, its people, and the planet. The report accentuates seven key impact areas that define their commitment:

  • Saving Customers Money: Grocery Outlet's unique discounts and bargains translate into significant savings for customers, with an estimated average of 40% lower costs compared to traditional grocers. This allows customers to allocate resources for other essential expenses.

  • Providing Affordable Quality Food: Grocery Outlet plays a pivotal role in enhancing food accessibility in their communities by making affordable, high-quality food from trusted name-brand suppliers readily available to customers.

  • Giving Back: The company collaborates with its Independent Operators to contribute to the welfare of its communities, offering support to local food banks, educational initiatives, and other programs that empower and uplift those in need.

  • Providing Opportunities to Independent Operators: Grocery Outlet creates unique opportunities for Independent Operators to become local business owners and successful entrepreneurs, fostering community-driven enterprises.

  • Providing Opportunities for Employees: By nurturing a values-driven culture and prioritising equity, diversity, and inclusion, Grocery Outlet creates an environment where its employees can grow and prosper, with opportunities for personal and professional development.

  • Reducing Food Waste: The company's opportunistic sourcing model effectively minimises food waste through collaboration with its suppliers and Independent Operators, contributing to a more sustainable and responsible approach to the food industry.

  • Improving Operational Efficiency: Grocery Outlet continually strives to enhance its operational efficiency, resulting in a reduced environmental footprint, particularly in terms of energy consumption, food waste reduction, and carbon emissions.

For a comprehensive understanding of Grocery Outlet's ESG initiatives, the 2022 Report can be accessed and downloaded at www.groceryoutlet.com/esg.

For more investor-related news

To view and compare company ESG Ratings and Sustainability Reports, visit our Company ESG Profiles page.

Source: Grocery Outlet

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