Loblaw Hits Carbon Emission and Food Waste Targets Well Ahead of Schedule

Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$432/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Loblaw Hits Carbon Emission and Food Waste Targets Well Ahead of Schedule

Canada NewsWire

Details revealed in the company's 14th annual Corporate Social Responsibility Report

For more media materials, please visit:

BRAMPTON, ON, May 18, 2021 /CNW/ - (TSX: L): Loblaw Companies Limited ("Loblaw"), has released its 14th annual Corporate Social Responsibility (CSR) report, the most comprehensive public disclosure of its kind for a Canadian food retailer. In addition to highlighting the company's efforts across its various environmental, social and governance (ESG) priorities, the report outlines important progress on issues that matter most to Loblaw stakeholders, customers, and colleagues.

In a statement to shareholders, Loblaw's Chairman and President, Galen G. Weston said the following:

"In spite of the many challenges of 2020, we made great progress on the items that matter most to our colleagues, customers and shareholders: We dramatically accelerated our reduction of food waste and carbon emissions; we helped formulate and introduce new global packaging standards to eliminate plastic waste; and we increased female representation in our executive ranks and succession pipelines, while expanding and improving our support for colleagues from diverse communities. 

All of these actions reflect our long-standing belief that businesses have both an opportunity and responsibility to have a positive effect in the communities they serve. A belief which has led Loblaw to consistently be at the forefront of tackling important issues. We are proud of our track record in CSR.

As a growing number of organizations and investors are seeing this imperative more clearly than ever before, new standards have emerged for how we report against them. That is why, in our latest report, we demonstrate clearer accountability by employing ESG reporting standards, in line with the Global Reporting Initiative, Sustainable Accounting Standards Board, and UN Sustainable Development Goals.

As we make headway in these areas, as well as in advancing our strategy and maintaining momentum in our core business, we are pleased with our progress and motivated by what is next."

Among the highlights in Loblaw's latest CSR report, various company achievements stand out:

  • The 2030 goal of reducing Loblaw's carbon emissions from operations by 30 per cent has been achieved. The company has increased the goal to 50 per cent by 2030.
  • The 2025 goal of reducing food waste 50 per cent has been achieved.
  • Loblaw purchased enough local produce from Canadian suppliers in 2020 to achieve its 2025 goal of re-patriating $150 million of goods that would otherwise be purchased internationally.
  • In 2020, Loblaw helped create and became a founding member of the Canada Plastics Pact, which is part of the Ellen MacArthur Foundation's global Plastics Pact network. As part of its efforts to reduce plastic waste, over the previous year Loblaw eliminated 1.8 million plastic hangers, all individual plastic straws and stir sticks from in-store takeout counters and all single-use plastic items for food sampling in corporate stores. Loblaw has committed that all PC® plastic packaging will be either reusable or recyclable by 2025.
  • In 2020, Loblaw corporate and franchised stores donated more than five million kilograms of food to local food banks and food rescue agencies across Canada, including its most successful national holiday food drive campaign since its 2009 launch, raising $2.6 million and collecting 1.1 million kilograms of food for those in need.

To learn more about the various initiatives, please see our factsheet. To download a copy of the CSR report, please click here.

Media requests regarding the report can be directed to [email protected]

About Loblaw Companies Limited (TSX: L)

Loblaw Companies Limited is Canada's food and pharmacy leader and the nation's largest retailer. Loblaw provides Canadians with grocery, pharmacy, health and beauty, apparel, general merchandise, financial services, and wireless mobile products and services. With more than 2,400 corporate, franchised and Associate-owned locations, Loblaw, its franchisees, and Associate-owners employ approximately 200,000 full- and part-time employees, making it one of Canada's largest private sector employers.

SOURCE Loblaw Companies Limited

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2021/18/c3173.html

Copyright CNW Group 2021

Comment On!

Upload limit is up to 1mb only
To post messages to your Socail Media account, you must first give authorization from the websites. Select the platform you wish to connect your account to CanadianInsider.com (via Easy Blurb).