Advertisement
Canada markets open in 3 hours 10 minutes

  • S&P/TSX

    21,708.44
    +52.39 (+0.24%)
     

  • S&P 500

    5,011.12
    -11.09 (-0.22%)
     

  • DOW

    37,775.38
    +22.07 (+0.06%)
     

  • CAD/USD

    0.7262
    -0.0002 (-0.03%)
     

  • CRUDE OIL

    82.48
    -0.25 (-0.30%)
     

  • Bitcoin CAD

    89,287.79
    +4,446.35 (+5.24%)
     

  • CMC Crypto 200

    1,336.58
    +23.96 (+1.86%)
     

  • GOLD FUTURES

    2,395.00
    -3.00 (-0.13%)
     

  • RUSSELL 2000

    1,942.96
    -4.99 (-0.26%)
     

  • 10-Yr Bond

    4.6470
    0.0000 (0.00%)
     

  • NASDAQ futures

    17,458.25
    -89.00 (-0.51%)
     

  • VOLATILITY

    19.23
    +1.23 (+6.82%)
     

  • FTSE

    7,830.45
    -46.60 (-0.59%)
     

  • NIKKEI 225

    37,068.35
    -1,011.35 (-2.66%)
     

  • CAD/EUR

    0.6815
    -0.0006 (-0.09%)
     

Loblaw ESG Report reveals 8% reduction in greenhouse gas (GHG) emissions, among many other achievements designed to fight climate change and advance social equity

CNW Group
·3 min read

BRAMPTON, ON, May 3, 2023 /CNW/ - Today, Loblaw Companies Limited (TSX: L) ("Loblaw") released its 2022 Environmental, Social and Governance (ESG) report. The company's 16th annual report highlighting progress against its many ESG initiatives, including its two priority areas: fighting climate change and advancing social equity.

"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 WellTM," said Galen G. Weston, President and Chairman, Loblaw Companies Limited. "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."

The 2022 Loblaw ESG Report outlines the company's progress against its many priorities, including the following:

  • Achieving net-zero by 2040 (scope 1 and 2 for its enterprise operating footprint – including franchise and associate-owned operations) and 2050 (scope 3 emissions)

  • Tackling plastic waste

  • Eliminating food waste sent to landfill by 2030

  • Be Canada's most diverse and inclusive employer

  • Support for communities and the health and wellbeing of children and women

ADVERTISEMENT

For more information and to view the 2022 ESG Report, please visit https://www.loblaw.ca/en/responsibility/.

About Loblaw Companies Limited

Loblaw Companies Limited is Canada's food and pharmacy leader, as well as its largest retailer and private sector employer. With approximately two billion transactions each year in its unmatched network of 2,500 stores and national e-commerce options, Loblaw brings food, pharmacy, beauty, apparel and financial services to customers through many of Canada's favourite and most-trusted brands: President's Choice, No Name, Loblaws, Shoppers Drug Mart, No Frills, Real Canadian Superstore, T&T, Joe Fresh, PC Express and PC Financial. The company's loyalty program, PC Optimum, has more than 18 million members and is one of Canada's largest, and most loved reward programs.

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 Loblaw Companies Limited

Cision
Cision

View original content: http://www.newswire.ca/en/releases/archive/May2023/03/c9826.html