Albertsons Releases 2023 ESG Report; Vivek Sankaran and Suzanne Long Comment
BOISE, ID - As retailers lean into reducing their carbon footprint, an action plan is essential. This more often than not means a top-to-bottom overhaul of operations, an undertaking that is not to be taken lightly. For Albertsons, the plans have been set in motion as the company releases its 2023 Environmental, Social, and Governance (ESG) Report.
“Our latest report further solidifies our long-standing commitment to support the thousands of communities we serve and the planet we share,” said Vivek Sankaran, Chief Executive Officer. “In 2022, we made meaningful progress against our commitments, further aligning what we do with who we are as a company. We will continue to challenge ourselves to lead positive change as we build upon this momentum to create better lives, vibrant neighborhoods, and a healthier planet.”
Back in 2022, Albertsons first introduced its Recipe for Change framework, in which strategies were laid out to maximize the company’s positive impact. According to a press release, these include the four pillars of Planet, People, Product, and Community.
Recipe for Change is Albertsons’ commitment to reducing carbon emissions, cultivating a diverse and inclusive workforce, eliminating food waste going to landfills, reducing unnecessary plastics and packaging, and addressing food insecurity.
“The progress we saw in 2022 would not have been possible without the passion and dedication of our associates. Because of them, we made meaningful changes that improve business performance while reducing our emissions, building belonging with our team members, lessening food waste going to landfill, and addressing food insecurity,” said Suzanne Long, Chief Sustainability and Transformation Officer. “In the year ahead, we plan to expand our engagement for Recipe for Change, including partnering with our vendors to drive industry change and increasing customer involvement in achieving our goals. By bringing others along on our journey, we can make change a reality.”
Highlights from the 2023 ESG Report for fiscal year 2022 include:
- Completed more than 85 refrigeration projects across its operations in 2022 to transition stores to lower global warming potential refrigerants
- Launched a company-wide inclusion index, which enables associates to share their individual perspectives and help foster a culture where everyone is treated with courtesy, dignity, and respect
- Leveraged innovative artificial intelligence technology across nearly all Albertsons Cos. stores to accurately order and produce the correct amount and assortment of products for customers and reduce unsold food
To learn more about Albertsons’ strategy, click here.
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