Kroger Releases Environmental, Social, and Governance Report, Targets Sustainability and Bolstering Suppliers
CINCINNATI, OH - As one of the largest grocers in the United States, Kroger has big shoes to fill when it comes to leading the future of retail. This future entails concepts that have dominated the industry for some time, including sustainability and investing in minority-owned businesses. Recently releasing its environmental, social, and governance (ESG) report, Kroger is doubling down on issues it hopes to bolster.
"Our annual ESG report underpins Kroger's vision to serve America through food inspiration and uplift," said Rodney McMullen, Chairman and CEO. "We are committed to continuing to integrate ESG metrics into our business strategy, driving shared value for our associates, customers, communities, and company. We're pleased to share Kroger's latest performance on key topics, including our 2020 sustainability goals and Zero Hunger | Zero Waste metrics. We also look to what lies ahead, and we're proud to announce the first of several new priorities and commitments that will help affirm Kroger's sustainability leadership through the next decade and beyond."
By 2030, the report noted, Kroger hopes to achieve 100 percent recyclable, compostable, or resuable packaging.
The company also announced a $3.4 billion investment in minority- and women-owned businesses in 2019—a 30 precent increase in two years.
"As the largest grocery retailer in America, Kroger is committed to being a force for good in the communities we serve," said Keith Dailey, Group Vice President of Corporate Affairs and Chief Sustainability Officer. "Our Purpose—to Feed the Human Spirit—continues to guide how we operate our business, care for our communities, and deliver value to all our stakeholders. We're proud of our progress in 2019 and remain committed to our vision of a future with Zero Hunger | Zero Waste."
For full details of the report, click here.
How will Kroger continue to lead the industry? AndNowUKnow will keep you posted.