Increasingly, as shoppers decide where they want to spend their dollars, sustainability and environmental responsibility have a major stake in their choice. Keeping that in mind, the Kroger Company has released its 2021 Environmental, Social, and Governance (ESG) report, sharing its new long-term ESG strategy to benefit both people and the planet while creating a strong food system for the future.
"As a grocery retailer, Kroger is committed to advancing positive impacts for people and our planet and to creating more resilient global systems," said Rodney McMullen, Chairman and Chief Executive Officer. "Even throughout a difficult year, our team continued to make progress on our goals while still playing a key role in providing fresh food and essential goods to our communities. Through our Zero Hunger | Zero Waste social and environmental impact plan—the centerpiece of our ESG strategy—we continue to break down barriers to food access and capture the full value of food produced across the U.S. food system especially for those struggling with hunger amid an ongoing public health crisis."
This year's ESG report for Kroger includes the retailer's new strategy, which encompasses topics and long-term goals across three pillars: people (social), planet (environmental), and systems (governance). According to a press release, Kroger aspires to further integrate ESG performance into lines of business and develop a shared-value framework that creates economic opportunity for the company's stakeholders.
"Our strategic approach to ESG priorities is rooted in creating business value and uplifting our associates, customers, and communities," said Keith Dailey, Group Vice President of Corporate Affairs and Chief Sustainability Officer. "We are acutely focused on how we will further advance our purpose to feed the human spirit as a leading retailer, employer, and community partner."
Some of Kroger's achievements in ESG for 2020 include:
"Reflecting on the past year, and despite the challenges of COVID-19, we are pleased to have made significant progress on our 2020 sustainability goals, and in some instances, exceeded our objectives," continued Dailey. “We are now focused on what lies ahead and progressing our ESG work through the next decade."
Looking toward the future of the company and its growth, some of Kroger's ESG goals going forward as part of its new strategy, Thriving Together, are:
To read Kroger's ESG report in its entirety, including more highlights and future goals, click here.
With this new strategy in motion, how will Kroger continue to evolve its position in the retail sector? Stick with Deli Market News for answers.