Monro, Inc. Publishes Third Annual Environmental, Social, and Governance (ESG) Report
June 20 2023 - 7:30AM
Business Wire
Publication features focus on teammate
initiatives and energy efficiency
Monro, Inc. (Nasdaq: MNRO), a leading provider of automotive
undercar repair and tire services, has released its third annual
report dedicated to how environmental, social, and governance (ESG)
factors are integrated into its corporate decision making and
strategy. The publication, “2023 ESG Report,” covers efforts for
fiscal year 2023.
The document highlights the actions Monro is taking every day to
create an inclusive and thriving culture for its teammates, deliver
world class service for its guests, positively impact the
communities where it operates, and make sustainable decisions for
the environment.
“We are proud of our accomplishments over the past year and
optimistic for the years ahead as we continue to build lifetime
relationships with our guests,” said Mike Broderick, Monro’s
president and chief executive officer. “Incorporating meaningful
ESG practices into our strategy and operations is fundamental to
creating sustainable value for our stakeholders.”
The report addresses Monro’s recent progress and notable
highlights:
- Enhanced its teammates’ experience by digitizing workflow
processes, introducing a new, formalized safety program, and
increasing new hire training.
- Significantly reduced the number of Monro-owned cars and
delivery vehicles on the road as the company’s distribution
strategy shifted to better meet guest needs.
- Began participation in community solar projects, where
offered.
- Took initial steps in the execution of its community engagement
strategy that promotes an overarching company approach, while
embracing the unique needs of the diverse communities it
serves.
- Made corporate governance enhancements including refreshment on
the Board of Directors with four new independent directors added
since 2017.
Monro’s “2023 ESG Report” includes a mapping to certain metrics
of the Sustainability Accounting Standards Board’s (SASB) Multiline
& Specialty Retailers and Auto Parts industries.
The publication is available on Monro’s corporate website at
www.corporate.monro.com/esg.
About Monro, Inc.
Monro, Inc. (NASDAQ: MNRO) is one of the nation’s leading
automotive service and tire providers, delivering best-in-class
auto care to communities across the country, from oil changes,
tires, and parts installation to the most complex vehicle repairs.
With a growing market share and a focus on sustainable growth, the
company generated approximately $1.3 billion in sales in fiscal
2023, and it continues to expand its national presence through
strategic acquisitions and the opening of newly constructed stores.
Across approximately 1,300 stores and 9,000 service bays
nationwide, Monro brings customers the professionalism and
high-quality service they expect from a national retailer, with the
convenience and trust of a neighborhood garage. Monro’s highly
trained teammates and certified technicians bring together hands-on
experience and state-of-the-art technology to diagnose and address
automotive needs every day to get customers back on the road
safely. For more information, please visit corporate.monro.com.
MNRO-Corp
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