BRAMPTON, ON, March 23, 2022 /CNW/ - Today, Loblaw Companies
Limited ("Loblaw") announced its plan to achieve net-zero
greenhouse gas (GHG) emissions by 2040 as part of a host of
environmental commitments. As a multi-generational, family company,
with the country's largest network of corporate and independent
grocery and drug stores, Loblaw is uniquely positioned to make an
impact on the issues that matter most to Canadians. This
perspective has been fundamental to Loblaw's approach to
environmental, social and governance (ESG) priorities, rooted in
the company's purpose: Helping Canadians live life well.
"Having met major milestones reducing our carbon footprint and
waste, we are now squarely focused on the next challenge —
net-zero," said Galen G. Weston,
President and Chairman, Loblaw Companies Limited. "It will see us
deploy electric trucks, efficient heating and cooling, alternative
energy, and innovative methods ahead. The need for action is as
clear as our ambition, and it reflects the long-term vision our
company has held across generations."
In 2016, Loblaw committed to a 30-per-cent reduction in
corporate carbon emissions by 2030. The company met that target in
2020, due to its advancements in energy management, equipment
conversions, and addressing refrigerant leaks. Informed by the
Science Based Target Initiative and aligned to the Paris Agreement
— limiting global temperature rise to 1.5 degrees Celsius — the
company will extend this momentum into its franchised networks and
distribution centres, and ultimately to its supplier network. This
will create a long-term roadmap: Achieving net-zero GHG emissions
for Loblaw's operational footprint (Scope 1 and 2) by 2040, and
achieving net-zero for Scope 3, including those generated by
suppliers, by 2050.
The company will also take action on climate change through
strategic initiatives, including the following:
- Eliminating food waste sent to landfill by 2030
- Tackling plastic waste by ensuring all plastic packaging for
control brands, like President's Choice, are reusable or recyclable
by 2025, and advancing industry initiatives like the Consumer Goods
Forum's global Golden Design Rules
- Moving to a zero-emission truck fleet by 2030
Loblaw has a long-standing track record on corporate social
responsibility. It is committed to fighting climate change and the
effects of GHG emissions, plastic waste and food waste; and it has
detailed commitments to improved leadership representation, an
inclusion training program for its workforce of 200,000 Canadians,
and nation-leading commitments to childhood hunger and women's
health.
For more information, 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