MONTREAL, Nov. 16,
2022 /CNW Telbec/ - MTY Food Group Inc. ("MTY",
"MTY Group" or the "Company") (TSX: MTY), a franchisor and operator
of multiple restaurant concepts worldwide, announced today the
release of its initial Sustainability Report.
The report, based on the Sustainability Accounting Standards
Board (SASB) and Global Reporting Initiative's (GRI) reporting
standards, summarizes the progress MTY made in fiscal 2021 and
outlines commitments for future years. It covers material topics
related to the Company including people and culture; governance;
cybersecurity and data protection; food security and supply-chain
management; food safety and product quality; and environmental
impact.
A cross-functional team spanning all divisions was established
to report on achievements and establish consistent objectives
across all business units. A second Sustainability Report,
encompassing 2022 initiatives, is already being planned for 2023
with subsequent reports published annually thereafter.
A sampling of metrics for upcoming years include:
- Publish, or make accessible, nutritional information,
ingredient lists and the allergen cards of core menu items for the
top 50 brands by 2023, and for all brands by 2024
- Replace hard-to-recycle plastics with alternative packaging,
such as renewable or recyclable products, for use in MTY's Canadian
operations by the end of 2023
- Evaluate current diversity, equity and inclusion (DEI)
practices and efforts, identify and explore opportunities for
improvement, and engage with a third-party firm to set a DEI
strategy by 2023
"We are proud to present our first Sustainability Report
centered on the pillars of food, planet and people that are
fundamental to MTY," stated Eric
Lefebvre, Chief Executive Officer. "While we have made key
strides in the past year, we acknowledge there is still a lot of
work to be done. Setting measurable goals and reviewing priorities
as our environment evolves will help us along our journey of
continuous improvement over the upcoming years."
To view MTY's Sustainability Report, please visit
https://sustainability.mtygroup.com/
Forward Looking
Information
Certain information in this press release may constitute
"forward-looking" information that involves known and unknown
risks, uncertainties, future expectations and other factors, which
may cause the actual results, performance or achievements of the
Company or industry to be materially different from any future
results, performance or achievements expressed or implied by such
forward-looking information. This includes statements regarding the
impacts that the novel COVID-19 pandemic may have on the Company's
future operations as found in this release. When used in this press
release, this information may include words such as "anticipate",
"estimate", "may", "will", "expect", "believe", "plan" and other
terminology. This information reflects current expectations
regarding future events and operating performance and speaks only
as of the date of this press release. Except as required by law,
the Company assumes no obligation to update or revise
forward-looking information to reflect new events or circumstances.
Additional information is available in the Company's MD&A,
which can be found on SEDAR at www.sedar.com.
About MTY Food Group
MTY Group franchises and operates quick-service and casual
dining restaurants under approximately 90 different banners in
Canada, the United States and internationally. Based
in Montreal, MTY is a family whose
heart beats to the rhythm of its brands, the very soul of its
multi-branded strategy. For over 40 years, it has been increasing
its presence by delivering new concepts in quick-service
restaurants and making acquisitions and strategic alliances that
have allowed it to reach new heights year after year. By combining
new trends with operational know-how, the brands forming the MTY
Group now touch the lives of millions of people every year. With
nearly 7,000 locations in operation, the many flavours of the MTY
Group have the key to responding to the different tastes and needs
of consumers today and tomorrow.
visit our website: www.mtygroup.com or SEDAR's website at
www.sedar.com under the Company's name.
SOURCE MTY Food Group Inc.