Asda makes strides in sustainability, price, and people in latest ESG report – Retail Insight Network

The retailer reported a 7% reduction in carbon emissions compared to 2022, bringing its total reduction to 15% since 2020.
Asda has released its 2023 Brighter Living Report, detailing progress across its environmental, social, and governance (ESG) initiatives.
The report highlights a continued focus on reducing carbon emissions, increasing packaging recyclability, and offering healthier food options.
The gold standard of business intelligence.
Find out more
Asda reported a 7% reduction in its carbon emissions (scopes 1-3) compared to 2022, bringing the retailer’s total reduction to 15% since 2020.
To further this progress, the company is now requiring its highest-impact suppliers to share sustainability data through the EcoVadis platform.
On the packaging front, Asda has increased the recyclability of its own-brand packaging to 96%, nearing its 2025 target of 100%.
Specific innovations include redesigned beef mince and steak trays, leading to reduced packaging and extended shelf life.
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
Additionally, recycled plastic content is being incorporated into packaging elements such as cheese lids.
Asda is also prioritising customer health via schemes such as the launch of the Health Menu, featuring more than 40 nutritionist-approved products.
The company has also revamped its ‘Live Better’ product labelling system and aims to improve the average health score of its food sales across branded and own-brand offerings.
Additionally, the report highlights Asda’s commitment to communities facing rising living costs.
Initiatives such as the ‘Kids Eat for £1’ ($1.28) café programme have served more than three million meals while fundraising efforts for charities, including Tickled Pink and BBC Children in Need, saw record contributions.
Asda also continues to support FareShare, a food waste reduction charity, with a new partnership announced alongside Olio.
Asda announced a record £150m investment in its retail wages for 2024, solidifying its position as the highest-paying traditional supermarket in the UK.
Additionally, the company became the first UK-based supermarket to partner with DFN Project SEARCH, a programme aiding young adults with disabilities in transitioning to work.
Asda’s sustainability efforts have been recognised by Sustainable Fitch, awarding the company a 3 rating for integrating ESG considerations into its business strategy.
“2023 was a big year for Asda, with major strategic investments delivered and the foundations being laid to build a bigger and better Asda,” said Mohsin Issa, Asda co-owner.
“Our fourth ESG report outlines the progress we’ve made in the last year, with our new strategies and targets not only matching the ambitions of the business, but also tackling the areas that matter most to our customers and stakeholders.”
Give your business an edge with our leading industry insights.
The gold standard of business intelligence.
Find out more
Give your business an edge with our leading industry insights.
Give your business an edge with our leading industry insights.

I consent to Verdict Media Limited collecting my details provided via this form in accordance with Privacy Policy
View all newsletters from across the GlobalData Media network.
The leading site for news and procurement in the retail industry
Powered by Pharma Tech Logo
© Verdict Media Limited 2024

source