Asda has celebrated a ‘strong’ environmental, social and governance (ESG) performance for the third year in a row, following its external assessment by financial services ratings agency Sustainable Fitch.
The grocery giant received an entity rating of 3 (1 = excellent, 5 = poor) for the third consecutive year, with an entity score of 57, matching last year’s result.
The score takes Asda’s “continued efforts to mitigate material environmental and social impacts from its wide range of consumer products,” into account, according to the supermarket.
The retailer was positively rated by the agency for its “detailed disclosure of greenhouse gas emissions,” Asda said, and was “praised for acting to reduce carbon emissions across all Scopes in the past three years”.
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Additionally, Sustainable Fitch positively assessed Asda’s efforts to improve its products’ impact on consumer health.
Asda chief financial officer Michael Gleeson said: “We’re pleased that Sustainable Fitch has once again recognised our ESG performance for the third year in a row.
“We remain committed to improving the transparency of our reporting and embedding ESG considerations into our business strategy.
“By maintaining our score, we’re reinforcing to investors that responsible retailing remains a priority for us, and that we are focused on addressing the issues that matter most to our business.”
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