Download the Food Retail ESG Reporting Standard
The Food Retail ESG Reporting Standard
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FMI members are focused on making sure that the same transparency and rigor they bring to financial reporting are brought to bear in their ESG reporting. Ratio Insititute has created a food retail-focused tool that can help with that process by offering a standardized framework for communicating the metrics, best practicies, commitments, and progress on ESG goals that are increasingly important to grocery’s business model.
Andrew Haring
Vice President, Tax, Trade, Sustainability & Policy Development at FMI, The Food Industry Association
Ratio Institute’s practical sustainability tools directly correlate to store profiability—they make it simple for retailers to save money while being more sustainable. This is the win-win the industry has been seeking.
John Ross
CEO, IGA
Leading the way
By supporting Ratio Institute’s Food Retail ESG Reporting Standard these organizations have committed to the highest standards of transparency in the industry.
Why? Strong ESG performance is essential for today's food retailers.
From shoppers at the deli counter to shareholders in the boardroom, stakeholders want more visibility into company operations and the impact in their respective communities. Additionally, our Standard provides insights to improve process, performance, and profit.
What's inside
Our ESG Reporting Standard defines key aspects of a high quality ESG report, including scoping materiality, defining targets, and covers topics such as:
● Governance & Risk Management
● Greenhouse Gas Emissions
● Food Safety
● Occupational Health & Safety
● Labor, Human Rights, & DEI
● Sustainable Supply Chain/Sourcing
● And more…
“The Standard helps food retailers define their baseline and identify the changes necessary for large greenhouse gas emissions and other performance gains.”
John Ross
CEO of IGA
How it works
Our Standard synthesizes criteria from several well-established reporting frameworks into an easy-to-implement reporting approach specific to food retail. It is designed to help retailers report in a way that is most relevant to their business operations. It enables companies to set ESG targets and define strategies to achieve targets, while providing insights to improve process and operational performance for increased profitability.
To ensure the standard reflects industry best practices, Ratio Institute has solicited feedback from food retailers, industry experts, sustainability professionals, regulators, and vendors.
This is a great first step in defining sustainability reporting in the grocery industry. It enables companies to demonstrate their ESG commitment to their team members and customers and improve the industry overall.
Mark Koppang
Director of Sustainability, Raley’s Supermarkets
Ratio Institute’s ESG Reporting Standard provides invaluable guidance, metrics, and benchmarking opportunities for facility managers to better engage in ESG efforts. ConnexFM strongly supports this standard as part of our ESG Task Group and association thought leadership initiatives.
Bill Yanek
CEO, ConnexFM
