Rite Aid’s 2020 Corporate Social Responsibility Report Showcases Rapid Progress
08 Juni 2020 - 3:30PM
Business Wire
Rite Aid named top traditional drug store chain
in US for removing harmful chemicals in products sold
Rite Aid (NYSE: RAD) today published its second annual corporate
social responsibility report, highlighting significant progress
across environmental, social and governance (ESG) efforts, and
demonstrating Rite Aid’s commitment to promoting whole-being health
in the lives of customers, associates and communities.
In particular, the report showed how Rite Aid’s efforts to offer
cleaner, better-for-you products led to recognition from the annual
“Who’s Minding The Store?” retailer report card as the leading
traditional drug store chain for addressing and removing harmful
chemicals from products sold.
“After laying out our vision to evolve our business from a
traditional retail drug store chain to a modern, pharmacy-first
destination for whole-being health, we are committed more than ever
to sustainable ESG initiatives that will help transform our role in
the health care sector,” said Jim Peters, chief operating officer,
Rite Aid. “To fulfill our mission of supporting the holistic health
needs of the communities we serve, we have shifted our merchandise
assortment to ensure clean, safe product ingredients, while also
reducing our environmental footprint. I’m especially proud that
Rite Aid has earned recognition for addressing and removing harmful
chemicals from the products we sell.”
The report measures Rite Aid’s performance over the past year in
fostering sustainability and building on its pledge to be a
socially responsible organization that delivers the highest level
of value-based care. This year’s report illustrates progress across
various environmental, social and governance initiatives and
identifies key opportunities to help further Rite Aid’s
sustainability and social responsibility journey moving forward.
Over the 2020 fiscal year, Rite Aid made significant strides to
lead a more environmentally sustainable business with investments
to improve energy and fleet fuel efficiency, as well as reduce
waste.
Additionally, the drug store chain has made efforts to improve
the health and wellness of the community by progressing efforts in
managing critical health issues, expanding the role of the
pharmacist, and promoting a diverse and inclusive workplace, from
stores to the executive leadership team and board of directors.
Highlights from this year’s report include:
Community Commitment: Improving
Whole-Being Health
- In 2019, Rite Aid was recognized as the top traditional drug
store chain for its efforts to address and remove harmful chemicals
in products sold, as part of the annual “Who’s Minding the Store?”
retailer report card. View the report card here:
https://retailerreportcard.com/
- To support a sustainable food system and protect pollinator
health, Rite Aid has encouraged all food and beverage suppliers to
reduce use of pollinator-toxic pesticides in their supply chains
and has expanded organic offerings, introducing nearly 150 new
organic food items in 2019.
- To empower pharmacists chain-wide to act as whole-health
advocates, Rite Aid is implementing a series of initiatives
including using LEAN training to free up pharmacists’ time,
enhancing its assortment of better-for-you products, re-designing
store layouts, and expanding telehealth to connect consumers to
their care teams.
- This past year, Rite Aid raised significant awareness around
important health issues, becoming the first major drugstore chain
to completely remove e-cigarette and vaping products from its
inventory, increasing the age to purchase tobacco to 21 and
progressing its efforts to manage the opioid crisis through
awareness, education and proper medication disposal.
- Rite Aid’s team of more than 50,000 associates makes it
possible to improve the health and wellness of the communities it
serves. Rite Aid remains committed to supporting a diverse work
environment, most notably by significantly increasing female
management representation across every business category over the
past year.
Environmental Sustainability:
Responsibly Managing Energy & Waste
- Rite Aid continued to foster a sustainable environment by
installing LED lighting in more stores across the chain to increase
energy efficiency, demonstrating a 33% improvement in annual
electric consumption and an 8% increase in the number of in-store
installations compared to last year.
- Rite Aid elevated its partnership with 3 Phases Renewables to
provide 50% renewable power for select stores in Southern
California.
- To reduce fuel consumption, Rite Aid began installing
aerodynamic skirts on the fleet of trailers that service Rite Aid’s
distribution centers, contributing to an anticipated 4% improvement
in overall fuel economy for these fleets.
- Throughout 2019, Rite Aid diverted more than 51,000 tons of
recyclable material from landfills through ongoing recycling
efforts.
The framework for this report was based on guidance from
Sustainability Accounting Standards Board (SASB) as well as
feedback from key internal and external stakeholders. To learn more
about Rite Aid’s progress and goals pertaining to CSR initiatives,
the entire report can be found here.
About Rite Aid Corporation
Rite Aid Corporation is on the front lines of delivering
healthcare services and retail products to more than 1.6 million
Americans daily. Our pharmacists are uniquely positioned to engage
with customers and improve their health outcomes. We provide an
array of whole-being health products and services for the entire
family through over 2,400 retail pharmacy locations across 18
states. Through EnvisionRxOptions, we provide pharmacy benefits and
services to approximately 4 million members nationwide. For more
information, www.riteaid.com.
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