Business Daily Media

Business Marketing

.

DFI Retail Group releases Sustainability Report 2023 – Demonstrating the significant progress in its sustainability and ESG journey

HONG KONG SAR - Media OutReach Newswire - 22 April 2024 - DFI Retail Group (DFI) has published its Sustainability Report 2023, which illustrates the group's steadfast commitment to environmental sustainability and community service.

The report highlights the efforts DFI has made and its accomplishments in various areas of environmental stewardship, such as 19% reduction in Scope 1 and 2 greenhouse gas (GHG) emissions[1] compared to its 2021 baseline, reducing 110 tonnes of plastic usage in Own Brand Health and Beauty products and increasing waste diversion rate.

DFI Retail Group releases Sustainability Report 2023
DFI Retail Group releases Sustainability Report 2023

As part of its mission, DFI strives to sustain the planet, source responsibly and serve communities. Within the framework, the goals of which range from reducing energy, plastic usage and waste; to eliminating harmful refrigerants; improving human, animal and land welfare; reducing hunger, the cost of living, and raising self-esteem. These are incorporated in DFI's operations, ensuring sustainable practices that benefit both customers and the communities it serves.

Mr. Scott Price, Group Chief Executive of DFI Retail Group, said, 'As a leading pan-Asian retailer, we have a unique opportunity to contribute to and be a part of the solution to achieving a sustainable future for all our customers, communities, and businesses. We take this responsibility very seriously, and being part of the solution is essential to our Customer First, People Led and Shareholder Driven strategic framework.'

Looking forward, DFI is dedicated to further embedding environmental, social, and governance (ESG) principles into daily operations and business strategies. Through a range of sustainability initiatives, DFI strives to achieve its goals in the markets and communities it serves, bringing about positive changes and continuously enhancing the Group's contributions towards a sustainable future.

Key highlights from the 2023 Sustainability Report include:

1. Emission Reduction and Climate Commitments :
  • Science Based Targets Initiative (SBTi) validation: DFI became one of the first Asian retailers to be validated by SBTi for its near-term GHG emissions reduction targets. For Scope 1 and 2, the committed target is to reduce half emissions by 2030. DFI has also pledged separately to achieve net-zero emissions by 2050, with a yearly plan and investments planned to achieve this long-term goal. SBTi has also validated DFI's Scope 3 emissions reduction target, focusing on purchased goods and services (category 1) and other significant categories.
  • Reduction in GHG emissions: DFI achieved a remarkable 19% reduction in Scope 1 and 2 GHG emissions compared to its 2021 baseline. It reflects DFI's ongoing efforts to mitigate direct and indirect emissions and combat climate change.
2. Enhanced Environmental, Social, and Governance (ESG) Performance:
  • Morningstar Sustainalytics rating: DFI ESG risk rating has improved from 25.3 in 2022 to 22.9 in 2023, advancing the company from the top 50% to the top 29% in the Global Food Retail sub-industry rankings. Sustainalytics has given DFI the overall ESG management a "Strong" rating, despite the company's above-average risk exposure for their sub-industry.
3. Progress in waste diversion:
  • DFI achieved a 54% waste diversion rate in 2023, up from 51% in 2022, underscoring the Group's commitment to diverting waste from landfills and promoting recycling and sustainable waste management practices.
4. Committing to reducing plastic waste:
  • DFI achieved a commendable 38% reduction in plastic bags and plastic wrap usage compared to 2022. Demonstrating the Group's efforts to minimize the environmental impact of its operations.
5. Improving the recyclability of Own Brand products' packaging:
  • As of 2023, 57% of these Own Brand products' plastic packaging are recyclable. enhancing the circularity of packaging materials.

For detailed information on the various initiatives undertaken by DFI towards sustainable development, please refer to the DFI Sustainability Report 2023 here.

https://sr.dfiretailgroup.com/2023


[1] Scope 1 covers emissions from sources that an organization owns or controls directly; Scope 2 are emissions that a company causes indirectly and come from where the energy it purchases and uses is produced; Scope 3 encompasses emissions that are not produced by the company itself and are not the result of activities from assets owned or controlled by them, but by those it's indirectly responsible for up and down its value chain.

Hashtag: #DFIRetailGroup #DFI #ESG #Sustainability #SustainabilityReport

The issuer is solely responsible for the content of this announcement.

About DFI Retail Group

DFI Retail Group (the 'Group') is a leading pan-Asian retailer. The Group provides quality and value to Asian consumers by offering leading brands, a compelling retail experience and great service; all delivered through a strong store network supported by efficient supply chains.

The Group (including associates and joint ventures) operates under a number of well-known brands across six divisions. The principal brands are:

Food
Wellcome in Hong Kong; Yonghui in Chinese mainland; Cold Storage and Giant in Singapore; Hero in Indonesia; and Robinsons in the Philippines.

Convenience
7-Eleven in Hong Kong and Macau, Singapore and Southern China.

Health and Beauty
Mannings in Chinese mainland, Hong Kong and Macau; Guardian in Brunei, Cambodia, Indonesia, Malaysia, Singapore and Vietnam.

Home Furnishings
IKEA in Hong Kong and Macau, Indonesia and Taiwan.

Restaurants
Hong Kong Maxim's group in Chinese mainland, Hong Kong and Macau S.A.R., Cambodia, Malaysia, Singapore, Thailand, Vietnam and Laos.

Other Retailing
Robinsons in the Philippines operating department stores, specialty and DIY stores.

News from Asia

When the Yangtze Meets the Hudson: Civilizations Prosper Harmoniously in Exchange

NANJING, CHINA - Media OutReach Newswire - 20 May 2024 - The Hudson River in the United States flows southward into the Atlantic Ocean, while China's Yangtze River courses eastward into the Pacifi...

Southco Adds New High Cycle Life Options For ST Torque Hinges

HONG KONG SAR - Media OutReach Newswire - 21 May 2024 - Southco Asia Ltd., a subsidiary of Southco Inc., a leading global provider of engineered access solutions such as locks, latches, captive fa...

ASUS Singapore is 10G Ready

ROG Rapture GT-BE98, ZenWiFi BQ16, ProArt Z790-Creator WiFi, WS X299 SAGE / 10G and ESC8000-E11 cater to evolving consumer and commercial needs SINGAPORE - Media OutReach Newswire - 21 May 2024 - ...

ASUS IoT Announces Collaboration With BRESSNER to Unveil ASUS IoT Configure-to-Order Service (CTOS) Solution

Co-winning approach seamlessly integrates advanced features across ASUS IoT and BRESSNER Technology CTOS solutions, fostering synergy SINGAPORE - Media OutReach Newswire - 20 May 2024 - ASUS IoT, ...

Unilever International's The Good Cart Marks Two-Year Milestone in Boosting Charitable Shopping in Singapore

Two years since launch and successful collaboration with The Food Bank, The Good Cart enters a new partnership with the Goh Chok Tong Enable Fund SINGAPORE - Media OutReach Newswire - 21 May 2024 ...

CDNetworks Unveils 10 Tbps Capacity Upgrade for Enhanced South & Southeast Asia Network Performance

SINGAPORE - Media OutReach Newswire - 21 May 2024 - CDNetworks, the APAC-leading network to deliver edge as a service, today unveiled a 10 Tbps capacity upgrade to enhance the digital network pe...

ONYX Hospitality Group Sets Revenue Target Of Over THB 9,400 Million for 2024

Expansion Plans: 9 New Locations for Amari, OZO, and Shama Brands Set to Open at Home and Abroad by 2025, Catering to Tourism Recovery Both Domestically and Internationally The expansion s...

Dr. Philip Fan J.P. (范榮彰博士) Opens One-Stop Dental Facility in Shenzhen to Cater to New Consumption Patterns of Hong Kong Residents

HONG KONG SAR - Media OutReach Newswire - 21 May 2024 - The lifting of pandemic travel restrictions has driven a surge of Hong Kongers visiting mainland China for consumption, with dental services...

IT Security Leaders Are Failing to Close a Boardroom Credibility Gap

Trend Micro reveals most security bosses are pressured to soften their language HONG KONG SAR - Media OutReach Newswire - 21 May 2024 - Trend Micro Incorporated (TYO: 4704; TSE: 4704), a glob...

Yew Digital Lock Becomes Sole Authorized Dealer for Solity in Singapore

SINGAPORE - Media OutReach Newswire - 21 May 2024 - Yew Digital Lock, a leader in advanced security solutions, is proud to announce its new status as the sole authorized dealer for Solity in Singa...

Popular

The four markers that define Australia’s best-in-class workplaces

What is it that has aided one-third of employers not to experience difficulties with recruitment in the current market, writes Servicely’s founder and CEO Dion Williams. We’re used to living with impatience. The scant few sec...

Evolt 360 announces transformative partnerships in global fitness arena

Evolt 360 expands global reach signing key contracts with GoodLife Fitness (Canada), Matrix Fitness and Jetts Australia Advanced body composition technology innovator Evolt 360 has today announced three transformative contracts...

Booming second-hand car market leaves Australians out-of-pocket, overwhelmed and confused

Pandemic driven supply chain issues and surging prices have meant the second-hand car market is booming[1] and becoming increasingly harder to navigate. According to new research from Allianz Australia, Australians are turning...