At Europris, we understand that sustainability is not only about mitigating risks, but also about seizing opportunities to create long-term value for our stakeholders. We are committed to integrating sustainability into every aspect of our business, from our operations and supply chain to our products and our interaction with employees and the many local communities we are a part of.
The Group’s ESG Priority Areas
Our ESG priority areas are based on the UN sustainable development goals (SDGs) and the material topics which identify our most significant impacts on the economy, the environment and people. We are concentrating on four main priority areas which aim to inspire and activate positive change and to lead the journey towards this: Our products, Our climate profile, Our people and Our social responsibility.
Our Products
We recognise that our main impact on ESG issues relates to the sourcing and production of products. The Intergovernmental Panel on Climate Change (IPCC) has concluded that the biggest threats to nature and the climate today are the ways in which humans consume resources. To reverse the loss of natural habitats and halt climate change, the world must reduce production and consumption footprints by 50 per cent by 2030.
Learn more about how we intend to contribute to this issue in the Annual Report.
Our Climate Profile
GHG emissions from producing and transporting the products we sell account for the largest part of the environmental impact from our business model. As the global climate challenge becomes ever more acute, we must make choices for a greener transition to more climate-friendly business activities and operations.
Our People
Dedicated employees are our most important asset. As a responsible employer, we work purposefully to ensure a meaningful and health-promoting working environment where all employees have the opportunity to fulfil their potential. This includes a focus on safety, equal opportunities and development for all employees. We also place great emphasis on promoting a culture characterised by openness, where employees’ voices are heard and valued.
Our Social Responsibility
Corporate social responsibility (CSR) has become an increasingly important issue for companies worldwide, and is defined as “taking actions aimed at benefiting the society that the business operates in” (Corporate Finance Institute, 2022). We see it as an opportunity to contribute locally through our extensive store network. These often play an important role in smaller communities, and we want to contribute positively in the local societies we are a part of.
CSR also means recognising our social responsibilities and taking specific action to ensure that we operate in a manner which respects and promotes human rights. This includes a commitment to ethical practices, transparency and accountability, and is a fundamental aspect of responsible and sustainable business conduct.