The Times Australia
News From Asia

.
Beatbot

.

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.

The Times Features

LaManna at Essendon Fields is transforming into a festive wonderland

This festive season, LaManna is decking its halls with an incredible range of goodies to meet all your Christmas needs and ensure your next holiday feast is one to remember.  Wit...

'Big school ready’ before 2025

Rebecca Suseno, a mother from Croydon, NSW, shares her excitement and preparation for her daughter Chiara’s big leap into kindergarten in 2025. As a mother, there’s nothing...

ADHD medications affect children’s appetites. Here’s how to manage this

Attention deficit hyperactivity disorder (ADHD) impacts the ability to maintain attention to tasks. Often, it also involves impulsive behaviour – saying or doing things without...

For the foodie or home chef, look no further than premium pizza oven brand, Gozney

Founder and designer, Tom Gozney, wanted to bring a different way of cooking to as many people as possible and has led a movement of unforgettable cooking experiences inspired ...

Beyond bricks and mortar: Building socially connected communities is Australia’s next big challenge

As state governments rush to deliver thousands of homes across the major capitals,1 one of the nation’s leading urban planners warns we must build transit based, mixed-use, w...

New research shows how long, hard and often you need to stretch to improve your flexibility

Can you reach down and touch your toes without bending your knees? Can you reach both arms overhead? If these sound like a struggle, you may be lacking flexibility. Flexibilit...

Times Magazine

The Reasons Why You Should Never Leave Your Car At An Outdoor Car Park

Surveys show that Australia is the most expensive country in the world to park in! The average daily parking charges were in the region of AUD 35 in 2022, and they showed no signs of coming down. Parking in the CBDs (central business districts) c...

Tony Potts: Celebrating a Legacy of Iconic Photography

Art + Gallery at Potts Point will present a much-anticipated exhibition from 8 to 21 this November, showcasing the extraordinary work of renowned fashion and fine art photographer Tony Potts. This exclusive showing will offer a rare glimpse into ...

RSPCA QLD launches ‘Prevent-a-Bite’ Dog Safety Campaign

With research revealing 1,200 Queensland children each year present at a hospital emergency department due to a dog bite and 81 per cent of dog bites occur in the child’s home, RSPCA Queensland is launching the ‘Prevent-a-Bite’ program, focused on ...

The Ultimate Pet Handbook

An essential guide for young people with a passion for pets  “As you read this book it will soon be obvious that Ben Dessen is no ordinary individual. From a very young age Ben has had a fascination with animals of all kinds. He has the greatest e...

Motorhome Repair Advice All Owners Can Benefit From

When a motorhome owner has specialised knowledge that enhances their travelling experience, their confidence grows. One of these abilities is auto repair. The ability to do so stems from the knowledge that not all issues with motorhomes require the...

Choosing the Right Support for Legal Challenges

Navigating legal matters can be a complex and overwhelming experience for anyone, particularly when personal circumstances and family relationships are involved. Understanding your rights, the legal processes, and the steps you need to take can mak...

LayBy Shopping