Business
PriceSmart Announces Release of Its Comprehensive Environmental and Social Responsibility (ESR) Report for Fiscal Year 2022
SAN DIEGO, June 2, 2023 /PRNewswire/ -- PriceSmart, Inc. (NASDAQ: PSMT) today announced the release of its Environmental and Social Responsibility (ESR)
About this update from Pricesmart, Inc.
[{"type":"text","content":"SAN DIEGO, June 2, 2023 /PRNewswire/ -- PriceSmart, Inc. (NASDAQ: PSMT) today announced the release of its Environmental and Social Responsibility (ESR) report for fiscal year 2022 (September 1, 2021 to August 31, 2022). PriceSmart's second annual ESR report illustrates the Company's continued dedication to sustainability, responsible corporate conduct, and transparency in its business in the United States and across the 12 countries and one U.S. territory in which the Company operates.\n\n \n \n \n \n \n \n\n \nThis ESR report provides an overview of PriceSmart's commitment to employees, Members, communities, and the planet. The report also describes the Company's approach to integrating sustainability and social responsibility into its decision making and operations.\n\"We've always considered it good business to invest in our employees, our communities, and the countries in which we operate – and we view these actions as investments in the long-term sustainability of the Company that will improve returns to our shareholders,\" said Robert E. Price, Interim Chief Executive Officer of PriceSmart, Inc.\nHighlights of the ESR Report Include:\nEmployee Engagement: Showing PriceSmart's commitment to creating an inclusive, diverse, and rewarding workplace.Member Experience: Detailing PriceSmart's dedication to providing exceptional value and service to our Members.Community Engagement: Highlighting our contributions, through both business and philanthropy, to the local communities we serve.Environmental Stewardship: Outlining our efforts to minimize our environmental impact and promote sustainability.The ESR report has been prepared using the Global Reporting Initiative (GRI) Standards as a guideline and describes PriceSmart's ESR initiatives.\nPriceSmart strives to provide an example of responsible business practices in the retail sector and is committed to continuing to emphasize ESR factors in its operations. \nAccess the full ESR report at https://investors.pricesmart.com under the ESG tab.\nAbout PriceSmart \nPriceSmart, headquartered in San Diego, owns and operates U.S.-style membership shopping warehouse clubs in Latin America and the Caribbean, selling high quality merchandise and services at low prices to PriceSmart Members. PriceSmart operates 51 warehouse clubs in 12 countries and one U.S. territory (nine in Colombia; eig...