Metro Inc.TSX: MRU

2025 Corporate Responsibility report

· MarketScreener
Corporate Responsibility Report 2025 Fiscal Year




‌Table of Contents

About METRO 3

Message from Our President and CEO 5

Three Questions for Our Vice President,

Public Affairs and Communications 6

Our Approach 7

Our Business Fundamentals 8

Materiality 9

Engaging with Our Stakeholders 10

Corporate Responsibility Governance 11

Products and Services 12



Responsible Procurement 13

Health, Nutrition and Well-being 18

Packaging and Printed Materials 20

Environment 22

Climate Change 23

Waste 27

Food Loss and Waste 30

Colleagues 33

Equity, Diversity and Inclusion 34

Health, Safety and Well-being 36

Communities 37

Socioeconomic Contribution 38

Our Performance 41

Scorecard 42

ESG Performance Data 49

Introduction

Products and Services Environment

Colleagues Communities Our Performance

Corporate Responsibility Report - 2025 Fiscal Year 2



Introduction

Products and Services

Environment

Colleagues

Communities

Our Performance

Corporate Responsibility Report - 2025 Fiscal Year 3

About METRO

METRO is a food and pharmacy leader in Québec and Ontario.

As a retailer, franchisor, distributor, manufacturer and provider of e-commerce services, we operate or service a network of 1,006 food stores under several banners, including Metro, Metro Plus, Super C and Food Basics, as well as 638 pharmacies, under the Jean Coutu, Brunet, Metro Pharmacy and Food Basics Pharmacy banners.

looking statements that may be set out in this report refer to hypotheses on the Canadian food and pharmacy industries, targets and the economy in general as well as our 2025 action plan and 2022-2026 CR Plan. These forward-looking statements do not provide any guarantees as to the future performance of the Corporation and are subject to known

More than

$22 billion

in sales

A network of over

1,640

stores

and unknown risks and uncertainties that could cause the outcome to differ significantly. We believe these statements to be reasonable

and relevant at the publication date and

About this report

This corporate responsibility (CR) report covers the operations and activities of METRO INC. and its affiliated entities (collectively, the "Corporation") for the 2025 fiscal year ending on September 27, 2025. This is our fourth annual CR report since publishing our third five-year CR Plan for 2022-2026 for our food and pharmacy activities. We continue to report on metrics based on the Sustainability Accounting Standards Board (SASB) Food Retailers & Distributors and Drug Retailers standards

and on the Global Reporting Initiative (GRI) Standards. All financial figures are in Canadian dollars unless otherwise specified. In this report, METRO refers to the Corporation, and Metro refers to the conventional store banner. This

report was reviewed by internal auditors but was not externally audited, with the exception of certain climate data (Scopes 1 and 2 greenhouse gas emissions), which were

the subject of a limited assurance by our external auditor.

Forward-looking information

Throughout this report, we have used statements that may constitute forward-looking information. In general, any statement in this report that does not constitute historical fact may be considered a forward-looking statement. The use of the future tense as well as expressions such as "commit," "aim," "vision," "ambition," "seek," "targets," "objectives" and other similar expressions is generally indicative of forward-looking statements. The forward-

representative of our expectations. METRO does not intend to update any forward-looking statements contained herein.

More than

97,000

colleagues

For more information

Marie-Claude Bacon

Vice President, Public Affairs and Communications

11011 Maurice-Duplessis Blvd. Montréal (Québec) H1C 1V6 514 643-1086

Founded in

1947

mbacon@metro.ca



Introduction

Products and Services

Environment

Colleagues

Communities

Our Performance

Corporate Responsibility Report - 2025 Fiscal Year 4



Food (1,006 food stores)

Supermarkets Discount stores Neighbourhood stores Specialized stores

Québec

710

183

Metro Metro Plus

11

Adonis

117

Super C

52

Marché Richelieu

3201

Marché Ami

26

Première Moisson

1

Les 5 Saisons

Ontario

289

133

Metro

5

Adonis

150

Food Basics

1

Première Moisson

New Brunswick

7

1

Marché Richelieu

6

Marché Ami

Total 332 267 379 28

Québec

526

385

PJC Jean Coutu PJC Santé

PJC Santé Beauté

141

Brunet Brunet Plus

Brunet Clinique Clini Plus

Pharmacy (638 pharmacies)

Ontario

85

7

PJC Jean Coutu PJC Santé

78

Metro Pharmacy

Food Basics Pharmacy

New Brunswick

27

27

PJC Jean Coutu PJC Santé

PJC Santé Beauté

Total 638

1 Includes one store located in the province of Newfoundland and Labrador.



Introduction

Products and Services

Environment

Colleagues

Communities

Our Performance

Corporate Responsibility Report - 2025 Fiscal Year 5

Message from Our President and CEO

For over 15 years, METRO has been committed to a rigorous corporate responsibility (CR) approach, embedded in its business practices. This journey has led us to transform the way we operate, ensuring that environmental, social and governance (ESG) issues are progressively taken into account across all levels of the organization.

Our community engagement remains steady. For the third consecutive year, our community investment program was awarded Imagine Canada's PRISM certification, confirming that our initiatives are deeply rooted in our purpose. The launch of METRO Shared Kitchens in Québec and Ontario reflects our sincere desire to make a real difference, particularly in the areas of food and health. Beyond financial support, we rely on long-term partnerships and the direct involvement of our teams to amplify the impact of our actions in the field.



To capture the true value of our approach, we must understand the issues at stake, identify how our company can address them, and evolve our practices with diligence. This is not a revolution, but a process of continuous adaptation - guided by science and by the expectations of our customers, colleagues, partners

Foundational initiatives such as our Sustainable Fisheries and Aquaculture Policy and our local purchasing program are now fully integrated in our day-to-day business practices. Since 2024, ESG objectives have been included in the long-term incentive plan for

our executives, reflecting an accountability-driven approach. Change takes time, but our new practices are taking root, and we are confident they are here to stay.

As we enter the final year of our 2022-2026 CR Plan, we continue our efforts with determination. Our initiatives to reduce greenhouse gas emissions - including

the adoption of near-term science-based targets - illustrate our commitment to addressing environmental challenges with both pragmatism and ambition. For the first time, our external auditor has provided a limited assurance report1 for our Scopes 1 and 2 climate data, further strengthening the credibility of this data and, more broadly, that of our overall approach.

We are closely monitoring the evolving regulatory landscape, particularly regarding human rights. In addition to publishing our second report under the Fighting Against Forced Labour and Child Labour in Supply Chains Act, we also released our very first Human Rights Statement this year. This statement reinforces our existing alignment with international best practices and reflects our determination to contribute to a more just and equitable society.

We are also proud of the recognition we received this year. The Maurice-Pollack Award highlights the

excellence of our equity, diversity and inclusion efforts, and shines a light on the sustained work of our teams to create an inclusive work environment that reflects the society in which we operate.

and investors.

We humbly acknowledge that some objectives remain difficult to achieve. But we are not giving up. Thanks to the dedication of our teams and strong governance, we are constantly working to improve our practices, deliver quality products and create lasting value.

Today, our CR approach is a key pillar of our overall performance. It is built on informed choices, reliable data and continuous engagement. This is how we are preparing METRO to meet the challenges of tomorrow.



Eric La Flèche

President and Chief Executive Officer

1 Limited assurance is a form of independent verification conducted by a third party, often an audit firm, of certain information published in a sustainability or corporate responsibility report. Its purpose is to confirm that the data is plausible, evidence-based, and grounded in a recognized methodology, but it does not guarantee absolute accuracy.