{"id":46383,"date":"2022-07-20T16:02:08","date_gmt":"2022-07-20T14:02:08","guid":{"rendered":"https:\/\/pharma-trend.com\/en\/rite-aid-releases-fourth-annual-environmental-social-and-governance-report\/"},"modified":"2022-07-20T16:02:08","modified_gmt":"2022-07-20T14:02:08","slug":"rite-aid-releases-fourth-annual-environmental-social-and-governance-report","status":"publish","type":"post","link":"https:\/\/pharma-trend.com\/en\/rite-aid-releases-fourth-annual-environmental-social-and-governance-report\/","title":{"rendered":"Rite Aid Releases Fourth Annual Environmental, Social and Governance Report"},"content":{"rendered":"<div>\n<p class=\"bwalignc\">\n<i>Company Provides Progress Updates and Standards for Environmental Responsibility, DEI, <\/i><i>Community Impact and More<\/i>\n<\/p>\n<p>PHILADELPHIA&#8211;(BUSINESS WIRE)&#8211;Rite Aid (NYSE: RAD) today published its fourth annual Environmental, Social and Governance (ESG) <a target=\"_blank\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Finvestors.riteaid.com%2Fsustainability%2Fdefault.aspx&amp;esheet=52785814&amp;newsitemid=20220719006123&amp;lan=en-US&amp;anchor=Report&amp;index=1&amp;md5=2d700bb6bc0c4c815b674e8a3a5d1de0\" rel=\"nofollow noopener\" shape=\"rect\">Report<\/a>, detailing the company\u2019s strategy and progress against goals over the past year. This year\u2019s report addresses the four ESG pillars introduced in the company\u2019s 2021 report: Thriving Planet, Thriving Business, Thriving Workplace and Thriving Community.\n<\/p>\n<p><a href=\"https:\/\/mms.businesswire.com\/media\/20220719006123\/en\/801162\/5\/RAD-Logo-PMS.jpg\"><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20220719006123\/en\/801162\/21\/RAD-Logo-PMS.jpg\"><\/a><\/p>\n<p>\n\u201cAs a purpose-driven healthcare organization, we recognize the need to do our part in minimizing our environmental footprint and making a positive impact through our associates in the communities we serve,\u201d said Paul Gilbert, Chief Legal Officer overseeing ESG efforts at Rite Aid. \u201cOur advancement thus far is exciting, and we look forward to further progress in the months and years ahead.\u201d\n<\/p>\n<p>\nThis year\u2019s report furthers Rite Aid\u2019s commitment to transparency and accountability on important topics and acts as a benchmark to help inform future ESG priorities and goals.\n<\/p>\n<p>\n<b>Thriving Planet<br \/>\n<br \/><\/b>Rite Aid advanced its objective of reducing the company\u2019s environmental impact by lessening energy demand, transitioning to lower carbon energy sources, minimizing waste and improving fleet efficiency. Specifically:\n<\/p>\n<ul class=\"bwlistdisc\">\n<li>\nRite Aid expanded its partnership with 3 Phases Renewables to purchase 50% renewable power at select stores in Southern California to include an additional 150 stores, the Thrifty ice cream plant and a distribution center.\n<\/li>\n<li>\nBy the end of 2021, 42% of Rite Aid stores had transitioned to LED lighting. The company is on track to complete a goal of installed LED lighting at 100% of its stores by 2035.\n<\/li>\n<li>\nThroughout 2021, Rite Aid diverted more than 76,000 tons of recyclable material from landfills through its recycling programs.\n<\/li>\n<\/ul>\n<p>\n<b>Thriving Business<br \/>\n<br \/><\/b>Rite Aid is working to embed sustainability in every level of its value chain, improving supply chain transparency and engagement, formalizing environmental and social sourcing guidelines and policies and enhancing consumer transparency around sustainable products and sourcing. To support these goals:\n<\/p>\n<ul class=\"bwlistdisc\">\n<li>\nRite Aid utilizes the services of independent, third-party auditors to evaluate supplier partners\u2019 compliance in both security and social accountability. In 2021, Rite Aid audited 51 factories, and while the vast majority received an overall acceptable rating, Rite Aid ended relationships with seven suppliers that did not correct deficiencies identified in the audit.\n<\/li>\n<li>\nRite Aid held its first supplier sustainability summit, meeting with more than 75 different suppliers showcasing products that support whole health and clean ingredients across categories such as food and beverage, health and beauty care and general merchandise.\n<\/li>\n<li>\nRite Aid accelerated plans to source 100% cage-free eggs in all of locations by the end of 2022. In 2016, Rite Aid committed to providing 100% cage-free eggs to stores by 2025. The new goal represents the company\u2019s commitment to responsible sourcing and advancing sustainable and ethical practices.\n<\/li>\n<\/ul>\n<p>\n<b>Thriving Workplace<br \/>\n<br \/><\/b>To encourage a thriving workplace and optimize associate experience, opportunity and well-being across the organization, Rite Aid is implementing a transformative DEI strategy and recruitment and retention practices to drive positive business outcomes.\n<\/p>\n<ul class=\"bwlistdisc\">\n<li>\nIn 2021, the company introduced the DEI Talent Network, an employee resource group aimed at promoting diversity and health and wellness equity, improving the workplace and community and providing professional development opportunities. Rite Aid also developed a new DEI strategy roadmap, which includes the integration of DEI into human resource policies as well as business processes.\n<\/li>\n<li>\nAlso in 2021, Rite Aid announced its decision to be a remote-first employer, allowing more flexibility for associates to balance work and family priorities. The policy underscores Rite Aid\u2019s commitment to modernize the workplace and allows the company to recruit the best talent regardless of location.\n<\/li>\n<\/ul>\n<p>\n<b>Thriving Community<br \/>\n<br \/><\/b>Rite Aid continues to improve health equity, outcomes and access to care in the communities it serves.\n<\/p>\n<ul class=\"bwlistdisc\">\n<li>\nOver the past year, Rite Aid has improved access to COVID-19 vaccines in neighborhoods across the country, partnering with organizations such as the Newark Equitable Vaccine Initiative and the NAACP and the Philadelphia Council AFL-CIO to set up clinics for vulnerable or underserved populations. To date, Rite Aid has administered over 17 million COVID-19 vaccines.\n<\/li>\n<li>\nAlso in 2021, Rite Aid pharmacists received training to become certified integrative pharmacy specialists, and now are able to counsel on both traditional and alternative remedies, ensuring customers receive the best whole-health consultations.\n<\/li>\n<li>\nRite Aid continues to help combat the opioid crisis in the United States. Through the DEA National Take Back Days, more than 792 tons of unused medications were removed from homes and more than 80,000 pounds removed from Rite Aid in-store medication disposal kiosks. Rite Aid distributed 412,354 Dispose Rx packets free of charge to assist opioid patients in quickly and safely disposing unused excess opioids.\n<\/li>\n<\/ul>\n<p>\nNew this year, Rite Aid proclaimed its support of eight of the 17 United Nations Sustainable Development Goals (UN SDGs), which are designed to facilitate significant global development by 2030. The report maps Rite Aid ESG achievements and priorities to the eight goals, including Zero Hunger, Good Health and Wellbeing, Affordable and Clean Energy, Gender Equality, Decent Work and Economic Growth, Reduced Inequalities, Responsible Consumption and Production, and Peace, Justice and Strong Institutions.\n<\/p>\n<p>\n<b>About Rite Aid Corporation<br \/>\n<br \/><\/b>Rite Aid is a full-service pharmacy that improves health outcomes. Rite Aid is defining the modern pharmacy by meeting customer needs with a wide range of vehicles that offer convenience, including retail and delivery pharmacy, as well as services offered through our wholly owned subsidiaries, Elixir, Bartell Drugs and Health Dialog. Elixir, Rite Aid\u2019s pharmacy benefits and services company, consists of accredited mail and specialty pharmacies, prescription discount programs and an industry leading adjudication platform to offer superior member experience and cost savings. Health Dialog provides healthcare coaching and disease management services via live online and phone health services. Regional chain Bartell Drugs has supported the health and wellness needs in the Seattle area for more than 130 years. Rite Aid employs more than 6,400 pharmacists and operates more than 2,350 retail pharmacy locations across 17 states. For more information, visit <a target=\"_blank\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.riteaid.com&amp;esheet=52785814&amp;newsitemid=20220719006123&amp;lan=en-US&amp;anchor=www.riteaid.com&amp;index=2&amp;md5=64393bce250f783b967eae93693f070d\" rel=\"nofollow noopener\" shape=\"rect\">www.riteaid.com<\/a>.\n<\/p>\n<p> <b>Contacts<\/b> <\/p>\n<p>\nMEDIA:<br \/>\n<br \/>Alicja Wojczyk<br \/>\n<br \/>585-957-4060<br \/>\n<br \/><a target=\"_blank\" href=\"&#x6d;&#x61;&#x69;&#x6c;&#116;&#111;&#58;&#80;res&#x73;&#x40;&#x52;&#x69;&#x74;&#101;&#65;&#105;d&#46;c&#x6f;&#x6d;\" rel=\"nofollow noopener\" shape=\"rect\">&#x50;&#x72;&#x65;&#x73;&#x73;&#x40;&#x52;&#x69;&#x74;&#x65;&#x41;&#x69;&#x64;&#x2e;&#99;&#111;&#109;<\/a>\n<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Company Provides Progress Updates and Standards for Environmental Responsibility, DEI, Community Impact and More PHILADELPHIA&#8211;(BUSINESS WIRE)&#8211;Rite Aid (NYSE: RAD) today published its fourth annual Environmental, Social and Governance (ESG) Report, detailing the company\u2019s strategy and progress against goals over the past year. This year\u2019s report addresses the four ESG pillars introduced in the company\u2019s 2021 &#8230; <span class=\"more\"><a class=\"more-link\" href=\"https:\/\/pharma-trend.com\/en\/rite-aid-releases-fourth-annual-environmental-social-and-governance-report\/\">[Read more&#8230;]<\/a><\/span><\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":{"0":"entry","1":"post","2":"publish","3":"author-business","4":"post-46383","6":"format-standard","7":"category-industry"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Rite Aid Releases Fourth Annual Environmental, Social and Governance Report - Pharma Trend<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pharma-trend.com\/en\/rite-aid-releases-fourth-annual-environmental-social-and-governance-report\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rite Aid Releases Fourth Annual Environmental, Social and Governance Report - Pharma Trend\" \/>\n<meta property=\"og:description\" content=\"Company Provides Progress Updates and Standards for Environmental Responsibility, DEI, Community Impact and More PHILADELPHIA&#8211;(BUSINESS WIRE)&#8211;Rite Aid (NYSE: RAD) today published its fourth annual Environmental, Social and Governance (ESG) Report, detailing the company\u2019s strategy and progress against goals over the past year. This year\u2019s report addresses the four ESG pillars introduced in the company\u2019s 2021 ... 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