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A Letter From Our President & CEO
The expectation that employees, customers and investors place on corporate citizenship, or sustainable business practices, rightly continues to grow and evolve. Leaders must be agile to ensure we can uphold our values, do the right thing and nurture a strong future for a kinder capitalism.
I firmly believe that a kinder capitalism doesn’t weaken any of capitalism’s best attributes. In order to give back to communities, to attract customers and shareholders as a brand leader, to attract employees, or to expand and to grow — companies need to be profitable and drive exceptional value for their shareholders. Healthy companies benefit economies, fostering competition and innovation. However, customers also clearly want companies to step up and take a more active role in making the world a better place. As leaders, we can strike the balance to prioritize business and community health. Our company, for example, in the last four years, has grown our profits and become bigger and stronger while embracing corporate citizenship.
At Empire, our purpose “to be a family nurturing families”, and our values drive us forward. This year, we’re taking our sustainability reporting to the next level by releasing our first Sustainability Accounting Standards Board (SASB) Index. This disclosure provides transparency and data on Empire’s progress in core environmental, social and governance areas in our business and industry.
Looking ahead, we will keep learning and evolving. In fiscal year 2023, we will launch our next three-year Sustainable Business Strategy, expanding our focus on important areas like reducing plastics and waste, climate change, diversity, equity and inclusion, and growing our community impact.
As our 2021 Sustainable Business Report shows, Empire understands that making meaningful investments in our people, our communities and our planet does more than demonstrate our values in action; it’s also good for business, by improving profitability and shareholder return.
I know we have further to go — and welcome your thoughts and feedback on how we can do better along the way.