Franchise Group (FRG)
Climate Impact & Sustainability Data (2022)
Reporting Period: 2022
Environmental Metrics
ESG Focus Areas
- Human capital management
- Business ethics
- Privacy and data security
- Board diversity and independence
- Board oversight of ESG
- Environmental Management
- Climate Change & GHG Emissions
- Energy Management & Usage
- Diversity, Equity & Inclusion
- Supply Chain Management
Environmental Achievements
- Partnered with Uber Freight to optimize freight logistics and reduce CO2 emissions (quantified emissions avoided via dashboard, but specific numbers not provided).
- American Freight's website encourages local purchases to reduce transportation emissions.
- Most brands implemented energy-efficient LED lighting.
- The Vitamin Shoppe recycled 1,600 tons of cardboard and 15,600 lbs of e-waste.
- American Freight refurbished over 305,000 appliances, recycling over 97,000 units.
- Badcock and American Freight named most improved retailers for responsible wood sourcing.
Social Achievements
- Established a centralized FRG DEI committee.
- Expanded recruitment tools to attract diverse talent.
- Encouraged flexible and hybrid working.
- Boosted FRG benefits program to include health and wellness packages.
- Piloted a formal mentorship program.
- Published a DEI policy.
- The Vitamin Shoppe rolled out unconscious bias training and introduced DEI KPIs.
- Pet Supplies Plus founded a Women in Business employee resource group.
Governance Achievements
- Refreshed Code of Conduct and established Board oversight of ESG program.
- Linked executive pay incentives to ESG progress.
- Developed standalone policies covering ESG, DEI, and Human Rights.
- Amended charters of Nominating & Corporate Governance and Audit Committees to include ESG oversight.
- Implemented a 24/7/365 independent whistleblower hotline.
Climate Goals & Targets
Environmental Challenges
- Collecting data on energy usage and recycling rates across brands to measure total carbon footprint.
- Addressing potential climate-related risks and complying with SEC's proposed climate-related disclosure requirements.
Mitigation Strategies
- Exploring ways to collect data on energy usage and recycling rates.
- Closely monitoring SEC's proposed requirements on climate-related disclosures.
- Prioritizing emissions reductions in logistics, energy efficiency, waste reduction, and supply chain sustainability.
Supply Chain Management
Responsible Procurement
- Badcock and American Freight are members of the Sustainable Furnishings Council and conduct vendor questionnaires on raw material sourcing.
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: SASB
Awards & Recognition
- Badcock and American Freight named most improved retailers for responsible wood sourcing.