Climate Change Data

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.