Climate Change Data

PriceSmart, Inc.

Climate Impact & Sustainability Data (2021-09-01 to 2022-08-31)

Reporting Period: 2021-09-01 to 2022-08-31

Environmental Metrics

Total Carbon Emissions:74,285 MT CO2e (Scope 1) + 50,395 MT CO2e (Scope 2) = 124,680 MT CO2e
Scope 1 Emissions:74,285 MT CO2e
Scope 2 Emissions:50,395 MT CO2e
Renewable Energy Share:13%
Total Energy Consumption:170,838,013 kWh
Water Consumption:511.94 ML (withdrawal), 460.74 ML (discharge)
Waste Generated:12,381 metric tons (diverted)
Carbon Intensity:0.28 MT CO2e /Building Area m2

ESG Focus Areas

  • Labor rights and employee wellbeing
  • Governance
  • Human capital development
  • Health, nutrition, and food safety
  • Relationship with the customer
  • Responsible products
  • Eco-efficient operations and waste management
  • Supply chain

Environmental Achievements

  • 42 of 50 clubs have rooftop solar arrays, generating 22,925 MWh of clean power in FY2022.
  • 85 tons of solid waste diverted from landfills in San Pedro Sula, Honduras.
  • Opened Sustainable Solutions Manufacturing facility in Trinidad and Tobago to produce bioplastic packaging.

Social Achievements

  • US$1 million+ committed to various causes across ten countries and the U.S.
  • Launched vision screening program ('Aprender y Crecer Vision') in Costa Rica, aiming to reach over 30,400 students.
  • Partnered with CADERH in Honduras to provide workforce development programs for at-risk youth, resulting in over 100 graduates.

Governance Achievements

  • Established a Corporate Safety Committee.
  • Implemented a formal talent mapping and succession planning initiative.
  • Established a center of expertise around compensation and benefits.

Climate Goals & Targets

Medium-term Goals:
  • Increase the percentage of renewable energy.
Short-term Goals:
  • Expand recycling kiosks to 30+ locations in FY2023.

Environmental Challenges

  • Lack of recycling infrastructure in many operating countries.
  • Managing waste from products, operations, and club activities.
  • Addressing plastic pollution.
Mitigation Strategies
  • Partnered with Invema to install recycling kiosks (San Pedro Sula, Honduras and Tegucigalpa, Honduras).
  • Launched a company-wide program to partner with local food banks through the Global FoodBanking Network (GFN).
  • Producing bioplastic packaging at the Sustainable Solutions Manufacturing facility.

Supply Chain Management

Supplier Audits: 62 food safety audits performed in FY2022.

Responsible Procurement
  • Vendor agreements require compliance with all applicable laws and a zero-tolerance policy for human trafficking and forced/child labor.
  • Direct Farm Program supporting small- and medium-size farmers.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards (as a guideline), SASB (selected disclosures)

Sustainable Products & Innovation

  • Member’s Selection products
  • Bioplastic packaging

Awards & Recognition

  • Most Loved Workplace® certification (U.S. operations)