GlobalData offers a comprehensive analysis of Walgreens, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on Walgreens’s ESG performance. GlobalData’s company profile on Walgreens offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
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Walgreens Boots Alliance (WBA), a global pharmacy-led health and well-being company, is focused on reducing its carbon emissions in its operation. The company aims to achieve a 30% reduction in absolute Scope 1 and Scope 2 global carbon emissions by 2030, relative to the 2019 baseline. WBA incorporates its subsidiary, Boots, in the UK, in the 2022 ESG Report. Boots UK has joined forces with other UK retailers through the British Retail Consortium (BRC) Climate Action Roadmap to establish an industry-wide roadmap. The goal is to achieve net-zero emissions by 2040, with specific targets for net-zero Scope 2 emissions by 2030, Scope 1 by 2035, and Scope 3 by 2040.
In 2022, Walgreens Boots Alliance reported total CO2e emissions by source at 1,577 (000 metric tonnes), signifying a reduction of 21.2%, measured against the baseline year of 2019. The company reported Scope 1 emissions of 323 CO2e (000 metric tonnes), Scope 2 location-based & market-based emissions of 1,218 & 1,177 (000 metric tonnes) respectively, and Scope 3 emissions of 61 (000 metric tonnes). Walgreens Boots Alliance has also implemented a reduction in the thickness of plastic wrap for its privately owned brand water bottle cases, resulting in the conservation of 204 metric tons of plastic during fiscal year 2022 sales.
Walgreens Boots Alliance has taken steps to reduce its emissions and collaborated with various stakeholders to find innovative solutions and reduce its environmental impact. The company has effectively eliminated all plastic packaging from its online deliveries, amounting to approximately 370 metric tonnes of plastic saved since 2018.
The company follows various frameworks and standards for emissions reporting, including the World Resources Institute/World Business Council for Sustainable Development Greenhouse Gas Protocol. It also utilizes the Global Reporting Initiative (GRI), Sustainability Accounting Standards Board (SASB), UN Global Compact reporting framework, and Taskforce for Climate-related Financial Disclosures (TCFD) for other metrics.
In conclusion, Walgreens Boots Alliance is dedicated to lowering its carbon emissions and committed to finding innovative ways to reduce its environmental impact. The company, including its subsidiary Boots, has set emission reduction targets and is actively working towards them. Walgreens' commitment to sustainability showcases its dedication to addressing environmental challenges.
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