Monro, Inc. Publishes Fourth Annual Environmental, Social, and Governance (ESG) Report

Rhea-AI Summary

Monro (Nasdaq: MNRO) has published its fourth annual ESG report for fiscal year 2024, emphasizing its commitment to environmental, social, and governance factors. Key highlights include the completion of its first ESG materiality analysis, enhanced Teammate engagement and safety programs, and a community engagement strategy. Notably, the company has made strides towards achieving 100% LED lighting in stores by 2028. CEO Mike Broderick stressed that these initiatives are designed to build a resilient and sustainable Monro, creating value for all stakeholders. The full report is available on Monro’s corporate website.

Positive

• Completed first ESG materiality analysis.
• Enhanced Teammate engagement and safety programs.
• Progress towards 100% LED lighting in stores by 2028.

Negative

• None.

Publication features focus on governance improvements, Teammate initiatives, and energy efficiency.

ROCHESTER, N.Y.--(BUSINESS WIRE)-- Monro, Inc. (Nasdaq: MNRO), a leading provider of automotive undercar repair and tire services, has released its fourth annual report dedicated to how environmental, social, and governance (ESG) factors are integrated into its corporate decision making and strategy. The publication, “2024 ESG Report,” covers efforts for fiscal year 2024.

This document highlights Monro’s ongoing efforts to foster an inclusive and thriving culture for its Teammates, deliver world-class service to its Guests, positively impact the communities where it operates, and make sustainable environmental decisions.

“By investing in our Teammates and providing exceptional service to our Guests – both factors that drive our business – we are building a more resilient Monro that creates sustainable value for all our stakeholders,” said Mike Broderick, Monro’s President and Chief Executive Officer. “We are excited about the opportunities that lie ahead, and we thank you for your continued support and partnership as we work to build a stronger and more responsible business.”

The report addresses Monro’s recent progress and notable highlights:

• Completed its first ESG materiality analysis through engagement with investors, the Board, and leaders across our stores and in management.
• Continued investment in Teammate engagement, development, and safety through new feedback and training sessions for District Managers and improved safety training and reporting processes.
• Progressed in a community engagement strategy that leverages partnerships, Guest involvement, and Teammate engagement to deliver meaningful support to Monro communities.
• Made progress towards our goal of 100% LED lighting in stores by 2028.

Monro’s “2024 ESG Report” maps to certain metrics of the Sustainability Accounting Standards Board’s (SASB) Multiline & Specialty Retailers and Auto Parts industries.

The publication is available on Monro’s corporate website at https://corporate.monro.com/esg/default.aspx.

About Monro, Inc.

Monro, Inc. (NASDAQ: MNRO) is one of the nation’s leading automotive service and tire providers, delivering best-in-class auto care to communities across the country, from oil changes, tires, and parts installation, to the most complex vehicle repairs. With a growing market share and a focus on sustainable growth, the Company generated about $1.3 billion in sales in fiscal 2024, and it continues to expand its national presence through strategic acquisitions and the opening of newly constructed stores. Across approximately 1,300 stores and 9,000 service bays nationwide, Monro brings customers the professionalism and high-quality service they expect from a national retailer, with the convenience and trust of a neighborhood garage. Monro’s highly trained teammates and certified technicians bring together hands-on experience and state-of-the-art technology to diagnose and address automotive needs every day to get customers back on the road safely. For more information, please visit https://corporate.monro.com/.

MNRO-Corp

View source version on businesswire.com: https://www.businesswire.com/news/home/20240618359995/en/

Investors and Media: Felix Veksler

Senior Director, Investor Relations

ir@monro.com

Source: Monro, Inc.

FAQ

What are the key highlights of Monro's 2024 ESG report?

The key highlights include completing the first ESG materiality analysis, enhancing Teammate engagement and safety programs, and making progress towards 100% LED lighting in stores by 2028.

What is the significance of Monro's first ESG materiality analysis?

The ESG materiality analysis helps Monro identify and prioritize ESG factors that are most important to its investors, Board, and management, guiding strategic decision-making.

How is Monro enhancing its Teammate engagement and safety programs?

Monro is improving Teammate engagement through new feedback and training sessions for District Managers, alongside enhanced safety training and reporting processes.

What environmental goals has Monro set in its 2024 ESG report?

Monro aims to achieve 100% LED lighting in its stores by 2028 as part of its commitment to sustainable environmental decisions.

Where can I find Monro's 2024 ESG report?

The full 2024 ESG report is available on Monro’s corporate website at https://corporate.monro.com/esg/default.aspx.