PriceSmart Announces the Release of its Fiscal Year 2024 Sustainability Report Highlighting Key Achievements on Sustainability
PriceSmart has released its 2024 Sustainability Report, showcasing significant progress in its ESG initiatives across operations in the United States, 12 countries, and one U.S. territory. The report focuses on four key pillars: People and Culture, Social and Community Engagement, Environmental Impact, and Responsible Sourcing.
Notable achievements include:
- 45 out of 54 clubs now operate rooftop solar arrays, generating 31,952 MWh of clean power (15.8% increase from FY2023)
- Expansion of Food Rescue & Giving Program to Trinidad and Tobago
- Enhanced community support through PriceSmart Foundation in Honduras, Guatemala, Colombia, and Jamaica
The warehouse club operator currently manages 55 locations and plans to open a new club in Quetzaltenango, Guatemala by summer 2025. This expansion will bring their total club count to 56, reinforcing their position as a leading membership shopping warehouse club in Latin America and the Caribbean.
PriceSmart ha pubblicato il suo Rapporto sulla Sostenibilità 2024, evidenziando notevoli progressi nelle iniziative ESG nelle sue operazioni negli Stati Uniti, in 12 paesi e in un territorio statunitense. Il rapporto si concentra su quattro pilastri fondamentali: Persone e Cultura, Impegno Sociale e Comunitario, Impatto Ambientale e Approvvigionamento Responsabile.
Tra i risultati più rilevanti:
- 45 club su 54 ora dispongono di impianti solari sul tetto, producendo 31.952 MWh di energia pulita (incremento del 15,8% rispetto all'anno fiscale 2023)
- Estensione del Programma di Recupero e Donazione Alimentare a Trinidad e Tobago
- Rafforzamento del supporto comunitario tramite la PriceSmart Foundation in Honduras, Guatemala, Colombia e Giamaica
L'operatore di club all'ingrosso gestisce attualmente 55 sedi e prevede di aprire un nuovo club a Quetzaltenango, Guatemala, entro l'estate 2025. Questa espansione porterà il totale a 56 club, consolidando la sua posizione di leader tra i club di acquisto con abbonamento in America Latina e nei Caraibi.
PriceSmart ha publicado su Informe de Sostenibilidad 2024, mostrando avances significativos en sus iniciativas ESG en operaciones en Estados Unidos, 12 países y un territorio estadounidense. El informe se centra en cuatro pilares clave: Personas y Cultura, Compromiso Social y Comunitario, Impacto Ambiental y Abastecimiento Responsable.
Logros destacados incluyen:
- 45 de 54 clubes ahora operan paneles solares en los techos, generando 31,952 MWh de energía limpia (un aumento del 15.8% respecto al año fiscal 2023)
- Expansión del Programa de Rescate y Donación de Alimentos a Trinidad y Tobago
- Mejora del apoyo comunitario a través de la Fundación PriceSmart en Honduras, Guatemala, Colombia y Jamaica
El operador de clubes mayoristas actualmente gestiona 55 ubicaciones y planea abrir un nuevo club en Quetzaltenango, Guatemala, para el verano de 2025. Esta expansión elevará el total a 56 clubes, reforzando su posición como líder en clubes de compras con membresía en América Latina y el Caribe.
PriceSmart가 2024 지속 가능성 보고서를 발표하며 미국, 12개국, 그리고 한 미국 영토 내 운영에서 ESG 이니셔티브의 중요한 진전을 보여주었습니다. 보고서는 사람과 문화, 사회 및 지역사회 참여, 환경 영향, 책임 있는 조달의 네 가지 핵심 축에 중점을 둡니다.
주요 성과는 다음과 같습니다:
- 54개 클럽 중 45개가 현재 옥상 태양광 발전소를 운영하며 31,952MWh의 청정 에너지를 생산(2023 회계연도 대비 15.8% 증가)
- 트리니다드 토바고로 식품 구조 및 기부 프로그램 확대
- 온두라스, 과테말라, 콜롬비아, 자메이카에서 PriceSmart 재단을 통한 지역사회 지원 강화
이 창고형 클럽 운영자는 현재 55개 지점을 관리하고 있으며 2025년 여름까지 과테말라 케찰테낭고에 새 클럽을 열 계획입니다. 이 확장으로 총 클럽 수는 56개가 되어 라틴 아메리카와 카리브해 지역에서 선도적인 멤버십 쇼핑 창고형 클럽으로서의 입지를 강화할 것입니다.
PriceSmart a publié son Rapport de Durabilité 2024, mettant en lumière des progrès significatifs dans ses initiatives ESG à travers ses opérations aux États-Unis, dans 12 pays et un territoire américain. Le rapport se concentre sur quatre piliers clés : les Personnes et la Culture, l’Engagement Social et Communautaire, l’Impact Environnemental et l’Approvisionnement Responsable.
Parmi les réalisations notables :
- 45 clubs sur 54 disposent désormais de panneaux solaires sur les toits, générant 31 952 MWh d’énergie propre (augmentation de 15,8 % par rapport à l’exercice 2023)
- Extension du programme de récupération et de don alimentaire à Trinité-et-Tobago
- Renforcement du soutien communautaire via la Fondation PriceSmart au Honduras, Guatemala, Colombie et Jamaïque
L’opérateur de clubs-entrepôts gère actuellement 55 sites et prévoit d’ouvrir un nouveau club à Quetzaltenango, Guatemala, d’ici l’été 2025. Cette expansion portera leur nombre total de clubs à 56, renforçant ainsi leur position de leader parmi les clubs-entrepôts à adhésion en Amérique latine et dans les Caraïbes.
PriceSmart hat seinen Nachhaltigkeitsbericht 2024 veröffentlicht, der bedeutende Fortschritte bei seinen ESG-Initiativen in den Betrieben in den USA, 12 Ländern und einem US-Territorium zeigt. Der Bericht konzentriert sich auf vier zentrale Säulen: Menschen und Kultur, Soziales und Gemeinschaftliches Engagement, Umweltauswirkungen und Verantwortungsbewusste Beschaffung.
Bemerkenswerte Erfolge umfassen:
- 45 von 54 Clubs betreiben jetzt Solaranlagen auf den Dächern und erzeugen 31.952 MWh sauberen Strom (15,8 % Steigerung gegenüber dem Geschäftsjahr 2023)
- Ausweitung des Food Rescue & Giving Programms auf Trinidad und Tobago
- Verbesserte Gemeinschaftsunterstützung durch die PriceSmart Stiftung in Honduras, Guatemala, Kolumbien und Jamaika
Der Betreiber der Warenhäuser verwaltet derzeit 55 Standorte und plant, bis Sommer 2025 einen neuen Club in Quetzaltenango, Guatemala, zu eröffnen. Diese Expansion wird die Gesamtzahl der Clubs auf 56 erhöhen und damit die Position als führender Mitgliedschafts-Einkaufsclub in Lateinamerika und der Karibik stärken.
- 45 out of 54 clubs (83%) now operate with rooftop solar arrays, generating 31,952 MWh of clean power
- 15.8% increase in clean power generation from FY2023
- Planned expansion with new warehouse club opening in Quetzaltenango, Guatemala by summer 2025
- Strong geographical diversification across 12 countries and one U.S. territory
- Expanded Food Rescue & Giving Program to new market (Trinidad and Tobago)
- Increased costs associated with online commerce integration
- Exposure to currency exchange volatility and illiquidity in local markets
- Political and economic risks in international markets
- Supply chain interruption risks
- Cybersecurity vulnerabilities affecting member and business data
The 2024 Sustainability Report details PriceSmart's progress in environmental, social, and governance ("ESG") initiatives. It is structured around four key pillars that form the foundation of our sustainability strategy: Responsibility Toward People and Culture, Social and Community Engagement, Environmental Impact, and Responsibly Sourced Food, Products, and Services.
This year's report highlights our renewed focus on the most important topics for our stakeholders, our commitment to our employees and communities, and our efforts to reduce our environmental footprint while ensuring responsible sourcing practices.
Key Highlights from the FY2024 Sustainability Report:
- Increased renewable energy adoption, with 45 of 54 clubs operating rooftop solar arrays, generating 31,952 MWh of clean power, a
15.8% increase from FY2023. - Expanded PriceSmart's Food Rescue & Giving Program into the
Caribbean , addingTrinidad and Tobago as the ninth country served by the program. - Strengthened community engagement through the PriceSmart Foundation, which supports nonprofit organizations and community projects in
Honduras ,Guatemala ,Colombia , andJamaica .
Access the full Sustainability report at https://investors.pricesmart.com under the ESG tab.
About PriceSmart
PriceSmart, headquartered in
This press release may contain forward-looking statements concerning PriceSmart, Inc.'s ("PriceSmart", the "Company" or "we") anticipated future revenues and earnings, adequacy of future cash flows, future dividends, omni-channel initiatives, proposed warehouse club openings, the Company's performance relative to competitors and related matters. These forward-looking statements include, but are not limited to, statements containing the words "expect," "believe," "will," "may," "should," "project," "estimate," "anticipated," "scheduled," "intend," and like expressions, and the negative thereof. These statements are subject to risks and uncertainties that could cause actual results to differ materially including, but not limited to: various political, economic and compliance risks associated with our international operations, adverse changes in economic conditions in our markets, natural disasters, volatility in currency exchange rates and illiquidity of certain local currencies in our markets, competition, consumer and small business spending patterns, political instability, increased costs associated with the integration of online commerce with our traditional business, whether the Company can successfully execute strategic initiatives, our reliance on third party service providers, including those who support transaction and payment processing, data security and other technology services, cybersecurity breaches that could cause disruptions in our systems or jeopardize the security of Member, employee or business information, cost increases from product and service providers, interruption of supply chains, novel coronavirus (COVID-19) related factors and challenges, exposure to product liability claims and product recalls, recoverability of moneys owed to PriceSmart from governments, and other important factors discussed in the Risk Factors section of the Company's most recent Annual Report on Form 10-K, and other factors discussed from time to time in other filings with the SEC, which are accessible on the SEC's website at www.sec.gov, including Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Forward-looking statements speak only as of the date that they are made, and the Company does not undertake to update them, except as required by law. In addition, these risks are not the only risks that the Company faces. The Company could also be affected by additional factors that apply to all companies operating globally and, in the
For further information, please contact Michael L. McCleary, EVP, Chief Financial Officer, and Principal Accounting Officer, at (858) 404-8826 or by email at ir@pricesmart.com.
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SOURCE PriceSmart, Inc.
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