Monro, Inc. has recently published its fourth annual Environmental, Social, and Governance (ESG) report, highlighting the company's efforts in integrating ESG factors into its corporate decision making and strategy for the fiscal year 2024.
In the report, Monro, Inc. emphasized its focus on governance improvements, teammate initiatives, and energy efficiency. The company completed its first ESG materiality analysis through engagement with investors, the board, and leaders across its stores and management.
Regarding teammate initiatives, Monro, Inc. continued to invest in teammate engagement, development, and safety through new feedback and training sessions for district managers, along with improvements to safety training and reporting processes.
The report also detailed the company's progress in its community engagement strategy, leveraging partnerships, guest involvement, and teammate engagement to deliver meaningful support to Monro communities.
One significant environmental highlight from the report was Monro's progress towards its goal of achieving 100% LED lighting in its stores by 2028.
Monro's "2024 ESG report" aligns with certain metrics of the Sustainability Accounting Standards Board's (SASB) multiline & specialty retailers and auto parts industries.
Looking at the financial aspect, Monro, Inc. generated approximately $1.3 billion in sales in fiscal 2024. The company continues to expand its national presence through strategic acquisitions and the opening of newly constructed stores, operating across approximately 1,300 stores and 9,000 service bays nationwide.
The report is available on Monro's corporate website, providing detailed insights into the company's efforts and progress in integrating ESG factors into its business operations. The market has reacted to these announcements by moving the company's shares -1.6% to a price of $23.43. If you want to know more, read the company's complete 8-K report here.
