Asda has announced a continued strong performance in its ESG rating score, following an external assessment by financial services ratings’ agency Sustainable Fitch.
For the third consecutive year in a row, Asda received an entity rating of 3 (1 = excellent, 5 = poor) and an entity score of 57, matching last year’s result. The score from Sustainable Fitch takes into account “Asda’s continued efforts to mitigate material environmental and social impacts from its wide range of consumer products”.
An ESG rating is an external assessment of a company’s ESG performance and reflects how environmental and social initiatives are interwoven into the business strategy. The rating is relative to competitors and the wider industry, and a way for investors and all other interested parties to easily understand a company’s ESG profile, risks, and opportunities.
Asda was positively rated by Sustainable Fitch for its detailed disclosure of greenhouse gas emissions, with Asda praised for acting to reduce carbon emissions across all Scopes in the past three years. In 2024, Asda invested in two new Bio-LNG (liquefied natural gas) refuelling facilities, with this type of fuel a leading, lower carbon alternative to diesel. Asda operates the largest fleet of LNG fuelled trucks in the UK.
Similarly, Sustainable Fitch positively assessed Asda’s efforts to improve its products’ impact on consumer health – particularly Asda’s actions to increase the share of own-brand products that are lower in fat, salt and sugar, as well as its improvements to food nutrition labelling.
Michael Gleeson, chief financial officer at Asda, said: “We’re pleased that Sustainable Fitch has once again recognised our ESG performance for the third year in a row. We remain committed to improving the transparency of our reporting and embedding ESG considerations into our business strategy. By maintaining our score, we’re reinforcing to investors that responsible retailing remains a priority for us, and that we are focused on addressing the issues that matter most to our business.”
