Żabka Group Contributed PLN 7 Billion To Polish Economy Last Year

By Steve Wynne-Jones
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Żabka Group Contributed PLN 7 Billion To Polish Economy Last Year

Polish retailer Żabka Group contributed PLN 7 billion (€1.57 billion) to the domestic economy last year, while also creating 56,000 jobs, it has revealed in its fifth annual Responsibility Report.

In the report, entitled Conveniently and Responsibly, Żabka outlined a number of achievements and actions undertaken as part of its ESG strategy in 2022, under four pillars, Sustainable lifestyle; Mindful business impact; Responsible organisation; and Green Planet.

'More Sustainable Living'

In a statement, the group said that all its 'activities take into account its commitment to create more sustainable living for everyone and everyday, while minimising its environmental impact across the value chain'.

Among its endeavours is an initiative to contribute to consumers' balanced diets by providing more nutritious, healthy on-the-go products, while elsewhere, as a response to the war in Ukraine, the group provided immediate humanitarian aid, including housing close to 350 refugees.

The report also includes information on how the retailer is working on implementing the Ten Principles of the United Nations Global Compact, in alignment with the guidelines on Communication on Progress (CoP), and its contribution to achieving the United Nations Sustainable Development Goals (UN SDGs).


Meeting Standards

Żabka said its report is aligned with the latest standards on non-financial reporting of the Global Reporting Initiative (GRI Standards) and the Sustainability Accounting Standards Board (SASB), while its climate disclosures follow the recommendations of the Task Force of Climate-related Financial Disclosures (TCFD), and its value model is based on the recommendations of the International Reporting Council (IRRC).

Elsewhere, Żabka said that it abides by the recommendations made in the World Economic Forum publication Measuring Stakeholder Capitalism.

Żabka Group comprises Żabka Polska, its retail business arm, Żabka Future, responsible for new investments, business development and technological tools, and a Strategic Leadership division.

Read More: Elżbieta Noga Sheds Light On Żabka Group's Private Label Success

© 2023 European Supermarket Magazine – your source for the latest retail news. Article by Stephen Wynne-Jones. Click subscribe to sign up to ESM: European Supermarket Magazine.

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