Frameworks, Standards and Disclosures

Robust sustainability reporting helps stakeholders understand how we manage ESG-related risks and opportunities, support informed decision-making and create long-term value.

Our reporting approach is informed by recognised frameworks, standards and regulatory requirements. As sustainability expectations continue to evolve, we monitor emerging developments and assess their relevance to our business, strategy and disclosures.

The Global Reporting Initiative (GRI) Standards are among the most widely used sustainability reporting standards globally. They provide a framework for organisations to report on their environmental, social and governance impacts in a transparent, comparable and credible manner.

Asda has reported with reference to the GRI Standards within its ESG reporting, helping stakeholders understand our approach, priorities and performance across the topics most relevant to our business and stakeholders.

Further Reading

• ESG Report 2024

• ESG Report 2023 [corporate.asda.com], [asdagrocer...scene7.com]

• https://www.globalreporting.org/standards/

Climate change presents both risks and opportunities for businesses, customers and supply chains. The TCFD framework provides a structured approach to understanding and disclosing climate-related governance, strategy, risk management and performance.

Asda publishes climate-related disclosures which explain how climate-related risks are overseen, managed and considered within the business. Climate risk is overseen through established governance processes, including the ESG Steering Committee.

Further Reading

• Annual Report & Financial Statements

Nature underpins the resilience of food systems, supply chains and agricultural production. The TNFD framework supports organisations in understanding their impacts and dependencies on nature and how these may create risks and opportunities over time.

While Asda does not currently publish dedicated TNFD disclosures, we continue to build our understanding of nature-related topics through our work on biodiversity, sustainable agriculture, water stewardship and responsible sourcing. These areas support the long-term resilience of our value chain and inform our broader approach to environmental sustainability.

Further Reading

• Water Sensitive Farming Initiative Report

• Simply Sustainable Biodiversity

• Simply Sustainable Water

• Protecting Endangered, Threatened and Protected Species in Fishing

The International Sustainability Standards Board (ISSB) has established a global baseline for sustainability-related financial disclosures through IFRS S1 and IFRS S2.

These standards seek to improve the consistency, comparability and decision-usefulness of sustainability disclosures by bringing sustainability considerations closer to financial reporting and enterprise value creation.

Asda continues to monitor developments in sustainability reporting standards and evolving stakeholder expectations through its governance and horizon-scanning activities.

Further Reading

• https://www.ifrs.org/issb/

SECR promotes greater transparency around energy consumption, greenhouse gas emissions and energy efficiency activities.

Asda publishes SECR disclosures to provide visibility of carbon emissions and energy performance, supporting transparent reporting of our environmental impact.

Further Reading

• SECR Summary 2024

• SECR Summary 2023

Strong governance, ethical business conduct and responsible sourcing remain fundamental to how we operate.

We recognise the importance of protecting human rights, addressing risks of modern slavery and promoting responsible practices throughout our operations and supply chains. These topics form part of our Responsible Business Fundamentals ESG priority area.

Further Reading

• Human Rights Policy

• Modern Slavery Statement

• Supplier Relations Standards for Suppliers

• Transparency & Supply Chain Monitoring Policy

Our ESG reports provide insight into our approach, priorities and performance across environmental, social and governance topics, including climate, nature, waste, health and responsible business practices.

These reports help stakeholders understand how ESG considerations are integrated into our business and our progress against key commitments and objectives.

Further Reading

• ESG Report 2024

• ESG Report 2023

• ESG Report 2022

The United Nations Sustainable Development Goals (SDGs) provide a globally recognised framework for addressing social, environmental and economic challenges.

Asda's ESG priorities contribute to a number of SDGs, particularly those relating to climate action, responsible consumption and production, health and wellbeing, sustainable communities, responsible sourcing and partnerships. The SDGs help provide a broader context for understanding the positive impact our ESG programme seeks to create.

Further Reading

• https://sdgs.un.org/goals

• ESG Reports

Sustainability reporting continues to evolve, with increasing focus on climate resilience, nature-related impacts, supply chain transparency, circular economy principles and sustainability-related financial disclosures.

Through our ESG governance framework, materiality assessment process and ongoing horizon scanning, we seek to understand emerging developments and assess how they may influence our future priorities, disclosures and decision-making.

Related Resources

• ESG Strategy & Reports

• Investor Relations