Jun 28, 2019   SOURCE: BusinessWire

Rite Aid Releases Inaugural Corporate Social Responsibility Report Demonstrating Commitment to CSR Initiatives

With a continuous commitment to the promotion and execution of socially responsible company management, Rite Aid has released its inaugural corporate social responsibility report. The report highlights the company’s latest accomplishments with respect to the economic, environmental and social issues related to our business. The framework for the report was based on guidance from the Sustainability Accounting Standards Board (SASB) as well feedback from key internal and external stakeholders.

The report addresses the areas of governance in corporate social responsibility, data security, environmental sustainability, supply chain sustainability, health and wellness, including healthcare access, workplace environment, community involvement and workplace diversity and inclusion. Additionally, the report outlines Rite Aid’s commitment to continually evaluating and enhancing the company’s processes to provide the communities it serves with the highest level of value based care possible.

“As a retail healthcare company that operates in many communities throughout the country and engages with millions of patients and customers through our various lines of business, we believe we’re in a unique position to make a meaningful difference in the lives of our customers, associates and neighbors,” said John Standley, CEO, Rite Aid. “Now more than ever, we are dedicated to integrating sustainable Environmental, Social and Governance (ESG) initiatives into our operations and expanding the scope of these initiatives.”

Key highlights from the report include the company’s initiatives to drive energy efficiency and waste minimization, manage controlled substances, combat the nation’s opioid crisis and eliminate undesirable chemicals from the products it sells.

Rite Aid works to continuously improve the health and wellness of the communities it serves. With 51,000 associates, 2,366 retail locations in 18 states, and a full service pharmacy benefit management company, EnvisionRxOptions, the company is actively engaged in seeking innovative methods of serving its key stakeholders that prioritize economic, environmental and social responsibility. Rite Aid’s corporate social responsibility report, can be found here.

About Rite Aid Corporation

Rite Aid Corporation (NYSE: RAD) is one of the nation's leading drugstore chains with fiscal 2019 annual revenues of $21.6 billion. Information about Rite Aid, including corporate background and press releases, is available through the company's website at www.riteaid.com.