METRO GROUP presents its achievements in sustainability at its Corporate Responsibility Report 2015/16

  • METRO GROUP shows with Corporate Responsibility Report 2015/16 improvements in sustainability
  • Stakeholder survey and materiality analysis bases for the report
  • Independent auditing of the report to emphasize transparency and credibility

Düsseldorf/Berlin, 2016-Dec-22 — /EPR Retail News/ — Since 2010, METRO GROUP has subscribed to the principles of the UN Global Compact, a United Nations-led global initiative that aims to encourage businesses to adopt universal sustainability principles. By subscribing to the United Nations Global Compact, METRO GROUP has committed itself to continuous improvements in the areas of human rights, labour standards, environmental protection and anti-corruption measures. With the Corporate Responsibility Report 2015/16 at hand, METRO GROUP informs about measures and improvements that have been reached in the field of sustainability during the latest financial year. Besides METRO GROUP’s and its sales lines’ sustainability guidelines, numerous examples can be found for how the theme of sustainability is anchored in the daily business. That’s how METRO GROUP is today already acting for tomorrow.

We have set clear priorities in the last several years and are happy to see the progress and success we’ve already reached. Together with our employees, customers and partners, we continue to focus on the issues that make a real difference in sustainability. „Materiality“ is therefore also the guiding theme of this year’s Corporate Responsibility Report – because we want to engage most intensively in the topics that are most essential to all stakeholders.“ states Heiko Hutmacher, as member of the management board responsible for sustainability. The focus on the essential is also what ultimately unites the protagonists featured in this report. METRO GROUP introduces people who not only develop sustainable ideas, but who, through their dedication, also motivate others to contribute to sustainability.

This Corporate Responsibility Report 2015/16 was prepared in accordance with the guidelines of the Global Reporting Initiative (GRI G4) and fulfils the “Core” option. To emphasize the credibility and transparency of the sustainability reporting, all contents of the Corporate Responsibility Report 2015/16 have undergone an audit by KPMG AG Wirtschaftsprüfungsgesellschaft in accordance with ISAE 3000.

METRO GROUP is one of the most important international retailing companies. It generated sales of some €58 billion in financial year 2015/16. The company operates at more than 2,000 locations in 29 countries and employs some 220,000 people. The performance of METRO GROUP is based on the strength of its sales brands, which act independently on the market: METRO/MAKRO Cash & Carry, the international leader in the self-service wholesale trade; Media Markt and Saturn, the European market leader in consumer electronics retailing; and Real hypermarkets.

More information is available at www.metrogroup.de

Contact:
METRO AG
Corporate Communications
Metro-Straße 1
40235 Düsseldorf

Phone +49 (0) 211 68 86-42 52
Fax +49 (0) 211 68 86-20 01

www.metrogroup.de
presse@metro.de
@Metro_Comms

Source: METRO GROUP

METRO AG signs corporate declaration on Climate Action Plan 2050 for Germany

  • The Plan falls in line with METRO GROUP’s own climate action goals for 2030 and with the goals of the Paris Climate Change Conference
  • Strong signal for an ambitious and concrete Climate Action Plan that offers sufficient planning security for companies
  • Climate action creates jobs and makes companies fit for the future
  • 41 companies and associations from industry and trade sign Climate Action Plan Declaration

Düsseldorf, 2016-Nov-08 — /EPR Retail News/ — METRO AG, together with 40 companies and associations from industry and trade, signed a corporate declaration on the draft of the Climate Action Plan 2050 for Germany. With this move, METRO GROUP not only supports the efforts for enhanced energy efficiency in Germany, but also consistently pursues its own commitment to climate protection. According to its climate protection goal for 2030 announced in late 2015, METRO GROUP plans to curb its carbon dioxide output per square meter of sales floor by 50 percent as compared to 2011 by means of company-wide energy efficiency measures, use of natural coolants and in-house production of renewable energy.

“The responsible use of natural resources to protect the climate represents a central element of our sustainability strategy. We are convinced that climate action in addition also creates jobs and enhances the competitiveness and sustainability of companies”, says Heiko Hutmacher, Chief Human Resources Officer of METRO AG and board member responsible for Sustainability. “For us, signing the Climate Action Plan 2050 Declaration is, to some extent, also a confirmation of our own ambitious climate action targets and of our efforts in this field to date”.

METRO GROUP this year again made it to the top rankings for the retail sector of the leading international indices Dow Jones Sustainability World and Europe. Moreover, it is also the sector leader of the “Carbon Disclosure Project 2016 Consumer Goods” in the DACH region. Energy saving investments, especially into modern and highly efficient lighting fixtures, use of daylight and refrigeration units as well as meanwhile more than 100 wholesale stores using CO2 refrigeration technology and the extension of photovoltaic systems on the roofs of wholesale stores in China, Turkey, Germany, Spain and Italy, have contributed to this achievement. In the financial year 2015/16 just ended, METRO was able to launch its first “green cash & carry store” in Dongguan, China. In the Russian city of Nizhny Novgorod, the company is operating a combined heat and power plant in cooperation with EON. A few weeks ago, METRO Cash & Carry Germany, Real, Media-Saturn and further METRO GROUP entities, together with Galeria Kaufhof, founded the energy efficiency network “Handel im Wandel” (retail in transition) with the aim of saving 100 gigawatt hours until 2018.

The Climate Action Plan is to give companies a basis for action to become international leaders with sustainable innovations and to thereby optimally use the economic opportunities offered by climate action. METRO AG, together with the supporters and co-signatories of the declaration, states that companies need planning security to be able to move forward in terms of climate action and energy transition. That is why it is important that the Climate Action Plan with its clear climate target is aimed at the upper end of the present target sector of an 80 to 95 per cent reduction of the greenhouse gas emissions until 2050. Moreover, sector targets for 2030 should be specified to allow for the development of concrete decarbonisation plans and new business models. In addition, the declaration stipulates that the Climate Action Plan should draw the pathway to a significantly enhanced energy efficiency and a quick shift towards 100 per cent renewable energy.

The statement endorsed by 41 companies and trade associations will be published on 9 November in view of the planned cabinet resolution on the Climate Action Plan and just ahead of the entry into force of the Paris Agreement on 4 November.

METRO GROUP W&FS Co.

The METRO GROUP Wholesale & Food Specialist Company (W&FS Co.) is an internationally leading specialist in wholesale and food retail. With its sales lines METRO Cash & Carry and Real as well as its other associated companies, METRO GROUP W&FS Co. operates in 35 countries and employs more than 112,000 people around the world. In 2014/15, METRO GROUP W&FS Co. achieved sales of around €37 billion. The company provides custom solutions to meet the regional and international needs of its wholesale and retail customers.

For more information, please visit www.metrogroup.de

Contact:
METRO AG
Corporate Communications
Metro-Straße 1
40235 Düsseldorf

Phone +49 (0) 211 68 86-42 52
Fax +49 (0) 211 68 86-20 01

www.metrogroup.de
presse@metro.de
@Metro_Comms

Source: METRO GROUP

METRO GROUP announces early extension of existing agreement with German Federation of the Tafel food banks

Düsseldorf, 2016-Sep-24 — /EPR Retail News/ — At today’s ( 22 September 2016) reception on the Day of the Tafel Food Bank, METRO GROUP underscored the high priority of its partnership with the German Federation of the Tafel food banks through an early extension of the existing agreement until 2020. With this move, METRO shows its appreciation for a cooperation that has already been running successfully for a decade. The annual Day of the German Tafel Food Banks, a meeting of representatives from the non-profit Tafel organisation as well as friends and sponsors from charities, politics and industry, is held to draw attention to the concerns and achievements of the Tafel food banks, thank its sponsors and donors, and attract new support.

The German Food Bank Federation Deutsche Tafel e.V. acts as the umbrella organisation for the local Tafel food banks in Germany – in total more than 900 across the nation. As its main financial sponsor, METRO GROUP has been supporting the federation in the operation of a professional organisation and in establishing a European network since January 2006. The cooperation with the European Federation of Food Banks, or FEBA for short, will be also pushed forward. For more than 20 years, the sales lines METRO Cash & Carry and Real have been donating food to support the work of the local Tafel food banks on a daily basis. Donations involve products that are still of perfect quality, but can no longer be sold at the stores on account of their approaching best before date.

Heiko Hutmacher, Member of the Management Board and Chief Human Resources Officer of METRO AG, commented: “Retail is a sector that contributes to social cohesion and we at METRO GROUP live up to our responsibilities as a corporate citizen. That is why we are happy and proud that our partnership with the German Federation of the Tafel food banks has been so successful. This is also evident from the fact that our employees, through their personal engagement, organize activities that invite our staff members to get actively involved.” This week, for example, staff working at the METRO Campus in Düsseldorf collected non-perishable food and sanitary products that will be donated to the local Tafel food bank in Düsseldorf as additional support.

One event that has already become a “classic” is the Christmas Charity Meal. For more than a decade, METRO has been offering an entertaining and festive atmosphere for the homeless and people in need of the Düsseldorf Tafel organisation. The food is brought from the company´s canteen and helpful employees take on the service tasks. They organise the processes at the serving counter, serve the food and distribute small seasonal gifts.

METRO GROUP is one of the most important international retailing companies. It generated sales of some €59 billion in financial year 2014/15. The company operates over 2,000 locations in 29 countries and employs more than 220,000 people. The performance of METRO GROUP is based on the strength of its sales brands, which act independently on the market: METRO/MAKRO Cash & Carry, the international leader in the self-service wholesale trade; Media Markt and Saturn, the European market leader in consumer electronics retailing; and Real hypermarkets.

For more information, please visit www.metrogroup.de.

Contact:
METRO AG
Corporate Communications
Metro-Straße 1
40235 Düsseldorf

Phone +49 (0) 211 68 86-42 52
Fax +49 (0) 211 68 86-20 01

www.metrogroup.de
presse@metro.de
@Metro_Comms

METRO GROUP’s planned demerger into two independent and stock-listed retail companies underway

Düsseldorf, 2016-Sep-06 — /EPR Retail News/ —  After the successful completion of the analysis phase, the planned demerger of METRO GROUP into two independent, strong and stock-listed retail companies is taking concrete shape: the necessary details with regard to corporate law, tax law and the respective capital structure of the two entities were clarified. Today (5 September 2016), the Management Board of METRO AG, after completion of the reviews, has decided to start with the preparations required for a demerger of METRO GROUP. The Supervisory Board approved the plans on the occasion of an extraordinary meeting held on Monday. Effective from 30 September, the group will be split into two organizationally separate entities on a pro-forma basis.

“In the past months we have intensively analysed the planned split of our group into two strong and focused trading companies”, said Olaf Koch, Chairman of the Management Board of METRO AG. “Now, we are creating the first important prerequisites and will implement the according actions. With the organisational separation, we are taking the first major step towards creating a leading international Wholesale and Food Specialist as well as the European market leader for Consumer Electronics products and services. The developments of the past few months have confirmed our belief that these two entities with hardly any operational overlaps and synergies will be even more successful when operating independently”.

Technically, the group split is achieved by spinning off and separate the Wholesale and Food business (METRO Cash & Carry and Real) as well as other related entities and business activities such as logistics, IT and real estate. The remaining group activities will essentially comprise the roughly 78% majority shareholding in Media-Saturn as well as other affiliated companies.

At the same time, the following key personnel decisions for both new entities are intended: Jürgen B. Steinemann is to retain his mandate as Chairman of the Supervisory Board of METRO AG for the future Wholesale and Food Specialist Group and Jürgen Fitschen, member of the Supervisory Board of METRO AG since 2008, is to assume the office of Chairman of the Supervisory Board of the future Consumer Electronics company. For the positions of Management Board of the Wholesale and Food Group following proposals have been made:

· Chief Executive Officer (CEO): Olaf Koch, as already communicated
· Chief Financial Officer (CFO): Christian Baier, currently CFO METRO Cash & Carry
· Chief Operating Officer (COO): Pieter Boone, currently Member of the Management Board of METRO AG, responsible for METRO Cash & Carry
· Chief Human Resources Officer (CHRO): Heiko Hutmacher; currently Member of the Management Board and CHRO of METRO AG

Following proposals have been made for the Management Board of the Consumer Electronics unit:

· Chief Executive Officer (CEO): Pieter Haas, as already communicated
· Chief Financial Officer (CFO): Mark Frese; currently Member of the Management Board and CFO of METRO AG
· Chief Legal and Compliance Officer (CLCO): Dieter Haag Molkenteller, currently Group Director Legal Affairs & Compliance METRO AG

All Management Board positions have to be approved by the respective Supervisory Boards, the actual confirmation is under the usual reserve of the annual general meeting or relevant supervisory board.

In parallel, METRO GROUP defined the business strategies for the two future entities and also developed clear capital and tax structures for them. The demerger concept was already aligned with the tax authorities. It is expected, that both groups will maintain the “investment grade” rating. An increase in the capital stock of METRO AG is not planned. To strengthen the capital base of the Consumer Electronics company, a 10% shareholding in the Wholesale and Food business is envisaged. In the same way, almost all existing financial liabilities of the group are to be assumed by the Wholesale and Food company. “The new capital structure will give both entities the necessary stability and scope for further growth. Both companies will be endowed with sufficient liquidity”, said Olaf Koch.

In late March 2016, the Management Board of METRO AG had announced that it would examine a split of the group into a Wholesale and Food Specialist company and a company focused on Consumer Electronics products and services as the logical next step in the transformation of the group. Both companies are to be managed as separately listed stock corporations with their own distinct profile, management and Supervisory Boards. The underlying conviction is that, by focusing on their respective industry and customer segment, both companies will be able to develop larger growth perspectives. Both companies stay based in Düsseldorf.

METRO GROUP is one of the most important international retailing companies. It generated sales of some €59 billion in financial year 2014/15. The company operates over 2,000 locations in 29 countries and employs more than 220,000 people. The performance of METRO GROUP is based on the strength of its sales brands, which act independently on the market: METRO/MAKRO, the international leader in the self-service wholesale trade; Media Markt and Saturn, the European market leader in consumer electronics retailing; and Real hypermarkets.

For more information, visit www.metrogroup.de

Contact:
METRO AG
Corporate Communications
Metro-Straße 1
40235 Düsseldorf

Phone +49 (0) 211 68 86-42 52
Fax +49 (0) 211 68 86-20 01

www.metrogroup.de
presse@metro.de
@Metro_Comms

Source: Metro Group

METRO GROUP returns to the ranks of the world’s sustainability leaders in retailing with its inclusion in Dow Jones Sustainability World Index

Düsseldorf, Germany, 2014-9-23— /EPR Retail News/ — METRO GROUP is returning to the ranks of the world’s sustainability leaders in retailing. From today, the Düsseldorf-based company with its sales lines METRO Cash & Carry, Media-Saturn, Real and Galeria Kaufhof will be relisted on the leading international sustainability index Dow Jones Sustainability World, the rating agency RobecoSAM has announced. With a significantly higher score of 71 points in this year’s rating (previous year: 60), the METRO AG share will also be added to the Dow Jones Sustainability Europe Index.

“Our inclusion in two of the internationally important sustainability indices demonstrates that we are on the right track with our sustainable business practices,” said Heiko Hutmacher, responsible for Sustainability in METRO AG’s Management Board. “I am particularly pleased that we cleared the hurdles for inclusion in the Dow Jones index for Europe. This motivates us and serves as affirmation of our environmental and social commitment.”

The Dow Jones Sustainability Indices include those companies that represent the best environmental, social and economic performers in their particular industry. The DJSI World consists of about 10 per cent of the 2,500 largest companies for each industry listed in the S&P Global Broad Market Index. The DJSI Europe is made up about 20 per cent of the 600 largest companies for each industry in Europe. The basis for inclusion in these indices is an analysis of companies’ sustainability strategies and programmes that is conducted by the independent agency RobecoSAM.

In 2012, the METRO GROUP share was temporarily removed from the DJSI World after 12 consecutive years of membership of the well-known index. “Over the past two years, we deliberately took the time we needed to review and transform all of our sustainability-related activities,” Hutmacher said. “This hard work and our re-energised efforts have now paid off. I would like to thank all colleagues involved in the work. We also understand that sustainable actions are not a one-off event. Rather, they involve a process that must be constantly enhanced, improved and modified. This is the declared goal of METRO GROUP.”

The analysts highlighted the retail company’s commitment to the environmental and social aspects of sustainability. A positive assessment was made about trends in such key environmental performance indicators as greenhouse gases, energy and water consumption, and volume of waste, among other things. METRO GROUP was listed as the best company in its industry in the area of labour practice indicators, the observation of human rights and human-capital development.

In developing its sustainability strategy, METRO GROUP has used the company assessment related to the Dow Jones indices as its guide for many years. Most recently, the company announced at its Annual General Meeting in February 2014 that the issue of sustainability would play a key role in Management Board compensation beginning in financial year 2013/14. Under the Sustainable Performance Plan (SPP), 25 per cent of the long-term incentive component of Management Board remuneration will be tied to the achievement of sustainability targets alongside key performance indicators based on the company’s share price. The amount of the long-term incentive related to the sustainability components is linked to the ranking that METRO AG achieves in the RobecoSAM sustainability ranking in comparison with competitors in its industry. Compensation for the senior management of METRO GROUP around the world has also been modified in this manner.

METRO GROUP is one of the most important international retailing companies. During the financial year 2012/13 (pro forma), it generated sales of about €66 billion. The company operates around 2,200 stores in 31 countries and has a headcount of around 250,000 employees. The performance of METRO GROUP is based on the strength of its sales brands that operate independently in their respective market segments: METRO/MAKRO Cash & Carry – the international leader in self-service wholesale – Media Markt and Saturn – the European market leader in consumer electronics retailing – Real hypermarkets and Galeria Kaufhof department stores.

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