Friends Fiduciary has filed a shareholder proposal with The Kroger Company, requesting that Kroger, above and beyond existing disclosures, issue a report describing whether and, if so, how it will increase the scale and pace of its GHG emissions reduction efforts. The report should be updated annually, prepared at reasonable expense, and omit proprietary information.
Climate change significantly affects food retail operations and supply chains, yet Kroger has not detailed quantitative pathways for achieving its Scope 1 and 2 targets or addressed its significant Scope 3 emissions. This places the company behind peers in emissions disclosure and strategy. As climate risk is undiversifiable, Kroger’s inaction may impact diversified shareholders. The proposal request is flexible and not unduly burdensome.
We appreciate Kroger’s continued willingness to engage with investors. As long-term investors we are not requiring an additional report or a target but are rather seeking any additional information Kroger can share on its strategy to continue progress towards its scope 1 and 2 targets and any efforts to reduce its scope 3 emissions. We’re seeking for Kroger to demonstrate its own planning and strategy to reduce emissions and avoid supply chain disruptions, supporting investors’ long-term portfolio returns by joining the effort to address the systemic threat of climate change.
The letter to shareholders in support of the proposal can be found here and the shareholder proposal is Item 5, included on page 88, in the company proxy statement found here. Kroger’s annual general meeting is on June 25, 2026.