Annual Report 2020

Align our impact with UN Sustainable Development Goals

Building a sustainable future is a common goal that needs to be embraced by individuals, governments and corporations alike to be successful. As an industry leader, at GrandVision, our role and responsibilities are to contribute and adopt a common language and ESG metrics to actively participate in the discussion, compare progress and define important shared goals.

This also means we align our strategies and vision with the UN Sustainable Development Goals (SDGs) and targets. We analyzed all 17 SDGs and relevant 169 sub-targets and KPIs that relate to our business model and core activities. These include strategic sourcing and procurement, manufacturing and global retail operations.

In accordance with our long-term value creation ambitions and our core optical retail activities, we identified the greatest potential to make a positive impact through UN goals SDG 3 (good health and well-being); and SDG 8 (decent work and economic growth). As a retailer and a manufacturer, we recognize the greatest potential for mitigating negative impact at scale in SDG 7 (clean and affordable energy); and SDG 12 (responsible consumption and production).

Additionally in 2021, we will enhance our contribution to SDG 5 (achieve gender equality and empower all women and girls) and SDG 10 (reduce inequalities). You can read more about these goals in section 1.3 'Our inclusive, diverse and ethical work environment' in this report.

The UN SDGs table and details in this section explain how we contribute to each of the four SDG goals. You can also find a connectivity table in our Transparency Appendix that links these goals to our business, and CSR integration targets and KPIs. We highlight our sustainability performance and progress to promote transparency for internal and external stakeholders.

SDG 3: Ensure healthy lives and promote well-being for all ages (sub-targets 3.8, 3C and 3.6)

We directly improve access to high-quality and affordable eyecare by operating a physical optical store network of 7,200+ stores, supported by a strong omnichannel and e-commerce presence, and 39K+ employees, including highly-qualified eyecare specialists. In addition, our apprenticeship programs attract and train young eyecare professionals worldwide such as in developing countries. And we also raise awareness for good vision on the road through driver safety programs and donate free eyecare and eyewear to those who cannot afford it.

SDG 8: Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all (sub-targets 8.2, 8.6 and 8.8)

Following our People & Culture strategy, we create high-quality, permanent and fairly-paid employment opportunities within GrandVision and throughout our supply chain, which contribute to the sustainable growth of local economies and labor markets. Read section 1.3 'Our inclusive, diverse and ethical work environment' for more information. We strongly support our diverse workforce and believe in equal opportunities for all. This includes all people-related operations and is supported by our Anti-Discrimination and Equality, Human Rights and Diversity Policies for our Supervisory and Management Boards.

We reduce potential negative effects by integrating international anti-corruption, social and environmental business standards into our own, as well as our suppliers’ purchasing processes, which is reflected in our GrandVision Code of Conduct.

We also pursue a transparent and responsible tax strategy and pay all applicable taxes, which contributes to the economic growth of the countries in which we operate.

SDG 7: Provide access to affordable, reliable, sustainable and modern energy for all (sub-targets 7.2 and 7.3)

As a retailer with a global footprint, we consume energy on a large scale. This is why we aim to reduce our energy consumption and set targets to improve our operational energy efficiency.

SDG 12: Ensure sustainable consumption and production patterns (sub-target 12.5)

As an optical product manufacturer, we strive to reduce the carbon footprint of our manufacturing and transportation processes, as well as our manufacturing sites and store network. In addition, we reduce waste streams by making more efficient use of energy, packaging and materials and better manage products' 'end-of-life,' through recycling and second life programs, for example.