Sustainability Report
The information in this report covers PriceSmart’s operations in the United States (our San Diego and Miami offices as well as the Miami Distribution Center) and the 12 countries and one U.S. territory in which the company operates: Aruba; Barbados; Colombia; Costa Rica; Dominican Republic; El Salvador; Guatemala; Honduras; Jamaica; Nicaragua; Panama; Trinidad; and the United States Virgin Islands. Although the content of this report has been prepared using the Global Reporting Initiative (GRI) Standards as a guideline, it is not in accordance with the GRI Standards. No external assurance has been sought specifically for this report. We have no restatements to disclose. Additional resources related to our sustainability reporting may be found on our investor website. In addition, we are reporting selected SASB disclosures for the Multiline and Specialty Retailers & Distributors and the Food Retailers & Distributors standards.
Welcome to our FY2024 Sustainability Report. During FY2024, we continued to build on our sustainability programs and practices, and we sought to fulfill our overarching objective to “do well by doing good.”
FY2024 marks our fourth year of sustainability reporting, and as our sustainability program has become more robust, we have made important strides in embedding sustainability into our corporate culture.
New in FY2024: El Poblado, Colombia Escuintla, Guatemala Santa Ana, El Salvador
PriceSmart is the largest operator of membership warehouse clubs in Central America, the Caribbean, and Colombia, serving 1.8 million accounts. We seek to set the standard for our peers in terms of our ESG performance, and to serve as a change agent, driving transformative progress in how companies in the region address environmental, social, and governance issues.
We drive membership value through a carefully curated selection of merchandise that is sourced both globally and locally and leverages the strength of our supply chain and purchasing power.
Always do the right thing
Treat co-workers, suppliers, and Members the way you want to be treated
Value all aspects of our work while putting Members first
Make things better every day
Deliver on commitments you make to your team and the company
Support and improve the communities we serve
To provide all Members an outstanding shopping experience with high-quality, exciting merchandise and services at the lowest possible prices.
To be the most trusted source for high-quality merchandise and services in the markets we serve.