In FY2024, we saw significant growth in employee participation in our Corporate Volunteering Program. Employees say they find volunteering very fulfilling, and they appreciate PriceSmart creating opportunities for them to give back.

Many PriceSmart employees also volunteer with PriceSmart Foundation, which underscores the importance of the symbiotic relationship between the two entities and feeds into a virtuous cycle, because happy, engaged employees perform better.

A significant undertaking in FY2024 was refreshing our materiality analysis, a process that helped us better identify the topics most important to our stakeholders. This, in turn, helps ensure that PriceSmart’s sustainability activities are targeted and efficient.

One of the things we’ve come to appreciate is that reporting on sustainability issues is making us a better company. Gathering the data we report and assuring its integrity has helped us identify gaps and see opportunities to improve. The process of collecting the data has also become more efficient.

In FY2025, we will continue to expand our communication campaign to integrate sustainability throughout our organization and raise awareness of our efforts internally and externally. Reporting on our sustainability activities has pushed us to quantify the benefits they deliver, which in turn makes the stories we share more compelling and powerful.