Asda has announced that it has maintained its Environmental, Social, and Governance (ESG) rating for the third consecutive year following an external assessment by financial services ratings agency Sustainable Fitch.
The supermarket giant received an Entity Rating of 3 (on a scale where 1 is excellent and 5 is poor) and an Entity Score of 57, matching its previous year's performance. The rating serves as a critical external benchmark for investors, validating the retailer's operational strategy to "mitigate material environmental and social impacts" across its supply chain and estate.
The Bio-LNG Strategy
A key driver behind the positive assessment was Asda’s transparent disclosure and reduction of greenhouse gas emissions across all Scopes over the past three years.
Sustainable Fitch specifically highlighted the retailer’s continued investment in logistics decarbonization. In 2024, Asda expanded its infrastructure with two new Bio-LNG (liquefied natural gas) refuelling facilities. This investment supports the operation of the largest fleet of LNG-fueled trucks in the UK, a transitional strategy designed to lower carbon output compared to traditional diesel logistics while long-haul electric infrastructure matures.
Health and Reformulation
On the 'Social' front, the rating acknowledged Asda’s efforts to improve the nutritional profile of its product portfolio. The assessment cited the increased share of own-brand products reformulated to be lower in fat, salt, and sugar (HFSS), alongside improvements in on-pack nutrition labelling to aid consumer decision-making.
Michael Gleeson, Chief Financial Officer at Asda, framed the consistent rating as a tool for maintaining capital market confidence.
“We’re pleased that Sustainable Fitch has once again recognised our ESG performance for the third year in a row,” Gleeson stated.
“We remain committed to improving the transparency of our reporting and embedding ESG considerations into our business strategy. By maintaining our score, we’re reinforcing to investors that responsible retailing remains a priority for us, and that we are focused on addressing the issues that matter most to our business.”
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