Dollarama, Inc. | MINIMIZING ALL FORMS OF WASTE at Dollarama, Inc.

Status
Filed
AGM date
Previous AGM date
Proposal number
2
Resolution details
Company ticker
DOL
Lead filer
Mouvement d'éducation et de défense des actionnaires (MÉDAC)
Resolution ask
Adopt or amend a policy
ESG theme
  • Environment
ESG sub-theme
  • Waste and pollution
Filer type
Shareholder
Company sector
Consumer Discretionary
Company HQ country
Canada
Resolved clause
“It is proposed that Dollarama establish a policy to minimize waste in its operations by setting objectives and developing a formal action plan.”
Supporting statement
“This proposal raises an economic and strategic issue. Indeed, waste - whether material, energy-related or logistical - represents an unnecessary operating cost for the company. Several studies in the retail sector estimate that: • losses related to waste (unsold goods, breakage, overstocking, excessive packaging) can represent between 1% and 5% of revenue3 in certain chains; • waste-reduction measures often allow a direct improvement in profit margins, in addition to generating a positive impact on brand image. It is also a strategic issue. Dollarama, as a leader in low-price retailing, depends on a high-volume model, with complex logistics and thousands of points of sale. Comparable retailers (Walmart, Metro, Target, Carrefour) have put in place: • inventory loss-reduction programs, • policies on sustainable packaging, • and logistics optimization practices to reduce losses in warehouses or in transportation. Dollarama can reach these standards without compromising its business model. This proposal requires neither excessive disclosure nor complex certification standards. It simply aims at: • a well-structured internal policy, • with realistic objectives, voluntarily published, • and regular monitoring in the ESG report. It is a governance commitment, not a radical transformation. This proposal received the support of more than 20% of the votes at the last annual meeting.” 3Global Retail Theft Barometer

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