SpartanNash Publishes Corporate Responsibility Report, Emphasizing Commitment to People and Communities
Rhea-AI Summary
SpartanNash (Nasdaq: SPTN) has released its 2024 Corporate Responsibility Report, highlighting significant progress in employee-focused initiatives. The food solutions company achieved a 25% year-over-year reduction in Total Recordable Incident Rate (TRIR) to 2.0, with an 83% decrease in lost-time incidents since 2020.
Key achievements include a 7% reduction in turnover and a 4% increase in 90-day new hire retention compared to 2023. The company welcomed 106 interns from 38 colleges and implemented various employee development programs through partnerships with DiSC, Korn Ferry, LinkedIn Learning, and Skillsoft.
Notable initiatives include organizing a large-scale volunteer event packing 500,000 meals for natural disaster victims and launching a daycare subsidy program. The company earned recognition as a Great Place to Work®, U.S. News & World Report® Best Company to work for, and a Best & Brightest® Company to Work for in the nation.
Positive
- 83% reduction in lost-time incidents since 2020
- 25% year-over-year improvement in safety incidents (TRIR)
- 7% reduction in employee turnover
- 4% increase in 90-day new hire retention
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, SPTN gained 0.69%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Report highlights progress with Associate safety, development and engagement
"The progress we've made is a testament to the dedication of our Associates and leaders in shaping a vibrant People First culture," said SpartanNash CEO Tony Sarsam. "It is our responsibility to foster an environment where our Associates can grow, thrive and contribute to our collective success, while honoring our commitment to make a positive impact in the communities we serve."
Highlights from the 2024 Corporate Responsibility Report include:
Prioritized Associate Safety & Wellbeing
- Achieved a top-quartile Total Recordable Incident Rate ("TRIR") of 2.0, reflecting a
25% year-over-year reduction and an83% decrease in lost-time incidents since 2020. - Won the 2024 Theo Award for excellence in injury reduction, safety improvements and return-to-work efficiencies.
Empowered Talent: Development & Retention
- Reduced turnover by
7% and increased 90-day new hire retention by4% compared to 2023. - Provided quality leadership development training through partnerships with DiSC, Korn Ferry, LinkedIn Learning and Skillsoft.
- Welcomed 106 interns from 38 colleges and successfully converted several into full-time Associates.
Fostered Associate Engagement
- Hosted a large-scale Associate volunteer event in which 500,000 meals were packed for people affected by natural disasters.
- Launched a daycare subsidy program to support Associates with childcare expenses.
- Earned recognition as a Great Place to Work®,
U.S. News & World Report® Best Company to work for and a Best & Brightest® Company to Work for in the nation.
To read the 2024 Corporate Responsibility Report, visit spartannash.com.
About SpartanNash
SpartanNash (Nasdaq: SPTN) is a food solutions company that delivers the ingredients for a better life. Committed to fostering a People First culture, the SpartanNash family of Associates is 20,000 strong. SpartanNash operates two complementary business segments – food wholesale and grocery retail. Its global supply chain network serves wholesale customers that include independent and chain grocers, national retail brands, e-commerce platforms, and
CONTACT:
Adrienne Chance
SVP and Chief Communications Officer
SpartanNash
press@spartannash.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/spartannash-publishes-corporate-responsibility-report-emphasizing-commitment-to-people-and-communities-302404647.html
SOURCE SpartanNash