We are pleased to publish a more comprehensive report for fiscal 2017, including a description of our CSR materiality assessment process, more detail on specific outcomes from dialogue with stakeholders, greater transparency on the challenges we face, specific commitments within our CSR goals, and additional clarity about corporate governance of our CSR process.
Our full 2017 report covers data and progress from fiscal year 2017 and includes content from our ongoing global operations. The prior report from fiscal 2016 can be found here
. We plan to continue to report on an annual basis moving forward.
We welcome feedback on our CSR report and strategy. Please contact us at CSR@wba.com
For fiscal 2017, Walgreens Boots Alliance for the first time prepared its annual CSR Report to be in accordance with the Global Reporting Initiative (GRI) Standards: Core option. Please read the full CSR Report
, which contains our GRI Content Index
and explains our disclosures.
Data management process
We have a Company-wide approach to recording, measuring and reporting CSR performance, including a set of reporting criteria and a set of CSR measures and performance indicators that are applicable to all of our businesses. We capture data on corporate giving, carbon emissions, energy use, waste disposal, employee retention and employee gender, and use the data to inform and assist in the development of individual CSR programs in each business. In addition, in the Retail Pharmacy USA division, which accounts for 68 percent of Walgreens Boots Alliance employees, we capture data on employee race and ethnicity.
The data presented the 2017 report reflect the ongoing operations of the Company during fiscal 2017 and were produced in accordance with the Walgreens Boots Alliance Corporate Social Responsibility Performance Data Basis of Preparation. For information on our emissions reporting, please see our Statement of Greenhouse Gas (GHG) Emissions for fiscal 2017.
CSR performance data are collected comprehensively on an annual basis. All submissions by individual businesses are prepared by local finance teams and local CSR champions and are reviewed by senior finance leaders. In addition to internal reviews, we believe external assurance enhances the credibility and transparency of information reported. Deloitte & Touche LLP conducted a review of specified indicators in the full CSR Report in accordance with attestation standards established by the American Institute of Certified Public Accountants.
The fiscal year that ended 31 August 2016 was the first year that CSR data were collected across the entire Company, forming the baseline for comparatives and for future reporting. For the fiscal year that ended 31 August 2017, we are providing previous year comparatives for the first time.
Every effort is made to ensure that we report accurate data, and our processes are designed to support this. In cases where we become aware of updates to data from previous years we consider providing updated data if the changes result in a discrepancy that is material to our CSR reporting. In these cases we provide details in footnotes to our data tables.
For more information, read our Statement of Greenhouse Gas (GHG) Emissions for fiscal 2017
, Assurance Report
and Corporate Social Responsibility Performance Data Basis of Preparation.
Exchange rates basis of preparation
Foreign currency amounts have been presented in U.S. dollars for consistency, having been translated at the average exchange rate for the 12 months ending 31 August 2017. The most significant rates are 1.27 U.S. dollar per British pound sterling and 1.10 U.S. dollar per euro.
Funds raised in British pounds sterling or in euros over multi-year periods were converted to U.S. dollars