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Agriculture committee  Our code is to do the right thing, so—

February 13th, 2024Committee meeting

Pierre Riel

February 13th, 2024Committee meeting

Pierre Riel

Agriculture committee  We do have a vendor agreement. You can have arbitration, as an example. That's what you can do at a point in time. I don't remember the last time we won an arbitration, to be very honest. There is something that I think is essential for the committee to understand. As a retailer, if I don't have goods to sell—I am not selling here this morning—I need to get the goods, so I need my vendors.

February 13th, 2024Committee meeting

Pierre Riel

Agriculture committee  Can I just add something?

February 13th, 2024Committee meeting

Pierre Riel

Agriculture committee  I would just like to say thank you again to my employees, my vendors and the members. We have millions of members in Canada and roughly 4,000 vendors. Without them, Costco would not exist, so thank you, employees; thank you, vendors; and thank you, members. That's why we're here.

February 13th, 2024Committee meeting

Pierre Riel

Agriculture committee  That may be the case for some people. However, I'm sticking to my role.

February 13th, 2024Committee meeting

Pierre Riel

Agriculture committee  No. I didn't say that legislation would be needed. I said that it would be much better if everyone were on the same page. I don't know whether forcing people will achieve anything.

February 13th, 2024Committee meeting

Pierre Riel

Agriculture committee  We're indeed reducing the use of plastic. I'll give you an example. Roast chicken used to be packed in a plastic dome. Now it's packed in a recyclable bag. We're significantly reducing the use of plastic. The chicken that used to be packed in a plastic dome was transported on full pallets to avoid being crushed.

February 13th, 2024Committee meeting

Pierre Riel

Agriculture committee  There's no discount policy. When it's close to the date, we give it to the food bank or to an association for pickup. Everything in the bakery that still has a day left, it's picked up before the expiration, and so with that, it's still good to eat. That's what we do. We're giving tons of merchandise on a daily basis across Canada.

February 13th, 2024Committee meeting

Pierre Riel

Agriculture committee  Again, Mr. MacGregor, I'm here to talk about Costco.

February 13th, 2024Committee meeting

Pierre Riel

Agriculture committee  I think that in Australia, you know, when that was established, we were probably in about 10 locations, so our size of business was not as big. I think that with what we were already doing in Australia with our vendors and everything, the need was not there. When the need will come, if we believe that, then we're going to have to look into it.

February 13th, 2024Committee meeting

Pierre Riel

Agriculture committee  We did receive some texts, you know—

February 13th, 2024Committee meeting

Pierre Riel

Agriculture committee  —but we're not part of the committee.

February 13th, 2024Committee meeting

Pierre Riel

Agriculture committee  I think it's the dispute part of it. Something goes bad, and a retailer or a vendor brings it to the code, and we cannot come to the conclusion of a negotiation or something. What mechanism is going to work? That's what is not defined at this point, as far as I know. Maybe I missed something, but, as far as I know, it's not defined at this point.

February 13th, 2024Committee meeting

Pierre Riel

February 13th, 2024Committee meeting

Pierre Riel