As a large group of companies and service providers, Migros is in constant contact with people and its environment in various ways.
In addition to Migros’ economic performance and its asset, financial and earnings position, this report also highlights its roots in the natural and built environment and its interactions with society and various stakeholders. Migros has a clear concept of value creation and manages the company accordingly.
The present FMC consolidated financial statements have been prepared in conformity with the provisions of the law and with all the current guidelines of the Accounting and Reporting Recommendations (Swiss GAAP FER). In order to provide readers of the financial statements with as much transparency as possible, Migros Group has decided to impose more stringent accounting and disclosure requirements in many areas than those required by Swiss GAAP FER. Accordingly, Swiss GAAP FER forms the basis for financial reporting which is as transparent, clear and reader-oriented as possible.
The main accounting principles can be found in the PDF Migros Group Financial Report. The financial report of the Migros Group is available in English, German and French. The German version takes precedence.
The information about governance describes the overall organisational and contextual structuring of the management and supervision of Migros, a cooperative structure. The Federation of Migros Cooperatives is committed to responsible, purposeful and modern governance. It therefore voluntarily complies with the provisions of economiesuisse’s Swiss Code of Best Practice for Corporate Governance and the Corporate Governance Directive of the SIX Swiss Exchange (DCG). Any deviations from these provisions are referred to in the report.
The Migros Group’s sustainability reporting is an integral component of the corporate website. It serves the need for continuous and transparent communication of progress. The Migros Group voluntarily bases its sustainability reporting on the standards of the Global Reporting Initiative (GRI). The GRI Index is updated once a year and the relevant figures for the reporting year are published at the same time as the Annual Report. Selected highlights from the reporting year are summarised in this Annual Report.
By applying internationally recognised guidelines and conventions (ILO Conventions No. 138 and 182, ILO-IOE Child Labour Guidance Tool for Business of 15 December 2015 and the OECD Guidelines of 30 May 2018), the Migros Group meets its due diligence and reporting obligations in the area of child labour in accordance with the exemption rule in Article 9 DDTrO (Ordinance on Due Diligence and Transparency in relation to Minerals and Metals from Conflict-Affected Areas and Child Labour).