TreeHouse Foods Announces 2024 Environmental, Social & Governance Report
As a leading private brands snacking and beverage manufacturer in
"We focused on our ESG strategy in 2023, beginning the year with a prioritization assessment that helped us refine our areas of focus and guide our 2030 ESG Goals and this ESG report," said
In addition to setting its 2030 ESG Goals,
Environment & Climate
- Reduced Scope 1 & 2 greenhouse gas emissions by 4.4%
- Reduced Food Loss & Waste by 16.2%
- Reduced water withdrawn in manufacturing operations by nearly 17%
People & Communities
- Conducted annual employee engagement survey with a two-point year-over-year improvement
- Donated approximately
$12 million to charitable organizations -
Expanded Employee Resource Group membership by 23% - Rolled out an employee learning platform
Products & Operations
- Conducted a prioritization assessment to ensure the ESG strategy is in line with stakeholder priorities and expectations
- Distributed a
Responsible Supplier Survey to strategic suppliers to assess opportunities within the supply chain - Increased use of
Roundtable on Sustainable Palm Oil ("RSPO ")-certified palm oil by 5% - Increased use of post-consumer recycled content by 8%
- Published a Responsible Sourcing Policy Grievance Mechanism
Environmental and social considerations are deeply engrained in the TreeHouse Foods Management Operating System, which includes principles on food waste reduction, energy efficiency improvements and developing our employees.
The Company continues to prioritize employee engagement and professional development, with a new online learning management system that offers expanded learning opportunities, a concentrated focus on employee health and safety, and further develops an equitable and inclusive culture.
The 2024 TreeHouse Foods ESG Report is aligned to the
To access the 2024 TreeHouse Foods ESG Report and for more information, visit the ESG page on the
ABOUT
Additional information, including TreeHouse's most recent statements on Forms 10-Q and 10-K, may be found at
FORWARD-LOOKING STATEMENTS
This press release contains "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements and other information are based on our beliefs, as well as assumptions made by us, using information currently available. The words "believe," "estimate," "project," "expect," "anticipate," "plan," "intend," "foresee," "should," "would," "could," and similar expressions, as they relate to us, are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to certain risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, or intended. We do not intend to update these forward-looking statements following the date of this press release.
Such forward-looking statements, because they relate to future events, are by their very nature subject to many important factors that could cause actual results to differ materially from those contemplated by the forward-looking statements contained in this press release and other public statements we make. Such factors include, but are not limited to: risks related to quality issues, disruptions, or inefficiencies in our supply chain and/or operations; loss or consolidation of key suppliers; raw material and commodity costs due to inflation; labor strikes or work stoppages; multiemployer pension plans; labor shortages and increased competition for labor; success of our growth, reinvestment, and restructuring programs; our level of indebtedness and related obligations; disruptions in the financial markets; interest rates; changes in foreign currency exchange rates; customer concentration and consolidation; competition; our ability to execute on our business strategy; our ability to continue to make acquisitions and execute on divestitures or effectively manage the growth from acquisitions; impairment of goodwill or long lived assets; changes and developments affecting our industry, including customer preferences and the prevalence of weight loss drugs; the outcome of litigation and regulatory proceedings to which we and/or our customers may be a party; product recalls; changes in laws and regulations applicable to us; shareholder activism; disruptions in or failures of our information technology systems; geopolitical events; changes in weather conditions, climate changes, and natural disasters; and other risks that are set forth in the Risk Factors section, the Legal Proceedings section, the Management's Discussion and Analysis of Financial Condition and Results of Operations section, and other sections of our Annual Report on Form 10-K for the year ended
RELATED LINKS
http://www.treehousefoods.com
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