TreeHouse Foods Sets 2030 ESG Goals
TreeHouse Foods, Inc., a prominent private label food and beverage manufacturer in North America, has unveiled its ambitious 2030 Environmental, Social & Governance (ESG) goals.
These objectives are built on three key pillars: Environment & Climate; People & Communities; and Products & Operations.
Alongside this, the company has published its 2023 disclosures adhering to the Sustainability Accounting Standards Board (SASB) Processed Food standard and the Task Force on Climate-Related Financial Disclosure (TCFD) framework.
Additionally, the TreeHouse Foods CDP Climate Change Survey response is available on the company's public-facing website.
The newly introduced 2030 ESG goals showcase TreeHouse Foods' unwavering commitment to environmental and social responsibility, particularly following the strategic shift it undertook after divesting a substantial portion of its Meal Preparation business in October 2022.
This transformation has allowed the company to sharpen its focus on the higher-growth, higher-margin private label snacking and beverage categories while significantly reducing its manufacturing and distribution footprint.
Leveraging this newfound agility, TreeHouse Foods has set forth various environmental impact-related targets, such as aiming to reduce its Scope 1 and Scope 2 carbon footprint by 25% by 2030 and establishing a reduction goal for Scope 3 emissions by the end of 2025.
The company is also actively working on sustainable packaging and responsible sourcing, aligning with the ESG priorities of its customers.
Steve Oakland, Chairman, CEO, and President of TreeHouse Foods, emphasised the company's dedication to advancing ESG initiatives and expressed satisfaction in sharing the updated 2030 goals.
He believes that achieving these objectives will not only benefit the environment and communities but also foster stronger strategic partnerships with customers who are on similar ESG journeys, ultimately bringing their ESG aspirations to fruition.
Equity in the workforce is another major priority for the company. In addition to committing to disclose workforce data publicly by 2030, TreeHouse Foods intends to expand its recruitment efforts to attract and hire diverse talent.
TreeHouse's comprehensive ESG goals encompass three main areas:
Environment & Climate
Reduce Scope 1 & 2 GHG emissions by 25% by 2030
Assess baseline Scope 3 calculations and establish a reduction goal by 2025
Reduce water usage across manufacturing facilities by 20% by 2030
Reduce Food Loss & Waste by 50% by 2030
Increase company-wide landfill diversion to 90% by 2030
Ensure that 100% of packaging is recyclable, reusable, or compostable by 2030
Eliminate problematic and unnecessary plastics in packaging where feasible by 2025
Maintain at least 20% post-consumer recycled content average across all packaging
People & Communities
Reduce Total Recordable Incident Rate (TRIR) by 20% by 2030, striving for zero incidents
Ensure a diverse workforce that reflects the communities and customers they serve through various initiatives, including annual DEI training for all employees by 2024 Provide intentional learning and development programs for employees
Enhance recruiting efforts in collaboration with community, academic, and professional organisations to attract diverse talent
Facilitate transparent internal mobility processes to promote robust career growth
Disclose EEO-1 data by 2030 and on an annual basis thereafter
Donate $50 million in volunteer time, food, and/or cash to organisations addressing food insecurity in local communities by 2030
Products & Operations
Directly source 100% RSPO physical certified palm oil by 2030
Increase offerings of third-party certified responsibly sourced cocoa by 2030
Enhance Responsible Sourcing Policy to include Animal Welfare expectations, Supplier Diversity commitment, and GFSI expectations for ingredient and food contact suppliers
Implement an annual ESG supplier survey and scorecard for strategic suppliers
For more details and access to the 2023 ESG disclosures, interested parties can visit the TreeHouse Foods ESG page on their website: https://www.treehousefoods.com/esg.
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Source: PRNewswire
