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Tyson Foods Targets 2050 to Achieve Net Zero Greenhouse Gas Emissions
Tyson Foods announced its ambition to achieve net-zero greenhouse gas (GHG) emissions across its global operations and supply chain by 2050, including scopes 1, 2 and 3. As the first U.S.-based protein company to have an emissions reduction target approved by the Science Based Targets initiative (SBTi), this ambition, in conjunction with the release of the company’s fiscal year 2020 (FY20) Sustainability Progress Report, underscores the company’s commitment to help combat the urgency of the growing climate change crisis.
“At Tyson Foods, we believe progress requires accountability and transparency and we are proud to exemplify that as we work to achieve net-zero greenhouse gas emissions by 2050,” said John R. Tyson, Chief Sustainability Officer, Tyson Foods. “As the first U.S.-based protein company in the food and beverage sector to have...
West Liberty Foods Releases 2021 Corporate Social Responsibility Report
West Liberty, Iowa-based West Liberty Foods has released its 2021 Corporate Social Responsibility (CSR) Report, highlighting major achievements in environmental sustainability, animal welfare, food safety, social responsibility, and community involvement. It is the 2nd CSR report the company has released in the past 3 years.
“Creating and maintaining sustainable practices is of the utmost importance at West Liberty Foods,” said Brandon Achen, President. “But, it is our team members who are at the heart of our sustainability successes. This report combines...
Smithfield Foods Expands Sustainability Program in New Report
In addition to its industry-leading greenhouse gas (GHG) reduction commitment to become carbon negative in all U.S. company-owned operations by 2030, Smithfield Foods, Inc. today announced it will reduce GHG emissions across its entire domestic supply chain 30 percent by 2030. This new goal builds on the company's prior pledge to reduce greenhouse gas emissions across its domestic supply chain 25 percent by 2025. Smithfield also announced that it will obtain 50 percent of its electricity from...
Beef Quarterly Q2 2021: Record Prices, but Will They Last?
Many key beef production and consumption areas across the world are currently experiencing high or record prices for beef or cattle. We explore what is driving this and whether it will last. There are also several other issues affecting global beef markets at present.
The rollout of vaccines, the transition to robust economic growth, and the advance of the northern hemisphere summer see many areas experiencing lower Covid case numbers and higher economic activity. With restrictions being eased, foodservice sales are also...
KFC Unveils New Modernized Packaging, Available Early this Summer
As KFC continues to grow, it is always keeping tabs on ways to improve its customers' experience. The company's latest innovation efforts have been focused on creating KFC's new sleek, clean and modernized packaging that will show up in restaurants early this summer.
The new packaging reflects the brand's identity with a more modern take on the KFC signature red and white stripes. It will feature reheating instructions – because KFC's fried chicken is just as good the next day – and...
The updated buckets will showcase a fresh "Fried with Pride" design featuring...
Burger King Rolls Out Green Packaging Pilot Program
Burger King is committed to being part of a more sustainable future by reducing its environmental footprint. That’s why, the company is continuing its journey by launching a green packaging pilot program focused on finding scalable solutions for eight of its most-used, guest-facing items including forks, spoons, knives, straws, drink lids, Frypods®, Whopper® wrappers and napkins.
The guest packaging will be tested in 51 company-owned restaurants in Miami and utilizes alternative materials, such as Frypods® made with renewable unbleached virgin paperboard; cutlery made with cPLA, a plant-based plastic; and napkins made with 100 percent recycled fiber. Burger King will also be testing paper and plant-based straws along with strawless lids, which could potentially eliminate up to...
PLANT PROTEIN: Get to Know Players in the Plant Protein Market: The Better Meat Company
“Of course people like eating burgers, people like eating meat! We want to give people that same experience, just with a far more diversified portfolio of proteins. Whether that means it’s a blended burger, a plant-based burger, or a burger made from microbial proteins, we want to give people the experience of eating meat that people want, but with a much smaller footprint on the planet.” said Paul Shapiro, The Better Meat Company’s CEO, TEDx speaker, bestselling author, podcast host, plant-based fish stick enjoyer, and animal lover.
With just three growth packed years in the industry and 16 employees, The Better Meat Company provides high quality plant protein formulations to major food companies for use in both blended meat-plant hybrid products and traditional plant-based foods...
Yum! Brands Announces Approved Science-Based Targets to Address Climate Change
Yum! Brands, parent company of KFC, Pizza Hut, Taco Bell and The Habit Burger Grill restaurants, announced it will decrease its greenhouse gas (GHG) emissions 46% by 2030 in partnership with its franchisees, suppliers and producers as part of its broader strategy to address climate change. Additionally, Yum! pledged to achieve net-zero emissions by 2050. The science-based targets (SBTs) are consistent with reductions required to keep warming to 1.5ºC and have been approved by the Science Based Targets initiative.
“Climate change is one of the top priorities of our Recipe for Good strategy, and we’re investing significantly in sustainable growth to address this issue by working closely with our brands, franchisees and suppliers,” said David Gibbs, Yum! Brands CEO. “We believe in the collective power of Yum! and...
Weis Markets Makes Progress in Reducing Its Environmental Impact
Weis Markets announced its continued progress toward reducing the company's overall environmental impact last year, achieving its goal of a 20 percent reduction of greenhouse gas emissions by 2020.
The company's progress is reported in the new 2020 Sustainability Report: Weis by Nature. The report details the company's progress during 2020, including new partnerships to divert food waste from landfills, innovative measures to reduce truck fleet fuel consumption, and a continued focus on conserving resources and...
Albertsons Companies Commits to Setting Science-Based Target to Reduce Carbon Emissions
Albertsons Companies has announced its commitment to the Science Based Targets initiative (SBTi) and will set an emissions reduction target that supports the goals of the United Nations’ Paris Agreement to reduce carbon emissions. Albertsons Cos.’ emissions reduction goal will align with standards that are designed to ensure a better future and to prevent the worst impacts of climate change.
In a recent assessment of priorities for Albertsons Cos.’ Environmental, Social, Governance (ESG) strategy, internal and external stakeholders rated energy and emissions as high priorities for the Company to focus on. To support these priorities, leaders across the enterprise are updating long-term strategic plans to...
Chipotle Releases 2020 Sustainability Report, Achieves 50% Waste Diversion Goal
Chipotle Mexican Grill announced the publication of its 2020 Sustainability Report. The report covers Chipotle's impact, progress and goals across a variety of areas that play a critical role in its mission to Cultivate a Better World.
Chipotle achieved a 51% waste diversion rate through recycling, composting, and waste-to-energy programs, reaching a key goal outlined in its 2018 Sustainability Report. The company continues to expand its innovative methods of diverting waste, including its Glove to Bags program, an initiative that transforms...
US Foods Releases 2020 Corporate Social Responsibility Report
US Foods Holding Corp. announced the launch of the company’s 2020 Corporate Social Responsibility (CSR) Report. The report highlights progress against the company’s ongoing commitment to caring for people, protecting the environment, and providing responsibly sourced and sustainable products.
“I am proud of how our associates worked together to serve customers, communities and each other during the many challenges of 2020,” said Chairman and CEO Pietro Satriano. “Despite the unprecedented year, we were able to make meaningful progress against...
Study Finds Consumers are Hopeful About Agriculture’s Ability to Positively Impact Climate Change
When it comes to climate change, consumers view agriculture as a part of the solution rather than the problem. Among participants in Cargill’s recent global Feed4Thought survey, those who indicated climate change as important to them also rated livestock and agriculture lowest in negative impact compared with other industries generally regarded as significant contributors. More than one-third of respondents expressed confidence in the industry’s ability to limit its contributions to climate change.
“Farmers are critical to feeding the world sustainably and responsibly,” said Ruth Kimmelshue, who leads Cargill’s animal nutrition & health business. “With a growing population and rising consumer interest in climate change, they are also part of the solution to address...
Study Confirms U.S. Beef Industry is the Most Sustainable in the World
A research paper released confirmed U.S. beef production is the most sustainable production system in the world, a fact long understood by America’s cattle producers, who between the 1960s and 2018, reduced the carbon footprint of the industry by 40 percent while producing 66 percent more beef.“We already know a growing global population will require and demand high-quality food, which means we need ruminant animals, like beef cattle, to help make more protein with fewer resources,” said NCBA president and Kansas cattleman, Jerry Bohn. “Cattle generate more protein for the human food supply than would exist without them because...
Dunkin’ Celebrates 1,000th Next Generation Restaurant Opening
Back in 2018, Dunkin' opened its first Next Generation restaurant in Quincy, MA, featuring a new design with a modern atmosphere and innovative features. Now, just three years later, Dunkin' is celebrating the opening of its 1,000th Next Gen restaurant in Woodstock, GA.
For the official ribbon-cutting, franchisee Andy Awale of the Awale Network was joined by Scott Murphy, Head of Inspire Brands Beverage-Snack Category and President of Dunkin’, and Mathias Piercy, Regional Vice President at Dunkin’. Other festivities included merch and free coffee giveaways, a presentation of a $1,000 grant to the Northside Hospital Cherokee NICU – Miracle Babies Fund from the Dunkin’ Joy in Childhood Foundation, and a donation of 1,000 pounds of Dunkin’ packaged coffee to the Never Alone food pantry.
The Next Generation store concept includes...
LIVEKINDLY Collective Raises $335 Million in Latest Funding Round
LIVEKINDLY Collective, a collection of heritage and start-up brands on track to become one of the world’s largest plant-based food companies, announced a successful capital raise led by The Rise Fund, the global impact investing platform managed by TPG. This round was joined by existing investor Rabo Corporate Investments, the investment arm of Rabobank, S2G Ventures, and other existing and additional mission-aligned investors.
This investment closes a growth funding round of $335 million, including $135 million converted from a prior round, bringing the total funds raised by LIVEKINDLY Collective in its first year to $535 million. With this latest investment, LIVEKINDLY Collective has become one of the top three...
Pilgrim’s Becomes First Global Meat and Poultry Company to Offer Sustainability-Linked Bond
Pilgrim’s Pride Corporation announced it is offering a $1 billion sustainability-linked bond tied to efforts to reduce greenhouse gas emission intensity across its global operations. The bond is the first of its kind to be issued by a global meat and poultry company, and aligns with Pilgrim’s vision to be the best and most respected company in its industry.
“Since the release of our inaugural corporate responsibility report nearly a decade ago, Pilgrim’s has set ambitious environmental improvement targets and publicly reported our progress to the market,” said Fabio Sandri, Pilgrim’s global chief executive officer. “Earlier this week, we announced our commitment to achieve net zero greenhouse gas emissions by 2040 and today we offer our first sustainability-linked bond. These actions reinforce our company’s long-standing commitment to...
Cargill Initiative Aims to Conserve Canadian Prairies through Collaboration with Ranchers
Beef farmers and ranchers play an important role in providing quality food, but few people know they also play an essential role in protecting Canada’s land, water and wildlife. With the urgency of unprecedented environmental challenges, like climate change, Ducks Unlimited Canada (DUC) has teamed up with McDonald’s Canada and Cargill to support rancher-led work through a $5-million CAD Forage Program. The program will work to return 125,000 acres (50,585 hectares) of cropland to grass and pasture by 2025.
In response to growing climate concerns, returning less productive annual cropland to perennial grass helps remove carbon dioxide from the atmosphere. Collectively, the impact of this program is comparable to removing...
Get to Know Players in the Plant Protein Market: PURIS
As part of a new monthly series of Urner Barry plant protein reports an end of the month company profile will be released to showcase players in the plant protein market. Profiles may represent suppliers, consumer food product brands, or firms involved at other levels of the plant protein supply chain.
To date, we have covered several brands powering ahead within the ingredient and consumer product realm but have yet to dig to the roots, almost literally, and mention a firm dedicated to improving quality plant protein sources from field to plate. PURIS, a vertically integrated breeder and provider of premium seeds and further processed plant protein ingredients seeks to...
Niman Ranch Announces Partnership with Fortune Fish & Gourmet
Niman Ranch, a leader in humanely and sustainably raised beef, pork and lamb, announced a new partnership with Fortune Fish & Gourmet, one of the country’s leading processors, distributors and importers of quality seafood, meats and gourmet products. With this new partnership, Niman Ranch has expanded their footprint of geographic availability, now serving sustainability-focused and quality-driven restaurants and select retail outlets in major markets including Detroit, Indianapolis, Chicago, Kansas City, St. Louis, Minneapolis, Omaha, Birmingham and everywhere in between.
“We are excited to partner with Fortune as we bring the finest tasting meat from Niman Ranch to new markets across the country,” shared John Flynn, Niman Ranch’s Vice President of Sales. “We are especially happy to now serve areas of the country in our farmers’ backyards, so they can enjoy the meat they work so hard to raise at some of...
JBS Makes Global Commitment to Achieve Net-Zero Greenhouse Gas Emissions by 2040
JBS announced a commitment to achieve net-zero greenhouse gas (GHG) emissions by 2040. The commitment spans the company’s global operations, including Pilgrim’s Pride Corporation, as well as its diverse value chain of agricultural producer partners, suppliers and customers in their efforts to reduce emissions across the value chain.
JBS is the first major company in its sector to set a net-zero target. The ambition reflects the company’s goal to meet the health and nutritional needs of the growing global population in a sustainable manner that preserves the planet’s resources for future generations. As part of its commitment, the company has signed...
Regulatory and Policy Update: What the Change in Administration Could Mean for the Meat Industry
With the change in administration, participants in the meat industry are closely eyeing what new leadership at USDA and other regulatory bodies could mean for areas including food safety, worker safety, and animal welfare.
In the virtual 2021 Annual Meat Conference, a panel of leading experts in regulatory and policy issues discussed updates on these factors and what industry participants at all levels might need to be prepared for in 2021.
Panelists included Casey Gallimore, Director and Scientific Affairs, North American Meat Institue; and Andrew Harig, Vice President, Tax, Trade, Sustainability & Policy Development, FMI.
Harig kicked off the panel by noting how Washington in March 2021 is drastically different from Washington in March 2020...
In France, No More Plastic McDonald's Happy Meal Toys
McDonald’s France this year introduced sustainable toys: offering more environmentally-friendly toys by removing all plastic toys from its Happy Meal menu as of February.
It’s a big move for one of France’s major toy distributors and builds on the company’s continuous steps toward reducing hard-to-recycle plastic in guest packaging, including McDonald’s Happy Meal toys.
In 2014, McDonald’s France removed batteries from toys; in 2018, it developed new paper games such as coloring and trading cards; and in 2020, eliminated...
Smithfield Foods Announces New Recyclable Packaging and Plastic Reduction Commitments
Smithfield Foods, Inc. announced bold new commitments it will implement across its portfolio by 2030: to achieve consumer packaging that is 90% recyclable, reusable or industrially compostable and to halve use of virgin petroleum-based plastic.
To meet these goals, the company has established an internal cross-functional team to investigate and explore new strategic packaging and plastic-use reduction options. Among the team's current efforts is the identification and testing of replacements for products currently packaged using polystyrene (PS) trays.
Both the new recyclable packaging and plastic reduction goals build upon the company's zero-waste-to-landfill initiative, which outlines a plan to reduce overall solid waste sent to landfills...
What’s on the Menu: Global Foodservice Outlook
In many countries, including those in Europe and North America, Covid-19-related disruptions remain the most relevant driver of foodservice performance in the near term, as sales and foot traffic trends remain well-below pre-Covid levels. Notably, China, which is ahead of the curve in terms of both virus outbreak and containment, could be a potential indicator of the likely speed and scope of the foodservice recovery as the virus subsides.
As vaccinations and treatment advance, the focus of attention will shift from near-term recovery to more strategic matters. The most relevant performance drivers over the next 6 to 12 months will be...
Kroger Expands Partnership with 80 Acres Farms to 316 Stores
The Kroger Co. and 80 Acres Farms bring farm-fresh produce to customers across Ohio. The companies are growing their partnership to reach more shoppers in the Midwest – both in store and online.
"Everyone deserves easy access to fresh, affordable, delicious food," said Dan De La Rosa, Kroger's group vice president of fresh merchandising. "This newly expanded partnership means more communities will have just-picked produce at their fingertips 365 days a year. We're proud to partner with 80 Acres Farms as we work together to create a world with Zero Hunger | Zero Waste."
80 Acres Farms' breakthrough technology means the company can grow pesticide-free produce all year long. With locations closer to customers, the...
US Pork Supply Chain Locked in Limbo as Producers Await Legal Ruling
The US pork supply chain faces significant disruption in 2022, when California’s animal welfare regulations (Proposition 12) take effect. With less than 4% of US sow housing currently able to meet the new standard, Rabobank expects a shortfall in compliant pork to bifurcate the US market, leaving California with a severe pork deficit (and high prices), while generating a surplus in the rest of the US market.
“Producers are reluctant to make the costly investments needed to comply with the new regulation, unless compensated with long-term premium guarantees. Packer processors and end users are unwilling to enter into long-term supply arrangements, given outstanding legal challenges to the California rule and...
Chipotle Announces Executive Compensation Metrics Tied to Sustainability Goals
Chipotle Mexican Grill announced that it has introduced a new Environmental, Social and Governance (ESG) metric that ties executive compensation to ESG goals. The objectives, which are categorized by Food & Animals, People, and the Environment, will hold Chipotle’s executive leadership team responsible to make business decisions that cultivate a better world.
Ten percent of officers’ annual incentive bonus will be tied to the company’s progress toward achieving the company’s goals.
“We are passionate about inspiring real change in people, food, and the environment every day,” said Laurie Schalow, Chief Corporate Affairs & Food Safety Officer. “The compensation plan...
Popeyes Announces New Quality and Sustainability Commitments
Popeyes has announced new food quality commitments for the next 5 years as part of the Restaurant Brands for Good sustainability plan. The commitments are part of the brand’s work to serve responsibly sourced, high quality and great tasting food every day while continuously working to reduce its environmental footprint.
Real Ingredients - Popeyes® is working on removing colors, flavors and preservatives from artificial sources from fried chicken menu items in the U.S. by the end of 2022, starting with its famous Popeyes® Chicken Sandwich.
Antibiotics - Popeyes® is eliminating antibiotics important to human medicine from their chicken supply chain in the US and Canada by the end of 2021. This new sourcing policy supports...
US Foods Spring Scoop Caters to Consumers’ Growing Interest in Well-Being, Sustainability
US Foods Holding Corp. announced the launch of Spring 2021 Scoop™, “Hungry for Better,” which features products that cater to consumers’ growing interest in dining options that support their planet, their communities and themselves. Today’s consumers are more deliberate and conscientious about their dining choices and are seeking products with simple and authentic ingredients that can also satisfy specific dietary needs. At the same time, they are also demanding products with sustainable attributes, and research shows that these consumer behaviors have only intensified since the start of the pandemic. To meet this growing need, US Foods Spring Scoop highlights 21 products that offer a well-being and/or sustainable attribute and are part of the company’s growing portfolio of products under the Hungry for Better initiative.
“With Spring Scoop, we are focusing on products that support our Hungry for Better initiative,” said Stacey Kinkaid, vice president, product development and...
NAMI Awards Smithfield Foods for Environmental Achievements
Smithfield Foods, Inc. is pleased to announce that the company's Orange City, Iowa; Springdale, Ohio; Lincoln, Neb. and Cudahy, Wisc. facilities received 2021 Environmental Achievement Awards from the North American Meat Institute (NAMI). The awards recognize local facility projects in the categories of environmental technology, outreach and training; pollution prevention; resource conservation; and social and economic sustainability. Two Smithfield facilities received first place recognition and two additional facilities received second place recognition.
The NAMI Environmental Achievement Awards are presented to member companies that go beyond environmental compliance by designing and successfully implementing...
Sysco Launches New and Exclusive, Chef-Tested Menu Concepts Through Cutting Edge Solutions Platform
Sysco Corporation, the leading global foodservice distribution company, introduced nine innovative concepts through its Cutting Edge Solutions platform. These new and differentiated products are available exclusively from Sysco and provide foodservice operators with unique menu offerings, innovative meal solutions and environmentally friendly cleaning and beverage products.
“Now more than ever, foodservice operators must provide differentiated offerings to succeed in this challenging operating environment. Sysco’s Cutting Edge Solutions platform offers...
Bell & Evans to Transition 50,000 U.S. Acres to Certified Organic with Cargill, Rodale Institute
U.S. grain farmers have a new incentive to transition from conventional to organic practices, and Bell & Evans banks on many making the change.
Premium poultry producer Bell & Evans is experiencing significant growth in its organic chicken program, increasing its need for U.S. grown organic-certified corn and soybeans used in its organic chicken feed. The family-owned producer finalized a long-term sourcing agreement with global ag leader Cargill to exclusively secure its organic grain and increase domestic organic grain supply. Under the agreement, Cargill will incentivize...
Smithfield Foods Commits to Reducing Sodium and Sugar 10%, Cleaner Labeling Across Products by 2025
Smithfield Foods, Inc. announced companywide health and wellness goals as part of its wide-ranging commitment to sustainability and continuous product improvement. By 2025, the company will reduce sodium and sugar by 10% and embrace clean labeling across its portfolio. The new goals are part of Smithfield's new standalone Health and Wellness pillar and expanded sustainability program.
"At Smithfield, we are constantly innovating to meet the ever-changing needs of consumers who are increasingly seeking out foods with improved nutrition profiles and clean, transparent labeling," said Stewart Leeth, Chief Sustainability Officer for Smithfield Foods. "We understand the importance of...
Get to Know Players in the Plant Protein Market: Roquette
In 1933, brothers Germain and Dominique Roquette, identified an industrial need for potato starch in French textile markets. Both grain brokers, the brothers decided to establish a potato starch production plant in Lestrem, France, named Roquette. Little did they know their investment would grow to be a leading global provider of high-quality ingredient solutions spanning the food, nutrition, health, textile, and pharmaceutical markets sourced from across North America, Europe, and Asia.
Approaching a century of longevity, Roquette leads the marketplace with over forty years crafting and nurturing its expertise in providing plant protein solutions in the global food industry. To date, Roquette offers plant proteins sourced from wheat, fava beans, and...
PepsiCo and Beyond Meat Establish Partnership to Introduce New Plant-Based Offerings
PepsiCo, Inc. and Beyond Meat, Inc. announced they will form The PLANeT Partnership, LLC (TPP), a joint venture to develop, produce and market innovative snack and beverage products made from plant-based protein. The joint venture will leverage Beyond Meat’s leading technology in plant-based protein development and PepsiCo’s world-class marketing and commercial capabilities to create and scale new snack and beverage options. Financial terms of the partnership were not disclosed. Joint venture operations will be managed through the newly created entity The PLANeT Partnership, LLC (TPP).
“Plant-based proteins represent an exciting growth opportunity for us, a new frontier in our efforts to build a more sustainable food system and be a positive force for people and the planet, while meeting...
Urner Barry Presents Plant Protein Insights Webinar
The plant protein sector is developing rapidly around the globe. Innovative and unique offerings enter the market daily under increased pressure for sustainable and nutritious alternative food options. Demand for plant protein ingredients has become an important benchmark for manufacturers, ingredient providers, startups, traditional protein suppliers, and investors interested in this space.
Join Urner Barry on Thursday, January 21, as host Laura Zinger interviews...
NPPC Campaign Showcases Pork Producer Environmental Stewardship
The National Pork Producers Council (NPPC) introduced a multimedia campaign, “Farming Today for Tomorrow,” to showcase U.S. pork producers’ long-standing commitment to environmental stewardship and further reducing greenhouse gas emissions.
“For more than five decades, U.S. pork producers have embraced advancements that have allowed them to do more with less,” said NPPC President Howard “AV” Roth, a hog farmer from Wauzeka, Wisconsin. “Hog farmers have an excellent story to tell and...
FreshDirect Reveals Top Food Trends for 2021; Online Grocery and Home Cooking Boom to Continue
FreshDirect, a leading pure-play online fresh food grocer serving the Northeast, announced its top food trends for 2021. This year’s predictions were curated by FreshDirect’s in-house team of food experts. As food retailers at the forefront of the industry, FreshDirect has a unique and early view of cutting-edge grocery, ecommerce, and customer trends.
“As a leading online grocer, we have a unique and unmatched ability to understand the ever-changing buying habits of our customers. Our view on past orders, as well as those placed in the future, allows us to spot changes in trends quickly and react to them in real-time. The rapid increase in demand for online grocery and the boom in...
Cal-Maine Foods Reports Second Quarter Fiscal 2021 Results
Cal-Maine Foods, Inc. reported results for the second quarter of fiscal 2021 (thirteen weeks) and twenty-six-week period ended November 28, 2020.
Net sales for the second quarter of fiscal 2021 were $347.3 million, an 11.5 percent increase compared to $311.5 million for the second quarter of fiscal 2020. The Company reported net income of $12.2 million, or $0.25 per basic and diluted share, for the second quarter of fiscal 2021, compared to a net loss of $10.1 million, or...
Conagra Brands Issues Sustainability Accounting Standards Board Disclosure for Fiscal Year 2020
Conagra Brands announced the publication of its Sustainability Accounting Standards Board (SASB) metrics for fiscal year 2020. The disclosure details Conagra's ongoing focus on environmental excellence, strong governance, and safe operations. This marks the first time that Conagra has reported to the SASB framework according to the Standard for the Processed Foods industry as defined by SASB's Sustainable Industry Classification System®️ (SICS®️).
SASB is an independent, standards-setting organization dedicated to...
Conagra Brands Issues Sustainability Accounting Standards Board (SASB) Disclosure for FY 2020
Conagra Brands (NYSE: CAG) today announced the publication of its Sustainability Accounting Standards Board (SASB) metrics for fiscal year 2020. The disclosure details Conagra's ongoing focus on environmental excellence, strong governance, and safe operations. This marks the first time that Conagra has reported to the SASB framework according to the Standard for the Processed Foods industry as defined by SASB's Sustainable Industry Classification System®️ (SICS®️).
SASB is an independent, standards-setting organization dedicated to improving the effectiveness and comparability of corporate disclosure on material environmental, social and governance factors. SASB's approach to standard-setting uses a process that is evidence-based and market-informed...
Get to Know Players in the Plant Protein Market: Planterra Foods
One of the fasted growing plant protein brands in the industry has achieved a remarkable 6% market share in a brisk 13-week period. Colorado based Planterra Foods, a subsidiary of Brazilian food giant JBS, has taken the plant-based market by storm with its OZO brand product line of burgers, ground, sausages, and meatballs.
Prior to its debut, OZO had an interesting start as a whiteboard drawing during a design brainstorming session. During the session, a team member at Planterra Foods first drew a globe representing the earth. Another team member added a second circle representative of...
Kroger Shares Top 10 Trending Foods of 2020
The Kroger Co. announced the top 10 trending foods of 2020, as well as its food trend predictions for 2021.
Based on year-over-year sales growth across Kroger's business, including nearly 2,800 retail stores and pickup, delivery and ship, the trending foods and beverages of 2020 included:
Urner Barry Releases First Emerging Plant Protein Report
Plant-based firms remain committed to finding alternative sources of protein and functional ingredient components. While soy, wheat, and pea proteins are the most utilized ingredients to date, numerous other innovative and unique options emerge to fulfill growing demand for sustainable, cheap, functional, and nutritious food items. Currently, consumers have increasingly expressed...
2021 Food Label Trends Deliver Safety and Security for Consumers and Retailers
As U.S. consumers turned to takeout, food delivery and online grocery shopping during the COVID-19 pandemic, food and beverage labeling took on fresh importance. Citing a 15-20% increase in grocery industry sales this year, and e-commerce sales up 43%, sustainable label leader UPM Raflatac found its grocery and restaurant delivery customers want to provide an increasingly safe experience with labels that provide visible safeguards for human health and protections for the environment.
"We knew packaging needs would change for our food industry customers given the COVID-19 shopping impact, and we are encouraged to see...
Dominion Energy, Smithfield Foods Complete Renewable Natural Gas Project in Utah
Dominion Energy and Smithfield Foods, Inc., announced they have completed the first renewable natural gas (RNG) project through their joint venture, Align Renewable Natural Gas℠. Located in Milford in southwestern Utah, the project is now producing RNG from a network of 26 family farms that raise hogs under contract with Smithfield.
The project is the first large-scale effort in the state to capture methane from hog farming operations and convert it into clean energy for homes, businesses and transportation. Significantly more...
Technomic's Take: 2021 Global Trends Outlook
We can only guess what’s in store for 2021 in the global restaurant space. 2020 showed us—among so many things—that what’s expected and what happens don’t always align, to say the least. That said, we think our 2020 restaurant trend forecast holds up fairly well given the reality of the marketplace affected so drastically by the pandemic. Ghost kitchens certainly moved mainstream. Vegan fare got more space to stretch and grow. Plant-based meats continued to inform product development, especially across Asia. Beverage chains certainly broke out from the crowd—again, especially in Asia. And halloumi, pinsa pizzas and sliders had strong showings on chain menus across the world. So, what’s in store for the coming year...
Mosa Meat Backed by Leading Global Impact Investors, Bringing Oversubscribed Round to $75M
Mosa Meat, the European food technology company that introduced a cultivated beef hamburger in 2013, announced the second closing of its Series B funding. This second closing of $20M brings the total raised so far in the round to $75M.
The funding brings together leading global investors who are dedicated to sustainability, and to supporting Mosa Meat in its mission. These include Blue Horizon Ventures, Target Global, ArcTern Ventures and Rubio Impact Ventures.
Mitsubishi Corporation, Japan, the global integrated business enterprise that develops...
UNFI Commits to Setting Science-Based Targets to Limit Climate Change Impact
United Natural Foods, Inc., one of the largest wholesale grocery distributors in North America, announced that it will lead the way towards a net-zero economy by setting science-based emissions reduction targets covering its own operations and value chain. UNFI expects its targets will align with the goals of the Paris Agreement, to limit global temperature rise to well-below 2°C above pre-industrial levels and pursue efforts to limit warming to 1.5°C for the best chance of avoiding the worst impacts of climate change. UNFI is the first North American wholesale grocery distributor to commit to such a target.
UNFI’s targets–which are expected to be submitted for approval to the Science-Based Targets initiative (SBTi) within the next year–are a core element of...
Kroger Named to Dow Jones Sustainability Index for Eighth Consecutive Year
Tyson Foods Announces Global Forest Protection Standard
Tyson Foods, Inc. announced a Forest Protection Standard focused on reducing deforestation risk in its global supply chain of four commodities – cattle and beef; soy; palm oil; and pulp, paper and packaging.
Earlier this year, Tyson Foods partnered with Proforest to conduct a deforestation risk assessment. The assessment concluded that nearly 94 percent of the company’s land footprint is at no to low risk of being associated with deforestation. To proactively address the remaining six percent that was found to be...
Perdue Farms Shares Progress on Industry-Leading Animal Care Goals, New Initiatives
Perdue Farms hosted its fifth annual Animal Care Summit, held virtually this year due to the coronavirus pandemic. Since announcing the company’s Commitments to Animal Care in 2016, the summit has been a key part of Perdue’s animal care strategy.
“Now in our company’s 100th year, we are proud to continue making advancements and leading our industry in the standards to which we raise our animals,” said Mark McKay, President of Perdue Poultry and Meat. “Strong animal husbandry and stewardship keep our animals healthier and, importantly, we believe translate to a better product for consumers.”
During the 2020 meeting, Perdue subject-matter experts shared the latest updates on the company’s industry-leading animal welfare goals and initiatives, including...
Sysco Announces 2020 Corporate Social Responsibility Report
Sysco Corporation announced it has published its 2020 Corporate Social Responsibility (CSR) Report, documenting the company’s progress toward its 2025 CSR goals and demonstrating its “Leadership In Extraordinary Times.”
Sysco’s industry-leading CSR strategy sets a clear path for the future and demonstrates the company’s enduring commitment to caring for people, sourcing products responsibly and protecting the planet.
“I am so proud of how Sysco associates have supported our communities – and each other – while also making significant progress toward our CSR goals. They have risen to the challenges that the pandemic has presented and...
Chipotle Launches Real Foodprint, Introduces Sustainability Impact Trackers for Digital Orders
Chipotle announced the debut of Real Foodprint, a sustainability impact tracker that compares average values for each of Chipotle's 53 real ingredients to their conventional counterparts against five key metrics:
Burger King to Pilot Reusable Containers Through Partnership with Loop
Burger King restaurants are continuing efforts to minimize environmental impact across the globe by testing a new reusable packaging model that will help cut down on packaging waste. The brand, as part of its Restaurant Brands for Good framework, has launched a partnership with TerraCycle’s circular packaging service, Loop, to pilot a closed-loop system with zero-waste packaging that can be safely cleaned and refilled to be reused, again and again.
Together with Loop, the trial will offer restaurant guests the option to conveniently reduce waste when ordering their favorite Burger King brand staples like...
Cargill Study Shows Consumer Support of Farmers Grows As a Result of COVID-19 Challenges
A recent Cargill study found a majority of consumers stand ready to rally around farmers in support of their efforts to put food on tables around the globe. Consumer recognition for the challenges and expectations farmers face grew amid the COVID-19 pandemic, as processing and transportation bottlenecks, especially in the protein industry, stretched the global food supply. In the latest Feed4Thought survey, Cargill found nearly one-third of consumers in the U.S., Brazil, Vietnam and Norway have a renewed appreciation for animal agriculture.
“Farmers and ranchers have faced tremendous pressures caused by COVID-19 supply chain disruptions. And those pressures came on top of the multitude of challenges farmers already faced as they worked to feed the world in...
Sysco Testing All-Electric Freightliner Truck
Sysco Corporation announced it is testing an all-electric Freightliner eCascadia from Daimler Trucks North America (DTNA). Sysco’s participation in this initiative is consistent with its Corporate Social Responsibility (CSR) strategy and the Company’s ongoing efforts to reduce its carbon footprint.
This initiative is a part of DTNA’s ongoing work to engage customers in its commercial electric vehicle development process by deploying trucks in real-world applications. Sysco aims to power more of its tractor fleet with alternative fuels, and deployment of electric trucks will play a significant role in achieving that objective.
“We are excited to partner with DTNA on this important work,” said Neil Russell, Sysco’s vice president of corporate affairs. “Collaborating with manufacturers to develop new truck models that can meet...
US Foods Publishes 2019 Corporate Social Responsibility Report
US Foods Holding Corp. has published its 2019 Corporate Social Responsibility report. This is the company’s first expanded CSR report, and it highlights the company’s 2019 progress across its three CSR pillars: people, planet and products.
“At US Foods, our CSR platform is built on our long-standing commitment to operating with the highest levels of integrity and a respect for the greater good,” said US Foods Chairman and CEO, Pietro Satriano. “We are proud of the progress represented in this report and the hard work of our associates who contributed to these efforts. We look forward to continuing to advance...
Walmart Sets Goal to Become a Regenerative Company
Building on more than 15 years of sustainability leadership, Walmart today announced it is doubling down on addressing the growing climate crisis by targeting zero emissions across the company’s global operations by 2040. Walmart and the Walmart Foundation are also committing to help protect, manage or restore at least 50 million acres of land and one million square miles of ocean by 2030 to help combat the cascading loss of nature threatening the planet.
“We want to play an important role in transforming the world’s supply chains to be regenerative. We face a growing crisis of climate change and nature loss, and we all need to take action with urgency,” said Doug McMillon, president and chief executive officer, Walmart Inc...
Cargill to Advance Regenerative Farming Practices
Cargill is supporting farmer-led efforts to adopt practices and systems foundational to regenerative agriculture practices across 10 million acres of North American farmland over the next 10 years.
The initiative will focus primarily on row crop rotations that include corn, wheat, canola and soybeans and other staple crops. Cargill expects these regenerative agriculture practices to benefit the long-term profitability and resiliency of farmers while simultaneously advancing the company's progress against its science-based climate commitment to reduce greenhouse gas emissions in its global supply chains by 30 percent per ton of product by 2030. The initiative will also...
Tyson Foods to Verify Sustainable Cattle Production Practices at Scale
Tyson Foods announced its work to verify sustainable beef production practices on more than 5 million acres of cattle grazing land in the U.S. This would be the largest known beef transparency program in the U.S., and part of Tyson Foods’ focus on sustainably feeding the world while taking care of people, the planet and animals.
Working with Where Food Comes From, the largest provider of certification and verification services to the food industry, Tyson Foods will source cattle from BeefCARE™ verified beef producers who are committed to raising cattle using...
McDonald's to Test Reusable Cup Model for Hot Beverages
McDonald’s Corporation has announced a global partnership with TerraCycle’s circular packaging service, Loop, to test a new reusable cup model for hot beverages. The initiative, which will first be trialed in 2021 across select McDonald’s restaurants in the UK, helps customers enjoy their favorite McDonald’s hot drink in a reusable cup, while cutting down on packaging waste. The model marks significant progress toward innovative circular packaging solutions that help protect the planet for communities today, and in the future.
This unique new partnership will conveniently allow customers to reduce waste by choosing a durable Loop-created cup, for a small deposit. The deposit can then be redeemed by returning the cup to participating McDonald’s UK restaurants in order to be...
Sanderson Farms Releases 2019 Corporate Responsibility Report
Sanderson Farms, Inc. has released its 2019 Corporate Responsibility Report detailing the company's commitment to social and environmental responsibility. This year, Sanderson Farms introduced reporting using the standards set forth by the Sustainability Accounting Standards Board (SASB) for the meat, poultry, and dairy sector.
"At Sanderson Farms, we believe strongly that we cannot fulfill our corporate purpose without conducting ourselves with total integrity," said Joe F. Sanderson Jr., chairman of the board and chief executive officer of Sanderson Farms. "We hope these disclosures will provide decision-useful information to...
Smithfield Foods to Become Carbon Negative by 2030
Smithfield Foods, Inc. announced a commitment to becoming carbon negative in all company-owned operations in the United States by 2030. A leader in sustainability for more than two decades, the company will go beyond carbon neutrality to effectively remove more carbon from the atmosphere than it emits. It will achieve this goal without purchasing carbon credits to offset emissions.
"As the world grapples with environmental challenges impacting our planet, consumers are looking to companies to take deliberate, bold action to address issues such as climate change," said Kenneth M. Sullivan, president and chief executive officer, Smithfield Foods. "The world is at an inflection point. To feed a growing world population, with finite resources available to grow and produce the food we need, we must...
The Nature Conservancy, Cargill, McDonald’s and Target Unite to Invest in Beef Sustainability
The Nature Conservancy, McDonald’s, Cargill and Target are coming together to launch a new five-year, $8.5 million project aimed at working with Nebraska farmers to advance proven soil health practices to help mitigate greenhouse gas emissions and help farmers adapt to climate change. Overall, this effort has the potential to sequester 150,000 metric tons of carbon dioxide over the course of the project – equivalent to removing over 32,000 cars from the road in one year.
Nebraska is one of the top states for U.S. beef production and among the top three states for corn production, a key ingredient for cattle feed. This project will work with interested farmers to reach...
Cargill Releases Annual Report
Fiscal 2020 was a year like no other. In such a challenging environment, Cargill has anchored to its purpose and values. The company exists to nourish the world in a safe, responsible and sustainable way. Despite challenges facing the food and ag system and disruptions from the COVID-19 pandemic, Cargill’s FY 2020 annual report, Nourishing the World, demonstrates how the team’s resiliency and agility helped to keep supply chains moving to put food on family tables around the globe.
“The last year taught us that we are capable of so much more than we previously thought. We can move faster, with more agility, navigating a crisis while keeping our people’s wellbeing front and center,” said David MacLennan, Cargill’s chairman and CEO. “We are grateful to our employees, customers and...
Merck Animal Health Acquires IdentiGEN
Merck Animal Health, known as MSD Animal Health outside the United States and Canada, a division of Merck & Co., Inc., Kenilworth, N.J., USA, today announced the completion of its acquisition of IdentiGEN, a leader in DNA-based animal traceability solutions for Livestock and Aquaculture from MML Growth Capital Partners Ireland. Specific terms of the agreement were not disclosed.
IdentiGEN’s technology combines each species’ unique DNA (deoxyribonucleic acid) and data analytics to provide an evidence-based animal traceability solution, called DNA TraceBack, to accurately and precisely trace beef, seafood, pork and poultry that is verifiable from farm-to-table.
Food producers, processors and retailers are looking for accurate and complete animal traceability solutions that provide full accountability, as well as...
Technomic Updates Their 2020 Foodservice Trend Predictions For Today's 'New Environment'
Back in October 2019, Technomic, a company that provides research, insights and strategic consulting for the foodservice industry, released their take on trends to watch for in 2020. Their report highlighted predictions on food, flavor, operations and consumer attitudes. But what Technomic — and the rest of the world for that matter — didn’t take into account was that a pandemic would sweep the globe and upend the food industry.
A lot has changed since the beginning of the year, and now Technomic is taking a look at how their...
Maple Leaf Foods Releases 2019 Sustainability Report
Maple Leaf Foods, Inc., announced the release of its 2019 Sustainability Report, outlining the company's key programs and achievements during the past year, as well as future initiatives and priorities supporting Maple Leaf Foods' purposeful journey to be the most sustainable protein company on earth.
In 2019, Maple Leaf Foods continued its commitment to sustainability and made meaningful progress, including becoming the first major carbon neutral food company in the world and setting science-based greenhouse gas emissions targets. Maple Leaf Foods' commitment to the environment comes from a recognition that producing nutrient-dense protein takes...
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