Snack Company Focuses on Advancing its People,
Product, Planet and Governance Initiatives
LENEXA,
Kan., June 27, 2023 /PRNewswire/ -- Hostess
Brands, Inc. (NASDAQ: TWNK) today released its 2022-2023 Corporate
Responsibility Report, "Inspiring Moments of Joy with Transparency
and Progress," and announced the company's initiatives in the
priority areas of people, product, planet and governance.
"At Hostess Brands, we put corporate responsibility at the heart
of everything we do, and I'm proud of our team for the actions they
have taken to advance our journey as a socially responsible
company. This report demonstrates our tangible commitments to our
stakeholders, including the communities in which we live and work,"
said Andy Callahan, president and CEO of Hostess Brands.
Following are highlights of some of the achievements the company
has made in each of the four priority areas:
- People:
-
- Hostess Brands announced its new partnership with the National
Alliance on Mental Illness (NAMI) in September 2022 to emphasize the importance of
mental health resources for all employees and its commitment to
becoming a stigma-free workplace. Hostess Brands' employees helped
raise awareness and financial support for NAMI by participating in
local NAMIWalks, convening employee events with NAMI experts that
focused on reducing the stigma of mental health conditions in the
workplace, and mental health challenges specific to active members
of the military, veterans and their families.
- Product:
-
-
- In 2022, Hostess Brands joined the Children's Food &
Beverage Advertising Initiative (CFBAI) and pledged not to
advertise to children under the age of 13*.
- This year, the company is partnering with SeeHer, whose
mission is to increase the representation and accurate portrayal of
all women and girls in marketing, media and entertainment to
reflect culture and transform society.
- All seven Hostess Brands facilities have been audited by the
British Retail Consortium Global Standards (BRCGS) and have
received AA certifications in the most recent
announced audits. Going forward, the company has set a
goal of an A+ or higher grade during its BRCGS unannounced audits,
a Global Food Safety Initiative (GFSI) benchmarked certification
standard, for 2023.
- Planet:
-
- The company continues a positive trend across its Carbon
Disclosure Project (CDP) scores. In 2022, the company was above the
North American industry average for water and climate for a second
year in a row.
- Over the last three years, Hostess Brands has reduced
normalized water consumption by 18%, and, in 2023, will roll out
new initiatives in an effort to continue to reduce normalized water
consumption across its facilities.
- Hostess Brands continues to evolve its corporate responsibility
roadmap while looking at how it can provide a positive impact
through packaging life cycle management. In 2022, the company
removed 1 million pounds of material from packaging. Additionally,
all of the company's folding cartons and corrugated packaging was
recyclable.
- Governance:
-
- In 2022, Hostess Brands named Darryl
Riley as its first chief sustainability officer to drive
continued progress and integration of corporate responsibility and
sustainability throughout the company,
- Hostess Brands continues to maintain a diverse, professional
and highly qualified board of directors, including its Nominating
and Governance Committee that is charged with overseeing the
company's corporate responsibility efforts.
The Hostess Brands 2022-2023 Corporate Responsibility Report can
be viewed in full here.
About Hostess Brands, Inc.
Hostess Brands, Inc.
(NASDAQ: TWNK) is a premier snacking company with a portfolio of
iconic brands and a mission to inspire moments of joy by putting
our heart into everything we do. Hostess Brands is proud to make
America's No. 1 cupcake, mini donut and zero sugar cookie brands.
With annual sales of $1.4 billion and
approximately 3,000 dedicated team members, Hostess Brands produces
new and classic snacks, including Hostess® Donettes®, Twinkies®,
CupCakes, Ding Dongs® and Zingers®, as well as a variety of
Voortman® cookies and wafers. For more information about Hostess
Brands please visit hostessbrands.com.
Media Contact:
Jenna
Greene
jenna.greene@clynch.com
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SOURCE Hostess Brands