OAK
BROOK, Ill., Aug. 1, 2024
/PRNewswire/ -- TreeHouse Foods, Inc. (NYSE: THS) today released
its 2024 Environmental, Social & Governance Report, which
captures progress made during 2023 toward the Company's 2030
Environmental Social & Governance ("ESG") Goals.
As a leading private brands snacking and beverage manufacturer
in North America, the Company
understands the significant role it plays in thousands of supply
chains. The Company's ESG work is integrated throughout its value
chain, from supplier engagement on responsible sourcing, to finding
efficiencies in its own operations, to partnering with customers on
sustainability efforts.
"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
Steve Oakland, Chairman, CEO and
President. "Our progress against our ESG goals has benefited more
than our environment and our communities – it has also strengthened
our strategic partnerships with our customers on similar ESG
journeys."
In addition to setting its 2030 ESG Goals, TreeHouse Foods' 2023
ESG highlights include:
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- Reduced water withdrawn in manufacturing operations by nearly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
Sustainability Accounting Standards Board ("SASB") and the Task
Force on Climate-Related Financial Disclosures ("TCFD") standards,
and the Company additionally anticipates publicly disclosing their
responses to the 2023 CDP Survey in September 2024.
To access the 2024 TreeHouse Foods ESG Report and for more
information, visit the ESG page on the TreeHouse Foods website at
https://www.treehousefoods.com/esg.
ABOUT TREEHOUSE FOODS
TreeHouse Foods, Inc. is a leading private brands snacking and
beverage manufacturer in North
America. Our purpose is to engage and delight - one customer
at a time. Through our customer focus and category experience, we
strive to deliver excellent service and build capabilities and
insights to drive mutually profitable growth for TreeHouse and for
our customers. Our purpose is supported by investment in depth,
capabilities and operational efficiencies which are aimed to
capitalize on the long-term growth prospects in the categories in
which we operate.
Additional information, including TreeHouse's most recent
statements on Forms 10-Q and 10-K, may be found at TreeHouse Foods'
investor relations website.
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 December 31, 2023, and
from time to time in our filings with the Securities and Exchange
Commission ("SEC"). You are cautioned not to unduly rely on such
forward-looking statements, which speak only as of the date made
when evaluating the information presented in this press release.
TreeHouse expressly disclaims any obligation or undertaking to
disseminate any updates or revisions to any forward-looking
statement contained herein, to reflect any change in its
expectations with regard thereto, or any other change in events,
conditions or circumstances on which any statement is based.
RELATED LINKS
http://www.treehousefoods.com
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SOURCE TreeHouse Foods, Inc.