Company shares decarbonization strategies in
first Climate Transition Action Plan, sets no deforestation
commitment, highlights community impact and progress across
commitments
General Mills (NYSE: GIS) today released its 2024 Global
Responsibility Report, detailing progress the company made across
three priority areas – Planet, People and Food – during its 2023
fiscal year, June 1, 2022, through May 28, 2023. The report marks
General Mills’ 54th year of reporting on its environmental and
social impact, reinforces the company’s commitment to transparency,
and features how General Mills is Standing for Good, a pillar of
its Accelerate business strategy.
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the full release here:
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General Mills is releasing its first
Climate Transition Action Plan aimed to drive collective action and
continued progress toward the company’s commitment to reduce
greenhouse gas (GHG) emissions across its value chain by 30 percent
by 2030 and achieve net zero emissions by 2050. (Graphic: Business
Wire)
“General Mills has a nearly 160-year legacy of standing for
good, and we’re proud of the impact we’ve had and committed to
continuing that journey,” said Jeff Harmening, chairman and CEO,
General Mills. “When it comes to the products we make, it’s never
just a box – it’s a promise that care has been taken in all aspects
of making it. That promise extends beyond nutrition and great taste
to our efforts to improve farmland soil health, be a responsible
employer and contribute meaningfully to our communities.”
Standing for Planet
As a global food company, General Mills recognizes the risks
that climate change presents to people, planet, and its business.
To drive collective action and continued progress toward the
company’s commitment to reduce greenhouse gas (GHG) emissions
across its value chain by 30 percent by 2030 and achieve net zero
emissions by 2050, General Mills is releasing its first Climate
Transition Action Plan.
The plan details the company’s integrated approach and evolved
decarbonization strategies across four key climate levers –
agriculture and ingredients, energy and manufacturing,
transportation, and packaging.
General Mills is advancing work to reduce its climate impacts.
The company surpassed its 2030 Scope 1 and Scope 2 SBTi goals in
2022 and is driving further reductions across its owned operations.
Nearly half of the company’s GHG emissions occur upstream of its
direct operations, in agriculture, ingredients and packaging.
Through 2023, General Mills reduced total value chain emissions by
seven percent and further reduced Scope 1 and 2 emissions by 12
percent compared to last year, and 51 percent compared to its 2020
baseline.
“The health of our planet and our ability to make food the world
loves are inherently intertwined,” said Mary Jane Melendez, chief
sustainability and global impact officer, General Mills. “Our
Climate Transition Action Plan and continued progress demonstrate
how we are working from the ground up, with partners across our
value chain and industry, to help solve today’s food and
agriculture challenges and build a resilient future.”
Additional Planet progress in fiscal 2023 includes:
- Advancing regenerative agriculture: More than 500,000
acres engaged in General Mills’ regenerative agriculture programs –
more than halfway to the company’s 2030 commitment.
- Committing to no deforestation: General Mills is
committing to no deforestation in the supply chains of the palm,
cocoa, and fiber it sources by 2025. This new goal builds on work
the company has done since 2014 and supports land use change
emissions reductions and forest protection.
- Sourcing renewable electricity: Achieved 97 percent of
the company’s target to source 100 percent renewable electricity
for its global operations by 2030.
- Designing recyclable and reusable packaging:
Ninety-three percent of General Mills’ packaging was recyclable or
reusable (by weight).
Standing for People
In 2023, General Mills continued to reinforce its newest core
value, “Champion Belonging,” underlining its commitment to
fostering an inclusive culture where all employees feel supported
and can show up as their authentic selves. The company also made
strides in its journey to increase workforce diversity. Outside the
workplace, General Mills is helping support its hometown
communities around the world through charitable giving,
volunteerism, and food donations.
“It is incredibly powerful when we come together to make an
impact,” said Jacqueline Williams-Roll, chief human resources
officer, General Mills. “Whether that is through fostering a
culture of belonging at General Mills to leveraging our resources
to help communities in need around the world, I am incredibly proud
of all the ways Team General Mills comes together to stand for
good, put people first, and make a positive difference.”
Additional People progress in fiscal 2023 includes:
- Championing belonging: Ninety percent of employees said
that General Mills is a great place to work, and 87 percent of
employees said they feel like they belong at General Mills.
- Increasing workforce diversity: General Mills exceeded
its target to reach 25 percent minority representation and
increased representation of Black managers within its U.S.
workforce. For the first time ever, the company reached gender
parity at the Director level and increased female representation at
the Officer level by four percent since last fiscal year.
- Supporting global hometown communities: Through a
combination of food and monetary donations, General Mills
contributed $112.5 million in support of its hometown communities.
Since 2019, the company and its philanthropic partners have enabled
42.6 billion meals worldwide.
Making Food the World Loves
As a global food company, General Mills embraces the diversity
of people’s needs, keeping consumers at the heart of everything
they do. With more than 100 brands across 100 countries, General
Mills provides consumers with a variety of foods to nourish people
and their pets, while keeping people and planet in mind.
Notable Food progress in fiscal 2023 includes:
- Reducing food waste: Since 2017, General Mills has
served as a strategic partner and funder of MealConnect, an
innovative food recovery platform created by Feeding America that
helps rescue and redistribute good food to charitable organizations
serving people in need. To date, MealConnect has recovered more
than six billion pounds of food and enabled billions of nourishing
meals for food-insecure people.
- Providing natural and organic options: The company
maintained its leadership as the largest producer of natural and
organic packaged food in the U.S., and one in 10 products within
the company’s North American portfolio is certified organic or made
with organic ingredients.
- Meeting consumer preferences: As consumers’ desires for
personalized nutrition expands, General Mills works to provide
innovative product offerings to meet their specific nutrition and
lifestyle goals. In 2023, General Mills doubled Vitamin D in its
Big G cereals. The company also has over 1,200 products labeled as
gluten-free and 750 vegan products.
To learn more about General Mills’ progress, visit
GeneralMills.com/howwemakeit.
G STANDS FOR GOOD
General Mills stands for good – for the people we serve, the
brands you love and the planet we depend on. For nearly 160-years,
General Mills has believed doing good and good business go
hand-in-hand. The company is putting people first by improving food
security and advancing diversity, inclusion, and a culture of
belonging, and by creating positive planetary outcomes through
actions beyond its walls. Learn more at
GeneralMills/gstandsforgood.
ABOUT GENERAL MILLS
General Mills makes food the world loves. The company is guided
by its Accelerate strategy to drive shareholder value by boldly
building its brands, relentlessly innovating, unleashing its scale
and standing for good. Its portfolio of beloved brands includes
household names such as Cheerios, Nature Valley, Blue Buffalo,
Häagen-Dazs, Old El Paso, Pillsbury, Betty Crocker, Yoplait,
Totino’s, Annie’s, Wanchai Ferry, Yoki and more. Headquartered in
Minneapolis, Minnesota, USA, General Mills generated fiscal 2023
net sales of U.S. $20.1 billion. In addition, the company’s share
of non-consolidated joint venture net sales totaled U.S. $1.0
billion.
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