ORLANDO, Fla., Dec. 8, 2021 /PRNewswire/ -- Tupperware
Brands Corporation (NYSE: TUP), a leading global consumer products
company, today published its 2020 sustainability report, which
details the 75-year-old company's commitment to further integrating
environmental, social, and governance (ESG) efforts into its
business strategy and as part of its ongoing Turnaround Plan.
Since 1946, the Tupperware® brand has been synonymous with
reusability and durability, saving people time and money, and
reducing food waste. In 2020, Tupperware conducted a critical
exercise in order to redefine the company's purpose and lean into
the brand's heritage to "nurture a better future, every
day". This purpose is achieved by using
Tupperware® products to replace single-use plastic and reduce
food waste, as well as by offering people around the world an
opportunity to potentially earn income by establishing their own
goals and running their own business.
In early 2021, Tupperware completed a materiality assessment in
order to define the areas most important to the business, and began
by building a thoughtful ESG strategy to address these critical
areas. Based on this assessment, the 2020 sustainability report
highlights a ten-year plan in the environmental pillar, and for the
first time, defines Social and Governance targets in the areas of
diversity, equity, and inclusion, and ESG compensation and
performance-based metrics.
The report details the company's new ESG targets for 2025 and
2030, aligned with the United Nations Sustainable Development Goals
5, 6, 12, and 13. Highlights include:
Environmental Goals
- In 2020, among other achievements, Tupperware achieved the
following results at the company's owned manufacturing
facilities:
-
- 72% diversion of waste diverted from disposal
- 26% reduction in water withdrawal per ton of product
- 14% reduction in GHG emissions per ton of product
- 9% reduction in energy consumption per ton of product
- Tupperware defined a new set of environmental targets for
manufacturing operations, including 90% absolute reduction of GHG
emissions generated in the company's owned manufacturing plants by
2030.
- The company established revised circularity targets including
95% elimination of non-recyclable, non-compostable,
non-biodegradable, non-reusable plastic packaging for
Tupperware® products by 2030.
Social Goals
- The COVID-19 pandemic required Tupperware's independent global
sales force in 2020 to shift its traditional in-person parties to a
virtual format, with successful adoption of digital tools that
enabled direct connection with consumers through social media,
personalized web pages, and online parties.
- In 2020, the Company also achieved the following:
-
- Tupperware was named by Newsweek as one of America's Most
Responsible Companies and recognized by Fast Company in their
Brands That Matter list.
- Women now hold 60% of the company's executive and management
roles.
- Tupperware's global corporate giving amounted to $4.24 million in 2020, which represents 3.8% of
annual net income.
- Tupperware also defined, for the first time, a target to
achieve certification by a globally recognized intersectional
equity standard by 2030.
Governance Goals
- In 2020, Tupperware achieved the following:
-
- Welcomed Miguel Fernandez,
President and CEO of Tupperware Brands, in April 2020 along with a number of new executives
to support the creation and implementation of the company's
three-year Turnaround Plan.
- Modified the Board of Directors that reflects a profile
comprised of 45% women.
- For the first time, Tupperware defined governance targets
related to the diversity of the company's Board of Directors as
well as introduced ESG performance and compensation-related targets
to be achieved by 2030.
"Since Tupperware's very beginning, we have focused on how we
can better care for both people and the planet, using our products
to reduce waste and empowering individuals across the world to
start, build, and succeed in their entrepreneurial journey through
a business opportunity in selling Tupperware® products," said
Miguel Fernandez, President and
Chief Executive Officer of Tupperware Brands.
"Despite the recent challenges facing businesses worldwide due
to COVID-19, we know there is value in doing the right thing across
all aspects of our business, which is why we made tremendous
efforts over the past 18 months to hone in on our ESG goals. As we
continue along the journey of our Turnaround Plan, our ESG
priorities are critical to the success of our business and to the
contributions we want our brand to make for current and future
generations," added Fernandez.
The full report is available here.
About Tupperware Brands Corporation
Tupperware Brands
Corporation (NYSE: TUP) is a leading global consumer products
company that designs innovative, functional and environmentally
responsible products that people love and trust. Founded in 1946,
Tupperware's signature container created the modern food storage
category that revolutionized the way the world stores, serves and
prepares food. Today, this iconic brand has more than 8,500
functional design and utility patents for solution-oriented kitchen
and home products. With a purpose to nurture a better future,
Tupperware® products are an alternative to single-use items. The
Company distributes its products into nearly 70 countries primarily
through independent representatives around the world. For more
information, visit Tupperwarebrands.com or follow Tupperware on
Facebook, Instagram, LinkedIn and Twitter.
Media: Cameron Klaus, cameronklaus@tupperware.com,
407.371.9784
Investors: Alexis Callahan,
alexiscallahan@tupperware.com, 321.588.5129
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SOURCE Tupperware Brands Corporation