Business
New ESG Strategy
New ESG Strategy.
About this update from Premier Foods Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 7010Q\n Premier Foods plc\n 29 October 2021\n \n \n \n \n \n \n \n 29 October 2021\n \n \n Premier Foods plc (the \"Company\" or the \"Group\")\n \n \n \n \n \n \n \n \n \n \n \n \n Premier Foods announces new ESG strategy with series of major sustainability commitments \n \n \n \n \n \n \n \n \n \n · \n Group announces new ESG strategy \"Enriching Life Plan\" focusing on three key pillars\n \n \n · \n Product:\n \n \n - \n More than doubling the sales of products that meet high nutrition standards1 by 2030\n \n \n - \n £250m sales from plant-based2 products by 2030\n \n \n · \n Planet: \n \n \n - \n Reduction of Scope 1 and 2 carbon emissions by 42% by 2030\n \n \n - \n Achieve Net Zero for direct emissions by 20403\n \n \n - \n Introduction of Science Based Targets aligned to the 'Business Ambition for 1.5'\n \n \n - \n Halve food waste by 2030\n \n \n · \n People:\n \n \n - \n Gender balance for senior management population by 2030\n \n \n - \n Donation of 1 million meals to those in food poverty per annum by 2030\n \n \n · \n ESG strategy, inspired by new Company purpose, 'Enriching Life Through Food'\n \n \n \n \n \n \n \n \n \n Alex Whitehouse, Chief Executive Officer\n \n \n \n \n \n \n \n \"Over the last few years, we have made some very good progress against our previous ESG strategy and we are proud of the achievements that we have made so far. We have evolved rapidly as a business over the last eighteen months and we now have ambitions which are much bigger and bolder. So today we are launching a new ESG strategy which reflects this ambition. We firmly believe that we should take responsibility for helping to support a healthier planet, for delivering new product options to help consumers eat more healthily and in caring for our colleagues and communities.\"\n \n \n \n \n \n \n \"Therefore, we are today laying out a comprehensive set of new commitments. For example, we will reduce our Scope 1 & 2 carbon emissions by 42% by 2030 and be carbon Net Zero for these emissions by 2040, to align with the 'Business Ambition 1.5'. We also expect to halve our food waste and are committing to a deforestation free supply chain by 2030. \n \n \n We will leverage our proven branded growth model and insight dri...