Business
Vital Farms Sets Three ESG Goals and Celebrates Progress Towards Improving the Lives of People, Animals, and the Planet Through Food in 2023 Impact Report
AUSTIN, Texas, March 09, 2023 (GLOBE NEWSWIRE) -- When Vital Farms (Nasdaq: VITL) began as a single-family farm in Austin, TX, we had one mission in mind:
About this update from Vital Farms, Inc.
[{"type":"text","content":"AUSTIN, Texas, March 09, 2023 (GLOBE NEWSWIRE) -- When Vital Farms (Nasdaq: VITL) began as a single-family farm in Austin, TX, we had one mission in mind: bring more ethical food to the table. Over the past 15 years, we’ve remained committed to that mission in partnership with our stakeholder community, which continues to grow. We’re now grateful to work with over 300 family farms, crew members in over 30 states, thousands of retail and foodservice customers, and millions of people across the country who cook with our eggs and butter. As a mission-driven company, we’re committed to creating sustainable, positive outcomes for all of our stakeholders. Last year, we released our first-ever Sustainability Report, which recognized the impact we’ve made through areas of environment, social, and governance (ESG). With the release of our second report this year – recast as our Impact Report – we’re taking this work a step further by laying out a series of measurable, meaningful impact goals. This year’s report recognizes the progress we’ve made embedding impact into our business and defines short- and medium-term goals that are grounded in our purpose to improve the lives of people, animals, and the planet through food. We’re aiming to hit three notable goals over the next five years: First, we’re planning to achieve zero waste-to-landfill at our egg washing and packing facility, Egg Central Station, by the end of 2023.Next, we’re scaling regenerative agriculture practices to all farmers in our network by 2026.And finally, we’re reducing carbon intensity in our operations by 25 percent by 2027. “The goals we’ve laid out in this year’s report are steppingstones to building an increasingly resilient Vital Farms,” said Joanne Bal, General Counsel, Corporate Secretary, and Head of Impact, Vital Farms. We’ve embedded this impact framework into our business and are focused on consistent, steady progress towards meaningful outcomes.”.” This report also shares clear, tangible progress we’ve made addressing a wide range of issues like climate change and ecological impact, crew member professional development, our diversity, equity, and inclusion (DEI) and farmer welfare goals, and supply chain management. Highlights from the report include: We have aligned our reporting framework with the Task Force on Climate-Related Financial Disclosures to in...