Sysco Announces 2025 Corporate Social Responsibility Goals
August 13 2018 - 5:00PM
Sysco Corporation (NYSE:SYY), the leading global foodservice
distribution company, announced today its 2025 Responsibility
Goals, building on the company’s long-standing Corporate Social
Responsibility (CSR) initiatives. These newly defined goals set a
clear path for the future and demonstrate the company’s continued
commitment to care for people, supply products responsibly and
protect the planet.
“As the global leader in foodservice
distribution, it is our responsibility to operate in a manner that
meets the needs of our customers today, while producing positive,
lasting change,” said Tom Bené, Sysco’s president and chief
executive officer. “Our 2025 goals are a solid foundation that
further demonstrate our global sustainability commitment. We are
leading our industry with our CSR initiatives and by including
specific long-term goals that align with our strategic business
priorities, we are living our vision of becoming our customers’
most valued and trusted business partner.” Themed Delivering A
Better Tomorrow, Sysco’s 2025 Responsibility Goals are aligned to
three focus areas: People, Products and Planet.
People
Sysco will care for people by giving back, doing
good and changing lives in our communities; creating a diverse and
inclusive work environment; and empowering associates, customers
and the next generation to make healthy choices about lifestyles
and diet.
Specifically, the company has set the following
People goals to achieve by 2025:
- Charitable Giving
- Donate a total of 200 million meals in our local
communities.
- Contribute a total of $50 million to our local
communities.
- Diversity and
Inclusion
- Increase total U.S. associate ethnic and gender diversity to 62
percent.
- Increase spend 25 percent with women and minority-owned
suppliers.
- Health and Well-Being
- Expand products in our portfolio
with health and wellness benefits.
- Double associate participation in
health and wellness programs.
Products
Sysco will supply products responsibly by
improving animal welfare in the foodservice industry; minimizing
negative environmental, social or ethical impacts when sourcing
products; and ensuring that human rights are respected in the
company’s operations, as well as the global supply chain.
Specifically, the company has set the following
Product goals to achieve by 2025:
- Animal Welfare
- Publish Sysco’s Animal Welfare Policy and ensure compliance by
all Sysco Brand Suppliers.
- Responsible
Sourcing
- Identify and develop responsible sourcing commitments for five
key commodities.
- Human Rights
- Ensure all high-risk suppliers
abide by Sysco’s Global Supplier Code of Conduct.
Planet
Sysco will protect the planet by advancing
sustainable agriculture practices, reducing the company’s carbon
footprint and diverting waste from landfills, in order to protect
and preserve the environment for future generations.
Specifically, the company has set the following
Planet goals to achieve by 2025:
- Sustainable Agriculture
- Double the availability of Sysco Brand organic produce.
- Extend our Sustainable Agriculture program into five fresh
crops.
- Energy
- Reduce the carbon footprint of our fleet and operations by
sourcing 20 percent of electricity from renewable sources and
powering 20 percent of fleet vehicles with alternative fuels.
- Waste
- Divert 90 percent of operations and food waste from
landfills.
For more information on Sysco’s 2025
Responsibility Goals, visit www.Sysco.com/2025Goals.
About Sysco
Sysco is the global leader in selling, marketing
and distributing food products to restaurants, healthcare and
educational facilities, lodging establishments and other customers
who prepare meals away from home. Its family of products also
includes equipment and supplies for the foodservice and hospitality
industries. With more than 67,000 associates, the company operates
approximately 330 distribution facilities worldwide and serves more
than 600,000 customer locations. For fiscal 2018 that ended
June 30, 2018, the company generated sales of more than $58
billion.
For more information, visit
www.sysco.com or connect with Sysco on Facebook at
www.facebook.com/SyscoCorporation or Twitter at
https://twitter.com/Sysco. For important news and information
regarding Sysco, visit the Investor Relations section of the
company’s Internet home page at investors.sysco.com, which Sysco
plans to use as a primary channel for publishing key information to
its investors, some of which may contain material and previously
non-public information. Investors should also follow us at
www.twitter.com/SyscoStock and download the Sysco IR App,
available on the iTunes App Store and the Google Play Market.
In addition, investors should continue to review our news releases
and filings with the SEC. It is possible that the information we
disclose through any of these channels of distribution could be
deemed to be material information.
Forward-Looking Statements
Certain statements made herein are
forward-looking statements under the Private Securities Litigation
Reform Act of 1995. They include statements that express
management’s expectations or beliefs regarding the future. These
statements involve risks and uncertainties and are based on
management's current expectations and estimates; actual results may
differ materially. For a discussion of the risks, uncertainties and
other factors that could cause actual results to differ materially
from the forward-looking statements expressed herein, see the
company’s Annual Report on Form 10-K for the year ended July 1,
2017, as filed with the SEC, and the company’s subsequent filings
with the SEC (available at www.sec.gov). Sysco does not undertake
to update its forward-looking statements, except as required by
applicable law.
Neil Russell |
|
Camilla Zuckero |
Investor
Contact |
|
Media Contact |
T 281-584-1308 |
|
T 281-899-1839 |
|
|
Zuckero.camilla@corp.sysco.com |
Sysco (NYSE:SYY)
Historical Stock Chart
From Aug 2024 to Sep 2024
Sysco (NYSE:SYY)
Historical Stock Chart
From Sep 2023 to Sep 2024