Beyond Meat, Inc. (NASDAQ: BYND), a leader in plant-based meat,
will be partnering with the newly formed non-profit Social Change
Fund to further the company’s commitment to fighting disparities in
the Black community through initiatives tied to social justice,
education and health equity. The Social Change Fund was created by
Chris Paul, Dwyane Wade, Carmelo Anthony and a group of Black
industry executives in response to the continued issue of racial
injustice. Beyond Meat and the Social Change Fund both share the
goal of creating lasting, systemic change for Black communities
across America and fighting for justice on all fronts.
“We are honored to join in partnership with
Chris Paul, Dwyane Wade, and Carmelo Anthony in support of the
Social Change Fund. Beyond Meat is dedicated to serving broader
social goals, using what’s on the center of the plate as a critical
starting point,” said Ethan Brown, Founder and CEO, Beyond Meat.
“And we are excited to support and work with the Social Change Fund
initiative to address racial inequalities in nutrition access and
health outcomes in America.”
“I’ve been a longtime supporter of Beyond Meat
and am excited to welcome them as a founding partner into the
Social Change Fund. Like the Social Change Fund, I know that Beyond
Meat is committed to progress for our communities. I look forward
to all the good that we can continue to do together,” said Chris
Paul, Beyond Meat investor and ambassador.
Beyond Meat believes food is a powerful vehicle
for change, as seen in the impact of the company’s Feed a Million+
initiative. Launched in early April, the Feed a Million+
pledge aimed to provide more than 1 million Beyond Burgers and
nourishing meals at no cost to frontline healthcare workers and
communities in need. Beyond Meat rallied its employees and
community of ambassadors and fans, including Chris Paul, Kevin
Hart, Ashanti, Karlie Kloss, Lindsey Vonn and P.K. Subban, to
nominate organizations to support. As the need continued to
grow, Beyond Meat has already exceeded its commitment and provided
over 5 million Beyond Burgers and nourishing meals through
donations to organizations such as Feeding America, Food Bank For
New York City, Lenox Hill Hospital, Cedars-Sinai, The Food
Bank for Central & Northeast Missouri, DC Central Kitchen,
Houston Food Bank, Second Harvest Canada and
more.
About Social Change
FundLaunched by Chris Paul, Dwyane Wade, Carmelo Anthony
and others in the Black community, the Social Change Fund is on a
mission to invest in and support organizations that are working to
liberate Black people and advocate for indigenous people and
communities of color through the lens of policy solutions,
community representation and narrative change. In partnership with
influential organizations, the Social Change Fund will work to
accelerate social change and sustainably build a fair, equitable
society.
Chris Paul is an investor and ambassador of
Beyond Meat, and an active philanthropist. As an athlete, Beyond
Meat’s mission aligns with Paul’s belief that food is foundational
to well-being and that nutritious, tasty options be available to
all. Earlier this year, Chris Paul and Beyond Meat CEO and Founder
Ethan Brown joined Michelle Obama’s Partnership for a Healthier
America to discuss the future of food and the role of companies
like Beyond Meat in creating health equality.
About Beyond Meat Beyond Meat,
Inc. (NASDAQ: BYND) is one of the fastest growing food companies in
the United States, offering a portfolio of revolutionary
plant-based meats. Founded in 2009, Beyond Meat has a mission of
building meat directly from plants, an innovation that enables
consumers to experience the taste, texture and other sensory
attributes of popular animal-based meat products while enjoying the
nutritional and environmental benefits of eating its plant-based
meat products. Beyond Meat’s brand commitment, Eat What You Love™,
represents a strong belief that by eating its portfolio of
plant-based meats, consumers can enjoy more, not less, of their
favorite meals, and by doing so, help address concerns related to
human health, climate change, resource conservation and animal
welfare. Beyond Meat’s portfolio of plant-based proteins were
available at approximately 94,000 retail and foodservice outlets in
75 countries worldwide as of March 28, 2020. Visit
www.BeyondMeat.com and follow @BeyondMeat, #BeyondBurger and
#GoBeyond on Facebook, Instagram and Twitter.
Media ContactShira
Zackaiszackai@beyondmeat.com
Forward Looking Statements
Certain statements in this release constitute
“forward-looking statements.” These statements are based on
management’s current opinions, expectations, beliefs, plans,
objectives, assumptions or projections regarding future events or
future results. These forward-looking statements are only
predictions, not historical fact, and involve certain risks and
uncertainties, as well as assumptions. Actual results, levels of
activity, performance, achievements and events could differ
materially from those stated, anticipated or implied by such
forward-looking statements. While Beyond Meat believes that its
assumptions are reasonable, it is very difficult to predict the
impact of known factors, and, of course, it is impossible to
anticipate all factors that could affect actual results. There are
many risks and uncertainties that could cause actual results to
differ materially from forward-looking statements made herein
including, most prominently, the risks discussed under the heading
“Risk Factors” in Beyond Meat’s Form 10-Q for the quarter ended
March 28, 2020 filed with the U.S. Securities and Exchange
Commission (“SEC”) on May 12, 2020, the Company’s Annual Report on
Form 10-K for the year ended December 31, 2019 filed with the SEC
on March 19, 2020, as well as other factors described from time to
time in Beyond Meat’s filings with the SEC. Such forward-looking
statements are made only as of the date of this release. Beyond
Meat undertakes no obligation to publicly update or revise any
forward-looking statement because of new information, future events
or otherwise, except as otherwise required by law. If we do update
one or more forward-looking statements, no inference should be made
that we will make additional updates with respect to those or other
forward-looking statements.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/734f6988-5b7c-4673-9be0-e0d3e7103eb2
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