Tyson Foods Partners with Proforest to Conduct Deforestation Risk Assessment
October 29 2019 - 6:55AM
Tyson Foods, Inc. (NYSE: TSN) is partnering with Proforest, an
independent organization focused on sustainability in the forest
and agricultural sectors and implementation of responsible sourcing
practices, to help the company conduct a deforestation risk
assessment across its global agriculture supply chain.
The assessment will be conducted to help identify if there is
risk in the company’s sourcing origins, focusing on commodities
such as cattle, palm oil, soy, timber, pulp and paper.
Findings will inform the development of a Tyson Foods Forest
Protection Policy in 2020. The assessment is also expected to
inform, if necessary, the implementation of actions to mitigate or
eliminate any identified deforestation risks.
In 2017, Tyson Foods partnered with an environmentally focused
non-government organization to conduct a sustainable sourcing risk
assessment, which classified the company’s deforestation risk as
minimal to low. Since then, the company has expanded its
international presence from two countries to nine, with the
acquisition of Keystone Foods and additional poultry businesses in
Thailand and Europe. Given the company’s expanded footprint, the
supply chain will be reassessed to identify and classify potential
risks.
“We’re committed to sustainably feeding the world. As part of
that, we must operate with a high degree of certainty about
sourcing in our supply chains across the globe,” said John R.
Tyson, chief sustainability officer for Tyson Foods. “We look
forward to working with Proforest to better understand potential
risks and do our part on this complicated issue.”
Proforest will partner with Global Canopy, an international
environmental NGO, and utilize Trase, a publicly available supply
chain mapping platform developed by the Stockholm Environment
Institute and Global Canopy.
In addition to the partnership with Proforest, Tyson Foods
recently became a member of the Round Table on Responsible Soy
(RTRS), a civil organization that promotes responsible production,
processing and trading of soy on a global level. The company is
also a member of the Roundtable on Sustainable Palm Oil (RSPO), a
civil organization that works with stakeholders from across the
palm oil industry to develop global standards to define and certify
sustainable palm oil.
About Tyson FoodsTyson Foods, Inc. (NYSE: TSN)
is one of the world’s largest food companies and a recognized
leader in protein. Founded in 1935 by John W. Tyson and grown under
three generations of family leadership, the company has a broad
portfolio of products and brands like Tyson®, Jimmy Dean®,
Hillshire Farm®, Ball Park®, Wright®, Aidells®,
ibp® and State Fair®. Tyson Foods innovates continually
to make protein more sustainable, tailor food for everywhere it’s
available and raise the world’s expectations for how much good food
can do. Headquartered in Springdale, Arkansas, the company has
121,000 team members. Through its Core Values, Tyson Foods strives
to operate with integrity, create value for its shareholders,
customers, communities and team members and serve as a steward of
the animals, land and environment entrusted to it. Visit
www.tysonfoods.com
About ProforestProforest is an independent
organisation that helps companies, governments and others to
implement their commitments to the responsible production and
sourcing of agricultural commodities and forest products. The group
works through a combination of programmes and consultancy services
in order to provide the most appropriate and up-to-date support to
its partners and clients. More information on Proforest is
available at www.proforest.net
Contact:Caroline Ahn, 312-614-6047, caroline.ahn@tyson.comEllen
Griffiths, 01865 243439 ext 139, ellen.griffiths@proforest.net
Category: IR, Newsroom
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