Tyson Foods Joins McDonald’s in Mutual Commitment to Diversity, Equity and Inclusion
July 22 2021 - 10:00AM
Tyson Foods, Inc. (NYSE: TSN) one of the world’s leading protein
producers, announced today that it has joined the McDonald’s Mutual
Commitment to Diversity, Equity and Inclusion (MCDEI). Tyson’s
employee base is enormously diverse, with more than 50 languages
spoken by team members across the company’s U.S. business. Today’s
announcement follows the company’s longstanding and publicly stated
commitment to diversity, also a part of its core values.
As an early adopter of the MCDEI, Tyson Foods
will continue to advance diversity, equity and inclusion by
committing to actions like setting representation goals, conducting
education and training, increasing diverse supplier spend and
developing innovative programs and partnerships to increase
diversity and inclusion across its business.
“At Tyson, our team members reflect every part
of America today – diversity isn’t a concept at our company, it’s
something we witness every day at every single one of our
facilities. So, we are proud to have our commitment be reflected in
McDonald’s Mutual Commitment to Diversity, Equity and Inclusion,”
said John R. Tyson, chief sustainability officer at Tyson
Foods.
McDonald’s will begin the comprehensive effort
with U.S.-based suppliers, before expanding globally, with the goal
of full implementation across McDonald’s value chain by 2025.
Additionally, McDonald’s USA is committing to increase purchases
from diverse-owned suppliers1[1] by nearly 10% by 2025 representing
approximately a quarter of its U.S. spend.
“We are pleased that Tyson Foods has decided to
join us on the next phase of our journey by joining the MCDEI,”
said SVP and Chief Supply Chain Officer Marion Gross. “McDonald’s
and Tyson Foods have a long history together, and we look forward
to maximizing our collective efforts to contribute to a more
equitable future.”
In support of the pledge and its suppliers’
efforts, McDonald’s is also providing resources and best-practice
sharing. To date, more than 20 companies, including Tyson Foods
have joined the MCDEI.
Members of Tyson Foods’ leadership have been
through unconscious bias training provided by an outside management
consulting group and the training is being expanded to other parts
of the company.
Executive leadership at Tyson has also
recommitted its support and sponsorship of the
company’s Business Resources Groups (BRG), which has doubled
in membership and resulted in the addition of Latinx, Asian and
Allies and African Ancestry Alliance BRGs. The other BRGs include
DisAbility and Accessibility Awareness, Pride Network, Veterans and
Friends, Women and Leaders of Tomorrow.
Tyson Foods has a diverse Board of Directors and
Executive Leadership Team. The company recently created a new
position of Vice President & Chief Diversity Officer, which
will include a team to help manage and promote the company’s
diversity support efforts. The VP & Chief Diversity Officer
will report the company’s Chief Sustainability Officer and focused
on managing the people elements of the company’s sustainability
efforts.
In the past year Tyson Foods pledged to
donate $5 million over three years to organizations such as
the Equal Justice Initiative, The Executive Leadership
Council and the National Urban League. The company
has donated more than $3 million thus far, funding that has gone to
the important work of providing economic empowerment, improving
educational opportunities and protecting civil rights for the
underserved in America. The company also awarded a series of grants
to organizations that are working to address the civil and human
rights of Asian Americans, including Asian Americans Advancing
Justice – AAJC, Asian Americans Advancing Justice – Chicago and the
National Association of Asian American Professionals.
Tyson Foods publicly discloses the ethnicity of
its U.S. workforce in its annual sustainability report. The company
has also started sharing similar human capital information in the
annual report (Form 10-K) filed with the Securities and Exchange
Commission (SEC).
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
139,000 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 TYSONFOODS.COM to learn more.
Contact: Caroline Ahn, caroline.ahn@tyson.com,
312-614-6047
[1] McDonald’s USA defines diverse-owned
business as those owned by women and/or Black, Hispanic, Asian,
Indigenous, Veteran, LGBTQ+, and disabled persons.
Category: IR, Newsroom
Tyson Foods (NYSE:TSN)
Historical Stock Chart
From Jun 2024 to Jul 2024
Tyson Foods (NYSE:TSN)
Historical Stock Chart
From Jul 2023 to Jul 2024