Expanded disclosure sets 2025 targets that include reduced
water and energy intensity and drive to cut carbon
emissions
IRVING, Texas, Sept. 1, 2020 /PRNewswire/ -- Darling Ingredients
Inc. (NYSE: DAR), today announced the company's global
sustainability strategy and its 2025 sustainability targets
designed to enable company growth while improving sustainability
performance. As a global corporation, our strategy aligns the
objectives of our Corporate Social Responsibility (CSR) pillars
with specific Sustainable Development Goals (SDGs) as set out by
the United Nations Global Compact. The 2020 Environmental, Social,
and Governance (ESG) Factsheet is posted on our refreshed corporate
website at
https://www.darlingii.com/csr/resources/esg-factsheet.
"We see ourselves as part of the solution to protect the planet
and the life it sustains by repurposing the world's food waste
streams into valuable, sustainable ingredients all while assisting
in the decarbonization of the world," stated Randall C. Stuewe, Chairman and CEO of Darling
Ingredients. We have a responsibility for the generations to come
and our goals set today will help secure a pathway and provide us a
continual platform to expand and build on for many years to
come."
The company set meaningful short-term global targets to reduce
by five percent its water and energy intensity by 2025 from its new
base year of 2020. The company is also expanding production of
renewable diesel by 150 percent, which it expects to achieve in
2022.
Darling's Corporate Social Responsibility objectives are built
on three pillars:
- Cleaner Air & Water. Respecting and utilizing
natural resources to tackle today's climate challenges. The company
is making strategic investments that contribute to the paradigm
shift in the world's long-term energy balance by producing
renewable fuel from repurposed animal fats, organic residuals, and
oil and grease collected from restaurants. Darling's rendering
process generates more water than it withdraws – a net-positive
water contribution impact. Recovered water is treated and
recycled for reuse in the process, used for irrigation or returned
to local watersheds.
- Safer Food & Feed. Delivering high quality
ingredients and solutions for the agri-food industry. Darling is
committed to helping raise the quality of life for people and
animals. Much of the company's R&D efforts focus on developing
and producing innovative ingredients that help promote a healthy
diet and better quality of life.
- Better Communities & Workplaces. Contributing to an
economically and socially prosperous society. Safe and healthy
environments are crucial not only for Darling's employees, but for
the people, animals and nature that surround our offices and
facilities. Darling heavily invests in optimizing new technology
and processes that minimize the environmental impact of our
production facilities.
In pursuing these targets, the company's leadership will ensure
that its actions are consistent with responsible capital
allocation, commitment to its financial targets and the continued
creation of shareholder value. The company believes that
achieving its sustainability and business goals will enhance its
long-term financial performance and returns, while enabling it to
contribute to the sustainability of our planet.
Darling's sustainability commitment to build a better tomorrow
for all of the company's stakeholders is rooted in the belief that
has driven the company since its establishment in 1882: "We
connect economic with ecological value to make a difference. We do
this wherever we can, and where it contributes and matters
most."
Darling's global businesses play vital roles in carbon emissions
avoidance and critical water management. The company's purpose is
to repurpose organic waste into sustainable food, feed and fuel
that improve the quality of life for humans and animals while
protecting the planet and the life it sustains for future
generations. "What we produce is important, but so is how we
produce it."
About Darling
Darling Ingredients Inc. is a global
developer and producer of sustainable natural ingredients from
edible and inedible bio-nutrients, creating a wide range of
ingredients and specialty solutions for customers in the
pharmaceutical, food, pet food, feed, technical, fuel, bioenergy,
and fertilizer industries. With operations on five
continents, the Company collects and transforms all aspects of
animal by-product streams into useable and specialty ingredients,
such as gelatin, edible fats, feed-grade fats, animal proteins and
meals, plasma, pet food ingredients, organic fertilizers, yellow
grease, fuel feedstocks, green energy, natural casings and
hides. The Company also recovers and converts recycled oils
(used cooking oil and animal fats) into valuable feed and fuel
ingredients and collects and processes residual bakery products
into feed ingredients. In addition, the Company provides
environmental services, such as grease trap collection and disposal
services to food service establishments. The Company sells its
products domestically and internationally and operates within three
industry segments: Feed Ingredients, Food Ingredients and Fuel
Ingredients. For additional information, visit the Company's
website at http://www.darlingii.com.
Safe Harbor Statement
Some of the statements made in
this press release are forward-looking statements. These
forward-looking statements are based upon our current expectations
and projections about future events and generally relate to our
plans, objectives and expectations for the development of our
business. Although management believes that the plans and
objectives reflected in or suggested by these forward-looking
statements are reasonable, all forward-looking statements involve
risks and uncertainties and actual future results may be materially
different from the plans, objectives and expectations expressed in
this press release.
For more information:
Media Contact
Melissa Gaither
VP, Global Communications & Sustainability
+1 (972) 281-4478
mgaither@darlingii.com
Investor Contact:
Jim Stark
VP, Investor Relations
+1 (972) 281-4823
James.stark@darlingii.com
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