Whole Earth Brands Announces Global Strategic ESG Goals for 2030
June 21 2022 - 7:30AM
Whole Earth Brands, Inc. (Nasdaq: FREE), a global food company
enabling healthier lifestyles through premium plant-based
sweeteners, flavor enhancers and other foods, today announced 12
strategic, measurable goals that will guide the company’s
environmental, social, and governance (ESG) framework through the
year 2030.
Centered on three pillars – producing sustainably, supporting
thriving workers and communities, and enabling healthier lifestyles
– the Whole Earth Brands ESG framework seeks to create a positive
impact on a number of material topics related to the sourcing,
production, and use of our products, including climate, packaging,
natural resources, livelihoods, diversity and inclusion. The goals
include a 25% absolute reduction in Scope 1 & 2 emissions in
owned facilities from the company’s 2021 baseline, as well as
packaging all products in reusable, recyclable or compostable
materials, and a commitment to verified responsible sourcing of key
ingredients across our global supply chain.
“As we have stated for some time now, the Whole Earth Brands ESG
vision is to bring goodness to people and to the planet, and we
believe these 12 goals set clear, tangible targets that deliver on
this commitment in a defined and attainable timeline,” said Albert
Manzone, Chief Executive Officer of Whole Earth Brands. “Strong ESG
governance underlies all three of our pillars and is fundamental to
our overall framework. These 2030 goals make Whole Earth Brands a
better company today and provide us a roadmap for how to become a
stronger one tomorrow.”
The 12 measurable 2030 goals, and the areas in which they most
directly affect, are:
• Climate |
1. 25% absolute reduction in Scope 1 and 2 emissions in owned
facilities (2021 baseline) |
2. Set a Scope 3 emissions reduction target (by 2025) |
• Packaging |
3. 100% packaging is reusable, recyclable, or compostable |
4. 100% of fiber-based packaging is deforestation-free |
• Waste and
Water |
5. 50% improvement in waste diversion at owned manufacturing
facilities (2021 baseline) |
6. Support water use efficiency at owned manufacturing and
contracted facilities |
• Responsible
Sourcing |
7. At least 95% of sugar and natural sweeteners (by revenue) sold
in NA & Europe are certified responsibly sourced |
8. 100% of key manufacturing partners meet third party standards
for ethical labor, health and safety, environmental and business
practices |
• Diversity, Equity and
Inclusion |
9. Philanthropic contributions focus support on: |
a. Local communities |
b. Equity and inclusion, and/or |
c. Economically disadvantaged populations |
10. Adopt best practices that advance corporate diversity and
inclusion across our business |
• Innovation and
Transparency |
11. Ensure that as the product portfolio grows, at least 75% (by
gross revenue) continues to come from naturally derived
ingredients |
• Equitable
Access |
12. Pilot an approach to meaningfully increase access to products
that support healthier lifestyles for economically disadvantaged
consumers |
“Buoyed by multiple acquisitions in recent years, our company’s
portfolio has expanded significantly in many areas, including our
geographic footprint and the global consumers we serve,” said Irwin
D. Simon, Executive Chairman of Whole Earth Brands. “With such
growth comes responsibility, and in our second full year as a
public company, Whole Earth Brands is proud to highlight these 12
goals that will help us achieve considerable success for the
betterment of our company and employees, the consumers we serve and
the environment in the coming decade and beyond.”
Originally announced in February, the three Whole Earth Brands
ESG pillars were determined following a formal assessment process
that included an outside consultant, internal interviews and
external research. Whole Earth Brands will share annual updates
highlighting its progress toward each of its goals.
To learn more about the Whole Earth Brands ESG vision and follow
along in the company’s ESG journey, please visit
wholeearthbrands.com/environmental-social-and-governance.
Forward-Looking StatementsThis press release
contains forward-looking statements (including within the meaning
of the Private Securities Litigation Reform Act of 1995) concerning
Whole Earth Brands, Inc. and its ESG efforts, plans and goals, and
reflects Whole Earth Brands’ current beliefs and expectations.
There can be no assurance Whole Earth Brands will be successful in
reaching the goals. These statements are subject to the risks and
uncertainties indicated from time to time in the documents the
Company files (or furnishes) with the U.S. Securities and Exchange
Commission.
About Whole Earth BrandsWhole Earth Brands is a
global food company enabling healthier lifestyles and providing
access to premium plant-based sweeteners, flavor enhancers and
other foods through our diverse portfolio of trusted brands and
delicious products, including Whole Earth Sweetener®, Wholesome®,
Swerve®, Pure Via®, Equal® and Canderel®. With food playing a
central role in people’s health and wellness, Whole Earth Brands’
innovative product pipeline addresses the growing consumer demand
for more dietary options, baking ingredients and taste profiles.
Our world-class global distribution network is the largest provider
of plant-based sweeteners in more than 100 countries with a vision
to expand our portfolio to responsibly meet local preferences. We
are committed to helping people enjoy life’s everyday moments and
the celebrations that bring us together. For more information on
how we “Open a World of Goodness®,” please visit
www.WholeEarthBrands.com.
Contacts:KWT GlobalAdam
Wise715-213-9107awise@kwtglobal.com
Investor Relations Contacts:Whole Earth
Brands312-840-5001investor@wholeearthbrands.com ICRJeff
Sonnek646-277-1263jeff.sonnek@icrinc.com
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