Expanded disclosure sets path for circularity focus on water
and energy with a drive to ambitious net zero GHG emissions
IRVING, Texas, Sept. 2, 2021 /PRNewswire/ -- Darling
Ingredients Inc. (NYSE: DAR), today posted the company's updated
global Environmental, Social, and Governance (ESG) Report and
highlighted its 2025 climate change targets designed to enable
company growth while improving sustainability performance.
Darling's global strategy aligns the objectives of its Corporate
Social Responsibility (CSR) pillars with specific Sustainable
Development Goals (SDGs) as set out by the United Nations Global
Compact. The ESG Report is posted on our corporate website at
https://www.darlingii.com/csr/resources/esg-report.
"We see ourselves as part of the solution with our circular
business model of repurposing the world's agri-food waste streams
into valuable, sustainable ingredients all while assisting in the
decarbonization of the planet," stated Randall C. Stuewe, Chairman and CEO of Darling
Ingredients. "We have a responsibility for generations to come and
our climate goals identified today will help secure a pathway and
provide us a continual platform to build on for many years into the
future."
The company continues to actively manage towards its short-term
global targets to reduce its water and energy intensity by five
percent from 2020 to 2025. The company is also aggressively
boosting its production of renewable energy and expects in 2022 to
achieve an increase in production of over 150% from 2019. The new
ESG Report illustrates initiatives to achieve the short-term
targets and demonstrates a developing mid- and long-term strategic
roadmap to reach the ambitious net zero GHG emissions and
sustainable water use goals by 2050 within Darling's own
operations.
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.
About Darling
Darling Ingredients Inc. (NYSE: DAR) is a world leading producer
of organic ingredients, generating a wide array of sustainable
protein and fat products while being one of the largest producers
of renewable clean energy. With operations on five continents,
Darling collects waste streams from the agri-food industry,
repurposing into specialty ingredients, such as hydrolyzed
collagen, edible and feed-grade fats, animal proteins and meals,
plasma, pet food ingredients, fuel feedstocks, and green bioenergy.
Darling Ingredients named one of the 50 Sustainability and Climate
Leaders in 2021, to learn more Darling Ingredients: The greenest
Company on the planet - 50 Sustainability & Climate Leaders
(50climateleaders.com). The Company sells its ingredients around
the globe and works to strengthen our promise for a better
tomorrow, creating product applications for health, nutrients and
bioenergy while optimizing our services to the food chain. Darling
is a 50% joint venture partner in Diamond
Green Diesel (DGD), North
America's largest renewable diesel manufacturer, currently
producing approximately 290 million gallons of renewable diesel
annually which products reduce Greenhouse Gas (GHG) emissions by up
to 85% compared to fossil fuels. 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 A.
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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