US Foods Highlights Corporate Social Responsibility Progress in 2022 Report
May 30 2023 - 11:00AM
Business Wire
Report Details Momentum Across the Company’s
Three Strategic Focus Areas: Products, People and Planet
Includes Progress Against Formal Greenhouse Gas
Emission Reduction Targets as Approved by the Science Based Targets
Initiative in December 2022
US Foods Holding Corp. (NYSE: USFD) – one of America’s leading
foodservice distributors – announced today the release of the
company’s 2022 Corporate Social Responsibility (CSR) Report. Within
the comprehensive report, US Foods highlights 2022 progress across
its sustainable product offerings, support for associates and
communities, and initiatives to reduce the environmental impact of
its operations. This report is the first to include progress
against the company’s formal greenhouse gas (GHG) emission
reduction targets as approved by the Science Based Targets
initiative (SBTi) in December 2022 and showcases strong progress
made in 2022.
“Last year was a transformative year for our CSR journey as
investments in additional resources and processes drove business
imperative sustainability initiatives, such as the development of
our formal GHG emission reduction targets,” said Dave Flitman, CEO.
“Throughout 2022, we made strong progress against all three of our
CSR strategic focus areas – Products, People and Planet and we look
forward to furthering our sustainability priorities and setting
goals across the company, as well as deepening our engagement with
our shareholders, customers and suppliers.”
The 2022 CSR Report uses the Sustainability Accounting Standards
Board’s (SASB) Food Retailers & Distributors standard, the Task
Force on Climate-related Financial Disclosures (TCFD) and the
Global Reporting Initiative (GRI) Standards.
US Foods 2022 CSR Report highlights include:
Products: Growing the portfolio of products that meet the
company’s criteria for being local, sustainable or supporting
well-being by working with suppliers to source and offer products
with social or environmental benefits, as well as maintaining a
continued commitment to food safety and quality.
- Maintained year-over-year growth of the company’s local,
sustainable and well-being product offerings, with a total of more
than 2,600 differentiated products available today.
- Continued to grow the number of Exclusive Brand sustainable
products under the company’s Serve Good® and Progress Check®
programs, with more than 950 products available today.
- Continued to grow the number of Exclusive Brand products under
the company’s well-being category, with more than 1,700 products
available today.
- Maintained the commitment to use 100% responsibly sourced palm
oil and palm kernel oil in the company’s Exclusive Brand
products.
People: Making a positive difference in the lives of
associates and the communities the company serves by fostering an
inclusive and dynamic workplace where associates can grow and
thrive and by investing in communities through community giving and
volunteerism.
- Enhanced diversity and inclusion commitments by growing
participation in the company’s Employee Resource Group program,
which now includes more than 2,800 members.
- Increased the company’s workforce and leadership diversity
through development programs and improved hiring strategies.
- Filled 47% of new or open leadership roles with women or people
of color, exceeding the company’s goal to fill 40% of new or open
leadership roles with diverse candidates each year.
- Spent $723 million with nearly 500 certified diverse suppliers
and more than $2.4 billion with over 2,600 small businesses across
the U.S., an increase of more than 87% in spend with diverse
suppliers and more than 84% in spend with small businesses since
2020.1
- Awarded more than $1.3 million in US Foods Scholars program
scholarships to more than 67 students since 2017.
Planet: Engaging in best practices to improve the
efficiency of the company’s facilities and fleet and to help reduce
the environmental footprint of operations, including commitments to
GHG reduction goals, as approved by SBTi in December 2022.
- Reduced Scope 1 and Scope 2 emissions by 13% since 2019 in
support of the company’s formal goal to reduce absolute Scope 1 and
2 GHG emissions 32.5% by 2032 from a 2019 base year.
- Reduced energy intensity by 10% since 2015.
- Generated 12.4M kWh of electricity from active solar
projects.
- Converted all California broadline distribution centers from
traditional diesel fuel to renewable diesel (RD) fuel.
- Added 27 compressed natural gas (CNG) trucks to the fleet in
support of the company’s commitment to add 90 CNG vehicles by the
end of 2023.
- Took first delivery of the company’s electric vehicle (EV)
trucks in support of the company’s commitment to add 30 EV trucks
to the fleet by the end of 2023.
To view the US Foods 2022 CSR Report, visit the company’s
website at usfoods.com/csr.
1 Figures include trade and indirect spend with Tier 1
suppliers.
About US Foods
With a promise to help its customers Make It, US Foods is one of
America’s great food companies and a leading foodservice
distributor, partnering with approximately 250,000 restaurants and
foodservice operators to help their businesses succeed. With 70
broadline locations and more than 85 cash and carry stores, US
Foods and its 29,000 associates provides its customers with a broad
and innovative food offering and a comprehensive suite of
e-commerce, technology and business solutions. US Foods is
headquartered in Rosemont, Ill. Visit www.usfoods.com to learn
more.
Forward-Looking Statements
Statements in this press release which are not historical in
nature, are “forward-looking statements” within the meaning of the
federal securities laws. These statements often include words such
as “believe,” “expect,” “project,” “anticipate,” “intend,” “plan,”
“outlook,” “estimate,” “target,” “seek,” “will,” “may,” “would,”
“should,” “could,” “forecast,” “mission,” “strive,” “more,” “goal,”
or similar expressions (although not all forward-looking statements
may contain such words) and are based upon various assumptions and
our experience in the industry, as well as historical trends,
current conditions, and expected future developments. However, you
should understand that these statements are not guarantees of
performance or results and there are a number of risks,
uncertainties and other important factors that could cause our
actual results to differ materially from those expressed in the
forward-looking statements. For a detailed discussion of these
risks, uncertainties and other factors that could cause our results
to differ materially from those anticipated or expressed in any
forward-looking statements, see the section entitled “Risk Factors”
in our Annual Report on Form 10-K for the fiscal year ended
December 31, 2022 filed with the Securities and Exchange Commission
(“SEC”) on February 17, 2023. Additional risks and uncertainties
are discussed from time to time in current, quarterly and annual
reports filed by the Company with the SEC, which are available on
the SEC’s website at www.sec.gov and the Company’s investor
relations page at www.ir.usfoods.com. Additionally, we operate in a
highly competitive and rapidly changing environment; new risks and
uncertainties may emerge from time to time, and it is not possible
to predict all risks nor identify all uncertainties. The
forward-looking statements contained in this press release speak
only as of the date of this press release and are based on
information and estimates available to us at this time. We
undertake no obligation to update or revise any forward-looking
statements, except as may be required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20230530005464/en/
Sara Matheu Director of Media Relations 773-580-3775
Sara.Matheu@usfoods.com
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