In this file:

 

·         Media Release: Tyson Foods Targets 2050 to Achieve Net Zero Greenhouse Gas Emissions

·         Tyson: The Formula to Feed the Future

 

 

Tyson Foods Targets 2050 to Achieve Net Zero Greenhouse Gas Emissions

In conjunction with the release of the 2020 Sustainability Progress Report, the global protein company raises the bar for action

 

Source: Tyson Foods, Inc.

via Globe Newswire - June 09, 2021

 

SPRINGDALE, Ark., June 09, 2021 (GLOBE NEWSWIRE) -- Tyson Foods (NYSE: TSN), a leading global protein company, today announced its ambition to achieve net-zero greenhouse gas (GHG) emissions across its global operations and supply chain by 2050, including scopes 1, 2 and 3. As the first U.S.-based protein company to have an emissions reduction target approved by the Science Based Targets initiative (SBTi), this ambition, in conjunction with the release of the company’s fiscal year 2020 (FY20) Sustainability Progress Report, underscores the company’s commitment to help combat the urgency of the growing climate change crisis.

 

“At Tyson Foods, we believe progress requires accountability and transparency and we are proud to exemplify that as we work to achieve net-zero greenhouse gas emissions by 2050,” said John R. Tyson, Chief Sustainability Officer, Tyson Foods. “As the first U.S.-based protein company in the food and beverage sector to have an emissions reduction target approved by the Science Based Targets initiative, we hope to continue to push the industry as a leader and remain committed to making a positive impact on our planet, with our team members, consumers and customers, and in the communities we serve.”

 

The move to net zero is an expansion of the company’s current science-based target of achieving a 30% GHG emissions reduction by 2030, which is aligned with limiting global temperature rise to 2.0. As a global organization with 239 facilities and 139,000 employees worldwide, achieving net zero emissions is a large undertaking which will look at emissions tied to direct global operations, energy sources and throughout the company's supply chain. Requiring a collective effort from every team member in addition to external stakeholders, key areas the company will be prioritizing to meet this goal include:

 

    Updating the baseline for emissions to align with limiting global temperature rise to 1.5, consistent with the Paris Agreement, by the end of 2023.

    Establishing a pathway to using 50% renewable energy across its domestic operations by 2030.

    Completing initial land stewardship target of engaging 2-million feed acres and expanding the total acres by 2025, including a total target of 100% of feed purchased by 2030.

    Expanding the company’s current 5-million-acre grazing lands target for sustainable beef production practices by 2025.

    Continuing work to eliminate deforestation risk throughout its global supply chain by 2030.

    Supporting climate action policies through advocacy groups such as the Net Zero Business Alliance.

 

“We believe what good food can do for people and the planet is powerful. Our net zero ambition is another important step in our work toward realizing our aspiration to become the most transparent and sustainable food company in the world,” said Donnie King, Tyson Foods President and CEO. “Partnership and collaboration will be critical to our efforts, and we look forward to working with our customers, supply chain partners, and other stakeholders to achieve net zero.”

 

Tyson Foods’ new ambition, along with the company’s existing sustainability goals, is aligned with the UN Sustainable Development Goals. As part of its ongoing work in this space, Tyson will continue its involvement in World Wildlife Fund Forest Land and Agriculture (FLAG) Consultative Group and continue partnerships and collaborations with organizations such as World Resources Institute, The Nature Conservancy, Environmental Defense Fund, and World Wildlife Fund. Tyson will work with partners to identify and build on the existing net zero pathway, focusing on investments, renewable energy, land stewardship, deforestation, manure management, farm energy, feed, fertilizer, enteric methane and external partnerships.

 

“It’s great to see Tyson Foods embrace net zero as a business imperative,” said Jenny Ahlen, Senior Director at Environmental Defense Fund. "Success will be determined by what follows next, because the hard work is only beginning. We're excited to work with Tyson in developing an action plan and interim targets, and to drive change at scale."

 

The introduction of this new ambition comes in conjunction with the release of the company’s FY2020 Sustainability Progress Report which details how the company is delivering on its sustainability targets across all of its business operations and shares the company’s integrated approach to sustainability. The report focuses on three main pillars that reflect Tyson’s core values and goals: Empowering People, Customers and Communities, Conserving Natural Resources and Protecting Our Planet, and Innovating Smart, Responsible Agriculture, and puts accountability on each and every team member to think about and enact meaningful change within their business units.

 

Key achievements in FY2020 include:

 

    Empowering People, Customers and Communities

        An industry-first addition of a Chief Medical Officer position.

        Offered ESL, financial literacy and citizenship classes across 59 plants, representing more than half of our US-based locations.

        The introduction of Upward Pathways, a new approach to create opportunities for and encourage upward mobility for the company’s team members.

        Donated more food in a year than ever before in the company’s 85-year history amounting to 31 million pounds or 124 million meals, valued at $65 million.

 

    Conserving Natural Resources and Protecting Our Planet

 

        Set new contextual water targets that consider local environments and conditions across three priority facilities.

        Transitioned virgin fiber paperboard to 100% post-consumer recycled (PCR) content across the Jimmy Dean® brand.

        Launched zero waste to landfill pilot projects at three production facilities and diverted nearly 5.2 million pounds of waste from landfills, a 60% increase from 2019.

 

    Innovating Smart, Responsible Agriculture

        Became the first U.S. food company to announce work to verify sustainable production practices at scale in our beef supply chain.

        Developed and publicly released a Forest Protection Standard outlining steps to continue minimizing deforestation risk and protect the forests in the 6% of the company’s land footprint that was identified as medium-to-high risk of deforestation.

        Became the first company to receive third-party certification by the Professional Animal Auditor Certification Organization (PAACO) for all poultry audits within our FarmCheck audit program.

 

The report and accompanying information can be found at Tyson Foods’ Environmental, Social and Governance (ESG) Hub, which provides resources on all sustainability initiatives, including background information on key topics, ESG-related policies and an ESG data center. More information on the company’s net zero emissions ambition can be found here.

 

About Tyson Foods

Tyson 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, United States, 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 WWW.TYSONFOODS.COM

 

 

Contact Data

 

            KELSIE GIBBS, 405-919-9597

Category: IR, Newsroom

           

source url

https://www.globenewswire.com/news-release/2021/06/09/2244224/7106/en/Tyson-Foods-Targets-2050-to-Achieve-Net-Zero-Greenhouse-Gas-Emissions.html

 

 

The Formula to Feed the Future

 

Source: Tyson Foods Inc.

via Public. - 06/09/2021

 

Tyson Foods has always embraced big challenges in our journey to raise the world's expectations for how much good food can do. Even with the unprecedented global impacts brought on by COVID-19 in the past year, we have remained steadfast in our ambition to bring innovative and creative solutions to the table that enable us to sustainably feed the world for generations to come.

 

Our FY2020 Sustainability Progress Report details notable achievements and progress through our recently created 'Formula to Feed the Future' framework empowering all team members to make a meaningful impact across every facet of our business.

 

Some key achievements across our three foundational pillars are below:

 

    Empowering People, Customers and Communities

        An industry-first addition of a Chief Medical Officer position.

        Offered English as a Second Language (ESL), financial literacy and citizenship classes across 59 plants, representing more than half of our US-based locations.

        The introduction of Upward Pathways, a new approach to create opportunities for and encourage upward mobility for team members.

        Donated more food in a year than ever before in the company's 85-year history amounting to 31 million pounds or 124 million meals, valued at $65 million.

 

    Conserving Natural Resources and Protecting Our Planet

        Set new contextual water targets that consider local environments and conditions across three priority facilities.

        Transitioned virgin fiber paperboard to 100% post-consumer recycled (PCR) content across the Jimmy Dean® brand.

        Launched zero waste to landfill pilot projects at three production facilities and diverted nearly 5.2 million pounds of waste from landfills, a 60% increase from 2019.

 

    Innovating Smart, Responsible Agriculture

        Became the first U.S. food company to announce work to verify sustainable production practices at scale in our beef supply chain.

        Developed and publicly released a Forest Protection Standard outlining steps to continue minimizing deforestation risk and protect the forests in the 6% of the company's land footprint that was identified as medium-to-high risk of deforestation.

        Became the first company to receive third-party certification by the Professional Animal Auditor Certification Organization (PAACO) for all poultry audits within our FarmCheck audit program.

 

The Progress Report is complemented by a new online Environmental, Social and Governance (ESG) Hub provides resources on all of our sustainability initiatives, including background information on key topics, ESG-related policies and an ESG data center.

 

At Tyson Foods, our ambition is to be the most sustainable and transparent food company in the world, and we're proud of the hard work from each of our 139,000 team members who make this ambition a reality. As we move into the future, we'll continue to set goals that will enrich the environment, agriculture practices, our workplace, and the communities where we serve and operate - so that we can sustainably feed the world, together.

 

To read the full Sustainability Progress Report and learn more about our sustainability initiatives, please visit here:

https://www.tysonsustainability.com/

 

source url

http://www.publicnow.com/view/309E8571EAF5B3CCAF0EB35397E042C337584350