Conagra Brands Issues Fiscal Year 2022 Citizenship Report

Rhea-AI Summary

Conagra Brands, Inc. (NYSE: CAG) released its 2022 Citizenship Report on March 13, 2023, highlighting its environmental and social initiatives. Key accomplishments include adding over 350 SKUs to Women, Infants and Children-approved product lists and avoiding 35 million pounds of plastic since 2017. The company has conserved 3.7 billion gallons of water and decreased its carbon footprint by 215,000 metric tons through employee-led programs. Additionally, Conagra donated over 20 million pounds of food to address food insecurity. The report aims to underline Conagra's commitment to healthy communities and sustainable practices.

Positive

• Added over 350 SKUs to Women, Infants and Children-approved product lists.
• Avoided 35 million pounds of plastic since 2017 through plant fiber-based packaging.
• Conserved 3.7 billion gallons of water and reduced carbon footprint by 215,000 metric tons.
• Donated over 20 million pounds of food to address food insecurity.

Negative

• None.

Report highlights progress on key environmental and social initiatives

CHICAGO, March 13, 2023 /PRNewswire/ -- Conagra Brands, Inc. (NYSE: CAG) today announced the publication of its 2022 Citizenship Report, an annual update that shares the company's progress against key environmental and social initiatives and details its efforts to nourish people, the planet and communities.  

"At Conagra, our approach to citizenship supports a healthy planet, healthy communities and a healthy business," said Sean Connolly, president and chief executive officer of Conagra Brands. "We are conscious about how our business impacts the world and our latest Citizenship Report underscores our focus on collaboration, transparency and action. It is especially meaningful that our employees continue to drive sustainable and societal impact across our business while producing exceptional results. I thank them for their ongoing dedication to doing the right things and doing things right."

The report covers a broad range of topics across four focus areas: Good Food, Responsible Sourcing, Better Planet and Stronger Communities. Highlights from the 2022 report include:

• Good Food: Conagra continuously strives to make safe, delicious and nutritious foods, while providing nutrition information about its food that consumers need to make educated choices.
• As of the end of fiscal year 2022, the company added more than 350 SKUs to states' Women, Infants and Children-approved product lists, enabling access to eligible foods that otherwise would not be available for these shoppers.
• Responsible Sourcing: Conagra approaches the sourcing of ingredients and packaging materials with care and consideration, taking into account environmental and social impacts across the value chain.
• In fiscal 2022, continued growth of plant fiber-based packaging as an alternative to plastic resulted in an estimated 35 million pounds of plastic avoided since 2017 – exceeding the company's aim to avoid the use of 33 million pounds of plastic through plant-based packaging options and other packaging innovations.
• Better Planet: The health of the planet and availability of natural resources are intricately linked to Conagra's business. The company is especially focused on reducing its impact on climate change, minimizing packaging waste, supporting regenerative agriculture, preserving water resources and eliminating waste in its operations.
• Through its employee-led Sustainable Development Awards program, since 2009, the company has conserved 3.7 billion gallons of water, decreased its carbon footprint by 215,000 metric tons, reduced waste by 122,700 tons, decreased packaging materials by more than 32,000 tons and saved over $280 million.
• Stronger Communities: Conagra cares deeply about its employees and invests in their growth, success and wellbeing. The company's ambition is to be the most impactful, energized and inclusive culture in food. The company also supports the communities where its employees live and work, and takes action to address the issue of food insecurity through volunteerism, product donations and financial contributions.
• To help alleviate hunger and food insecurity, Conagra donated more than 20 million pounds of food to Feeding America and its network of food banks, which is equivalent to more than 16 million meals, while employees across the U.S., Canada and Mexico contributed more than 9,000 hours in volunteer service.

For more information about these highlights, including information about calculations, measurements and methodology, please see the full Citizenship Report for fiscal year 2022, ending May 29, 2022. All numbers referenced are approximate values.

About Conagra Brands
 Conagra Brands, Inc. (NYSE: CAG), headquartered in Chicago, is one of North America's leading branded food companies. Guided by an entrepreneurial spirit, Conagra Brands combines a rich heritage of making great food with a sharpened focus on innovation. The company's portfolio is evolving to satisfy people's changing food preferences. Conagra's iconic brands, such as Birds Eye®, Duncan Hines®, Healthy Choice®, Marie Callender's®, Reddi-wip®, and Slim Jim®, as well as emerging brands, including Angie's® BOOMCHICKAPOP®, Duke's®, Earth Balance®, Gardein®, and Frontera®, offer choices for every occasion. For more information, visit www.ConagraBrands.com.

For more information, please contact: 
MEDIA:
Tim Wrona
708-495-1119

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SOURCE Conagra Brands, Inc.

FAQ

What are the key highlights from Conagra Brands' 2022 Citizenship Report?

Key highlights include adding over 350 SKUs to Women, Infants and Children-approved products, avoiding 35 million pounds of plastic, conserving 3.7 billion gallons of water, and donating more than 20 million pounds of food.

How much plastic has Conagra Brands avoided through its initiatives?

Conagra Brands has avoided 35 million pounds of plastic since 2017 through its use of plant fiber-based packaging.

What kind of social contributions has Conagra Brands made?

Conagra Brands donated over 20 million pounds of food to help alleviate hunger and food insecurity, equivalent to more than 16 million meals.

When was the 2022 Citizenship Report published by Conagra Brands?

The 2022 Citizenship Report was published on March 13, 2023.