Central Garden & Pet Releases 2022/2023 Impact Report

Rhea-AI Summary

Central Garden & Pet (NASDAQ: CENTA) has released its Impact Report for fiscal years 2022/2023, highlighting progress in sustainability initiatives. Key achievements include incorporating 33 million pounds of recycled materials in Kaytee bedding, saving 100 million gallons of water through drip irrigation, and reducing 19 metric tons of greenhouse gases through Wee Wee® pad compression. The company reported a 22% reduction in safety incidents in 2022 and 20% in 2023, while contributing $1.5 million in donations to various charitable organizations.

Positive

• Environmental efficiency improvements leading to significant cost savings in water and materials
• 22% and 20% reduction in safety incidents in FY2022 and FY2023 respectively, potentially reducing liability and operational costs
• Integration of sustainability practices into daily operations, potentially improving long-term operational efficiency

Negative

• None.

Insights

Environmental Impact Analyst

The sustainability metrics showcase meaningful operational improvements but have immediate financial impact. Key achievements include $1.5 million in charitable donations and significant resource conservation efforts like 33 million pounds of recycled materials in pet bedding and 100 million gallons of water savings through improved irrigation. The 22% and 20% reduction in safety incidents in consecutive years indicates improved operational efficiency and potential cost savings from reduced workplace accidents.

While these initiatives demonstrate responsible corporate governance and risk management, they represent incremental operational improvements rather than material financial catalysts. The sustainability focus may provide long-term competitive advantages and cost savings, but the immediate impact on shareholder value is minimal.

Report highlights the company’s progress toward sustainability objectives

WALNUT CREEK, Calif.--(BUSINESS WIRE)-- Central Garden & Pet Company (NASDAQ: CENT) (NASDAQ: CENTA) (“Central”), a market leader in the pet and garden industries, released its Impact Report for the fiscal years 2022 and 2023 underscoring the company’s commitment to protecting the planet, cultivating its communities and empowering its employees. The report highlights Central’s work to advance the company’s environmental, social and governance initiatives to support the growth and success of its business.

Central Garden & Pet Releases 2022/2023 Impact Report -- Report highlights the company’s progress toward sustainability objectives (Graphic: Business Wire)

“Since the start of our journey to make a difference and drive positive change, Central has made meaningful strides,” said Niko Lahanas, Chief Executive Officer of Central Garden & Pet. “We believe that driving corporate sustainability is not only imperative to our future, but integral to our current operations. As such, we have begun embedding sustainability into our daily operations and tracking the progress towards our sustainability goals.”

Over the last few years, Central has invested in key areas across the enterprise to propel this important work forward and advance its commitment to becoming a more sustainable company.

Highlights of progress described in the report include:

• 33 million pounds of recycled or reused materials incorporated into Kaytee Small Animal bedding
• 100 million gallons of water use avoided through utilizing drip irrigation systems at outdoor perennial farms compared to using traditional sprinkler irrigation
• 19 metric tons of greenhouse gases saved by compressing Wee Wee® training pads resulting in 12% less container space
• $1.5 million in monetary and product donations to communities and charitable organizations, including Habitat for Humanity, Best Friends and local schools and hospitals across the country
• 22% reduction in safety incidents in fiscal 2022 and 20% in fiscal 2023 due to improved safety measures

To view the 2022/2023 Impact Report and learn more about the Central’s beliefs, actions and sustainability progress, please visit https://ir.central.com/centralimpact

View source version on businesswire.com: https://www.businesswire.com/news/home/20241104057883/en/

Investor & Media Contact

Friederike Edelmann

VP Investor Relations & Corporate Sustainability

(925) 412-6726

fedelmann@central.com

Source: Central Garden & Pet Company

FAQ

What sustainability achievements did Central Garden & Pet (CENTA) report in 2022/2023?

Central Garden & Pet reported recycling 33 million pounds of materials in Kaytee bedding, saving 100 million gallons of water through drip irrigation, reducing 19 metric tons of greenhouse gases, and achieving over 20% reduction in safety incidents.

How much did Central Garden & Pet (CENTA) donate to charitable causes in 2022/2023?

Central Garden & Pet donated $1.5 million in monetary and product donations to organizations including Habitat for Humanity, Best Friends, and local schools and hospitals.

What water conservation measures did Central Garden & Pet (CENTA) implement?

Central Garden & Pet implemented drip irrigation systems at outdoor perennial farms, avoiding 100 million gallons of water use compared to traditional sprinkler irrigation.