General Mills on CDP’s ‘A List’ for Climate and Water Stewardship for Fourth Consecutive Year

Rhea-AI Summary

General Mills (NYSE: GIS) has achieved a prestigious double ‘A’ score from the global environmental non-profit CDP, recognizing its efforts in climate change and water security. As one of the few North American companies in the Food & Beverage sector to receive this accolade, General Mills has demonstrated leadership and transparency in reducing greenhouse gas emissions and promoting sustainable water management. The company has a strong track record, being the first to publish a full value chain climate goal approved by the Science Based Targets initiative in 2015.

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• Achieved a double 'A' score from CDP, reflecting strong environmental performance.
• Recognized for leadership in climate action and water security within the Food & Beverage sector.
• First company to publish a full value chain climate goal recognized by the Science Based Targets initiative.

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• None.

Company recognized for global environmental ambition, action and transparency

MINNEAPOLIS--(BUSINESS WIRE)-- General Mills (NYSE: GIS) announced today it has been recognized for leadership in corporate sustainability by global environmental non-profit CDP, achieving a prestigious double ‘A’ score for tackling both climate change and water security.

This year, General Mills is one of few North American companies in the Food & Beverage sector to attain a double ‘A’ score and was recognized for its leadership, action and transparency to reduce greenhouse gas emissions, mitigate climate risks and practice sustainable management of water resources.

“We’re honored to be recognized by CDP for our environmental leadership,” said Mary Jane Melendez, chief sustainability and global impact officer at General Mills. “Stressors to the earth and its resources are having an impact on our planet, people’s lives and our business. These challenges compel us to take further action to combat climate change and protect water security to ensure a better future for all.”

General Mills was the first company to publish a full value chain climate goal approved by the Science Based Targets initiative (SBTi) in 2015. In 2020, General Mills launched a new climate goal to drive further progress, in alignment with the SBTi 1.5°C guidance. Key efforts for General Mills include accelerating climate action, advancing regenerative agriculture principles on farmland in key sourcing regions, and improving water efficiency and quality.

CDP’s annual environmental disclosure and scoring process is widely recognized as the gold standard of corporate environmental transparency. In 2021, over 590 investors with over $110 trillion in assets and 200 major purchasers with $5.5 trillion in procurement spend requested companies to disclose data on environmental impacts, risks and opportunities through CDP’s platform. A record-breaking 13,000 companies responded.

A detailed and independent methodology is used by CDP to assess these companies, allocating a score of A to D- based on the comprehensiveness of disclosure, awareness and management of environmental risks, and demonstration of best practices associated with environmental leadership, such as setting ambitious and meaningful targets. Those that don’t disclose or provide insufficient information are marked with an F.

The full list of companies that made this year’s CDP ‘A List’ is available here, along with other publicly available company scores: https://www.cdp.net/en/companies/companies-scores.

For information on General Mills’ corporate social responsibility commitments and progress, visit the company’s 2021 Global Responsibility Report.

About General Mills
General Mills makes food the world loves. The company is guided by its Accelerate strategy to drive shareholder value by boldly building its brands, relentlessly innovating, unleashing its scale and being a force for good. Its portfolio of beloved brands includes household names such as Cheerios, Nature Valley, Blue Buffalo, Häagen-Dazs, Old El Paso, Pillsbury, Betty Crocker, Yoplait, Annie’s, Wanchai Ferry, Yoki, and more. Headquartered in Minneapolis, Minnesota, USA, General Mills generated fiscal 2021 net sales of U.S. $18.1 billion. In addition, the company’s share of non-consolidated joint venture net sales totaled U.S. $1.1 billion.

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Global Communications

Media.Line@GenMills.com

763-764-6364

Source: General Mills

FAQ

What is General Mills' stock symbol?

General Mills' stock symbol is GIS.

What recognition did General Mills receive from CDP?

General Mills received a double 'A' score from CDP for tackling climate change and water security.

When was General Mills' full value chain climate goal published?

General Mills published its full value chain climate goal in 2015.

What sectors does General Mills operate in?

General Mills operates primarily in the Food & Beverage sector.

How did General Mills rank in corporate sustainability?

General Mills ranked among the few North American companies to achieve a double 'A' score from CDP.