Ingredion Releases 2023 Sustainability Report: Building a Sustainable Future. Together.

Rhea-AI Summary

Ingredion (NYSE: INGR) has released its 2023 sustainability report, highlighting progress towards its 2030 goals. Key achievements include:

• Reducing absolute Scopes 1 and 2 carbon emissions by 22% from 2019 baseline
• Expanding renewable purchased electricity to 25%
• Promoting regenerative agriculture across 74,000 additional acres
• Advancing sustainable sourcing of Tier 1 priority crops to 66.8%, up nearly 20% from 2022

CEO Jim Zallie emphasized the company's commitment to sustainability, stating that the 2030 targets reflect Ingredion's dedication to planetary care. The report, titled 'Building a Sustainable Future. Together,' aligns with Ingredion's purpose of combining people, nature, and technology to improve life.

WESTCHESTER, Ill., July 16, 2024 (GLOBE NEWSWIRE) -- Ingredion Incorporated (NYSE: INGR), a leading global provider of ingredient solutions to the food and beverage industry, today released its 2023 sustainability report, titled "Building a Sustainable Future. Together." The report details progress against the Company’s 2030 sustainability goals and underscores its purpose to bring the potential of people, nature and technology together to make life better.

“I take great pride in the sustainability achievements we realized in 2023. The targets we’ve set for 2030 are far more than mere benchmarks; they embody our dedication to caring for our planet,” said Jim Zallie, Ingredion’s president and CEO. “We’ve successfully lowered our greenhouse gas emissions, strengthened our relationships with partners and communities, and made strategic investments to reinforce the sustainability of our supply chain on a global scale.”

2023 sustainability highlights include:

• Progressed our absolute Scopes 1 and 2 carbon reductions to -22% versus our 2019 baseline
• Expanded our renewable purchased electricity to 25%
• Promoted regenerative agriculture with customers and expanded projects with growers by 74,000 acres
• Advanced toward our goal to sustainably source 100% of Tier 1 priority crops (i.e., corn, tapioca, potato, stevia, and pulses) by 2025 and ended 2023 at 66.8%, up nearly 20% from the prior year

ABOUT THE COMPANY

Ingredion Incorporated (NYSE: INGR), headquartered in the suburbs of Chicago, is a leading global ingredient solutions provider serving customers in nearly 120 countries. With 2023 annual net sales of approximately $8 billion, the Company turns grains, fruits, vegetables, and other plant-based materials into value-added ingredient solutions for the food, beverage, animal nutrition, brewing and industrial markets. With Ingredion Idea Labs^® innovation centers located around the world and more than 12,000 employees, the Company co-creates with customers and fulfills its purpose of bringing the potential of people, nature, and technology together to make life better. Visit ingredion.com for more information and the latest Company news.

CONTACT:
Investors: Noah Weiss, 773-896-5242
Media: corpcomm@ingredion.com

FAQ

What are the key highlights of Ingredion's 2023 sustainability report?

Ingredion's 2023 sustainability report highlights a 22% reduction in Scopes 1 and 2 carbon emissions, 25% renewable purchased electricity, expansion of regenerative agriculture projects by 74,000 acres, and progress in sustainably sourcing 66.8% of Tier 1 priority crops.

How much has Ingredion (INGR) reduced its carbon emissions since 2019?

According to the 2023 sustainability report, Ingredion (INGR) has reduced its absolute Scopes 1 and 2 carbon emissions by 22% compared to the 2019 baseline.

What percentage of Ingredion's purchased electricity is from renewable sources in 2023?

Ingredion's 2023 sustainability report states that 25% of their purchased electricity comes from renewable sources.

What progress has Ingredion (INGR) made in sustainably sourcing Tier 1 priority crops?

Ingredion (INGR) has made significant progress in sustainably sourcing Tier 1 priority crops, reaching 66.8% by the end of 2023, which is an increase of nearly 20% from the previous year.

What are Ingredion's Tier 1 priority crops mentioned in the 2023 sustainability report?

Ingredion's Tier 1 priority crops, as mentioned in the 2023 sustainability report, are corn, tapioca, potato, stevia, and pulses.