Lamb Weston Issues FY23 Global Sustainability Report
Lamb Weston Holdings (NYSE: LW) has released its fifth annual Global Sustainability Report for fiscal year 2023. This comprehensive report consolidates the newly integrated operations in Europe, the Middle East, and Africa, following an acquisition in February 2023. Key highlights include the company's progress in three main areas: People, Food, and Planet. The report details initiatives focused on team member development, community wellbeing, responsible production of high-quality potato products, and environmental sustainability through regenerative agricultural programs and efficient manufacturing processes. New long-term sustainability targets are also set, along with a final update on the previously reported 2030 goals.
- Lamb Weston has successfully integrated its operations in Europe, the Middle East, and Africa.
- The company is making significant progress in sustainability initiatives, emphasizing team member development and community wellbeing.
- New long-term sustainability targets have been established.
- The report does not specify the challenges faced during the integration of new operations.
- There is data on how new sustainability goals compare to previous targets.
The company’s fifth annual report includes results from global sustainability and people initiatives, consolidating the newly integrated operations in
This is the first global consolidated report for the company, which has officially integrated its operations in
“This global report demonstrates the progress we’re making around the world – and how we’re elevating the best of what we’re doing to improve our communities and the planet,” said Mike Smith, Chief Operating Officer, Lamb Weston. “Our team is focused on making meaningful changes to build a more resilient business and secure a long-term future for our people, our planet and Lamb Weston.”
The report provides critical updates on metrics in three key areas of focus:
- People: investing in the development and wellbeing of team members and providing for the communities where the company operates.
- Food: offering customers and consumers safe, high quality potato products, made responsibly.
- Planet: reducing environmental impact and conserving natural resources through regenerative agricultural programs and efficient manufacturing.
The full report also establishes new long-term sustainability targets for the global organization and provides a final progress update on the company’s previously reported 2030 goals. The Global Sustainability Report is available now at https://esg.lambweston.com.
About Lamb Weston
Lamb Weston is a leading supplier of frozen potato, sweet potato, appetizer and vegetable products to restaurants and retailers around the world. For more than 70 years, Lamb Weston has led the industry in innovation, introducing inventive products that simplify back-of-house management for its customers and make things more delicious for their customers. From the fields where Lamb Weston potatoes are grown to proactive customer partnerships, Lamb Weston always strives for more and never settles. Because, when we look at a potato, we see possibilities. Learn more about us at lambweston.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the federal securities laws. Words such as “improve,” “focus,” “make,” “build,” “secure,” “invest,” “provide,” “offer,” “reduce,” “conserve,” and variations of such words and similar expressions are intended to identify forward-looking statements. Examples of forward-looking statements include, but are not limited to, statements regarding: the Company’s plans, execution, goals, areas of focus and progress. These forward-looking statements are based on management’s current expectations and are subject to uncertainties and changes in circumstances. Readers of this press release should understand that these statements are not guarantees of performance or results. Many factors could affect these forward-looking statements and the Company’s actual financial results and cause them to vary materially from the expectations contained in the forward-looking statements, including those set forth in this press release. These risks and uncertainties include, among other things: the availability and prices of raw materials and other commodities; labor shortages and other operational challenges; an uncertain general economic environment, including inflationary pressures and recessionary concerns, any of which could adversely impact the Company’s business, financial condition or results of operations, including the demand and prices for the Company’s products; difficulties, disruptions or delays in implementing new technology, including the Company's new enterprise resource planning system; risks associated with integrating acquired businesses, including Lamb-Weston/Meijer v.o.f.; levels of labor and people-related expenses; the Company’s ability to successfully execute its long-term value creation strategies; the Company’s ability to execute on large capital projects, including construction of new production lines or facilities; the competitive environment and related conditions in the markets in which the Company operates; political and economic conditions of the countries in which the Company conducts business and other factors related to its international operations; disruptions in the global economy caused by conflicts such as the war in
View source version on businesswire.com: https://www.businesswire.com/news/home/20240625424665/en/
Investors:
Dexter Congbalay
224-306-1535
Dexter.Congbalay@lambweston.com
Media:
Shelby Stoolman
208-424-5461
shelby.stoolman@lambweston.com
Source: Lamb Weston Holdings, Inc.
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