Performance Food Group Company Releases 2022 Environmental, Social and Governance Report

Rhea-AI Summary

Performance Food Group Company (PFGC) released its 2022 Environmental, Social and Governance (ESG) report, highlighting advancements in its ESG initiatives.

Key achievements include:

• Setting a new goal to reduce greenhouse gas emissions.
• Deploying 10 net-zero refrigeration trailers in Gilroy, CA, with plans for more.
• Establishing a Preferred Purchasing Policy for suppliers with ESG commitments.
• Increasing spend with MWVBE vendors by 7%.
• Launching the Women of PFG Associate Resource Group and introducing the Black Inclusion Group.

CEO Craig Hoskins emphasized the importance of these efforts in driving positive change within communities.

Positive

• New goal to reduce greenhouse gas emissions.
• Deployment of 10 net-zero refrigeration trailers in Gilroy, CA, with more planned.
• Introduction of a Preferred Purchasing Policy rewarding suppliers with ESG commitments.
• Increased spending with MWVBE vendors by 7%.
• Launch of the Women of PFG Associate Resource Group and Black Inclusion Group.

Negative

• None.

Company highlights progress and introduces new ESG goals

RICHMOND, Va.--(BUSINESS WIRE)-- Performance Food Group Company (PFG) (NYSE: PFGC) recently released its 2022 Environmental, Social and Governance (ESG) report. The annual report highlights the company’s progress towards its ESG goals that focus on areas important to the business and its stakeholders.

Highlights of PFG’s 2022 ESG report include progress made on the company’s ESG goals previously shared in the 2021 ESG report:

• Introduction of a new ESG goal to reduce greenhouse gas emission intensity.
• Introduced 10 net-zero emission refrigeration trailers at the Gilroy, CA location with more planned in the future.
• Introduced a Preferred Purchasing Policy that rewards suppliers with ESG-related action plans and commitments.
• Increased spend with MWVBE vendors by seven percent and became a corporate member of the National Minority Supplier Development Council, Women’s Business Enterprise National Council, National LGBT Chamber of Commerce and National Veteran-Owned Business Association.
• Launched the first enterprise-wide Associate Resource Groups (ARG), Women of PFG. PFG launched its Black Inclusion Group (BIG) ARG in fiscal 2023 and the company plans to introduce more ARGs in the future.

“It’s exciting to see that we furthered our progress and commitment towards achieving the ESG goals we initially shared in 2021,” said Craig Hoskins, PFG President & Chief Operating Officer. “We understand that our continued success as an industry leader depends on being good stewards of the environment and supporting our communities. Our ESG strategies and positive results are a significant step toward creating meaningful change and will help guide us as we make a tangible difference in the communities where we live and work.”

For more details on PFG’s ESG efforts and progress made toward its 2030 goals, please view the 2022 ESG Report, which is posted on the company’s website under the Corporate Responsibility section of www.pfgc.com.

About Performance Food Group Company

Performance Food Group is an industry leader and one of the largest food and foodservice distribution companies in North America with more than 150 locations. Founded and headquartered in Richmond, Va., PFG, and our family of companies, market and deliver quality food and related products to 300,000+ locations including independent and chain restaurants; businesses, schools and healthcare facilities; vending and office coffee service distributors; and big box retailers, theaters and convenience stores. PFG’s success as a Fortune 200 company is achieved through our more than 35,000 dedicated associates committed to building strong relationships with the valued customers, suppliers and communities we serve. To learn more about PFG, please visit www.pfgc.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230420005792/en/

Investors:

Bill Marshall

VP, Investor Relations

(804) 287-8108

Bill.Marshall@pfgc.com

Media:

Scott Golden

Director, Communications & Engagement

(804) 484-7873

Scott.Golden@pfgc.com

Source: Performance Food Group Company

FAQ

What are the key highlights from Performance Food Group's 2022 ESG report?

Key highlights include a goal to reduce greenhouse gas emissions, deployment of net-zero refrigeration trailers, new supplier policies, and increased spend with minority and women-owned vendors.

What initiatives did Performance Food Group introduce in 2022?

In 2022, PFG introduced a Preferred Purchasing Policy, launched new Associate Resource Groups, and increased spend with MWVBE vendors.

How does Performance Food Group aim to achieve its ESG goals?

PFG aims to achieve its ESG goals through various initiatives focused on sustainability, community engagement, and supplier partnerships.

What is the significance of PFG's new ESG goals?

PFG's new ESG goals signify a commitment to environmental stewardship and social responsibility, essential for long-term business success.

What does PFG's 2022 ESG report indicate about their business direction?

The 2022 ESG report indicates PFG's focus on sustainability and community support, aligning business practices with responsible governance.