Tyson Foods Announces Global Forest Protection Standard
Tyson Foods has launched a Forest Protection Standard to address deforestation risks within its global supply chain, covering cattle, soy, palm oil, and pulp products. Following a collaboration with Proforest, a risk assessment revealed that 94% of Tyson's land footprint is at low risk for deforestation. The company aims to develop specific Commodity Action Plans to ensure sustainable sourcing and plans to report progress in its annual Sustainability Report.
- Launch of a proactive Forest Protection Standard focused on reducing deforestation risk.
- 94% of Tyson's land footprint assessed to be at low risk for deforestation.
- Commitment to sustainable sourcing aligns with UN Sustainable Development Goals.
- 6% of land footprint identified as at risk for deforestation that needs addressing.
Company aims to reduce deforestation risk in its global supply chain
SPRINGDALE, Ark., Nov. 12, 2020 (GLOBE NEWSWIRE) -- Tyson Foods, Inc. (NYSE: TSN) today announced a Forest Protection Standard focused on reducing deforestation risk in its global supply chain of four commodities – cattle and beef; soy; palm oil; and pulp, paper and packaging.
Earlier this year, Tyson Foods partnered with Proforest to conduct a deforestation risk assessment. The assessment concluded that nearly 94 percent of the company’s land footprint is at no to low risk of being associated with deforestation. To proactively address the remaining six percent that was found to be at risk, the Forest Protection Standard was developed to ensure the company is continuing to target the reduction of deforestation risk throughout the global supply chain.
“As one of the world’s largest food companies and a recognized leader in protein, we have an important role in protecting forests and other natural ecosystems,” said Dean Banks, Tyson Foods president and CEO. “We are asserting our ambition to make protein more sustainable and look forward to working with our supply chain partners, customers and other stakeholders to do our part on this important issue.”
To support the Forest Protection Standard, specific Commodity Action Plans are being developed to outline the work required in each commodity area to support deforestation free sourcing. Progress towards meeting the goals of the Forest Protection Standard will be outlined in the company’s annual Sustainability Report.
Tyson Foods is a member of the United Nations Global Compact and supports the United Nations Sustainable Development Goals (UNSDG) and its 2030 agenda for sustainable development. Tyson Foods Forest Protection Standard aligns with three SDGs including Goal 12 - Responsible Consumption and Production; Goal 13 - Climate Action; and Goal 15 - Life on Land. For more information on sustainability at Tyson Foods, visit www.tysonsustainability.com.
About Tyson Foods
Tyson Foods, Inc. (NYSE: TSN) is one of the world’s largest food companies and a recognized leader in protein. Founded in 1935 by John W. Tyson and grown under three generations of family leadership, the company has a broad portfolio of products and brands like Tyson®, Jimmy Dean®, Hillshire Farm®, Ball Park®, Wright®, Aidells®, ibp® and State Fair®. Tyson Foods innovates continually to make protein more sustainable, tailor food for everywhere it’s available and raise the world’s expectations for how much good food can do. Headquartered in Springdale, Arkansas, the company has 141,000 team members. Through its Core Values, Tyson Foods strives to operate with integrity, create value for its shareholders, customers, communities and team members and serve as a steward of the animals, land and environment entrusted to it. Visit www.tysonfoods.com.
Contact:
Kelsie Gibbs, 405-919-9597, kelsie.gibbs@tyson.com
Category: IR, Newsroom
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