Universal Corporation Recognized as a CDP Supplier Engagement Leader

Rhea-AI Impact

(No impact)

Rhea-AI Sentiment

(Neutral)

Tags

02/14/2022 - 04:15 PM

RICHMOND, Va., Feb. 14, 2022 /PRNewswire/ -- Universal Corporation (NYSE:UVV) has been recognized as a 2021 Supplier Engagement Leader by CDP, a nonprofit charity that runs a global disclosure system for investors, companies, cities, states and regions to manage their environmental impacts. The CDP's Supplier Engagement Rating (SER) system independently evaluates how effectively companies are engaging their suppliers on climate change, using the CDP's annual climate change questionnaire that covers governance, targets, scope 3 emissions, and value chain engagement. The top 8% of assessed companies were selected as 2021 Supplier Engagement Leaders.

"We are honored to be recognized by the CDP as a 2021 Supplier Engagement Leader," said George C. Freeman III, Universal's Chairman, President, and Chief Executive Officer. "At Universal, we are committed to setting high standards of social and environmental performance and working in partnership with our suppliers to reinforce the sustainability of our supply chains and meet our climate change goals."

Universal Corporation (NYSE: UVV), headquartered in Richmond, Virginia, is a global business-to-business agri-products supplier to consumer product manufacturers, operating in over 30 countries on five continents. We strive to be the supplier of choice for our customers by leveraging our farmer base, our commitment to a sustainable supply chain, and our ability to provide high-quality, customized, traceable, value-added agri-products essential for our customers' requirements. We find innovative solutions to serve our customers and have been meeting their agri-product needs for more than 100 years. Our principal focus since our founding in 1918 has been tobacco, and we are the leading global leaf tobacco supplier. Through our plant-based ingredients platform, we provide a variety of value-added manufacturing processes to produce high-quality, specialty vegetable- and fruit-based ingredients as well as flavorings and extracts for the food and beverage end markets. For more information, visit www.universalcorp.com.