Climate Change Data

Bridgford Foods Corporation

Climate Impact & Sustainability Data (2023, 2024)

Reporting Period: 2023

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

  • Climate change and related climate change regulations may negatively affect our results of operations.
  • Fluctuations in commodity prices and the availability of raw materials could negatively impact our financial results.
  • Labor shortages and increased turnover or increases in employee and employee-related costs could have adverse effects on our profitability.
  • We depend on our major customers and any loss of such customers could have a negative impact on our profitability.
Mitigation Strategies
  • We build ingredient inventories to take advantage of downward trends in seasonal prices or anticipated supply limitations.
  • We monitor and manage our ingredient costs to help negate volatile daily swings in market prices when possible.
  • Management is continually evaluating the profitability of product delivery methods, analyzing alternate methods, and weighing economic inputs to determine the most efficient and cost-effective method of delivery to fulfill the needs of our customers.

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks
  • changing weather patterns, droughts, heavier or more frequent storms and wildfires, and increased frequency and severity of natural disasters
Transition Risks
  • additional legal or regulatory requirements designed to manage greenhouse gas emissions, climate risks, and resulting environmental impacts

Reporting Period: 2024

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

  • High levels of inflation decreasing consumer discretionary spending.
  • Climate change and related regulations potentially affecting raw material availability and pricing, disrupting operations, and increasing costs.
  • Fluctuations in commodity prices (pork, beef, flour) impacting profitability.
  • Extensive government regulations and potential non-compliance.
  • Dependence on key management personnel.
  • Dependence on major customers (Wal-Mart, Dollar General).
  • Labor shortages, increased turnover, and rising employee costs.
  • Potential disputes with labor unions.
  • Cybersecurity risks and potential breaches.
  • Significant family ownership influencing corporate matters.
  • Multiemployer pension plan risks.
  • Eminent domain and land use regulations.
Mitigation Strategies
  • Shifting from company-leased long-haul vehicles to common carriers to reduce costs.
  • Monitoring and managing ingredient costs.
  • Maintaining compliance with governmental laws and regulations.
  • Investing in enhancements to cybersecurity capabilities.
  • Maintaining good relations with employees.
  • Monitoring the impact of inflation and interest rate volatility on liquidity and taking action to preserve liquidity.

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks
  • Changing weather patterns, droughts, storms, wildfires, and natural disasters.
Transition Risks
  • Additional legal or regulatory requirements to manage greenhouse gas emissions.