Lifeway Foods, Inc
Climate Impact & Sustainability Data (2017-Q2, 2021, 2023)
Reporting Period: 2017-Q2
Environmental Metrics
Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- Environmental Sustainability
- Responsible Sourcing
- Renewable Energy
Environmental Achievements
- Transitioned key organic product lines to green polyethylene packaging made from sugarcane, significantly reducing greenhouse gas emissions.
Social Achievements
- Not disclosed
Governance Achievements
- Not disclosed
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Not disclosed
Environmental Challenges
- Not disclosed
Mitigation Strategies
- Not disclosed
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Not disclosed
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: Null
Certifications: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Green polyethylene packaging
Awards & Recognition
- Not disclosed
Reporting Period: 2021
Environmental Metrics
Social Achievements
- Launched employee well-being program (implied by discussion of employee retention and benefits)
Governance Achievements
- Combined audit and nominating committees into an Audit and Corporate Governance Committee
- Established a standing compensation committee with independent members
- Revised compensation processes to ensure independent oversight and objective market data
- Implemented ongoing director corporate governance education
Climate Goals & Targets
Environmental Challenges
- High level of competition in product categories
- Difficulty implementing business strategy
- Rapidly changing consumer tastes and preferences
- Potential for supply chain disruptions
- Maintaining sufficient internal capacity and co-packing arrangements
- Risk of product contamination and product liability claims
- Loss of key management or personnel
- Employee strikes and labor-related disruptions
- Inability to protect intellectual property rights
- Material weaknesses in internal control over financial reporting
- Consolidation of customers and loss of major customers
- Increased cost of raw milk
- Cost increases in raw materials and other inputs
- Compliance with food, environmental, and health and safety laws and regulations
- Risks related to COVID-19 and other pandemics
- Increased competition from non-dairy products
Mitigation Strategies
- Product innovation and new product development
- Strategic alliances and potential joint ventures
- Pricing actions to recover input and freight cost inflation
- Implementation of Company-wide quality systems and HACCP plans
- Product recall plan
- SQF program implementation
- Succession planning and efforts to attract and retain qualified personnel
- Remediation plan for material weaknesses in internal control
- Diversification of suppliers
- Proactive planning to mitigate effects of COVID-19
- Investment in advertising and marketing programs
- Expansion of production platform and productive capacity
- Implementation of appropriate measures and controls to mitigate cybersecurity threats
- Maintaining sufficient production, warehousing, and distribution capacity
- Product liability and product recall insurance
- Implementation of enhanced controls for accounting for deferred income taxes and goodwill
Supply Chain Management
Climate-Related Risks & Opportunities
Awards & Recognition
- Forbes’ Best Small Companies
Reporting Period: 2023
Environmental Metrics
Renewable Energy Share:100% (electricity offset)
Total Energy Consumption:65,447 MWh (Green-e Certified RECs procured since 2006)
ESG Focus Areas
- Environmental Sustainability
- Social Responsibility
- Governance
Environmental Achievements
- 100% of electricity used at Lifeway facilities offset with Renewable Energy Credits since 2006
- 65% energy savings with new LED lights in Niles, IL warehouse facility
- Production process improvements leading to less gas and heating energy used in Morton Grove, IL facility
- Use of sugarcane for 8oz bottles (100% renewable resource)
- New pouches made with post-consumer recycled content
- New caps containing 30% less plastic
Social Achievements
- Total 2023 Donations: 133,000
- Free digital and in-person wellness events
- Distribution of seed coasters made from 100% post-consumer recycled material
- New Intranet for paperless communication
- Digital business cards reducing paper usage
- Addition of MLK Jr. Day & Juneteenth as company holidays
Governance Achievements
- Sustainability/Farming questionnaire sent to all ingredient suppliers regarding sustainability practices
Climate Goals & Targets
Supply Chain Management
Responsible Procurement
- Sustainability/Farming questionnaire sent to all ingredient suppliers
Climate-Related Risks & Opportunities
Sustainable Products & Innovation
- New pouches made with post-consumer recycled content
- New caps containing 30% less plastic