Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental Stewardship
• Community Service
• Building an Extraordinary Workplace
• Delivering on the promises of our brands to our customers and consumers

Environmental Achievements

• Reduced energy use by 4% per tonne of food produced (2011 vs. 2010)
• Reduced water use by 5% per tonne of food produced (2011 vs. 2010)
• Reduced greenhouse gas emissions by 18,500 tonnes in 2011 (2011 vs. 2010)
• Global recycle rate of >80%
• Installation of solar panel projects at multiple locations generating approximately 6% of the electrical power needed to operate Campbell’s worldwide operations.

Social Achievements

• Launched Campbell’s Healthy Camden Initiative with a $10 million, 10-year commitment to reduce childhood obesity and hunger
• Increased employee volunteer hours by 25% (2011 vs. 2010)
• Distributed 220 Dollars for Doers grants totaling $233,500 (2011)
• Donated more than $40 million worth of product to organizations globally
• Maintained world-class employee engagement levels

Governance Achievements

• Continued commitment to Winning With Integrity program, including annual ethics training for all employees
• Active participation in public policy discussions on relevant issues
• Transparent political contributions through Campbell PAC

Climate Goals & Targets

Environmental Challenges

• Childhood obesity and hunger in the U.S.
• Reducing the environmental footprint of operations
• Managing consumer concerns about genetically modified ingredients and BPA in packaging
• Ensuring supplier compliance with CSR and sustainability standards

Mitigation Strategies

• Launched Campbell’s Healthy Camden Initiative
• Implemented various energy and water conservation measures, invested in renewable energy
• Researching BPA alternatives and using BPA-free linings in some products
• Conducting supplier audits and implementing stringent non-compliance management procedures

Supply Chain Management

Supplier Audits: >80% of suppliers audited in 55 countries over the past two years

Responsible Procurement

• Supply Base Requirements and Expectations Manual
• CSR and sustainability criteria embedded in procurement processes
• Fair Trade Certified cocoa liquor and RSPO Certified Sustainable Palm Oil

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Renewable energy investments, energy efficiency improvements

Reporting Standards

Frameworks Used: GRI G3 Sustainability Reporting Guidelines, GRI Food Processing Sector Supplement

Certifications: LEED Silver Certification (Camden Employee Center)

Third-party Assurance: Business for Social Responsibility (BSR)

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Light soups, whole grain products, reduced-sodium products, natural and organic products

Awards & Recognition

• Dow Jones Sustainability Index
• CR’s 100 Best Corporate Citizens
• Maclean’s 50 Most Responsible Corporations in Canada
• Tomorrow’s Value Rating
• Maplecroft Climate CII Benchmark
• Newsweek Green Rankings
• Boston College Center for Corporate Citizenship CSR Index
• IRTS Gold Medal Award
• Top Workplaces
• NJBIZ’s Best Places to Work
• American Association of Occupational Health Nurses Business Recognition Award
• National Business Group on Health Gold Award

Environmental Metrics

ESG Focus Areas

• Environmental Stewardship
• Engaging with Customers and Consumers
• Community Impact
• Building a High-Performance Workplace

Environmental Achievements

• Reduced absolute GHG emissions by 6.2 percent in FY2015; and reduced GHG emissions on an intensity basis by 23 percent per tonne of food produced since 2008
• Reduced absolute water use by 2.4 percent in FY2015; and reduced water use on an intensity basis by 24 percent per tonne of food produced since 2008
• Increased global waste recycling rate to 84 percent
• Eliminated 316,000 pounds of raw material used for packaging in manufacturing processes in FY2015
• Reduced agricultural water use by 18 percent (gal/lb raw tomato) and produced 12 percent fewer fertilizer-related GHG emissions per ton of tomatoes as compared to 2014

Social Achievements

• Spent more than $171 million with more than 250 women- and minority-owned suppliers
• Launched a new development program, Inclusive Leadership: Discovering Unconscious Bias
• Recorded more than 14,100 employee volunteer hours in the U.S. and awarded $169,500 through more than 100 Dollars for Doers grants to nonprofits
• Donated more than $50 million in food to support organizations

Governance Achievements

• Improved sustainability governance structure by redesigning Sustainability Leadership Team and moving to a Sustainability Leadership Network

Climate Goals & Targets

Environmental Challenges

• Rising cost of raw materials
• Impacts to climate and deforestation
• Brand and reputational damage
• Business disruption
• Regulatory challenges
• Supply chain interruption
• Water scarcity in certain locations

Mitigation Strategies

• Embedded value chain risk mapping as part of purchasing manager’s category strategy
• Collaborated with strategic suppliers on sustainability issues through SRM program
• Required suppliers to follow environmental and social standards
• Developed a risk profile for each supplier
• Proactively managed water scarcity risks by working with growers and manufacturing personnel

Supply Chain Management

Supplier Audits: 567 suppliers audited (29% of active suppliers)

Responsible Procurement

• Supply Base Requirements and Expectations Manual
• Supplier Sustainability Scorecard
• Supplier Relationship Management (SRM) program

Climate-Related Risks & Opportunities

Physical Risks

• Weather pattern changes impacting agricultural producers

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI G4 Sustainability Reporting Guidelines, Food Processing Sector Supplement

Certifications: Global Food Safety Initiative (GFSI) for all manufacturing facilities

Third-party Assurance: Third-party limited assurance review of GHG emissions inventory

Sustainable Products & Innovation

• Campbell’s Organic soups
• Goldfish Snacks with whole grains
• Lower-calorie Homestyle Light soups
• V8 Vegetable and Fruit Juice beverages
• Vita-Weat products
• Just Peachy salsa
• Plum Super Smoothie

Awards & Recognition

• Global 100 Most Sustainable Corporations
• Dow Jones Sustainability Indices
• Euronext Vigeo indices
• MSCI Global Sustainability Index Series
• NASDAQ CRD Global Sustainability Index
• Human Rights Campaign Corporate Equality Index (perfect score)
• Produce for Better Health Role Model award
• Corporate Responsibility Magazine’s 100 Best Corporate Citizens

Environmental Metrics

ESG Focus Areas

• Environmental Stewardship
• Engaging with Customers and Consumers
• Community Impact
• Building a High-Performance Workplace

Environmental Achievements

• Reduced absolute GHG emissions by 23.6 percent and reduced GHG emissions on an intensity basis by 24.3 percent per tonne of food produced since 2008.
• Reduced absolute water use by 17.1 percent and reduced water use on an intensity basis by 17.8 percent per tonne of food produced since 2008.
• Achieved an 86 percent recycle rate in FY2016.
• Eliminated 2.2 million pounds of raw material used for packaging in FY2016, for a cumulative reduction of nearly 140 million pounds.

Social Achievements

• Received a perfect score on the Human Rights Campaign Foundation’s annual Corporate Equality Index for the seventh year.
• Recorded more than 12,000 employee volunteer hours in the U.S. and awarded $159,500 through more than 90 Dollars for Doers grants to nonprofits.
• Donated more than $50 million in food to support organizations such as Feeding America in the U.S.; and provided more than 2 million pounds of food to Food Banks Canada to support food-insecure Canadian families.
• Spent more than $164 million with women- and minority-owned suppliers.

Governance Achievements

• Improved sustainability governance structure by redesigning our Sustainability Leadership Team and moving to a Sustainability Leadership Network with oversight from a Sustainability Steering Committee.

Climate Goals & Targets

Environmental Challenges

• Rising cost of raw materials
• Impacts to climate and deforestation
• Brand and reputational damage
• Business disruption
• Regulatory challenges
• Supply chain interruption
• Water scarcity in certain locations

Mitigation Strategies

• Embedded value chain risk mapping as part of the overall purchasing manager’s category strategy.
• Collaborating with strategic suppliers on sustainability issues through our Supplier Relationship Management (SRM) program.
• Developed a Responsible Sourcing Supplier Code.
• Revamping our Supplier CSR Scorecard to capture environmental performance metrics, as well as social responsibility efforts.
• Proactively managing water scarcity risks by working with growers and manufacturing personnel to track water usage and increase efficient water use.

Supply Chain Management

Supplier Audits: Occasional comprehensive audits; third-party audits to maintain high accountability and performance.

Responsible Procurement

• Responsible Sourcing Supplier Code

Climate-Related Risks & Opportunities

Physical Risks

• Weather pattern changes impacting agricultural producers

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI G4 Sustainability Reporting Guidelines, Food Processing Sector Supplement

Certifications: Global Food Safety Initiative (GFSI) for all manufacturing facilities

Third-party Assurance: Third-party limited assurance review of GHG emissions inventory (ISO 14064-3)

Sustainable Products & Innovation

• The Soulfull Project
• Just Peachy salsa
• Plum® Super Smoothie

Awards & Recognition

• Dow Jones Sustainability Indices
• Euronext Vigeo US 50 and Vigeo World 120
• MSCI Global Sustainability Index Series
• FTSE4Good Index
• Ethibel EXCELLENCE Investment Register
• NASDAQ CRD Global Sustainability Index
• Human Rights Campaign 2016 Corporate Equality Index
• Produce for Better Health Fruit & Veggie Industry Role Model
• Corporate Responsibility (CR) Magazine’s 100 Best Corporate Citizens

Environmental Metrics

ESG Focus Areas

• Trusted Food
• Vibrant Communities
• Thriving People
• Healthy Environment
• Governance and Ethics

Environmental Achievements

• Increased use of post-consumer recycled content in packaging (specific percentages for different materials provided)
• Reduced absolute Scope 1 and 2 greenhouse gas emissions by -2%
• Reduced absolute Scope 3 greenhouse gas emissions by -0.5%
• Increased the use of post-consumer recycled content and incorporated 25% post-consumer recycled content into polyethylene terephthalate (PET) bottles by CY2030 (progress towards this goal is reported)

Social Achievements

• Increased food access for 58,393 residents in Campbell communities
• Provided nutrition education to 28,766 people
• Invested $2,972,800 to improve the school food environment for children
• Engaged 28% of Campbell employees in community-based activities
• Contributed 23,194 traditional and skills-based employee volunteer hours
• Achieved a 3% decrease in reportable and lost time incidents per year (although data shows an increase in reportable incidents and lost time accidents)

Governance Achievements

• No significant incidents of non-compliance with laws and regulations
• Annual training for employees on core ethics and compliance issues

Climate Goals & Targets

Environmental Challenges

• Auditing capacity constrained due to the COVID-19 pandemic
• Safety incidents increased (+19% reportable, +76% lost time)
• Climate change related risks (physical and transition)

Mitigation Strategies

• Developed response plans for top risks identified in the ERM process
• Integrated ESG risk factors, including climate, into the ERM process
• Conducting climate risk and opportunity screening assessments and scenario analyses
• Investing in renewable energy and energy efficiency projects

Supply Chain Management

Supplier Audits: Nine suppliers with sixteen manufacturing sites underwent SMETA audits in FY2022.

Responsible Procurement

• Responsible Sourcing Supplier Code

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Current and future regulations
• Reputation and increased stakeholder concern
• Increased cost of raw materials

Opportunities

• Renewable energy
• Energy efficiency
• Sustainable products
• Improved agricultural sustainability and resilience

Reporting Standards

Frameworks Used: GRI Standards: Core Option, SASB Standards for food and beverage companies, TCFD

Certifications: Null

Third-party Assurance: Apex Companies, LLC (limited assurance)

UN Sustainable Development Goals

• Goal 1
• Goal 2
• Goal 3
• Goal 4
• Goal 5
• Goal 6
• Goal 7
• Goal 8
• Goal 9
• Goal 10
• Goal 11
• Goal 12
• Goal 13
• Goal 15
• Goal 16
• Goal 17

Campbell's ESG framework aligns with many UN SDGs.

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed