Climate Change Data

Environmental Metrics

ESG Focus Areas

• Not disclosed

Environmental Achievements

• Not disclosed

Social Achievements

• US household penetration for the Beyond Meat brand increased to 5.3% in 2020, representing nearly a 200 basis point increase versus the prior year; Buyer rates increased 66% year-over-year; Purchase frequency increased 39% year-over-year; Beyond Meat’s repeat rate increased to 55.3% versus 43.4% in the prior year; In US retail channels, Beyond Meat owned the top-selling SKU in all of plant-based meat and commanded roughly a 19% market share in 2020, an increase of 450 basis points year-over-year; In US foodservice channels, Beyond Meat remained the #1 plant-based meat brand in 2020.

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• The COVID-19 pandemic presented significant challenges to our business, particularly in foodservice channels. Shift in revenue mix from roughly 50/50 retail/foodservice to nearly 90/10 retail/foodservice.

Mitigation Strategies

• Continued to invest significantly in domestic and global production and organizational capabilities; Managed to grow net revenues 37% year-over-year despite highly variable demand patterns and a destabilized macroeconomic climate.

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

• New Beyond Burger platform in two distinct cuts (juiciest and lower saturated fat)

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Not disclosed

Environmental Achievements

• Not disclosed

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Softer demand in U.S. retail channel, five fewer shipping days compared to Q4 2020, increased trade discounts, loss of market share, increased per unit manufacturing costs (depreciation, logistics costs, inventory write-offs and reserves), higher operating expenses (marketing, general and administrative, professional services fees, growth in headcount, production trial activities, restructuring expenses), impact of increased scrutiny from stakeholders and institutional investors on environmental, social and governance practices

Mitigation Strategies

• Increased investments in marketing activities, general and administrative expenses, production trial activities, strategic customer partnerships, cost-down initiatives intended to achieve price parity with animal protein, expansion of distribution, new product introductions

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

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Human health
• Climate change
• Constraints on natural resources
• Animal welfare

Environmental Achievements

• Beyond Steak is made using a sustainable process, including nitrogen-fixing faba beans and a mechanical, not chemical, process for creating the meat structure.

Social Achievements

• Beyond Meat products have strong health credentials, with Beyond Steak boasting 23% more protein and 60% less saturated fat than a leading animal protein steak. The SWAP-MEAT Study showed a significant drop in LDL cholesterol and TMAO in participants consuming Beyond Meat products.

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Steep inflationary pressure reduced demand for premium-priced plant-based meats.
• Incumbent industry campaigns portrayed plant-based meats as unhealthy.
• Increased competition crowded retail shelves.

Mitigation Strategies

• Shifted to a model emphasizing sustainable, profitable growth ('Beyond the Chasm').
• Implemented lean value stream management to improve product development, reduce costs, and lower inventory.
• Sharpened commercial focus on high-value opportunities (core refrigerated products, frozen retail, foodservice).
• Reassessed strategic partnerships, focusing on regions with higher plant-based meat adoption (EU).
• Focused on improving product sensory experience, countering misinformation about health, and driving down costs to achieve price parity with animal protein.

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: Kosher and Halal (except certain Beyond Beef Crumbles)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Beyond Steak

Awards & Recognition

• TIME Magazine's best inventions of 2022 (Beyond Steak)
• FABI award from the National Restaurant Association (Beyond Steak)