Kraft Foods on Dow Jones Sustainability Index seventh year in a row
Posted: 9 September 2011 | Kraft Foods | No comments yet
This honor recognizes the company’s economic, environmental and social performance…
Kraft Foods (NYSE: KFT) has been named to the Dow Jones Sustainability Index for the seventh year in a row on the North America Index and sixth year running on the World Index. This honor recognizes the company’s economic, environmental and social performance.
Kraft Foods achieved the food industry’s leading scores in Innovation Management, Packaging, Corporate Governance, Risk & Crisis Management, and Codes of Conduct/Compliance/Corruption & Bribery. 2011 marks the first year both legacy Kraft Foods and Cadbury businesses were evaluated together as a combined company.
“The Dow Jones Sustainability Index is the gold standard for responsible companies,” said Christine McGrath, Vice President, Global Sustainability. “As we continue on our sustainability journey, this is great recognition for our employees’ hard work and an equally great incentive for us to continue raising the bar on our performance.”
Expanded Sustainability Goals
This spring, Kraft Foods expanded its sustainability goals – building on past success and looking beyond its own walls to include sustainable agriculture and transportation/distribution. By the end of 2015, Kraft Foods plans to*:
- Increase sustainable sourcing** of agricultural commodities by 25 percent
- Reduce energy use in manufacturing plants by 15 percent
- Reduce energy-related CO2 emissions in manufacturing plants by 15 percent
- Reduce water consumption in manufacturing plants by 15 percent
- Reduce waste at manufacturing plants by 15 percent
- Eliminate 50,000 metric tons (100 million lbs) packaging material
- Reduce 80.5 million km (50 million miles) from transportation network
*Measured against total production
**”sustainably sourced” defined as third-party certification or verification
As a food company, Kraft Foods relies on the ability of the earth to produce the raw materials used every day to make its products. Conducting business in a way that respects the intersection of environmental, social and economic responsibility makes good business sense and inspires trust in consumers, employees and investors. For more details visit www.kraftfoodscompany.com/deliciousworld and our sustainability web site, http://www.kraftfoodsbetterworld.com/.
About the Dow Jones Sustainability Index
Launched in 1999, the Dow Jones Sustainability Indexes (http://www.sustainability-indexes.com/) are the first global stock indices tracking financial performance of leading sustainability-driven companies. Updated annually, companies are reviewed based on a thorough analysis of corporate economic, environmental and social performance, assessing issues such as corporate governance, risk management, branding, climate change mitigation, supply chain standards and labor practices. The Dow Jones Sustainability World Index recognizes the top 10 percent of the biggest 2,500 companies worldwide based on long-term economic, environmental and social criteria. The Dow Jones Sustainability North America Index captures the leading 20 percent of the largest 600 North American companies of the Dow Jones Global Index in terms of sustainability.