Saputo Issues its 2023 Promise Report
August 14 2023 - 10:00AM
On August 10, 2023, Saputo Inc. (TSX:SAP) (we, Saputo or the
Company) issued its 2023 Saputo Promise Report, which highlights
the Company’s progress in managing key Environmental, Social, and
Governance (ESG) aspects of the Company’s business.
The Saputo Promise is Saputo’s approach to ESG
performance, which guides the Company’s everyday actions to ensure
it lives up to the values on which it was founded. It consists of
seven Pillars designed to help Saputo nourish, protect, and support
the communities it calls home.
“The Saputo Promise has been embedded into our
core business for over five years, and we are pleased to now share
the 2023 edition of this report as we continue to be transparent
and accountable to all our stakeholders,” said Lino A. Saputo,
Chair of the Board, President, and CEO. “We are proud of the
progress we have made over the last year, but also realize there is
more work to be done in certain areas as we remain committed to our
Promise goals and finding ways to achieve them. As we head into the
second year of our most recent Saputo Promise three-year plan, I am
confident in the strength of our strategy and vision, and I am
energized by the opportunities we have to achieve compelling
long-term growth, sustainability, and value creation.”
The 2023 Saputo Promise Report outlines Saputo’s
long-term commitments associated with each of the seven strategic
Pillars and includes updates on the progress towards these
commitments, including the following highlights:
Food Quality
& Safety: 100% of Saputo’s facilities were certified
to Global Food Safety Initiative (GFSI) standards and maintained
high scores – achieving either Good or Excellent audit ratings.
Our
People: Maintained efforts towards Advancing Gender
Balance with the representation of women at senior levels remaining
at 25%, a 9% increase over the last five years.
Business
Ethics: Continued to make progress in increasing
transparency and disclosure to the Company’s investors,
particularly around climate, by continuing to align the Company’s
reporting to recognized frameworks such as the Sustainability
Accounting Standards Board (SASB) and the Task Force on
Climate-Related Financial Disclosures (TCFD).
Responsible
Sourcing: Launched a global Sustainable Agriculture
Policy, which defines the sustainability standards Saputo wants to
achieve in partnership with its producers and milk suppliers to
ensure the responsible production of dairy ingredients.
Environment: Improved the Company’s CO2 intensity
by 13% compared to its fiscal 2020 baseline as renewable
electricity initiatives continued to positively impact the
Company’s global footprint.
Nutrition: Rolled out its global Responsible
Marketing Guidelines, which aim to ensure that the Company markets
its products responsibly, particularly to younger consumers.
Community: Community investments of over CDN$7.49
million, reaching above the Company’s target of investing 1% of its
annual pre-tax profits in communities where it operates.
The entire report can be obtained in the “Our
Promise” section of the Company’s website,
at www.saputo.com.
About SaputoSaputo, one of the
top ten dairy processors in the world, produces, markets, and
distributes a wide array of dairy products of the utmost quality,
including cheese, fluid milk, extended shelf-life milk and cream
products, cultured products, and dairy ingredients. Saputo is a
leading cheese manufacturer and fluid milk and cream processor in
Canada, a leading dairy processor in Australia and the top dairy
processor in Argentina. In the USA, Saputo ranks among the top
three cheese producers and is one of the top producers of extended
shelf-life and cultured dairy products. In the United Kingdom,
Saputo is the leading manufacturer of branded cheese and dairy
spreads. In addition to its dairy portfolio, Saputo produces,
markets, and distributes a range of dairy alternative cheeses and
beverages. Saputo products are sold in several countries under
market-leading brands, as well as private label brands. Saputo Inc.
is a publicly traded company and its shares are listed on the
Toronto Stock Exchange under the symbol “SAP”. Follow Saputo’s
activities at Saputo.com or via Facebook, Instagram, and
LinkedIn.
Investor InquiriesNicholas
EstrelaDirector, Investor Relations1-514-328-3117
Media Inquiries1-514-328-3141 /
1-866-648-5902media@saputo.com
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