Vital Farms Sets Three ESG Goals and Celebrates Progress Towards Improving the Lives of People, Animals, and the Planet Through Food in 2023 Impact Report
09 3월 2023 - 9:30PM
When Vital Farms (Nasdaq: VITL) began as a single-family farm in
Austin, TX, we had one mission in mind: bring more ethical food to
the table. Over the past 15 years, we’ve remained committed to that
mission in partnership with our stakeholder community, which
continues to grow. We’re now grateful to work with over 300 family
farms, crew members in over 30 states, thousands of retail and
foodservice customers, and millions of people across the country
who cook with our eggs and butter.
As a mission-driven company, we’re committed to creating
sustainable, positive outcomes for all of our stakeholders. Last
year, we released our first-ever Sustainability Report, which
recognized the impact we’ve made through areas of environment,
social, and governance (ESG). With the release of our second report
this year – recast as our Impact Report – we’re taking this work a
step further by laying out a series of measurable, meaningful
impact goals.
This year’s report recognizes the progress we’ve made embedding
impact into our business and defines short- and medium-term goals
that are grounded in our purpose to improve the lives of people,
animals, and the planet through food. We’re aiming to hit three
notable goals over the next five years:
- First, we’re planning to achieve
zero waste-to-landfill at our egg washing and packing facility, Egg
Central Station, by the end of 2023.
- Next, we’re scaling regenerative
agriculture practices to all farmers in our network by 2026.
- And finally, we’re reducing carbon
intensity in our operations by 25 percent by 2027.
“The goals we’ve laid out in this year’s report are
steppingstones to building an increasingly resilient Vital Farms,”
said Joanne Bal, General Counsel, Corporate Secretary, and Head of
Impact, Vital Farms. We’ve embedded this impact framework into our
business and are focused on consistent, steady progress towards
meaningful outcomes.”.”
This report also shares clear, tangible progress we’ve made
addressing a wide range of issues like climate change and
ecological impact, crew member professional development, our
diversity, equity, and inclusion (DEI) and farmer welfare goals,
and supply chain management. Highlights from the report
include:
- We have aligned our reporting
framework with the Task Force on Climate-Related Financial
Disclosures to increase transparency.
- We have advanced diversity, equity,
and inclusion (DEI) in the farming community through our first
Inclusive Farmer Open House, and we’re taking other steps to reach
out to prospective farmers from communities that have been
historically marginalized in agriculture.
- We have thoughtfully and responsibly
doubled our processing capacity at Egg Central Station and added
increased water recycling capabilities and additional solar
panels.
- We are advancing the circular
economy with 99 percent of our products coming in recyclable
packaging, and we’re transitioning our 18-count carton from PET to
a lower-impact hybrid carton.
- We have intentionally created a
gender balanced Board of Directors and invested in strong female
leaders on our senior leadership
team.
“Our ESG strategy – like all good things at Vital Farms – has
grown from our commitment to creating sustainable, positive
outcomes for all of our stakeholders,” said Russell Diez-Canseco,
President and CEO, Vital Farms. “This long-term,
stakeholder-focused perspective guides every decision we make and
forces an element of pragmatism and accountability that
differentiates how we drive impact through ESG.”
In tandem with this year’s report, we recently renamed our ESG
team the Impact team to better reflect the breadth of work ESG
touches on, and the ways ESG creates an enduring impact across our
business.
To read our full 2023 Impact Report, visit:
www.vitalfarms.com/impact-report
ABOUT VITAL FARMS Vital Farms (Nasdaq:
VITL), a Certified B Corporation, offers a range of ethically
produced foods nationwide. Started on a single farm in Austin,
Texas, in 2007, Vital Farms is now a national consumer brand that
works with over 300 family farms and is the leading U.S. brand of
pasture-raised eggs by retail dollar sales. Vital Farms’ ethics are
exemplified by its focus on the humane treatment of farm animals
and sustainable farming practices. In addition, as a Delaware
Public Benefit Corporation, Vital Farms prioritizes the long-term
benefits of each of its stakeholders, including farmers and
suppliers, customers and consumers, communities and the
environment, and crew members and stockholders. Vital Farms’
products, including shell eggs, butter, hard-boiled eggs, and
liquid whole eggs, are sold in over 22,000 stores nationwide. Vital
Farms pasture-raised eggs can also be found on menus at hundreds of
foodservice operators across the country. For more information,
visit https://vitalfarms.com/.
CONTACT:
Media:Rob DischerRob.Discher@vitalfarms.com
Investors: Matt Siler Matt.Siler@vitalfarms.com
Vital Farms (NASDAQ:VITL)
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