IRVING, Texas, April 20, 2023 /PRNewswire/ -- Darling
Ingredients Inc. (NYSE: DAR), has been recognized by Morningstar
Sustainalytics as an ESG Industry Top Rated company in 2023. As of
March 2023, Darling Ingredients
received an ESG Risk Rating of 20.6, placing the company in the top
4th percentile in the Food Products industry and top 2nd percentile
in the Packaged Foods subindustry, as assessed by
Sustainalytics.
Morningstar Sustainalytics' ESG Risk Ratings measure a company's
exposure to industry-specific material ESG risks and how well a
company is managing those risks. This multi-dimensional way of
measuring ESG risk combines the concepts of management and exposure
to arrive at an assessment of ESG risk (i.e. A total unmanaged ESG
risk score or the ESG Risk Rating) that is comparable across all
industries. Sustainalytics' ESG Risk Ratings provide a quantitative
measure of unmanaged ESG risk and distinguish between five levels
of risk: negligible, low, medium, high and severe.
"As a company, we take our ESG responsibilities very seriously,
and we are pleased that our efforts are being recognized," said
Randall C. Stuewe, Chairman and CEO
of Darling Ingredients. "Our value proposition is simple, we
eliminate waste from the meat industry and upcycle those products
to their highest value. Sustainability is at the core of our
business and we are committed to continuously improving our ESG
performance – not just to meet the expectations of our
stakeholders, but because we believe it is the right thing to
do."
Darling Ingredients repurposes edible by-products and food waste
into sustainable products, and it is a leading producer of
renewable energy. It is the largest publicly traded company that
takes the 50 percent of the animal that does not make it to the
dinner plate and turns it into valuable ingredients. Darling
Ingredients creates food ingredients that are used to make gelatin
capsules for pills, thickeners for foods and collagen peptides for
health and nutrition. The company sells ingredients to companies
that make feed for pets and livestock like swine, cattle, poultry
and fish. And if it cannot be fed to a human or an animal, Darling
Ingredients takes those materials and makes green energy.
"We are thrilled to be recognized as an ESG Industry Top Rated
company in 2023 by Sustainalytics," said Suann Guthrie, Senior Vice President of Investor
Relations, Sustainability & Communications. "Where others often
see waste, we see opportunity – for both our shareholders and
the planet. This rating is a testament to our commitment to
sustainability, responsible business practices and strong
governance."
Darling Ingredients' commitment to environmental, social and
governance (ESG) issues starts at the top with its board of
directors and senior leadership and is embedded throughout the
organization. The company has committed to setting science-based
targets, in line with its long-term goal of achieving net-zero
emissions from its operations by 2050. Details on Darling
Ingredients' ESG commitments are outlined
at darlingii.com/sustainability
About Darling Ingredients
Darling Ingredients Inc.
(NYSE: DAR) is the largest publicly traded company turning edible
by-products and food waste into sustainable products and a leading
producer of renewable energy. Recognized as a sustainability
leader, the company operates more than 260 facilities in over 15
countries and repurposes approximately 15% of the world's meat
industry waste streams into value-added products, such as green
energy, renewable diesel, collagen, fertilizer, animal proteins and
meals and pet food ingredients. To learn more, visit darlingii.com.
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©2023 Morningstar Sustainalytics. All rights reserved. This release
contains information developed by Sustainalytics
(www.sustainalytics.com). Such information and data are proprietary
of Sustainalytics and/or its third-party suppliers (Third Party
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https://www.sustainalytics.com/legal-disclaimers
Darling Ingredients
Contacts
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Investors:
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Suann
Guthrie
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Senior VP, Investor
Relations, Sustainability & Communications
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(469) 214-8202;
suann.guthrie@darlingii.com
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Media:
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Jillian
Fleming
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Director, Global
Communications
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(972) 541-7115;
jillian.fleming@darlingii.com
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