The company has also completed its first full Scope 3 emissions assessment and to the intention of engage key suppliers to set science-based emissions targets by 2027
ROSEMONT, Ill., July 06, 2022–(BUSINESS WIRE)–US Foods Holding Corp. (NYSE: USFD) today announced that it has submitted formal greenhouse gas (GHG) emission reduction targets to the Science Based Targets Initiative (SBTi) for approval. The company has also completed its first in-depth review of its Scope 3 emissions and intends to submit a target to engage key suppliers covering 71% of its emissions from purchased goods and services to set science-based targets for by 2027. The submission supports the company’s ongoing efforts. commitment to reducing the environmental footprint of its activities.
US Foods engages and pursues SBTi validation for the following purposes:
US Foods will reduce absolute Scope 1 and 2 GHG emissions by 32.5% by 2032 from a 2019 baseline.
US Foods is committing 35% of its suppliers by emissions, covering 71% of goods and services purchased, to have science-based targets by 2027.
The company will continue to reduce emissions by optimizing routes to reduce miles traveled, deploying new vehicle technologies and investing in alternative fuels such as compressed natural gas, renewable natural gas and renewable diesel fuel. The company will add 30 electric vehicle (EV) trucks by 2023 and continue to expand its fleet of electric vehicles to reduce its scope 1 emissions. In addition, the company will continue to optimize the efficiency of its construction by investing in renewable energy such as solar panel installations and accelerating its adoption of energy-efficient equipment and technologies.
In support of the Scope 3 commitments, US Foods conducted an extensive review of its Scope 3 emissions. As the majority of the company’s total greenhouse gas emissions are scope 3 produced within the company’s value chain, the company is committed to engaging with its suppliers to ensure that the main suppliers who contribute to the company’s scope 3 emissions set science-based goals by 2027. US Foods will focus on engaging suppliers of its purchased goods and services, which account for more than 95% of the company’s Scope 3 emissions, and will work with suppliers to develop meaningful interventions on the supply chain to support suppliers in their climate action initiatives.
“These continued investments demonstrate our commitment to reducing our organization’s environmental footprint,” said Kristin Coleman, executive vice president, general counsel and chief CSR officer at US Foods. “Expanding our facilities and fleet efficiency initiatives are a critical part of US Foods’ long-term sustainability plans to drive end-to-end change.”
In addition to further outlining the company’s progress against strategies to reduce its environmental footprint, the company’s 2021 Corporate Social Responsibility Report highlights progress against its strategies to grow its portfolio of sustainable products and make a positive difference in the lives of its associates and communities, including:
Growing the number of products across its local, sustainable and wellness offerings, with a total of over 2,300 exclusive brand products available today.
Maintain the company’s commitment to responsibly sourced seafood.
Adhere to the Company’s Palm Oil Policy commitment to source 100% of the palm or palm kernel oil used in US Foods proprietary brand products from certified sustainable sources.
Awarded more than $1 million in US Foods Scholars Program scholarships to more than 50 students since 2017.
Donated over $20 million in food and supplies to US food banks across the country.
Strengthened diversity and inclusion commitments by signing the Action for Diversity & Inclusion CEO Pledge, expanding the employee resource group program, and increasing workforce diversity and leadership of the company through development programs and improved hiring strategies by filling 39% of new or open leadership positions with women or people of color.
To learn more about the company’s CSR commitments, visit the company’s website at usfoods.com/csr.
About American Foods
With the promise to help its customers Do it, US Foods is one of America’s largest food companies and a leading foodservice distributor, partnering with approximately 250,000 restaurants and foodservice operators to help their businesses succeed. With 70 full-line locations and more than 80 cash and carry stores, US Foods and its 28,000 associates provide customers with a broad, innovative food offering and a full suite of e-commerce, technology and business solutions. US Foods is headquartered in Rosemont, Illinois. Visit www.usfoods.com to learn more.
Statements contained in this press release that are not historical in nature are “forward-looking statements” within the meaning of the federal securities laws. These statements are based on various assumptions and expected future developments. However, you should understand that these statements are not guarantees of performance and that there are a number of important risks, uncertainties and other factors that could cause our actual results to differ materially from those expressed in forward-looking statements. For a detailed discussion of these risks, uncertainties and other factors, see the section titled “Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended January 1, 2022, which has been filed with the Securities and Exchange Commission (“SEC”) on February 17, 2022. We operate in a highly competitive and rapidly changing environment; new risks and uncertainties may arise from time to time and it is not possible to foresee all risks or identify all uncertainties. The forward-looking statements contained in this press release speak only as of the date of this press release and are based on information and estimates available to us at that time. We undertake no obligation to update or revise any forward-looking statements, except as required by law.
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