General Mills secures a position in the sustainable A Catalog
MINNEAPOLIS — For climate change and water security, General Mills, Inc. was recognized with a spot on the “A List” of the CDP (previously the Carbon Disclosure Project).
It was the only food and beverage firm to make both lists and one of just ten North American businesses to score highly in all sustainability areas.
Using CDP’s platform, more than 525 investors with over $96 trillion in assets asked businesses to provide information on their environmental activities and consequences.
The nonprofit gave corporations marks ranging from A to D-based on how well they address environmental issues. An F was assigned to those who either withheld information or gave it insufficiently.
According to Mary Jane Melendez, chief sustainability and social impact officer at General Mills, “it’s a business imperative for us to be responsible stewards of natural resources within our walls while ensuring that same accountability across our value chain.” We are reliant on the quantity, health, and caliber of natural resources, therefore even if there is always more to be done, we are grateful for this recognition for our impact and progress thus far.”
Other US businesses that were recognized for their environmental efforts includeAmong the top European firms were Nestle, S.A.; Barry Callebaut; Danone; Coca-Cola European Partners; Mars Inc.; The Coca-Cola Co.; PepsiCo, Inc., and Ingredion Inc.
Bruno Sara, head of CDP North America, stated, “We must transition to a low-carbon economy now to avoid the worst impacts.” “Climate change and water insecurity are undeniable business risks if unaddressed.” “A List companies understand that sustainability offers a thrilling opportunity to innovate and challenge conventional thinking, demonstrating that environmental responsibility is a sound business decision.”
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Among the lowest-ranked food and beverage firms were Mondelez International, Inc. and The Hain Celestial Group, Inc. Both companies scored a passing mark for climate change but a D for water security.
Regarding water security and climate change, Dean Foods and Monster Beverage Corp. both scored a failing grade. Regarding its deforestation initiatives, none of the food and beverage companies scored highly.