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Saputo Issues 2023 ESG Report; Lino A. Saputo Comments

Saputo Issues 2023 ESG Report; Lino A. Saputo Comments

Wednesday, August 23rd, 2023

Saputo is delivering on its brand promise while advancing its environmental, social, and governance initiatives. The cheesemaker recently highlighted impressive progress with its 2023 Saputo Promise Report, noting advancement across several aspects of its business.

Lino A. Saputo, Chair of the Board, President, and Chief Executive Officer, Saputo“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 Chief Executive Officer. “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.”

Consisting of seven pillars designed to help Saputo nourish, protect, and support the communities it calls home, The Saputo Promise is the cheesemaker’s approach to bolstering ESG performance and living up to the values it was founded upon. As a press release explained, the 2023 Saputo Promise Report outlines the company’s long-term commitments associated with each of the seven strategic pillars and includes updates on the progress toward these commitments.

As it advances its environmental, social, and governance initiatives, Saputo highlighted progress with the release of its 2023 Saputo Promise Report

Some highlights noted across the seven pillars include:

  • Food Quality and Safety: 100 percent 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 toward Advancing Gender Balance with the representation of women at senior levels remaining at 25 percent, a 9 percent 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
  • 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

Other key pillars include Nutrition, Community, and Environment.

To access the entire report, click here.

DMN will continue to report on company strategies and initiatives, so stick around for the next update.