Lamb Weston Holdings, Inc. (NYSE: LW) issued its second annual Environmental, Social, Governance (ESG) report today, which included new 2030 ESG goals. The company also announced that in partnership with European joint venture Lamb Weston / Meijer, the organizations have committed to the Science-Based Targets initiative (SBTi) and will align carbon emissions targets to support the United Nations Paris Agreement.
The company’s 2030 goals focus on four distinct parts of its value chain.
- Protect ambitions that focus on the impact to individuals, focusing on zero tolerance for personal safety incidents and food safety incidents.
- Plant: clear, measurable reduction targets for the company’s agricultural footprint, including reducing water, nitrogen, and active ingredient pesticides used to grow potatoes.
- Produce: responsible sourcing, packaging, and production efficiency targets focused on climate resiliency, including reductions in carbon emissions, water use, and food waste.
- Provide clear commitments for providing value to the communities where Lamb Weston operates, including food nutrition, diversity, equity and inclusion, and philanthropy.
“Our ESG approach continues to evolve, and we’re excited to take this important step, committing to the SBTi,” said Tom Werner, CEO, Lamb Weston. “Together with our colleagues at Lamb Weston / Meijer, we believe SBTi will build accountability and rigor into our efforts to reduce our impact on the planet.”