caret-down

Campbell Highlights Progress on Corporate Social Responsibility Strategy in 2014 Report

Company Reduced Greenhouse Gas Emissions By 4.4 Percent and Water
Consumption By 2.6 Percent per Tonne of Food Produced

CAMDEN, N.J.–(BUSINESS WIRE)–Apr. 22, 2014–
Campbell Soup Company (NYSE:CPB) released its 2014 Corporate
Social Responsibility (CSR) report, What’s In a Name, highlighting
the company’s integrated CSR approach to consumers, employees, the
environment and community. The full report can be viewed at www.campbellcsr.com.

“As a leader in the food and beverage industry, Campbell is
demonstrating our steadfast commitment to making good, honest, authentic
food for the people who live, work and eat in our communities,” said
Denise Morrison, President and Chief Executive Officer, Campbell Soup
Company. “We have worked hard to earn the loyalty and trust of consumers
throughout our 145-year history and are committed to a strategy that
integrates CSR and sustainability across our business in order to build
shareholder value.”

The report details Campbell’s progress against its 2020 Agenda, which
established the company’s CSR imperatives and four Sustainability and
Corporate Citizenship goals:

  • Cut the environmental footprint of Campbell’s product portfolio in
    half, as measured by water consumption and greenhouse gas emissions
    per tonne of product produced;
  • Measurably improve the health of young people in Campbell’s hometown
    communities;
  • Continue to provide consumers with nutrition and wellness choices in
    Campbell’s product portfolio; and
  • Leverage CSR and Sustainability as key drivers of employee engagement
    and performance in Campbell’s culture.

The report highlights Campbell’s progress toward advancing these goals.
In fiscal 2013, the company:

  • Reduced greenhouse gas emissions by 4.4 percent, or more than 20,800
    metric tonnes; reduced water consumption by 2.6 percent per tonne of
    food produced; and achieved a waste recycling rate of 83.2 percent
    worldwide. Campbell also initiated renewable energy projects and
    continued to streamline packaging, with a cumulative reduction of more
    than 65 million pounds in the company’s product portfolio over the
    last five years.
  • Continued to combat childhood obesity and hunger through Campbell’s
    Healthy Communities Program, a $10 million, 10-year initiative that
    promotes better nutrition, physical fitness and access to healthier
    foods for children in Camden. In its second year, the program provided
    193,000 hours of nutrition education to Camden children and 3,800
    hours to adults; 175,000 hours of physical activity to youth through
    Soccer for Success and CATCH – a 75 percent increase over year one;
    and increased food access to 23,000 residents via 36 outlets including
    CSA memberships, corner stores and mobile markets.
  • Enhanced the health and wellness profile of its portfolio by acquiring
    two businesses in new categories: Bolthouse Farms, a leading maker of
    fresh carrots, packaged fresh juices and refrigerated salad dressings;
    and Plum Organics, a leading brand of organic baby food and simple
    meals for children. Campbell’s U.S. product portfolio offers more than
    430 products low in fat, saturated fat and cholesterol, more than 300
    products with less than 100 calories per serving and more than 150
    products that provide at least a half-cup serving of vegetables and/or
    fruits.
  • Provided more than $52 million in food donations and global giving in
    the communities where Campbell operates, including $1.7 million in
    grants from The Campbell Soup Foundation to nonprofit community
    service organizations, with more than half dedicated to agencies
    serving Camden. Campbell employees volunteered more than 21,000 hours
    last year, demonstrating the company’s greatest commitment to social
    responsibility. During Campbell’s annual Make a Difference Week, more
    than 3,600 employees across 16 U.S. locations participated in 90
    projects that focused on building and sustaining healthy communities.

“The spirit of Campbell employees resonates throughout the report,
acting as a catalyst to drive true, measurable outcomes,” said Dave
Stangis, Campbell’s Vice President – Public Affairs and Corporate
Responsibility. “This year’s report illustrates key performance measures
against our strategy and outlines our best opportunities to impact
positive change.”

In recognition of its strategy and strong results, Campbell was named
this year to the Global 100 Most Sustainable Corporations in the World
list by Corporate Knights, the Dow Jones Sustainability Indices, Corporate
Responsibility Magazine’s
100 Best Corporate Citizens, the Civic 50,
the Vigeo U.S. 50 and Vigeo World 120 Indices, and the Human Rights
Campaign 2014 Corporate Equality Index. Campbell also received the
following awards: the DuPont Award for Packaging Innovation, the 2013
Best Employers for Healthy Lifestyles Award by the National Business
Group on Health, the Golden Peacock Award for Excellence in Corporate
Governors from the Institute of Directors, the 2013 Role Model Award
from Produce for Better Health and CPG Award for Innovation from the
Grocery Manufacturers Association.

This report captures Campbell’s CSR and sustainability strategy and
performance in its worldwide operations during fiscal year 2013 (ended
July 31, 2013). The structure and content of Campbell’s 2014 report was
prepared using the Global Reporting Initiative (GRI) G3 Sustainability
Reporting Guidelines, along with the GRI Food Processing Sector
Supplement. Campbell Soup Company self-declared its CSR report to a GRI
Application Level B based on the GRI Application Level Grid. To conserve
resources, the full report is available online at www.campbellcsr.com.

About Campbell Soup Company

Campbell Soup Company is a manufacturer and marketer of high-quality
foods and simple meals, including soup and sauces, snacks and healthy
beverages. Founded in 1869, the company has a portfolio of
market-leading brands, including “Campbell’s,” “Pepperidge Farm,”
“Arnott’s,” “V8,” “Bolthouse Farms,” “Plum Organics” and “Kjeldsens.”
Through its corporate social responsibility program, the company strives
to make a positive impact in the workplace, in the marketplace and in
the communities in which it operates. Campbell is a member of the
Standard & Poor’s 500 and the Dow Jones Sustainability Indexes. For more
information, visit www.campbellsoupcompany.com
or follow company news on Twitter via @CampbellSoupCo.

Source: Campbell Soup Company

Campbell Soup Company
Carla Burigatto (Media)
856-342-3737
Carla_Burigatto@CampbellSoup.com