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Our Impact

Goals, Governance, and Reporting

Our commitments to trusted food, vibrant communities, thriving people, and a healthy environment are among the ways we deliver on the promise of our purpose: Connecting people through food they love. Explore the progress we’ve made so far, our goals for the future, and the strategies, policies, and governance mechanisms that guide our work and decision making.

Our strategy

F24 ESG Framework

Commitments and Progress

We’re proud of the progress we’ve made and look forward to reaching even more of our goals in the coming years.  

ESG Goals

ESG goals 

We report on our external commitments annually, which have been approved by our leadership team with oversight from the Governance Committee of our Board of Directors.

We’re transparent about where we’re doing well and where we have opportunity to improve.

Our performance

Our scorecard shows year-over-year data demonstrating our corporate responsibility performance and progress toward achieving our goals.

In fiscal 2023, progress against our ESG goals will be incorporated into our incentive compensation program, a step that reflects our focus on making meaningful improvements.

Materiality* at Campbell’s

Corporate responsibility topics are considered material for us if they influence the judgment and decisions of our external and internal stakeholders, as well as having an impact on them and our business. In fiscal 2021, we conducted an assessment with internal and external stakeholders to understand where to focus as our company and industry evolves. As a result, we identified and prioritized our material corporate responsibility topics through a multi-step assessment process. 

*Please see our cautionary note on the term materiality.

Campbell Materiality Matrix

  Learn more about our process

We reviewed the key corporate responsibility topics reported publicly by our peers and assessed issues that are trending in the media and with Campbell’s investors, customers, suppliers, and NGO partners. From this research, we added five new topics to our list: Environmental Compliance, Employee Health and Wellness, Employee Engagement, Biodiversity, and Farmer Livelihoods. We also removed two, Women’s Empowerment and Responsible Use of Technology, as we felt they were embedded in other topics.

We surveyed internal and external stakeholders, including employees, suppliers, retail customers, investors, and NGOs. The survey asked respondents to rate 28 economic, social, and environmental topics across two key dimensions—importance to them as a Campbell’s stakeholder and magnitude of impact on the economy, society or the environment. We received over 700 responses in total with employees accounting for 91% of responses.

The results of the assessment were shared with key internal stakeholders and validated against the results of the research. We did see significant shifts in the rating of select topics compared to our last assessment in fiscal 2019, including two of the newly added issues ranking in the top six.

We track our commitments, some externally and some only internally, and we report progress regularly to our leadership team and twice per year to the Governance Committee of our Board of Directors. Responsibility for making progress on ESG issues depends on many teams across the company. We work collaboratively to hold ourselves accountable to our plans, share updates across the organization, and communicate opportunities with relevant teams to accelerate positive impact. 

Governance Structure

Oversight of ESG is conducted by the Governance Committee of the Board of Directors and is reflected in the Committee’s Charter. The Committee takes an active role in the evolution of Campbell’s ESG strategy and public reporting. To ensure that ESG is appropriately managed throughout the organization, we have designed the following governance structure: 

  • Board of Directors: Oversight of ESG activities is managed by the Governance Committee of the Board.
  • Chief Executive Officer: Provides executive direction on ESG strategy. 
  • Operating Committee: With primary focus on our Executive Vice President-General Counsel and Chief Sustainability, Corporate Responsibility and Governance Officer who oversees ESG; Executive Vice President and Chief Supply Chain Officer who oversees supply chain sustainability; and Executive Vice President, Research & Development and Innovation Officer who oversees our food innovation and packaging sustainability initiatives. 
  • Corporate Responsibility & Sustainability Team: Supports Campbell’s ESG strategy and is responsible for Campbell’s environmental strategy. 
  • Sustainability Steering Committee: Senior leaders from operating divisions, supply chain, corporate responsibility and sustainability, manufacturing, research & development, investor relations, and communications who meet regularly to inform the scope and specific elements of the company’s ESG strategy.

Read our report and explore our ESG goals

Read our 2023 data update (PDF)

ESG Goals

Explore our goals (PDF)

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