Governance is a key tenant to a thriving and responsible business. Studies have found that companies with better environmental, social governance (ESG) standards have stronger financial performance and returns1. This is a win-win for investors and the society. Today our Better Days commitment is embedded directly into our Deploy for Growth corporate strategy. This comes to life through our Kellogg’s® Better Days global signature cause platform, where we’re helping to end hunger and drive positive change by tackling the interconnected issues of climate, wellbeing and food security.
Across our ESG work, we are committed to impact, dialogue and transparency.
Since 2015, we’ve created Better Days for nearly 600 million people worldwide. We’ve done so by donating 2.4 billion servings of food to people facing hunger, reaching 3.2 million children through feeding programs, supporting more than 330,000 farmers with climate-smart agriculture programs that support biodiversity, and by reducing greenhouse gas emissions to the equivalent of taking nearly 2.5 billion vehicle miles off of the road2.
An essential element to our efforts is maintaining a dialogue between Kellogg and our investors. We have seen a steady increase in the number of investors interested in our ESG credentials and we regularly meet with investors to share our work and get feedback on areas of opportunity for the company. We also are furthering the dialogue at an industry level, advocating for standardization of metrics and the importance of disclosure for companies and investors. Our Chief Sustainability Officer joined the Sustainability Accounting Standards Board (SASB) Standards Advisory Group to continue to advocate for improved and streamlined investor reporting.
We are committed to ensure best-in-class disclosure. As a result of this work, Kellogg is regularly recognized with some of the world’s highest ESG recognitions, including being named to the Dow Jones Sustainability and FTSE4Good indices and an Ethisphere’s World’s Most Ethical Company the Corporate Human Rights Benchmark, the MSCI ESG Leaders and ECPI Group indices.
We’ve also taken a number of concrete steps to improve our disclosure and increase our transparency:
- We are one of the first U.S.-based companies to have integrated sustainability reporting into mainstream financial reporting, by disclosing environmental metric performance in our Company 10-K.
- For 12 years, we have measured and reported our corporate responsibility efforts against one of the industry’s highest standards, the Global Reporting Initiative (GRI) Sustainability Reporting Guidelines.
- In 2017, we were one of the first companies to report against the Provisional Standards of the SASB and report annually against the SASB Standards on our website.
- Kellogg joined Climate Group’s RE100 in 2017 to take on a leadership role in moving to renewable electricity in the food industry. Today, 28% of electricity use in our facilities comes from renewable sources.
- We share updates on our Better Days commitment as part of key investor events to demonstrate our company values and how this strategy helps deliver growth for the company.
You can learn about our progress towards our Better Days 2030 commitments in our latest Responsibility Report. You can also read more about environmental social governance at Kellogg Company by visiting our Investor Relations website.
2 EPA Equivalencies Calculator. Kellogg Company data from 2015 – 2019. https://www.epa.gov/energy/greenhouse-gas-equivalencies-calculator