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Classified in: Environment
Subjects: Photo/Multimedia, Corporate Social Responsibility, Business Update

General Mills Stands for People and Planet in 2024 Global Responsibility Report


General Mills (NYSE: GIS) today released its 2024 Global Responsibility Report, detailing progress the company made across three priority areas ? Planet, People and Food ? during its 2023 fiscal year, June 1, 2022, through May 28, 2023. The report marks General Mills' 54th year of reporting on its environmental and social impact, reinforces the company's commitment to transparency, and features how General Mills is Standing for Good, a pillar of its Accelerate business strategy.

"General Mills has a nearly 160-year legacy of standing for good, and we're proud of the impact we've had and committed to continuing that journey," said Jeff Harmening, chairman and CEO, General Mills. "When it comes to the products we make, it's never just a box ? it's a promise that care has been taken in all aspects of making it. That promise extends beyond nutrition and great taste to our efforts to improve farmland soil health, be a responsible employer and contribute meaningfully to our communities."

Standing for Planet

As a global food company, General Mills recognizes the risks that climate change presents to people, planet, and its business. To drive collective action and continued progress toward the company's commitment to reduce greenhouse gas (GHG) emissions across its value chain by 30 percent by 2030 and achieve net zero emissions by 2050, General Mills is releasing its first Climate Transition Action Plan.

The plan details the company's integrated approach and evolved decarbonization strategies across four key climate levers ? agriculture and ingredients, energy and manufacturing, transportation, and packaging.

General Mills is advancing work to reduce its climate impacts. The company surpassed its 2030 Scope 1 and Scope 2 SBTi goals in 2022 and is driving further reductions across its owned operations. Nearly half of the company's GHG emissions occur upstream of its direct operations, in agriculture, ingredients and packaging. Through 2023, General Mills reduced total value chain emissions by seven percent and further reduced Scope 1 and 2 emissions by 12 percent compared to last year, and 51 percent compared to its 2020 baseline.

"The health of our planet and our ability to make food the world loves are inherently intertwined," said Mary Jane Melendez, chief sustainability and global impact officer, General Mills. "Our Climate Transition Action Plan and continued progress demonstrate how we are working from the ground up, with partners across our value chain and industry, to help solve today's food and agriculture challenges and build a resilient future."

Additional Planet progress in fiscal 2023 includes:

Standing for People

In 2023, General Mills continued to reinforce its newest core value, "Champion Belonging," underlining its commitment to fostering an inclusive culture where all employees feel supported and can show up as their authentic selves. The company also made strides in its journey to increase workforce diversity. Outside the workplace, General Mills is helping support its hometown communities around the world through charitable giving, volunteerism, and food donations.

"It is incredibly powerful when we come together to make an impact," said Jacqueline Williams-Roll, chief human resources officer, General Mills. "Whether that is through fostering a culture of belonging at General Mills to leveraging our resources to help communities in need around the world, I am incredibly proud of all the ways Team General Mills comes together to stand for good, put people first, and make a positive difference."

Additional People progress in fiscal 2023 includes:

Making Food the World Loves

As a global food company, General Mills embraces the diversity of people's needs, keeping consumers at the heart of everything they do. With more than 100 brands across 100 countries, General Mills provides consumers with a variety of foods to nourish people and their pets, while keeping people and planet in mind.

Notable Food progress in fiscal 2023 includes:

To learn more about General Mills' progress, visit GeneralMills.com/howwemakeit.

G STANDS FOR GOOD

General Mills stands for good ? for the people we serve, the brands you love and the planet we depend on. For nearly 160-years, General Mills has believed doing good and good business go hand-in-hand. The company is putting people first by improving food security and advancing diversity, inclusion, and a culture of belonging, and by creating positive planetary outcomes through actions beyond its walls. Learn more at GeneralMills/gstandsforgood.

ABOUT GENERAL MILLS

General Mills makes food the world loves. The company is guided by its Accelerate strategy to drive shareholder value by boldly building its brands, relentlessly innovating, unleashing its scale and standing for good. Its portfolio of beloved brands includes household names such as Cheerios, Nature Valley, Blue Buffalo, Häagen-Dazs, Old El Paso, Pillsbury, Betty Crocker, Yoplait, Totino's, Annie's, Wanchai Ferry, Yoki and more. Headquartered in Minneapolis, Minnesota, USA, General Mills generated fiscal 2023 net sales of U.S. $20.1 billion. In addition, the company's share of non-consolidated joint venture net sales totaled U.S. $1.0 billion.


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