The Board of Directors of The Coca-Cola Company announced the election of Manuel “Manolo” Arroyo as an executive vice president of the company, effective since Jan. 1, 2024. There are no changes to Arroyo’s duties as global chief marketing officer, a role he has held since January 2020.
Arroyo is responsible for global category teams; Integrated Marketing Experience, including media, digital marketing, design, marketing assets, human insights and marketing performance; marketing operations and capabilities; and the marketing transformation office.
Tate & Lyle PLC, a world leader in ingredient solutions for healthier food and beverages, announce that Institutional Shareholder Services (ISS) has upgraded its Environmental, Social and Governance (ESG) rating1 for Tate & Lyle to ‘Prime’, putting the Company in the top decile of the Food Products sector.
“Tate & Lyle is a purpose-led company with a strong desire to make a positive impact on society,” said Nick Hampton, Chief Executive Officer. “We are proud that our ESG performance and high level of transparency have earned us ISS’s Prime rating, underscoring our commitment to acting as a responsible business in everything we do.”
ISS is one of the world’s leading rating agencies for corporate governance and sustainable investments. ISS ESG Corporate Ratings score companies based on an analysis of more than 100 sector-specific ESG factors. ‘Prime’ status is awarded to companies with an ESG performance above the sector-specific Prime threshold, which means that they fulfil ambitious absolute performance requirements. According to ISS, the Prime rating classification qualifies Tate & Lyle for responsible investment.
Tate & Lyle’s ESG programme includes establishing science-based targets for reducing greenhouse gas emissions, sustainable agriculture programmes for corn and stevia, and a commitment to achieve net zero by 2050. It also comprises policies for employees on areas such as equal parental leave and clear targets to measure progress on equity, diversity and inclusion, including achieving gender equality in its top 500 leadership and management roles by 2025. Tate & Lyle is committed to contributing to the United Nations Sustainable Development Goals (SDGs) and is a signatory of the UN Global Compact.
1Prime rating calculated as of 20 July 2023
SIG’s Corporate Responsibility (CR) Performance Update for 2019 explores key aspects of the company’s Way Beyond Good ambition, highlights its sustainability stories of the year, and reports progress towards its targets for 2020 and beyond.
„Our packaging has delivered food safely to billions of people all over the world. We want to help shape a sustainable food system that gets the most from what it uses and gives more than it takes,” said Rolf Stangl, CEO of SIG. “To do this, we need to go further than we’ve ever gone before. We took some more big steps forward this year and the increased uptake of our most sustainable packaging solutions shows we’re using growth as a driver for good.”
Highlights in 2019
SIG continues to build on its track record of sustainable innovation and industry firsts. Highlights this year include:
- Launching the world’s first Aluminium Stewardship Initiative (ASI) labelled packs and the first aseptic carton packs with all three key materials from certified sources – paperboard, plant-based polymers and aluminium foil
- Increasing uptake of SIG’s most sustainable products, such as SIGNATURE PACK and combibloc EcoPlus
- Introducing the first paper straws for carton packs – first straight and then U-shaped
- Accelerating the timeline to cut greenhouse gas emissions from SIG’s business – by 60 % by 2030 – with a new 1.5°C target approved by the Science Based Targets Initiative
- Engaging in new recycling partnerships around the world, including the innovative so+ma programme that is rewarding consumers in Brazil for recycling
- Turning food loss into over 9,200 school meals for underprivileged children in Bangladesh in the first year of the Cartons for Good programme run by the SIG Way Beyond Good Foundation
- Achieving a Platinum rating from EcoVadis that puts SIG in the top 1 % of businesses for sustainability.
Going further
The CR Performance Update includes a series of stories from the year, which bring to life some of the ways that SIG is realising its ambition to go Way Beyond Good for society and the environment.
The company is focusing on driving progress in the areas where it can make the biggest difference: helping forests thrive, tackling climate change, driving sustainable product innovation, contributing to a circular economy and delivering safe nutrition.
To pursue these opportunities, SIG is building on strong foundations. It is committed to doing business ethically, buying responsibly, supporting its people and keeping them safe, and partnering with communities to help them thrive.
Transparent reporting
SIG’s CR Performance Update is transparent about progress against targets and includes an update on key performance indicators related to the company’s most material social and environmental issues. It also includes direct feedback from SIG’s external Responsibility Advisory Group, together with the company’s response.
The interim CR Performance Update complements SIG’s full CR reports, which are published every other year. It covers the same focus areas and most material social and environmental issues as SIG’s award-winning full CR Report for 2018, which includes more detail on the way we manage these issues. The 2018 CR Report was produced in accordance with the Global Reporting Initiative (GRI) Standards.
Please download SIG’s CR performance update under www.sig.biz/en/
