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Press release from Business Wire

Heinz 2011 CSR Report Highlights Progress in Reducing Greenhouse Gas Emissions, Solid Waste, Energy Consumption and Water Consumption

Monday, November 14, 2011

Heinz 2011 CSR Report Highlights Progress in Reducing Greenhouse Gas Emissions, Solid Waste, Energy Consumption and Water Consumption09:24 EST Monday, November 14, 2011 PITTSBURGH (Business Wire) -- H.J. Heinz Company (NYSE:HNZ) today in its 2011 Corporate Social Responsibility Report disclosed the Company's progress toward achieving global sustainability goals that it announced in May 2008. In the report, Heinz Chairman, President and CEO William R. Johnson states, “Heinz is on track to achieve or surpass our goal of reducing greenhouse gas emissions, solid landfill waste, energy consumption and water consumption by at least 20% each by Fiscal Year 2015. Our Global Sustainability Process is driving continuous improvement in these four key environmental areas that are strategic priorities for the Company.” Since the baseline year of 2005, Heinz has achieved the following cumulative reductions through Fiscal Year 2011, which ended on April 27: 45.6% global reduction in solid waste per 100 metric tons of production globally 21.8% global reduction in water consumption per metric ton of production globally 13.2% decrease in greenhouse gas emissions per metric ton of production globally 15.1% decrease in energy consumption per metric ton of production globally Other sustainability projects underway at Heinz are focused on reducing packaging, cutting carbon emissions from agriculture, lowering fuel consumption related to transportation and increasing the use of renewable energy. The comprehensive online report at http://www.heinz.com/CSR2011 reflects Heinz's commitment to transparency and accountability by reporting progress across all environmental, social and economic sustainability platforms. OTHER HIGHLIGHTS OF THE REPORT Heinz announced a groundbreaking partnership in 2011 that enables us to manufacture fully recyclable ketchup bottles using The Coca-Cola Company's PlantBottle™ technology. Up to 30% of the PlantBottle packaging material comes from a renewable source – plants – unlike traditional plastic bottles made from non-renewable fossil fuels. In the area of social responsibility, the global reach of the Heinz Micronutrient Campaign expanded to Africa and Haiti for the first time. This innovative non-profit program has led to the treatment and prevention of iron-deficiency anemia in children in developing countries through partnerships that distribute micronutrient powders that provide essential vitamins and minerals to children when stirred into food. The Heinz Micronutrient Campaign has assisted 3.5 million children in 15 developing nations and plans to expand to the United States. Reflecting the success of the Heinz Global Agriculture Program and its focus on sustainable agricultural methods such as drip irrigation, the tomato crop yield of growers producing for the Company increased 9%, exceeding the goal of 5%. The Company's team of tomato experts travels the globe to teach farmers how to grow tomatoes more efficiently and sustainably. At the same time, growers are using natural HeinzSeed, which produces higher-yield tomato plants that are also more disease resistant, reducing the use of water and pesticides. Since 2005, Heinz has produced a CSR Report every two years. For this report, Heinz adhered to the Global Reporting Initiative (GRI) G3 Sustainability Reporting Guidelines, a widely used standard that provides a framework for reporting and tracking progress. The Company seeks dialogue around this report and encourages feedback from its key stakeholders at csr@us.hjheinz.com. SAFE HARBOR PROVISIONS FOR FORWARD-LOOKING STATEMENTS: This press release and our other public pronouncements contain forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally identified by the words “will,” “expects,” “anticipates,” “believes,” “estimates” or similar expressions and include our expectations as to future revenue growth, earnings, capital expenditures and other spending, dividend policy, and planned credit rating, as well as anticipated reductions in spending. These forward-looking statements reflect management's view of future events and financial performance. These statements are subject to risks, uncertainties, assumptions and other important factors, many of which may be beyond Heinz's control, and could cause actual results to differ materially from those expressed or implied in these forward-looking statements. Factors that could cause actual results to differ from such statements include, but are not limited to: sales, volume, earnings, or cash flow growth, general economic, political, and industry conditions, including those that could impact consumer spending, competitive conditions, which affect, among other things, customer preferences and the pricing of products, production, and energy costs, competition from lower-priced private label brands, increases in the cost and restrictions on the availability of raw materials, including agricultural commodities and packaging materials, the ability to increase product prices in response, and the impact on profitability, the ability to identify and anticipate and respond through innovation to consumer trends, the need for product recalls, the ability to maintain favorable supplier and customer relationships, and the financial viability of those suppliers and customers, currency valuations and devaluations and interest rate fluctuations, changes in credit ratings, leverage, and economic conditions and the impact of these factors on our cost of borrowing and access to capital markets, our ability to effectuate our strategy, including our continued evaluation of potential opportunities, such as strategic acquisitions, joint ventures, divestitures, and other initiatives, our ability to identify, finance, and complete these transactions and other initiatives, and our ability to realize anticipated benefits from them, the ability to successfully complete cost reduction programs and increase productivity, the ability to effectively integrate acquired businesses, new products, packaging innovations, and product mix, the effectiveness of advertising, marketing, and promotional programs, supply chain efficiency, cash flow initiatives, risks inherent in litigation, including tax litigation, the ability to further penetrate and grow and the risk of doing business in international markets, particularly our emerging markets; economic or political instability in those markets, strikes, nationalization, and the performance of business in hyperinflationary environments, in each case such as Venezuela; and the uncertain global macroeconomic environment and sovereign debt issues, particularly in Europe, changes in estimates in critical accounting judgments and changes in laws and regulations, including tax laws, the success of tax planning strategies, the possibility of increased pension expense and contributions and other people-related costs, the potential adverse impact of natural disasters, such as flooding and crop failures, the ability to implement new information systems and potential disruptions due to failures in information technology systems, with regard to dividends, dividends must be declared by the Board of Directors and will be subject to certain legal requirements being met at the time of declaration, as well as our Board's view of our anticipated cash needs, and other factors described in “Risk Factors” and “Cautionary Statement Relevant to Forward-Looking Information” in the Company's Annual Report on Form 10-K for the fiscal year ended April 27, 2011 and reports on Forms 10-Q thereafter. The forward-looking statements are and will be based on management's then current views and assumptions regarding future events and speak only as of their dates. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by the securities laws. ABOUT HEINZ: H.J. Heinz Company, offering “Good Food Every Day”™ is one of the world's leading marketers and producers of healthy, convenient and affordable foods specializing in ketchup, sauces, meals, soups, snacks and infant nutrition. Heinz provides superior quality, taste and nutrition for all eating occasions whether in the home, restaurants, the office or “on-the-go.” Heinz is a global family of leading branded products, including Heinz® Ketchup, sauces, soups, beans, pasta and infant foods (representing over one third of Heinz's total sales), Ore-Ida® potato products, Weight Watchers® Smart Ones® entrees, T.G.I. Friday's® meals and snacks, and Plasmon infant nutrition. Heinz is famous for its iconic brands on six continents, showcased by Heinz® Ketchup, The World's Favorite Ketchup®. H.J. Heinz CompanyMedia:Michael Mullen, 412-456-5751Michael.mullen@us.hjheinz.comorInvestors:Margaret Nollen, 412-456-1048