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Food Companies Take Responsibility for Improved Sustainability Reporting

Following the global trend in environmental awareness, paired with heightened consumer consciousness, food companies are increasingly facing new expectations and seeking to proactively communicate the  economic, social and environmental performance of their businesses.         The Global Reporting Initiative (GRI) has responded to the demand for increased transparency in food production by facilitating a working group to provide sector-specific sustainability indicators for food processing activities.

Following the global trend in environmental awareness, paired with heightened consumer consciousness, food companies are increasingly facing new expectations and seeking to proactively communicate the  economic, social and environmental performance of their businesses.
        The Global Reporting Initiative (GRI) has responded to the demand for increased transparency in food production by facilitating a working group to provide sector-specific sustainability indicators for food processing activities. The resulting Sector Supplement on Food Processing will be open to a public comment period and will complement the more general GRI-developed G3 Guidelines for sustainability reporting.
        The aim of the working group developing the new GRI sector-specific indicators is to enable companies and stakeholders to better measure and communicate sustainability progress. This is based on the principle that good measurement supports good management and is a prerequisite for good communication.
        Consumers are becoming increasingly interested in understanding how what they eat and drink is produced. This shows the need for a voluntary initiative of companies working together with stakeholders to meet these expectations.
        NestlĂ©, Bunge, Tyson Foods and Green Mountain Coffee Roasters affirm that working with GRI to develop specific sustainability reporting guidelines for the food processing sector brings value to their sustainability reporting management programs.
        Sustainability reporting is becoming the way many companies are reinforcing the trust of consumers and expanding their competitive advantage against other market players.
        For more information, contact Anna Pouls at [email protected]
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