Food Business News - June 17, 2014 - (Page 79)

Sustainability All systems go on sustainability strategies Growing number of companies dedicating resources to becoming more responsible izing up sustainability efforts, 2014 looks to be a banner year. In an analysis conducted by the Governance & Accountability Institute, 72% of the companies included in The S&P 500 Index - a list that includes such food and beverage companies as Campbell Soup Co., Coca-Cola Co., General Mills, Kellogg Co. and PepsiCo, Inc. - published a sustainability or corporate responsibility report in 2013, up from 53% in 2012 and only 20% in 2011. "We are seeing clear indications over the past three years that senior corporate management understands the importance of adopting and implementing strategies that reflect the rising interest of investors and stakeholders in corporate sustainability," said Louis D. Coppola, executive vice-president of the Governance S June 17, 2014 & Accountability Institute. "Companies headquartered in the United States of America are publishing sustainability reports in greater numbers, and with more content that meets stakeholder expectations." Companies are publishing the reports for good reasons, not the least of which is consumers are interested in the information. In late May, the International Food Information Council (IFIC) published its "Consumers perceptions of food technology" survey, which found awareness of sustainability in food production remains relatively high, with 57% of Americans saying they have heard or Sustainability reporting soars S&P 500 companies that published a sustainability or corporate responsiblity report 80% 47% 28% 72% Non-reporters 53% Reporters 20% 2011 2012 Source: Governance & Accountability Institute, Inc. 2013 read something about sustainability in food production. This compared with 56% in 2012, 50% in 2010 and 41% in 2008. Not only are consumers aware of sustainability, more than two-thirds surveyed by IFIC said it is important their foods are produced sustainably. "Sustainably" was defined by IFIC as "meeting long-term food needs by producing more food affordably with the same or fewer resources, in a way that is better for the environment and keeps food affordable and accessible for consumers." The aspects of sustainability most important to Americans are "conserving the natural habitat" (47%) and "ensuring an affordable and sufficient food supply" (45%), according to the IFIC survey. Meanwhile, 15% of Americans surveyed cited "reduced packaging material" as FOODBUSINESS NEWS ® 79

Table of Contents for the Digital Edition of Food Business News - June 17, 2014

Food Business News - June 17, 2014
Tyson building a prepared foods powerhouse
Sodium reduction: Aiming at the target
Mid-year markets spotlight
Web Contents
Editorial - Preventing food fraud must be a priority
Peanut butter innovaton propels Smucker
Pinnacle opens pilot plant at Rutgers
Consumer interest in protein remains high
Trashing trillions of calories
Health science at the center of Nestle’s strategy
Nestle sees emerging markets as an e-commerce opportunity
McDonald’s U.S. sales still slipping
Innovation popping at Diamond Foods
Emerging natural and organic food and beverage trends
B&G Foods goes clubbing
C-suite focus shifting toward greater effi ciencies
Krispy Kreme looks to create buzz with licensed coff ee
Private label, sustainability shaping Hain Celestial’s strategy
Quality Egg executives plead guilty to selling adulterated products
Redefining food allergens
Have your cake and quinoa, too
Three snack makers to watch
Flavor mining
Ancient grains for modern trends
Ancient grains in America
All systems go on sustainability strategies
Targeting sodium reduction
General Mills launches Cheerios Protein
Wonka introduces Peel-a-Pops
Ready Pac expands on-the-go meals
Pacifi c Foods adds to hummus offerings
Big chicken fi llet sandwiches debut
Breyers off ers gluten-free ice cream
oCrunch and Kellogg’s partner to create cereal bowl
Stoneridge Orchards launches new dried whole fruit products
GoOrganic debuts fruit chews
popchips rolls out veggie chip line
On the Border debuts smart menu selections
Annie’s announces snack and mini meal kits
Gold’n Plump upgrades frozen chicken patties
Ingredient Market Trends - U.S.D.A. raises U.S. and world wheat ending stocks forecasts
Ingredient Markets
Supplier Innovations and News
Ad Index
Food Business in the News

Food Business News - June 17, 2014