Freshpet, Inc. (“Freshpet” or the “Company”) (NASDAQ: FRPT) today
announced the release of its inaugural Environmental, Social, and
Governance (ESG) Sustainability Report, titled “Nourishing Pets,
People, and Planet.” The report highlights the Company’s commitment
to strengthening the bond between people and their pets so that
they both live longer, healthier, and happier lives while being
kind to the planet.
In our effort to increase our ESG transparency,
2021 marks the first year we published a Sustainability Report and
SASB aligned environmental metrics. Additionally, we completed CDP
climate and water questionnaires. We believe that these disclosures
will give ourselves, consumers and investors a better idea of how
much we have accomplished and how we will meet our long-term
goals.
The full Freshpet 2021 Sustainability Report can
be found within the Corporate Governance section of the Company’s
investor relations website investors.freshpet.com.
“We relentlessly pursue the very best foods that
change the way people think about ‘pet food’ and do it while
simultaneously caring for all the people who contribute to our
success and the planet that provides us with resources. Those
values were built into the Company from our founding. We call it
‘Pets. People. Planet.’ and it is what drives our decision making
every day,” said Scott Morris, President and Co-Founder of
Freshpet. “Our inaugural Sustainability Report provides insight
into our daily execution of these values and the significant
results we have delivered to date. We are guided by a highly
capable Board of Directors who oversee how our ESG performance
impacts the long-term interests of our partners, investors and the
communities in which we operate. In this report, you will see how
the Freshpet Board has actively guided the company through the
numerous challenges common to high growth companies and how we, as
managers of shareholder capital, have executed to drive value for
all our stakeholders.”
Freshpet’s Approach to Responsible ESG
Practices are Focused in Three Areas:
Pets: Our pets are family and we believe that
natural, fresh food is the best option to help them live long
healthy lives. We work with our farmers to provide the most
nutritious ingredients and strive to source locally to help ensure
freshness. We are proud that 82% of consumers report that Freshpet
makes a visible difference in their pet’s health. Giving back and
supporting the human animal bond is important to Freshpet with over
11.5 million meals donated since our founding. Our commitment to
helping pets continues to grow through partnerships with St
Hubert’s Animal Welfare Center, Pennsylvania SPCA, 4 Paws for
Ability, and others.
People: At Freshpet, putting our people first is
at the heart of everything we do. We celebrate our purpose which
gives our people passion for our company and our products. We
believe that a diverse workforce is essential to our continued
success, and we strive to maintain a diverse and inclusive
workforce at all levels including our Board composition. We are
proud of our high employee loyalty and engagement and all of our
employees receive grants of restricted stock so that we all win
together.
Planet: Environmental sustainability is a
foundational principle of our company and our goal is to become the
most sustainable pet food in the world. We have committed
substantial resources to reducing our company’s environmental
impact including: purchasing animal welfare certified poultry for
our Nature’s Fresh line since 2012, matching all purchased
electricity at our manufacturing facilities with Green-e certified
Renewable Energy Credits since 2014, certifying that our
manufacturing facilities are landfill free since 2016, and
installing a sophisticated on-site wastewater treatment facility
and rainwater capture reservoir in 2020 to reduce our impact on
local water supplies. All of our past learning and more is being
put into our new Kitchen in Ennis, TX which will utilize many
environmentally friendly building techniques such as low carbon
concrete, recycled steel beams, LED lighting, etc. Additionally, a
portion of the power for this facility will come from our first
on-site solar array.
Carbon Neutral Now
We acknowledge the urgency of reducing our
carbon footprint sooner rather than later. Our engineering,
logistics, and procurement teams are working to reduce our
emissions at their source, but these important efforts will take
time. As an interim step, we are offsetting our 2021 Scope 1 &
2 emissions using certified carbon offsets provided by US based
programs. This effort demonstrates our commitment to reducing our
carbon footprint, and we hope that it spurs other companies to act
sooner rather than later as well.
Virtual Investor Day to Highlight ESG
Initiatives and Manufacturing Expansion – August 19,
2021
Freshpet will host a virtual Investor Day on
Thursday, August 19, 2021 at 10:30 am ET. Members of the leadership
team will discuss the Company’s progression of its ESG initiatives
and provide additional insight into its manufacturing capacity
expansion projects to meet customer demand.
Please visit the “Investors” section of
Freshpet’s website at www.freshpet.com to access the live webcast
and presentation.
Forward-Looking Statements
Certain of the Company’s statements in this
release, including future corporate governance changes, are
“forward-looking statements” within the meaning of applicable
securities laws and regulations. Such forward-looking statements
are based on the current expectations of the Company’s management
and Board of Directors and are not guarantees of future
performance, results or outcomes. While the Company believes that
its assumptions are reasonable, it is very difficult to predict the
impact of known factors, and, of course, it is impossible to
anticipate all factors that could affect actual results. For
example, the Company may not receive the requisite approval to
carry out some of its expected initiatives or the Company’s Board
of Directors may abandon or change some or all of its plans with
respect to such initiatives. Such forward-looking statements speak
only as of the date hereof, and the Company disclaims any
obligation to update such forward-looking statements, whether as a
result of new information, subsequent events or otherwise, except
as required by law.
About Freshpet
Freshpet’s mission is to improve the lives of
dogs and cats through the power of fresh, real food. Freshpet foods
are blends of fresh meats, vegetables and fruits farmed locally and
made at our Freshpet Kitchens. We thoughtfully prepare our
foods using natural ingredients, cooking them in small batches at
lower temperatures to preserve the natural goodness of the
ingredients. Freshpet foods and treats are kept refrigerated from
the moment they are made until they arrive at Freshpet Fridges in
your local market.
Our foods are available in select mass, grocery
(including online), natural food, club, and pet specialty retailers
across the United States, Canada and Europe. From the care, we take
to source our ingredients and make our food, to the moment it
reaches your home, our integrity, transparency and social
responsibility are the way we like to run our business. To learn
more, visit www.freshpet.com.
Connect with Freshpet:
https://www.facebook.com/Freshpet
https://twitter.com/Freshpet
http://instagram.com/Freshpet
http://pinterest.com/Freshpet
https://www.tiktok.com/@Freshpet
https://en.wikipedia.org/wiki/Freshpet
https://www.youtube.com/user/freshpet400
CONTACTICRJeff
Sonnek646-277-1263Jeff.sonnek@icrinc.com
Freshpet (NASDAQ:FRPT)
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