SPRINGDALE, Ark., March 31, 2008 (PRIME NEWSWIRE) -- While all companies are focused on the economics of their business, a growing number are also monitoring their social and environmental performance. This includes Tyson Foods, Inc. (NYSE:TSN), which today issued a new corporate responsibility report.
The 64-page publication titled "Sustainability -- It's In Our Nature," outlines Tyson's economic, social and environmental efforts, which company officials call their "triple bottom line." The report is available on-line by going to the following internet site: http://www.tyson.com/Corporate/PressRoom/docs/2007_Sustainability_web.pdf
"We believe sustainability is essentially doing the right thing, whether it involves protecting natural resources, creating alternative energy or feeding the hungry," said Richard L. Bond, president and CEO of Tyson Foods. "It's our hope the new report will show how sustainability is a natural outgrowth of Tyson's Core Values and how we strive to take ethical and social responsibility in the way we do business."
This is the second time a comprehensive overview of the company's corporate responsibility efforts has been compiled in one report. Tyson's first report, titled "Living Our Core Values," was issued two years ago.
"This report is the result of input from both internal and external sources, including the company's senior management and key business units as well as customers and consumers," said Kevin Igli, senior vice president and chief environmental, health and safety officer for Tyson. "We believe it illustrates how sustainability is a fundamental element of our company's culture."
The new sustainability report covers fiscal reporting years of 2006 and 2007. It addresses a wide variety of topics, from ethics, environmental protection and resource conservation to worker safety and health, food safety and animal well-being. It also highlights Tyson's efforts in such areas as new product development, renewable energy, community involvement and hunger relief.
The report also lists some of Tyson's sustainability goals. For example:
* Tyson has reduced its water usage by 15 percent per pound of
finished product over the past two years and intends to implement
additional water conservation measures in fiscal 2008.
* Through alliances with other companies, Tyson plans to produce up
to 250 million gallons of renewable fuel a year from animal fat
within the next three to four years.
* In 2006, Tyson committed to donate 10 million pounds of protein
over three years to America's Second Harvest -- The Nation's Food
Bank Network. The company is on track to exceed this goal ahead
of schedule.
Tyson Foods, Inc. (NYSE:TSN), founded in 1935 with headquarters in Springdale, Arkansas, is the world's largest processor and marketer of chicken, beef, and pork, the second-largest food production company in the Fortune 500 and a member of the S&P 500. The company produces a wide variety of protein-based and prepared food products and is the recognized market leader in the retail and foodservice markets it serves. Tyson provides products and service to customers throughout the United States and more than 80 countries. The company has approximately 104,000 Team Members employed at more than 300 facilities and offices in the United States and around the world. Through its Core Values, Code of Conduct and Team Member Bill of Rights, Tyson strives to operate with integrity and trust and is committed to creating value for its shareholders, customers and Team Members. The company also strives to be faith-friendly, provide a safe work environment and serve as stewards of the animals, land and environment entrusted to it.
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