JDE Peet’s, one of the world’s leading pure-play coffee and tea companies by revenue, has announced that Morningstar Sustainalytics, a leading environmental, social, and governance (ESG) ratings provider, has upgraded the company’s ESG rating to the top fourth percentile within the Packaged Foods subindustry.
“The company has very strong ESG reporting and has board level oversight for ESG issues. Moreover, a strong whistleblower programme is in place and the environmental policy is also assessed as strong. The company’s overall management of material ESG issues is strong,” says a spokesperson from Sustainalytics.
JDE Peet’s improved its scores across all 11 assessment categories which Sustainalytics applies, with the biggest improvements in Occupational Health and Safety, Carbon – Own Operations and Human Rights – Supply Chain.
“At JDE Peet’s, we are committed to unlocking the possibilities of coffee and tea to create a better future through our sustainability programme, Common Grounds,” says Laurent Sagarra, Global Quality and Sustainability Director at JDE Peet’s.
“This core business objective cuts across the entirety of our operations through the amplification of our sustainability agenda. Sustainalytics’ recognition of the progress we continue to make is very encouraging and clear evidence that we are on the right path.”
For more information, visit the JDE Peet’s website.
