General Mills Stands for People and Planet in 2024 Global Responsibility Report

General Mills (NYSE: GIS) today released its 2024 Global Responsibility Report, detailing progress the company made across three priority areas – Planet, People and Food – during its 2023 fiscal year, June 1, 2022, through May 28, 2023. The report marks General Mills’ 54^th year of reporting on its environmental and social impact, reinforces the company’s commitment to transparency, and features how General Mills is Standing for Good, a pillar of its Accelerate business strategy.

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General Mills is releasing its first Climate Transition Action Plan aimed to drive collective action and continued progress toward the company’s commitment to reduce greenhouse gas (GHG) emissions across its value chain by 30 percent by 2030 and achieve net zero emissions by 2050. (Graphic: Business Wire)

“General Mills has a nearly 160-year legacy of standing for good, and we’re proud of the impact we’ve had and committed to continuing that journey,” said Jeff Harmening, chairman and CEO, General Mills. “When it comes to the products we make, it’s never just a box – it’s a promise that care has been taken in all aspects of making it. That promise extends beyond nutrition and great taste to our efforts to improve farmland soil health, be a responsible employer and contribute meaningfully to our communities.”

Standing for Planet

As a global food company, General Mills recognizes the risks that climate change presents to people, planet, and its business. To drive collective action and continued progress toward the company’s commitment to reduce greenhouse gas (GHG) emissions across its value chain by 30 percent by 2030 and achieve net zero emissions by 2050, General Mills is releasing its first Climate Transition Action Plan.

The plan details the company’s integrated approach and evolved decarbonization strategies across four key climate levers – agriculture and ingredients, energy and manufacturing, transportation, and packaging.

General Mills is advancing work to reduce its climate impacts. The company surpassed its 2030 Scope 1 and Scope 2 SBTi goals in 2022 and is driving further reductions across its owned operations. Nearly half of the company’s GHG emissions occur upstream of its direct operations, in agriculture, ingredients and packaging. Through 2023, General Mills reduced total value chain emissions by seven percent and further reduced Scope 1 and 2 emissions by 12 percent compared to last year, and 51 percent compared to its 2020 baseline.