Performance Food Group Company Releases 2023 Environmental, Social and Governance Report

Performance Food Group Company (PFG) (NYSE: PFGC) recently released its fiscal year 2023 Environmental, Social and Governance (ESG) report. The annual report highlights the company’s progress toward achieving its ESG goals that focus on areas important to the business and company stakeholders.

“Since announcing our initial ESG goals in 2021, our journey has been marked by steady and consistent progress,” said Craig Hoskins, President & Chief Operating Officer, PFG. “We are proud of the progress we’ve made in becoming more energy efficient, reducing our greenhouse gas emissions, eliminating waste, sourcing responsibly, and being an inclusive workplace. As we move forward, our focus remains on delivering on our ESG goals and ensuring our legacy continues to be one of positive impact and meaningful change for our associates, customers, suppliers, and the communities where we live and work.”

The 2023 ESG report highlights the progress made by PFG on its ESG goals previously shared in the company’s fiscal year 2021 and 2022 ESG reports. These include:

• In fiscal year 2023, PFG continued its focus on reducing power consumption at its facilities. To date, energy-efficient enhancements have been completed at six PFG facilities—with more planned in the future. In the last three years, the company has reduced its overall power intensity by 12 percent.
• PFG collaborated with external partners to install electric refrigeration technology on battery-electric trucks and trailers resulting in the direct, emissions-free distribution of refrigerated and frozen foods. The company plans to continue to utilize sustainable technologies as part of its fleet in the future.
• As part of its responsible sourcing program, PFG implemented processes for monitoring and verifying third-party certification of environmentally and socially responsible practices within the company’s supply chain. More than 90 percent of PFG-branded beef, pork, poultry, seafood, coffee and tea products meet the certification requirements.
• PFG monitors operational and food waste to ensure the company diverts as much waste as possible from landfills. The company has achieved its goal of an 80 percent diversion rate for operational waste seven years ahead of schedule.
• To increase supplier diversity, PFG continued to increase product sourcing with minority-, women-, veteran-, persons with disabilities-, and LGBTQ-owned businesses.
• PFG continues to integrate comprehensive diversity and inclusion strategies into our business and people practices.

PFG has introduced new goals in the fiscal year 2023 ESG report, which include: