RCS - Greggs PLC - Greggs Publishes Annual Sustainability Report

GreggsAnnouncement

10/04/2024 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240410:nRSJ9264Ja&default-theme=true

RNS Number : 9264J  Greggs PLC  10 April 2024

 

GREGGS' DEDICATION TO DO GOOD CONTINUES AS IT REPORTS PROGRESS ON 2025 ESG
GOALS

 

Three-years into its five-year sustainability plan, Greggs outlines the
progress made in 2023 and its key focus areas for year ahead in latest edition
of The Greggs Pledge

 

10 April 2024: Greggs today publishes its fourth annual sustainability report,
which outlines the progress made towards its 2025 sustainability targets and
sets out key focus areas for the year ahead.

 

Three-years into a five-year sustainability plan, Greggs has made significant
progress on its ten commitments and has reached the following key milestones:

 

·    896 Greggs Foundation Breakfast Clubs now open, feeding over 62,000
children every school day

·    Almost £650,000 of Greggs Outlet profits donated to the Greggs
Foundation Community Grant programme to distribute to communities in need

·    97.1% of electricity usage across all operations came from renewable
sources

·    Maintained over 30% of range as 'Healthier Choice' products

·    Over 500 shops (21% of the estate) feature Eco-Shop elements

·    Published Ethnicity Pay Gap Report

Launched in 2021 and aligned with the ambitions of the UN Sustainable
Development Goals, the Pledge focuses on  ten commitments to help make the
world a better place by 2025, centred on three key pillars; building stronger,
healthier communities, making the planet safer, and becoming a better
business.

 

Roisin Currie, Chief Executive at Greggs commented: "'I'm delighted that, in
key areas, we have already achieved what we set out to do by the end of 2025.
We have significantly exceeded our target to make 30% of our products a
healthier choice; and our responsible sourcing policies are firmly established
ahead of schedule.

 

"However, we're always determined to do better. We believe in setting
ambitious targets that push us to think innovatively and collaborate
effectively, even in demanding circumstances.

 

"It's important we continue to look ahead and expand upon our goals beyond
2025. We will focus on what is material to our business in the years ahead,
including our responsibility in promoting regenerative and sustainable
agriculture. We acknowledge the pressing global issue of biodiversity loss and
our suppliers and farmers play pivotal roles in addressing this challenge.
Greggs is dedicated to supporting them in making a meaningful impact and
driving positive change.

 

"Our commitment to 'doing good' is ingrained in our company culture, it's part
of our DNA and we take pride in the feedback from our colleagues who tell us
our Pledge goals and progress makes them proud to work for Greggs."

 

Greggs has assessed the progress made during 2023 against its sustainability
targets and has set out clear targets to achieve by the end of 2025:

 

1.   By the end of 2025: Open 1,000 school Breakfast Clubs, providing 70,000
meals each school day

·    Progress in 2023: 896 Breakfast Clubs fed more than 62,000 children
every school-day.

·    2024 target:  950 Breakfast Clubs, feeding 66,000 children every
school day.

 

2.   By the end of 2025: Create 25% less food waste than in 2018 and
continue to work towards 100% of surplus food going to those most in need

·    Progress in 2023: Greggs reduced the amount of food waste it creates
in its manufacturing operations by a further 10% and increased food
redistribution to 41.9%.

·    2024 target: Greggs will increase unsold food redistribution to 45%
and will maintain cost of manufacturing waste at 0.20% of sales.

 

3.   By the end of 2025: Have 50 Outlet shops providing affordable food in
areas of social deprivation

·    Progress in 2023: Greggs has 35 Outlet shops.

·    2024 target: Greggs will have 41 Greggs Outlet shops and, to increase
collection opportunities for unsold food, will trial two light van
collections.

 

4.   By the end of 2025: 30% of the items on Greggs' shelves will be
heathier choices

·    Progress in 2023: Maintained over 30% of its range as 'Healthier
Choice' products.

·    2024 target: Greggs will continue to maintain its ranging principles
to ensure 30% of its offering are 'Healthier Choice' items.

 

5.   By the end of 2025: Progress towards Net Zero target by using 100%
renewable energy across all of operations

·    Progress in 2023: 97.1% of the electricity and 30% of the gas used
across operations is from renewable sources.

·    2024 target: At least 60% of the gas used across operations will be
from renewable sources and one major distribution depots will be converted to
use HVO as a diesel replacement, covering around 2 million miles using a
renewable fuel option. Greggs will also develop its policy to deal with
non-renewable electricity usage in serviced locations.

 

6.   By the end of 2025: 25% of shops will feature elements from Greggs'
Eco-Shop 'shop of the future' design

·    Progress in 2023: Over 500 shops (21% of estate) feature Eco-Shop
elements.

·    2024 target: 25% of shop estate will feature Eco-Shop elements and
second Eco-Shop will be designed.

 

7.   By the end of 2025: Use 25% less packaging, by weight, than in 2019 and
any remaining packaging will be made from material that is widely recycled

·    Progress in 2023: 87% of own brand packaging can be more easily
recycled.

2024 target: All own brand packaging will be more easily recycled and Greggs
will reduce the amount of packaging used within the supply-chain by moving to
bulk-supply or reusable containers, where options are available.

 

8.   By the end of 2025: Our workforce will reflect the communities we serve

·    Progress in 2023: Published Ethnicity Pay Gap report and provided
enhanced support for colleagues from an ethnic minority background to progress
their career.

·    2024 target: Greggs' core development programmes, aimed at supporting
its potential future management colleagues, will be representative of the
ethnic diversity in our regional talent pools.

 

9.   By the end of 2025: Launch a Responsible Sourcing Strategy and report
annually on progress towards its targets

·    Progress in 2023: Greggs completed the mapping of soy in animal feed
to determine sustainability status.

·    2024 target: 100% declared soy will be certified as sustainable and
will trial the use of wheat from a regenerative farmed source in wholemeal
bread production.

 

10. By the end of 2025: Secure and maintain Tier 1 in the BBFAW Animal Welfare
standard

·    Progress in 2023: Improved chicken welfare standards, with 65% at
stocking densities less than or equal to 30kg/m(2) and the remainder at less
than or equal to 38kg/m(2). All pigs are free from sow-stalls.

·    2024 target: Greggs will further improve chicken welfare standards,
with 75% at less than or equal to 30kg/m(2) stocking density and the remainder
at less than or equal to 38kg/m(2). Greggs will publish and implement its
Chicken Welfare Standard.

 

The full Greggs Pledge is available on the Greggs corporate website: click
here (https://corporate.greggs.co.uk/doing-good/)

 

 

 ENQUIRIES:
 Hudson Sandler
 Rebekah Chapman / India Laidlaw

 Tel:  020 7796 4133

 Email: greggs@hudsonsandler.com (mailto:greggs@hudsonsandler.com)

 

Notes to Editors:

 

Greggs is a leading UK food-on-the-go retailer with more than 2,400 shops
nationwide and approximately 32,000 employees across the business.

 

The company was founded in 1939 by John Gregg, then delivering fresh eggs and
yeast, by pushbike, to the families of Newcastle. Greggs has since grown to
become a nations-favourite and much-loved British brand.

 

Greggs has always been committed to doing the right thing by its people,
partners and the communities it serves. In the sixties Greggs launched its
first free 'pie n peas supper' for older residents in Gateshead, an initiative
that still runs today and continues to support the elderly within the
communities Greggs operates in. The Greggs Breakfast Club, launched in 1999,
provides schoolchildren with free wholesome breakfasts each school day and
today supports more than 62,000 children through its 900 Breakfast Clubs,
across the UK. These, and many more initiatives, are supported through the
Greggs Foundation (https://www.greggsfoundation.org.uk/) , our dedicated
grant-making charity that aims to build stronger, healthier communities in the
areas we operate.

 

As a food-on-the-go retailer, Greggs continues to specialise in daily fresh
shop-made sandwiches, and savouries baked fresh in the shop ovens throughout
the day. These are further complemented by popular products and ranges
including freshly ground coffee, breakfast, confectionery, vegan and evening
menu items. Greggs also offers healthier choices which includes a selection of
lower calorie products.

 

Greggs has delivery partnerships with Just Eat and Uber Eats enabling
customers to enjoy their Greggs favourites via order and delivery. Greggs'
Click + Collect offering provides customers with the ability to select their
shop and collection time slot of choice and allows them to order a range of
Greggs products in advance, ready for collection when they arrive in our
shops. Customers can earn stamps and rewards across all menu categories, on
both walk-in and Click + Collect purchases through the Greggs App.

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  NRAQKLFBZZLLBBD