The Hershey Company : Hershey’s Second CSR Report Shows Substantial Progress on Sustainability Initiatives
05/01/2012| 09:24am US/Eastern
Report Elevates Transparency, Sets Ambitious New
Targets for the Future
HERSHEY, Pa.--(BUSINESS WIRE)--Apr. 30, 2012-- The Hershey
Company (NYSE: HSY) today issued its second
Corporate Social Responsibility (CSR) Report, "Listen,
Learn, Act,"providing updates on its
substantial progress against the sustainability goals the
company announced in its
first reportin 2010. The new report highlights how
Hershey has met or exceeded nearly all of its original
sustainability targets. The report, which can be found at
, also sets new targets for the company through 2015.
"Our deep commitment to doing well by doing good
traces back more than a century to the values and vision set
by our founder, Milton Hershey," said John P. Bilbrey,
President and Chief Executive Officer, The Hershey Company.
"I am proud of our many, meaningful sustainability
accomplishments during the past few years but we recognize
this is a journey. Our team is committed to continually
improving the way we do business and working to make our
communities stronger. The new goals we have set for ourselves
are fundamental to our business strategy and linked to how we
will grow our business around the world."
Hershey's latest CSR Report outlines its
priorities, programs, progress and new goals in the four
pillars that define the company's CSR framework:
Marketplace, which includes the
company's commitment to fair and ethical business
Environment, which includes
Hershey's environmental stewardship;
Workplace, which describes efforts to
create a desirable workplace for Hershey's employees
who contribute to Hershey's success; and
Community, which outlines
Hershey's focus on making a positive difference in
communities around the world.
Progress Across All Four Pillars
The report outlines Hershey's accomplishments in
all four areas of its CSR framework and sets measurable new
goals for future progress. Examples of progress
Expanded commitment to cocoa communities in West
Africa through a five-year, $10 million commitment to
innovative initiatives that will raise living standards
for 750,000 cocoa farmers and two million community
members by 2020.
Formed a partnership with Rainforest Alliance to
certify the cocoa used inHershey's
Bliss®chocolates and work with
farmers to improve agricultural practices, increase
sustainability and improve livelihoods.
Launched CocoaLink, a first-of-its kind program
funded by Hershey that uses mobile technology to deliver
practical and critical agricultural and social training
to rural cocoa farmers.
Promoted "Happiness through Well-Being"
with consumers through Moderation Nation, a program that
provides information and resources for making balanced
choices and promoting activity. The Hershey Center for
Health & Nutrition also led and supported leading-edge
scientific research on the cardiovascular health, weight
management and cogitative function health benefits of
cocoa, chocolate and nuts.
Joined the Roundtable on Sustainable Palm Oil, a
nonprofit association that develops and implements global
standards for sustainable palm oil.
Advanced its commitment to reduce its carbon
footprint through a range of initiatives, including
installing solar panels in certain facilities, achieving
"zero-waste-to-landfill" status at three
manufacturing plants as well asHershey's
Chocolate Worldattraction, and forming a
joint warehousing, transportation and distribution
initiative with Ferrero Group to maximize distribution
efficiencies, reduce energy consumption and fuel use, and
cut GHG emissions.
Achieved a recycling rate of 80% and saved more
than $21 million through its various environmental
initiatives in 2011.
Continued its top-tier employee health and safety
record, improving lost workday case rates 29% since 2010
and improving total recordable incident rate by 15%
compared to 2010.
Logged more than 56,000 hours of training in
subjects such as high-tech skills, ethics and
Achieved a score of 100% on the Human Rights
Campaign Corporate Equality Index
Increased cash donations to philanthropic
organizations by 28% in 2011 compared to the previous
Contributed more than $9.1 million dollars in cash
and product donations through company and employee
Donated nearly 10,000 employee volunteer hours to
Set a record for company giving to the United Way
with more than $2 million, with employee contributions
totaling a record $1.3 million and the company matching
contribution totaling $850,000.
Participated, through the Hershey's Sales Teams
(around the world), in 137 community volunteer events,
surpassing goal of 100.
In 2011, The Hershey Company earned top honors
theForbesTop Brands list. Hershey
No. 1 for Ethical Leadership,
No. 1 for Honest and Trustworthy,
No. 5 for Overall Brand.
Hershey's new CSR report reflects a higher level of
transparency compared to the company's first report,
attaining the Global Reporting Initiative's (GRI) B+
transparency level. GRI is a widely used standard that
provides companies and organizations with a common framework
to measure and report on sustainability performance.
About The Hershey Company
The Hershey Company (NYSE: HSY) is the largest producer
of quality chocolate in North America and a global leader in
chocolate and sugar confectionery. Headquartered in Hershey,
Pa., The Hershey Company has operations throughout the world
and approximately 12,000 employees. With revenues of more
than $6 billion, Hershey offers confectionery products under
more than 25 brand names, including such iconic brands
Breakers. Hershey also offers premium and
artisan chocolate products under such brands
the Artisan Confections Company, a wholly owned subsidiary.
The company is focused on growing its presence in key
international markets such as China and Mexico while
continuing to build its competitive advantage in the United
States and Canada.
For more than 100 years, The Hershey Company has been a
leader in making a positive difference in the communities
where its employees live, work and do business. Corporate
Social Responsibility is an integral part of the
company's global business strategy, which includes goals
and priorities focused on fair and ethical business dealings,
environmental stewardship, fostering a desirable workplace
for employees, and positively impacting society and local
communities. Milton Hershey School, established in 1909 by
the company's founder and administered by Hershey Trust
Company, provides a quality education, housing, and medical
care at no cost to children in social and financial need.
Students of Milton Hershey School are direct beneficiaries of
The Hershey Company's success.
Source: The Hershey Company
The Hershey Company
Jeff Beckman, 717-534-8090