Company Declares New Sustainability Goals

CAMDEN, N.J.--(BUSINESS WIRE)--Feb. 28, 2018-- Campbell Soup Company (NYSE:CPB) today released its 10^th Corporate Responsibility report, detailing the company’s fiscal year 2017 achievements and outlining new sustainability goals and strategies that further integrate accountability and transparency across the Campbell business.

“As a purpose-driven company committed to making real food accessible to more people, our sustainability strategy is focused on four areas – how Campbell’s food is grown, sourced, produced and shared,” said Dave Stangis, Vice President, Corporate Responsibility and Chief Sustainability Officer. “Our new areas of focus allow Campbell to leverage existing capabilities while exploring additional opportunities to accelerate our impact and drive value for Campbell’s stakeholders.”

New Sustainability Goals

1. Operations

• Reduce absolute greenhouse gas emissions in Campbell’s operations by 25 percent by fiscal 2025;
• Reduce water use by 20 percent by fiscal 2025;
• Reduce waste to landfills by 25 percent by fiscal 2025; and,
• Cut food waste in half by fiscal 2030.

2. Responsible Sourcing

• Responsibly source 100 percent of priority raw materials and establish traceability to the country of origin by fiscal 2025;
• Source 100 percent U.S. chicken meat that complies with higher broiler chicken welfare standards by the end of 2024; and,
• Measurably advance Campbell's supplier diversity program by fiscal 2020.

3. Agriculture

Complementing Campbell’s existing goals to conserve resources on farms, Campbell has committed to source 50 percent (by volume) of plant-based priority ingredients from suppliers engaged in an approved sustainable agriculture program by fiscal 2025.

Fiscal 2017 Sustainability Highlights

At Campbell’s World Headquarters in Camden, N.J., Campbell installed a 4.4-Megawatt solar array, the city’s largest, which will generate the equivalent of 20 percent of the campus’ electricity demand.

In fiscal 2017, Campbell delivered more than 15 billion servings of vegetables globally. Campbell also donated more than $61 million worldwide in direct and in-kind giving and engaged employees in 12,200 volunteer hours.

To read the full report, visit Campbell’s Corporate Responsibility website: www.campbellcsr.com.

About Campbell Soup Company

Campbell (NYSE:CPB) is driven and inspired by our Purpose, “Real food that matters for life’s moments.” We make a range of high-quality soups and simple meals, beverages, snacks and packaged fresh foods. For generations, people have trusted Campbell to provide authentic, flavorful and readily available foods and beverages that connect them to each other, to warm memories and to what’s important today. Led by our iconic Campbell’s brand, our portfolio includes Pepperidge Farm, Bolthouse Farms, Arnott’s, V8, Swanson, Pace, Prego, Plum, Royal Dansk, Kjeldsens, Garden Fresh Gourmet and Pacific Foods. Founded in 1869, Campbell has a heritage of giving back and acting as a good steward of the planet’s natural resources. The company is a member of the Standard & Poor’s 500 and the Dow Jones Sustainability Indexes. For more information, visit www.campbellsoupcompany.com or follow company news on Twitter via @CampbellSoupCo. To learn more about how we make our food and the choices behind the ingredients we use, visit www.whatsinmyfood.com.

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Source: Campbell Soup Company

Campbell Soup Company Nicky Thomson, 856-342-6283 Nicole_thomson@campbellsoup.com