SOY SunOpta Inc.

SunOpta Releases 2023 Environmental, Social and Governance Report

(Nasdaq:STKL) (TSX:SOY), an innovative and sustainable manufacturer fueling the future of food, is proud to release its . SunOpta’s annual update outlines sustainability progress made in the 2023 fiscal year across four key areas: products, planet, people and governance.

“Since SunOpta’s inception 50 years ago, sustainability has been at the root of what we do as a producer of plant-based food and beverages,” said Brian Kocher, CEO of SunOpta. “Now more than ever, sustainability is at the forefront of our mission and business operations. In my role as CEO, I am committed to building on that legacy and advancing our efforts to continuously and affirmatively impact the food and beverages people consume, the way they are made, and the communities where we live and work.”

Specifically, SunOpta is working to find solutions to reduce electricity, gas and water and to find the best environmental solutions to waste management at its own manufacturing facilities. The company is also committed to developing innovative packaging solutions and using efficient modes of transportation.

Key ESG achievements for 2023 include installing 742 solar panels to reduce 317 metric tons of carbon dioxide (CO2) per year, maximizing the warehouse network to reduce ~100,000 pounds of CO2 emissions annually, and saving 40.4 billion gallons of water through plant-based production.1 Additionally, SunOpta made progress toward its zero waste- to-landfill goal with six of its seven manufacturing facilities having achieved zero-waste2 status.

Following are highlights from the 2023 report:

  • Planet
    • Installed 742 solar panels on headquarters roof that are estimated to produce up to 447,667 kilowatt hours (kWh) annually, reducing 317 metric tons of carbon dioxide (CO2) per year
    • Opened a new warehouse in Alexandria, Minn. that will help reduce ~100,000 pounds of CO2 emissions annually compared to current warehouse network
    • Donated 3.4 million pounds of food (the equivalent of 2.8 million meals) to Feeding America
    • Saved 150+ tons of CO2 emissions from load mode optimization
    • Reduced 12.6% in natural gas usage in our U.S. and Canadian plant facilities
    • 99.2% by weight of all packaging sourced by SunOpta is recyclable3
    • Saved 40.4 billion gallons of water based on plant-based production volume
    • Achieved zero waste to landfill at 6 of 7 facilities
  • Products
    • SunOpta’s OatGold™, an oat protein powder certified by the Upcycled Food Association, was featured as the primary ingredient in the first-ever Oat Protein Cereal introduced by Seven Sundays
    • 30 own branded products enrolled in the U.S. Non-GMO Project
    • Achieved a complaint per million units score of less than 1.6%
    • Attained zero incidents of noncompliance with industry or regulatory labeling and/or marketing codes
    • Received an external food safety audit score of 9.64 (“excellent” range)
  • People
    • 49% of employees at the Director level and above are female, making progress towards our goal of 50% female directors
    • 37.5% of SunOpta’s Board of Director members are female
    • Launched leadership development and supervisor development programs
  • Governance
    • Appointed a dedicated, full-time sustainability director to lead ESG efforts

“SunOpta thrives on the challenge and opportunity to execute on our environmental, social, and governance goals and continuously improve our reporting,” said Stacy Seidel, Head of ESG at SunOpta. “With an updated Materiality Assessment and the valuable reflection from the past year, we are ready to plan the next steps in our sustainability journey.”

About SunOpta, Inc.

SunOpta (Nasdaq:STKL) (TSX:SOY) is an innovative and sustainable manufacturer fueling the future of food. With roots tracing back over 50 years, SunOpta drives growth for today’s leading brands by serving as a trusted innovation partner and value-added manufacturer, crafting organic, plant-based beverages, fruit snacks, nutritional beverages, broths and tea products sold through retail, club, foodservice and e-commerce channels. Alongside the company’s commitment to top brands, retailers and coffee shops, SunOpta also proudly produces its own brands, including ®, ®, and TM. For more information, visit and .

1. This figure was determined with an estimated global average water savings of plant-based milk when compared to equivalent production of dairy milk based on SunOpta’s annual plant-based milk production volume consisting of almond, oat, soy, rice, and coconut milks which represent over 99% of SunOpta plant-based milk production. Data comes from Poore and Nemecek (2018) with additional calculations by Poore as published by BBC and Roos et al. (2018). The water savings estimations are not directly associated with water use from SunOpta plant-based milk manufacturing, but instead refer to global averages of water consumption from plant-based milk production.

2. SunOpta has adopted a zero-waste definition as 90% diversion of waste from landfill.

3. Recyclability is based on local municipality capabilities.

EN
02/05/2024

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on SunOpta Inc.

 PRESS RELEASE

SunOpta Inc. to Participate in Upcoming Investor Conferences

MINNEAPOLIS--(BUSINESS WIRE)-- SunOpta Inc. (“SunOpta” or the “Company”) (Nasdaq:STKL) (TSX:SOY), an innovative and sustainable manufacturer fueling the future of food, today announced that the Company will participate in two upcoming investor conferences. These include the BMO Global Farm to Market Conference, to be held May 15-16, 2024 in New York, N.Y. and William Blair’s Annual Growth Stock Conference, to be held June 4-6, 2024 in Chicago, Ill. At the BMO Global Farm to Market Conference, the Company will meet with investors and participate in a fireside chat at approximately 9:30 a.m. E...

 PRESS RELEASE

SunOpta Announces First Quarter Fiscal 2024 Financial Results

MINNEAPOLIS--(BUSINESS WIRE)-- SunOpta Inc. (“SunOpta” or the “Company”) (Nasdaq:STKL) (TSX:SOY), an innovative and sustainable manufacturer fueling the future of food, today announced financial results for the first quarter ended March 30, 2024. All amounts are expressed in U.S. dollars and results are reported in accordance with U.S. GAAP, except where specifically noted. First Quarter 2024 highlights: Revenues of $182.8 million increased 18.0% compared to $155.0 million in the year earlier period, driven by 23.5% volume growth partially offset by a 5% price reduction for pass-through...

 PRESS RELEASE

SunOpta Releases 2023 Environmental, Social and Governance Report

MINNEAPOLIS--(BUSINESS WIRE)-- (Nasdaq:STKL) (TSX:SOY), an innovative and sustainable manufacturer fueling the future of food, is proud to release its . SunOpta’s annual update outlines sustainability progress made in the 2023 fiscal year across four key areas: products, planet, people and governance. “Since SunOpta’s inception 50 years ago, sustainability has been at the root of what we do as a producer of plant-based food and beverages,” said Brian Kocher, CEO of SunOpta. “Now more than ever, sustainability is at the forefront of our mission and business operations. In my role as CEO, I a...

 PRESS RELEASE

SunOpta Amends Series B-1 Preferred Share Terms to Eliminate Dividend

MINNEAPOLIS--(BUSINESS WIRE)-- SunOpta Inc. (“SunOpta” or the “Company”) (Nasdaq:STKL) (TSX:SOY), a U.S.-based global pioneer fueling the future of sustainable, plant-based foods and beverages, today announced the elimination of the dividend rights attaching to the shares of Series B-1 Preferred Stock (the “Series B-1 Preferred Shares”) of its subsidiary, SunOpta Foods Inc. (the “Subsidiary”), effective from and after December 31, 2023. Funds managed by Oaktree Capital Management, L.P. (“Oaktree”) acquired 15,000 Series B-1 Preferred Shares for US$15 million in 2020 in a financing of the Com...

 PRESS RELEASE

SunOpta Inc. Schedules First Quarter 2024 Financial Results Release an...

MINNEAPOLIS--(BUSINESS WIRE)-- SunOpta Inc. (“SunOpta” or the “Company”) (Nasdaq:STKL) (TSX:SOY), a U.S.-based global pioneer fueling the future of sustainable, plant-based foods and beverages, today announced that the Company will issue financial results for the first quarter ended March 30, 2024 after the markets close on Wednesday, May 8, 2024. Following the release, SunOpta will host a conference call at 5:30 p.m. Eastern Time to discuss its financial results and recent corporate developments. After prepared remarks, there will be a question and answer period. Investors interested in l...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch