Expanded disclosure sets 2025 targets that include reduced water and energy intensity and drive to cut carbon emissions
IRVING, Texas, Sept. 1, 2020 /PRNewswire/ -- Darling Ingredients Inc. (NYSE: DAR), today announced the company's global sustainability strategy and its 2025 sustainability targets designed to enable company growth while improving sustainability performance. As a global corporation, our strategy aligns the objectives of our Corporate Social Responsibility (CSR) pillars with specific Sustainable Development Goals (SDGs) as set out by the United Nations Global Compact. The 2020 Environmental, Social, and Governance (ESG) Factsheet is posted on our refreshed corporate website at https://www.darlingii.com/csr/resources/esg-factsheet.
"We see ourselves as part of the solution to protect the planet and the life it sustains by repurposing the world's food waste streams into valuable, sustainable ingredients all while assisting in the decarbonization of the world," stated Randall C. Stuewe, Chairman and CEO of Darling Ingredients. We have a responsibility for the generations to come and our goals set today will help secure a pathway and provide us a continual platform to expand and build on for many years to come."
The company set meaningful short-term global targets to reduce by five percent its water and energy intensity by 2025 from its new base year of 2020. The company is also expanding production of renewable diesel by 150 percent, which it expects to achieve in 2022.
Darling's Corporate Social Responsibility objectives are built on three pillars:
- Cleaner Air & Water. Respecting and utilizing natural resources to tackle today's climate challenges. The company is making strategic investments that contribute to the paradigm shift in the world's long-term energy balance by producing renewable fuel from repurposed animal fats, organic residuals, and oil and grease collected from restaurants. Darling's rendering process generates more water than it withdraws – a net-positive water contribution impact. Recovered water is treated and recycled for reuse in the process, used for irrigation or returned to local watersheds.
- Safer Food & Feed. Delivering high quality ingredients and solutions for the agri-food industry. Darling is committed to helping raise the quality of life for people and animals. Much of the company's R&D efforts focus on developing and producing innovative ingredients that help promote a healthy diet and better quality of life.
- Better Communities & Workplaces. Contributing to an economically and socially prosperous society. Safe and healthy environments are crucial not only for Darling's employees, but for the people, animals and nature that surround our offices and facilities. Darling heavily invests in optimizing new technology and processes that minimize the environmental impact of our production facilities.
In pursuing these targets, the company's leadership will ensure that its actions are consistent with responsible capital allocation, commitment to its financial targets and the continued creation of shareholder value. The company believes that achieving its sustainability and business goals will enhance its long-term financial performance and returns, while enabling it to contribute to the sustainability of our planet.
Darling's sustainability commitment to build a better tomorrow for all of the company's stakeholders is rooted in the belief that has driven the company since its establishment in 1882: "We connect economic with ecological value to make a difference. We do this wherever we can, and where it contributes and matters most."
Darling's global businesses play vital roles in carbon emissions avoidance and critical water management. The company's purpose is to repurpose organic waste into sustainable food, feed and fuel that improve the quality of life for humans and animals while protecting the planet and the life it sustains for future generations. "What we produce is important, but so is how we produce it."
Darling Ingredients Inc. is a global developer and producer of sustainable natural ingredients from edible and inedible bio-nutrients, creating a wide range of ingredients and specialty solutions for customers in the pharmaceutical, food, pet food, feed, technical, fuel, bioenergy, and fertilizer industries. With operations on five continents, the Company collects and transforms all aspects of animal by-product streams into useable and specialty ingredients, such as gelatin, edible fats, feed-grade fats, animal proteins and meals, plasma, pet food ingredients, organic fertilizers, yellow grease, fuel feedstocks, green energy, natural casings and hides. The Company also recovers and converts recycled oils (used cooking oil and animal fats) into valuable feed and fuel ingredients and collects and processes residual bakery products into feed ingredients. In addition, the Company provides environmental services, such as grease trap collection and disposal services to food service establishments. The Company sells its products domestically and internationally and operates within three industry segments: Feed Ingredients, Food Ingredients and Fuel Ingredients. For additional information, visit the Company's website at http://www.darlingii.com.
Safe Harbor Statement
Some of the statements made in this press release are forward-looking statements. These forward-looking statements are based upon our current expectations and projections about future events and generally relate to our plans, objectives and expectations for the development of our business. Although management believes that the plans and objectives reflected in or suggested by these forward-looking statements are reasonable, all forward-looking statements involve risks and uncertainties and actual future results may be materially different from the plans, objectives and expectations expressed in this press release.
For more information:
VP, Global Communications & Sustainability
+1 (972) 281-4478
VP, Investor Relations
+1 (972) 281-4823
SOURCE Darling Ingredients Inc.