Farmer Bros. Co. Earns Improved Ranking From Carbon Disclosure Project
Fort Worth, TX, November 2, 2016 (Newswire.com) - Farmer Bros. Co. (NASDAQ: FARM) (“Farmer Brothers” or the “Company”) a national coffee roaster, wholesaler and distributor of coffee, tea and culinary products announced today that it has been awarded a disclosure score of A- for the 2016 reporting year, placing the Company as a leader among industry peers.
“Working toward a more sustainable environment and protecting our natural resources makes good business sense and is a strategic focus for the company,” said Mike Keown, President and CEO. “We have a strong Sustainability team who works across the organization to strategically manage our environmental impact throughout the entire supply chain.”
The Farmer Brothers score of A- is based on its response to the Carbon Disclosure Project (CDP) questionnaire, which assesses commitments to strategy, governance and stakeholder engagement to reduce carbon emissions. The Company’s high disclosure score is based on its emissions data and leadership in reducing emissions within its industry.
“We are proud to be among the 14% of CDP reporting companies who have set emissions reduction targets beyond 2030,” commented Molly Laverty, Sustainability Director. “Using long-term metrics helps us drive action that will contribute to long-term sustainability for our Company and our growers at origin.”
Farmer Brothers has committed to goals around specific Social, Economic, Environmental and Development (SEED) targets that align with the Global Reporting Initiative (GRI) and CDP. These goals include an aggressive zero-waste-to-landfill by 2017 project and setting new standards for e-waste.
About Farmer Bros. Co.
Founded in 1912, Farmer Bros. Co. is a national coffee roaster, wholesaler and distributor of coffee, tea and culinary products. Our product lines include organic, Direct Trade and sustainably-produced coffee. With a robust line of coffee, hot and iced teas, cappuccino mixes, spices, and baking/biscuit mixes, the Company delivers extensive beverage planning services and culinary products to its U.S. based customers. The Company is a direct distributor of coffee to restaurants, hotels, casinos, offices, quick service restaurants, convenience stores, healthcare facilities and other foodservice providers, as well as private brand retailers.
Headquartered in Ft. Worth, Texas, Farmer Bros. Co. generated net sales of over $500 million in fiscal 2016 and has over 1,600 employees nationwide. The Company’s portfolio features a wide range of coffees and teas including Farmer Brothers®, Artisan Collection by Farmer Brothers™, Metropolitan™, Superior®, Cain’s™, McGarvey® and China Mist®.
CDP is an international, not-for-profit organization providing the only global system for companies and cities to measure, disclose, manage and share vital environmental information. CDP works with market forces, including 822 institutional investors with assets of over €86 trillion, to motivate companies to disclose their impacts on the environment and natural resources and take action to reduce them. More than 5,500 companies worldwide, of which nearly 1,800 in Europe, disclosed environmental information through CDP in 2015. CDP now holds the largest collection globally of primary climate change, water and forest risk commodities information and puts these insights at the heart of strategic business, investment and policy decisions. Please visit www.cdp.net/europe or follow us @CDP to find out more.
Certain statements in this press release constitute “forward-looking statements.” When used in this press release, the words “will,” “expects,” “anticipates,” “estimates” and “believes,” and similar expressions and statements that are made in the future tense or refer to future events or developments, are intended to identify such forward-looking statements. Such forward-looking statements are subject to risks, uncertainties and other factors that could cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.
Isaac N. Johnston, Jr.
Koopman Ostbo Marketing Communications
Source: Farmer Brothers