Farmer Bros. Co. Awarded High Marks in Carbon Reporting Disclosure
As part of its ongoing sustainability initiative, Farmer Brothers participates in the Carbon Disclosure Project (CDP). In its first year of reporting, the Company was awarded a disclosure score of 95, placing Farmer Brothers among the top companies in food & beverage for disclosure to the project.
Fort Worth, TX, February 29, 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 has been awarded a disclosure score of 95 for its first year of reporting, placing the Company in the top 5% among industry peers.
“Working toward a more sustainable environment and protecting our natural resources is part of Farmer Brothers’ DNA and a strategic focus for the company,” said Mike Keown, President and CEO. “We have a strong Sustainability team who works across the organization to ensure all roasting plants, distribution centers and branch offices are committed to strategically managing our environmental impact.”
The Farmer Brothers score of 95 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 the level of detail and comprehensiveness of information provided.
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. The Company is a direct distributor of coffee to restaurants, hotels, casinos, offices, quick service restaurants (“QSR's”), convenience stores, healthcare facilities and other foodservice providers, as well as private brand retailers in the QSR, grocery, drugstore, restaurant, convenience store, and independent coffee house channels. Farmer Brothers’ product line includes roasted coffee, liquid coffee, coffee-related products such as coffee filters, sugar and creamers, assorted iced and hot teas, cappuccino, cocoa, spices, gelatins and puddings, soup bases, dressings, gravy and sauce mixes, pancake and biscuit mixes, and jellies and preserves.
Headquartered in Ft. Worth, Texas, Farmer Bros. Co. generated net sales of over $500 million in fiscal 2015 and has approximately 1,800 employees nationwide. The Company's primary brands include Farmer Brothers®, Artisan Collection by Farmer Brothers™, Superior®, MetropolitanTM, Cain'sTM and McGarvey®. For more information, visit: www.farmerbros.com.
About CDP
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.
Forward-looking Statements
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.
Investor Contact:
Isaac N. Johnston, Jr.
(682) 549-6663
Media Contact:
Kyle Mallory
Koopman Ostbo Marketing Communications
Direct: 503-517-6964
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Tags: carbon disclosure project, cdp, coffee, farmer brothers, sustainability
