Tate & Lyle has announced Institutional Shareholder Services (ISS) has upgraded its ESG rating to ‘prime’, putting the company in the top decile of the food products sector.
ISS ESG Corporate Ratings score companies based on an analysis of more than 100 sector-specific ESG factors.
‘Prime’ status is awarded to companies with an ESG performance above the sector-specific prime threshold, which means that they fulfil ambitious absolute performance requirements.
Tate & Lyle CEO Nick Hampton said the company is “purpose lead” with “a strong desire to make a positive impact on society.”
“We are proud that our ESG performance and high level of transparency have earned us ISS’s Prime rating, underscoring our commitment to acting as a responsible business in everything we do,” Hampton added.
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Tate & Lyle’s ESG programme includes establishing science-based targets for reducing greenhouse gas emissions, sustainable agriculture programmes for corn and stevia, and a commitment to achieve net zero by 2050.
It also comprises policies for employees on areas such as equal parental leave and clear targets to measure progress on equity, diversity and inclusion, including achieving gender equality in its top 500 leadership and management roles by 2025.