Smithfield earns high marks for environmental initiatives
November 10, 2010
by Meat&Poultry Staff
SMITHFIELD, Va. – Smithfield Foods Inc. ranked 176th on the Maplecroft CII Benchmark, which is part of The Maplecroft Climate Innovation Indexes (CIIs), which evaluates company performance in climate-related innovation and carbon management. The Maplecroft CII Benchmark consists of 339 of the largest US companies.
Several selected strengths identified of Smithfield include the company has a publicly disclosed environmental policy that includes commitments to compliance, pollution prevention and continuous improvement; publishes indicators for GHG emissions in its annual corporate social responsibility report; and engages its employees on energy and emissions issues through internal communications and training programs.
Smithfield also noted t it continues to be a member company of the FTSE4Good Index, the responsible investment index calculated by global index provider FTSE Group. The FTSE4Good Index Series has been designed to measure the performance of companies that meet globally recognized corporate responsibility standards, and to facilitate investment in those companies.
The company was also recognized in Newsweek’s 2010 Green Rankings, which includes the 500 largest publicly traded US companies. The companies are evaluated by their overall Green Score, which assess each company's actual environmental footprint and management of that footprint (including policies and strategies), along with its reputation among environmental experts.
"We are pleased that our efforts have been recognized by these various groups for our corporate social responsibility initiatives,” said Dennis Treacy, senior vice president of corporate affairs and chief sustainability officer. “We remain steadfast in our commitment to continue to expand and improve these programs in the future, as corporate social responsibility remains a top priority at Smithfield."