On March 21, Tyson Foods Inc. (NYSE:TSN) President and CEO Tom Hayes told investors that the company’s newly refined purpose of “raising the world’s expectations for how much good food can do” can be accomplished with sustainability at the forefront. His announcement was delivered at the Consumer Analyst Group of Europe’s annual conference.
Hayes described the company’s “twin growth engines” as a portfolio of protein packed brands, including the billion dollar brands Tyson, Jimmy Dean and Hillshire Farm, coupled with a bold commitment to delivering sustainable food at scale.
“We will use our reach, capabilities and resources to drive positive change,” Hayes said. “Innovation will address complex issues. Trade-offs will be minimized as we solve for healthier food, healthier animals, a healthier environment and a healthier workplace. All of these areas must advance together if we are to create a more sustainable system.”
By investing in sustainability, Tyson Foods expects to create a “virtuous cycle” of contributing to the future while paying for itself in the present. Over time, investments in sustainability should fund themselves through reduced waste and costs.
“Tyson Foods is strong today and leading for tomorrow,” Hayes said. “We’ve demonstrated consistent earnings growth and strong operating cash flow, and we’ve returned cash to our shareholders through share repurchases and dividends. We’re a strong company today with solid financials and a unique position for growth. We’re ready for tomorrow with a purpose, a clear strategy and a world-class team focused on the future.”
For more information on Tyson Foods’ recently announced sustainability efforts, see Tyson Foods' New Leaders Position Company for Future Growth.