Companies leading the way in corporate environmental and sustainability reporting are the Coca-Cola Co., Inbev, Smithfield Foods and PepsiCo, Inc., according to a new report issued by the Roberts Environmental Center of Claremont McKenna College.
Titled "2009 Consumer Food, Food Production, and Beverages Industry Report," this bi-annual study examines Pacific Sustainability Index (P.S.I.) scores evaluating the environmental and social reporting of the largest companies on the Fortune Global 500 and Fortune 500 Consumer Food, Food Production and Beverages sector lists.
Jennifer Ward, Roberts Environmental Center Research Analyst, comment: Coca-cola, PepsiCo, and InBev, the world's biggest beverage (and snack) companies, established the top of the curve for this sector's PSI grading scale, as they presented the most comprehensive, exemplary sustainability standards. Paradoxically, Smithfield Foods, a company that is more vulnerable to negative environmental impacts because of its massive pig farming operation, reports more than other companies that are perceived to have cleaner operation such as a bottling company Coca-Cola Enterprises or Pepsi Bottling.
The study attested Smithfield Foods, the world's largest pork processor, a comprehensive environmental and social reporting. The company was the first of its kind to achieve ISO 14001 certification at all U.S. hog production and pork/beef processing facilities and notes that its European branches are now doing the same. Smithfield reports both qualitative and quantitative data for a number of factors, including greenhouse gas emissions, waste generation, electricity consumption, and water use. Some of which have been increasing apparently because of growth and acquisition of new facilities. Smithfield is also transparent in reporting both environmental and safety notices of violation and fines.
Source: Roberts Environmental Center