CHICAGO, Oct. 25,
2023 /PRNewswire/ - Tate & Lyle,
a world leader in ingredient solutions for healthier food and
beverages, is pleased to announce that Institutional Shareholder
Services (ISS) has upgraded its Environmental, Social and
Governance (ESG) rating1 for Tate & Lyle to 'Prime',
putting the Company in the top decile of the Food Products
sector.
"Tate & Lyle is a purpose-led company with a strong desire
to make a positive impact on society" said Nick Hampton, Chief Executive Officer. "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."
ISS is one of the world's leading rating agencies for corporate
governance and sustainable investments. 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. According to ISS, the Prime rating classification
qualifies Tate & Lyle for responsible investment.
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. Tate & Lyle is committed to
contributing to the United Nations Sustainable Development Goals
(SDGs) and is a signatory of the UN Global Compact.
To learn more about ISS,
visit: https://insights.issgovernance.com/
1 Prime rating calculated as of 20 July 2023
About Tate & Lyle: Supported by a 160-year history of
ingredient innovation, Tate & Lyle partners with customers to
provide consumers with healthier and tastier choices when they eat
and drink. We are proud that millions of people worldwide consume
products containing our ingredients every day.
Through our expertise in sweetening, fortification, and texture,
we develop ingredient solutions to reduce sugar, calories, and fat,
add fiber and protein, and provide texture and stability in
categories including beverages, dairy, bakery, snacks, soups,
sauces, and dressings.
We have over 3,500 employees in nearly 60 locations across 39
countries. Science, Solutions, and Society is our brand promise and
how we will achieve our purpose of Transforming Lives Through the
Science of Food. By living our purpose, we believe we can
successfully grow our business and have a positive impact on
society. We live our purpose in three ways: by supporting healthy
living, building thriving communities, and caring for our
planet.
Tate & Lyle is listed on the London Stock Exchange under the
symbol TATE.L. American Depositary Receipts trade under TATYY. In
the year to 31 March 2023, Tate &
Lyle's revenue from continuing operations totalled £1.75
billion.
For more information, please visit https://www.tateandlyle.com
or follow Tate & Lyle on Twitter, Linkedin, Facebook and
YouTube.
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SOURCE Tate & Lyle North
America