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TCFD

TASK FORCE ON CLIMATE-RELATED FINANCIAL DISCLOSURES

More than a century of caring for our climate

Our founder, W.K. Kellogg, was an early philanthropist and conservationist. Because of his passions, Kellogg Company has long been committed to nurturing the planet and taking action to help lessen the impact of climate change. Kellogg believes that transparency and advocacy will help drive the change we need to protect our planet. That’s why we joined the Task Force on Climate-related Financial Disclosures (TCFD). We are leveraging our global scale and voice to drive climate action and nature-based solutions by addressing climate change issues across our supply chain.

Recognized for our ESG leadership

In 2021, Kellogg Company’s sustainability performance was ranked in the top 15% of our industry according to the 2021 S&P Global ESG Yearbook, making it among the world’s highest performing sustainable companies. Kellogg is included in the World Benchmarking Alliance rankings, as well as the FTSE 4 Good and DJSI indices. These prestigious global benchmarks recognize best-in-class corporations for sustainable business practices. We disclose our climate-related data to CDP annually, and report against the Sustainability Accounting Standards Board (SASB) and Global Reporting Initiative (GRI) frameworks. We’re also the first global food company to launch a Sustainability Bond, leveraging the power of the public market to drive global sustainability initiatives.

A science-based approach to climate solutions

Kellogg was one of the first companies to set science-based targets in 2015. Since then, we’ve also joined the global corporate renewable energy initiative RE100, committing to use 100% renewable electricity sources in our global Kellogg manufacturing facilities by 2050, and joined important climate coalitions like We’re Still In to encourage high-level action on climate.

Kellogg also is mitigating climate risk across our value chain with innovative solutions like Kellogg’s InGrained^™, a new program we launched in 2022 to help rice farmers reduce climate impact. This program provides financial and technical assistance to help rice farmers transition to more sustainable growing practices. We are committed to nurturing our planet and have signed a long-term wind energy virtual power purchase agreement (VPPA) to help power more than 50% of our North American manufacturing facilities with renewable energy by the end of 2022.

Our Environmental, Social and Governance (ESG) commitments

A day where people are fed and fulfilled. A day where our planet thrives. A day where there is a seat at the table for everyone.

Kellogg’s Better Days Promise ESG strategy is our promise to advance sustainable and equitable access to food by addressing the intersection of wellbeing, hunger, sustainability and equity, diversity and inclusion (ED&I). In doing so, we’ll create better days for 3 billion people by the end of 2030.

Toward this aim, our sustainability goals include:

• Supporting 1 million farmers and agronomists globally, including women and smallholders, by the end of 2030.
• Building resilient and responsible supply chains for our priority ingredients.
• Reducing absolute Scope 1 & 2 greenhouse gas (GHG) emissions by 45% by the end of 2030.
• Partnering across our value chain to reduce absolute Scope 3 GHG emissions by 15% by the end of 2030.
• Achieving 100% renewable electricity in global Kellogg manufacturing facilities by the end of 2050.
• Reducing water use in global Kellogg manufacturing facilities in high water stress regions by 30% by the end of 2030.
• Achieving 100% reusable, recyclable or compostable packaging (by volume) by the end of 2025.
• Reduce food waste across our global Kellogg manufacturing facilities globally by 50% by the end of 2030.

Strong governance overseeing our efforts

At Kellogg, we believe all employees play an important role in achieving our climate commitments. Additionally, numerous leaders are accountable for achieving specific commitments, based on their roles.

Our Climate Milestones

For more information, see our Climate Action commitments and progress.

Task Force on Climate-Related Financial Disclosures (TCFD) Index

Note: Our commitments and our progress against our ESG commitments exclude our consolidated and unconsolidated joint ventures in West Africa and China.

View/download 2021/2022 Task Force on Climate-Related Financial Disclosures (TCFD) Index