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Kraft Foods Named to Dow Jones Sustainability Index
Kraft Foods Named to Dow Jones Sustainability Index
Published 09-16-08
Submitted by Kraft Foods Inc.
NORTHFIELD, Ill., Sept. 16 /PRNewswire-FirstCall/ -- Kraft Foods Inc. (NYSE: KFT) has once again been named to the Dow Jones Sustainability World Index and the Dow Jones Sustainability North America Index in recognition of the company's economic, environmental and social performance. In the food sector category, Kraft is the only U.S.-based company to be a World Index Sustainability Leader. In addition, Kraft attained the food industry's leading scores in the World Index in three areas -- operational eco-efficiency, corporate governance and corporate citizenship/philanthropy.
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"At Kraft, sustainability is doing what's good for people, the environment and business," said Steve Yucknut, Vice President, Sustainability. "For a number of years, we've been addressing sustainability issues and concerns, but it's really our increased focus and strategic direction -- coupled with a dedicated employee base and senior leadership guidance -- that's driving the results and successes we see today. Our hard work is paying off, and that's very rewarding."
Kraft's six focus areas for sustainability include agricultural commodities, packaging, energy, water, waste and transportation/distribution. "By looking at our business through a sustainability lens, we identify ideas for positive change that grow our top line and reduce costs," Yucknut said. "Each sustainability focus area plays a vital role in the long-term health of Kraft's business and of the planet."
Launched in 1999, the Dow Jones Sustainability Indexes (http://www.sustainability-indexes.com) are the first global stock indexes tracking financial performance of leading sustainability-driven companies. Updated annually, companies are reviewed based on a thorough analysis of corporate economic, environmental and social performance, assessing issues such as corporate governance, risk management, branding, climate change mitigation, supply chain standards and labor practices. The Dow Jones Sustainability World Index recognizes the top 10 percent of the biggest 2,500 companies worldwide based on long-term economic, environmental and social criteria. The Dow Jones Sustainability North America Index captures the leading 20 percent of the largest 600 North American companies of the Dow Jones Global Index in terms of sustainability.
About Kraft Foods Inc.
For more than a century, Kraft (http://www.kraft.com) has offered delicious foods and beverages that fit the way consumers live. Millions of times a day in more than 150 countries, consumers reach for their favorite Kraft brands, including nine with revenues exceeding $1 billion: Kraft cheeses, dinners and dressings; Oscar Mayer meats; Philadelphia cream cheese; Maxwell House coffee; Nabisco cookies and crackers and its Oreo brand; Jacobs coffees; Milka chocolates; and LU biscuits. Kraft is one of the world's largest food and beverage companies with annual revenues exceeding $37 billion, more than 100,000 employees and more than 180 manufacturing and processing facilities globally. In addition to membership in the Dow Jones Sustainability Index, the company is a member of the Standard & Poor's 500 Index and the Ethibel Sustainability Index.
Forward Looking Statements Safe-Harbor
This press release contains forward-looking statements regarding our belief that looking at our business through a sustainability lens, we identify ideas for positive change that grow our top line and reduce costs; and that each sustainability focus area plays a vital role in the long-term health of Kraft's business. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those predicted in any such forward-looking statements. Such factors, include, but are not limited to, continued higher input costs, pricing actions, increased competition, increased costs of sales, our ability to realize the expected cost savings, a shift in our product mix to lower margin offerings, risks from operating internationally, and tax law changes. For additional information on these and other factors that could affect our forward-looking statements, see our filings with the SEC, including our most recently filed Annual Report on Form 10-K/A and subsequent reports on Forms 10-Q and 8-K. We disclaim and do not undertake any obligation to update or revise any forward-looking statement in this press release.
