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New Sustainability Report includes first-time Social and Governance goals and newly established 2025 and 2030 targets, including 90% absolute reduction of greenhouse gas (GHG) emissions by 2030
New Sustainability Report includes first-time Social and Governance goals and newly established 2025 and 2030 targets, including 90% absolute reduction of greenhouse gas (GHG) emissions by 2030
Published 12-09-21
Issued by Tupperware Brands
Tupperware Brands commits to expanded ESG focus with the release of its 2020 sustainability report; sets newly established 2025 and 2030 targets.
Tupperware Brands Corporation (NYSE: TUP), a leading global consumer products company, today published its 2020 sustainability report, which details the 75-year-old company’s commitment to further integrating environmental, social, and governance (ESG) efforts into its business strategy and as part of its ongoing Turnaround Plan.
Since 1946, the Tupperware® brand has been synonymous with reusability and durability, saving people time and money, and reducing food waste. In 2020, Tupperware conducted a critical exercise in order to redefine the company’s purpose and lean into the brand’s heritage to “nurture a better future, every day”. This purpose is achieved by using Tupperware® products to replace single-use plastic and reduce food waste, as well as by offering people around the world an opportunity to potentially earn income by establishing their own goals and running their own business.
In early 2021, Tupperware completed a materiality assessment in order to define the areas most important to the business, and began by building a thoughtful ESG strategy to address these critical areas. Based on this assessment, the 2020 sustainability report highlights a ten-year plan in the environmental pillar, and for the first time, defines Social and Governance targets in the areas of diversity, equity, and inclusion, and ESG compensation and performance-based metrics.
The report details the company’s new ESG targets for 2025 and 2030, aligned with the United Nations Sustainable Development Goals 5, 6, 12, and 13. Highlights include:
Environmental Goals
Social Goals
Governance Goals
“Since Tupperware’s very beginning, we have focused on how we can better care for both people and the planet, using our products to reduce waste and empowering individuals across the world to start, build, and succeed in their entrepreneurial journey through a business opportunity in selling Tupperware® products,” said Miguel Fernandez, President and Chief Executive Officer of Tupperware Brands.
“Despite the recent challenges facing businesses worldwide due to COVID-19, we know there is value in doing the right thing across all aspects of our business, which is why we made tremendous efforts over the past 18 months to hone in on our ESG goals. As we continue along the journey of our Turnaround Plan, our ESG priorities are critical to the success of our business and to the contributions we want our brand to make for current and future generations,” added Fernandez.
The full report is available here.
About Tupperware Brands Corporation
Tupperware Brands Corporation (NYSE: TUP) is a leading global consumer products company that designs innovative, functional and environmentally responsible products that people love and trust. Founded in 1946, Tupperware’s signature container created the modern food storage category that revolutionized the way the world stores, serves and prepares food. Today, this iconic brand has more than 8,500 functional design and utility patents for solution-oriented kitchen and home products. With a purpose to nurture a better future, Tupperware® products are an alternative to single-use items. The Company distributes its products into nearly 70 countries primarily through independent representatives around the world. For more information, visit Tupperwarebrands.com or follow Tupperware on Facebook, Instagram, LinkedIn and Twitter.
Media: Cameron Klaus, cameronklaus@tupperware.com, 407.371.9784
Investors: Alexis Callahan, alexiscallahan@tupperware.com, 321.588.5129
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