Sustainability Report.pdf

Smithfield's sustainability strategy is organized into six pillars: animal care, employees, environment, food safety and quality, helping communities, and value creation. The company has set measurable goals and targets, and tracks progress through internal scorecards and awards. Sustainability initiatives have improved efficiency, mitigated risk, and created value for the company and its stakeholders. Smithfield defines sustainability in terms of creating value for the business and stakeholders, and believes that sustainability and business objectives are interconnected. The company reports progress against targets, including significant improvements in worker safety and environmental compliance, but acknowledges challenges in areas like sow housing and contract growing operations. Smithfield balances competing interests by considering the needs of consumers, investors, and stakeholders, and believes that sustainability programs must have a payback to be sustainable. Sustainability is helping to differentiate Smithfield from competitors, with customers citing areas like sow housing, antibiotics policy, and worker safety as examples of the company's leadership on sustainability issues.