ConAgra Foods, Inc. (NYSE:CAG) has announced five sustainability goals to be reached by 2015 in an effort to reduce its packaging, water, greenhouse gas, and solid waste significantly. By 2015 the company will reduce its greenhouse gas emissions by 20% per pound of product that it produces. It will reduce its water use by 15% per pound of product. Both greenhouse and water waste will be compared to 2008 numbers. The company’s solid waste will be diverted by 75% from landfills compared to 2011 levels. ConAgra will encourage the improvement of its supply chain in the areas of energy, water, materials, and waste. The company will also work to reduce its packaging by 10% per pound of product that it produces. The company will also increase the amount of packaging made by renewable resources to 50% and increase the use of recycled packaging by 25%.
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ConAgra Foods, Inc. (ConAgra Foods) is food company supplying potato, other vegetable, spice and grain products to a variety of restaurants, foodservice operators and commercial customers. The Company operates in two segments: Consumer Foods and Commercial Foods. The Consumer Foods segment includes branded and private label food products, which are sold in various retail and foodservice channels, principally in North America. The Commercial Foods segment includes commercially branded foods and ingredients. On August 1, 2008, ConAgra Foods acquired Saroni Sugar & Rice, Inc., a distribution company. On September 22, 2008, it acquired a 49.99% interest in Lamb Weston BSW, LLC (Lamb Weston BSW). In June 2009, the Company completed the divestiture of the Fernando’s foodservice brand.
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