Darling Ingredients Inc, has been recognized by Morningstar Sustainalytics as one of the highest-rated ESG companies in the industry by 2023. As of March 2023, Darling Ingredients received an ESG risk rating of 20.6, placing the company in the top 4th percentile in the food industry and in the top 2nd percentile in the packaged food sub-industry according to Sustainalytics’ qualifications.
Morningstar Sustainalytics’ ESG Risk Ratings measure a company’s exposure to industry-specific material ESG risks and the extent to which a company manages those risks. This multidimensional way of measuring ESG risk combines the concepts of management and exposure to arrive at an ESG risk rating that is comparable across industries. Sustainalytics’ ESG Risk Ratings provide a quantitative measure of unmanaged ESG risk, distinguishing between five levels of risk: negligible, low, medium, high, and severe.
“As a company, we take our ESG responsibilities very seriously and are pleased to have our efforts recognized,” said Randall C. Stuewe , chairman and CEO of Darling Ingredients. “Our value proposition is simple: we eliminate waste from the meat industry and turn those products into valuable ingredients. Sustainability is at the heart of our business and we are committed to continuously improving our ESG performance – not just to meet the expectations of our stakeholders, but also because we believe it is the right thing to do.”
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Darling Ingredients recycles edible by-products and food waste into sustainable products and is a leading producer of renewable energy. It is the largest publicly traded company that converts the 50 percent of the animal that does not make it to the plate into valuable ingredients. Darling Ingredients makes food ingredients that are used to make gelatin capsules for pills, food thickeners, and collagen peptides for health and nutrition. The company sells ingredients to companies that make food for pets and livestock such as pigs, cattle, poultry and fish.
“We are excited to be recognized by Sustainalytics as a top-rated ESG company in the industry by 2023,” said Suann Guthrie , Senior Vice President of Investor Relations, Sustainability & Communications. “Where other companies often see waste, we see opportunity – for our shareholders and for our planet. This qualification is a testament to our commitment to sustainability, responsible business practices and strong governance.”
SOURCE: PR Newswire