TCFD
TASK FORCE ON CLIMATE-RELATED FINANCIAL DISCLOSURES
More than a century of caring for our climate
Our founder, W.K. Kellogg, was an early philanthropist and conservationist. Because of his passions, Kellogg Company has long been committed to nurturing the planet and taking action to help lessen the impact of climate change. Kellogg believes that transparency and advocacy will help drive the change we need to protect our planet. That’s why we joined the Task Force on Climate-related Financial Disclosures (TCFD). We are leveraging our global scale and voice to drive climate action and nature-based solutions by addressing climate change issues across our supply chain.
Recognized for our ESG leadership
In 2022, Kellogg Company earned numerous recognitions, establishing its leadership in sustainability.
- Kellogg was again named to the Dow Jones Sustainability Index, ranking in the top 7% of 213 companies that participated.
- Kellogg also ranked second in the Access to Nutrition Initiative 2022 U.S. Access to Nutrition Index, a benchmark that compares the commitments and performance of the 11 largest food manufacturers active in the U.S. to deliver healthy, affordable food and beverages, enabling consumers to reach healthier diets and to prevent hunger.
- For six consecutive years, we have earned Giga-Guru status with Walmart, placing first or second in every category we report in.
These prestigious global benchmarks recognize best-in-class corporations for sustainable business practices. We disclose our climate-related data to CDP annually, and report against the Sustainability Accounting Standards Board (SASB) and Global Reporting Initiative (GRI) frameworks. We’re also the first global food company to launch a Sustainability Bond, leveraging the power of the public market to drive global sustainability initiatives.
A science-based approach to climate solutions
Kellogg was one of the first companies to set science-based targets in 2015. Since then, we’ve also joined the global corporate renewable energy initiative RE100, committing to use 100% renewable electricity sources in our global Kellogg manufacturing facilities by 2050, and joined important climate coalitions like We’re Still In to encourage high-level action on climate.
Kellogg is mitigating climate risk across our value chain with innovative solutions like Kellogg’s InGrained™, launched in 2022, this program helps rice farmers reduce climate impacts. This program provides financial and technical assistance to help rice farmers transition to more sustainable growing practices. Pilot year results were positive, achieving a reduction of more than 1,600 metric tons of greenhouse gases1 – the equivalent of taking more than 345 gasoline-powered cars of the road for one year.2
Our Environmental, Social and Governance (ESG) commitments
A day where people are fed and fulfilled. A day where our planet thrives. A day where there is a seat at the table for everyone.
Kellogg’s Better Days® Promise ESG strategy is our promise to advance sustainable and equitable access to food by addressing the intersection of wellbeing, hunger, sustainability and equity, diversity and inclusion (ED&I). In doing so, we’ll create better days for 3 billion people by the end of 2030.
Toward this aim, our sustainability goals include:
- Reduce absolute Scope 1 & 2 greenhouse gas (GHG) emissions by 45% by the end of 2030.
- Partner across our value chain to reduce absolute Scope 3 GHG emissions by 15% by the end of 2030.
- Progress towards 100% renewable electricity in global Kellogg manufacturing facilities by the end of 2050.
- Reduce water use in global Kellogg manufacturing facilities in high water stress regions by 30% by the end of 2030.
- Reduce food waste across our global Kellogg-owned manufacturing facilities by 50% by the end of 2030.
- Support farmers and agronomists globally, including women and smallholders.
- Build resilient and responsible supply chains for our priority ingredients.
- Work towards 100% reusable, recyclable or compostable packaging (by volume).
Strong governance overseeing our efforts
At Kellogg, we believe all employees play an important role in achieving our climate commitments. Additionally, numerous leaders are accountable for achieving specific commitments, based on their roles.
Our Climate Milestones
For more information, see our Climate Action commitments and progress.
Task Force on Climate-Related Financial Disclosures (TCFD) Index
| Core Element | Recommended Disclosures | Reference |
|---|---|---|
| Governance Disclose the company's governance around climate-related risks and opportunities. |
Describe the Board’s oversight of climate-related risks and opportunities. |
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| Describe management’s role in assessing and managing climate-related risks and opportunities. |
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| Strategy Disclose the actual and potential impact of climate-related risks and opportunities on the company's businesses, strategy and financial planning, where such information is material. |
Describe the climate-related risks and opportunities the company has identified over the short, medium and long-term. |
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| Describe the resilience of the company’s strategy, taking into consideration different climate-related scenarios, including a 2˚ or lower scenario. |
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| Risk Management Disclose how the company identifies, assesses, and manages climate-related risks. |
Describe the company’s processes for identifying and assessing climate-related risks. |
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| Describe the company’s processes for managing climate-related risks. |
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| Describe how processes for identifying, assessing and managing climate-related risks are integrated into the company’s overall risk management. |
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| Metrics and Targets Disclose the metrics and targets used to assess and manage relevant climate-related risks and opportunities, where such information is material. |
Disclose the metrics used by the company to assess climate-related risks and opportunities in line with its strategy and risk-management process. |
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| Disclose Scope 1, Scope 2 and, if appropriate, Scope 3 greenhouse gas (GHG) emissions, and the related risks. | ||
| Describe the targets used by the company to manage climate-related risks and opportunities and performance against targets. |
Note: Our commitments and our progress against our ESG commitments exclude our consolidated and unconsolidated joint ventures in West Africa and China.
1 Measured in metric tonnes of carbon dioxide equivalent (CO2e) through increased carbon sequestration and abatement of GHGs including methane (CH4) and nitrous oxide (N2O)
2 Greenhouse Gas Equivalencies Calculator | US EPA
View/download 2022/2023 Task Force on Climate-Related Financial Disclosures (TCFD) Index