CDP Awards Farmer Brothers Position on 2017 Climate A List
Northlake, TX, October 24, 2017 (Newswire.com) - Farmer Bros. Co. (NASDAQ: FARM) (“Farmer Brothers” or the “Company”), a national coffee roaster, wholesaler and distributor of coffee, tea and culinary products, announced today that it has been identified as a global leader in the corporate response to climate change and has been awarded a position on this year’s Climate A List by CDP, the non-profit global environmental disclosure platform.
Farmer Brothers is among 5% of companies participating in CDP’s climate change program to be featured on the 2017 Climate A List. This is in recognition of its actions in the last reporting year to cut emissions, mitigate climate risks and develop the low-carbon economy.
“Sustainability has been a critical part of our business strategy for some time, and we have expanded our sustainability efforts every year,” commented Molly Laverty, Director of Sustainability for Farmer Brothers. “Achieving this level of recognition is gratifying and it reinforces the efforts we employ every day throughout our supply chain to address climate change.”
CDP’s Executive Chair Paul Dickinson said: “Congratulations to all the companies that made it onto the Climate A List this year. It’s inspiring to see so many taking bold action to mitigate the risks of climate change and grasp the opportunities that come with the transition to a sustainable economy. As we approach a tipping point on environmental action, business is absolutely central to making that transition happen.”
The 2017 Climate A List is comprised of 106 global companies, and is published alongside similar lists for corporate leadership on water and forests. Thousands of companies submit annual climate disclosures to CDP for independent assessment against its scoring methodology. The list and full company scores are available on CDP’s website: https://www.cdp.net/en/scores-2017.
As part of its sustainability program, Farmer Brothers tracks and reports on its sustainability efforts annually. The 2016 report is available on Farmer Brothers’ website: http://www.farmerbros.com/2016-Sustainability-Report.pdf.
About Farmer Bros. Co.
Founded in 1912, Farmer Bros. Co. is a national coffee roaster, wholesaler and distributor of coffee, tea and culinary products. The Company's product lines include organic, Direct Trade and sustainably produced coffee. With a robust line of coffee, hot and iced teas, cappuccino mixes, spices, and baking/biscuit mixes, the Company delivers extensive beverage planning services and culinary products to its U.S. based customers. The Company serves a wide variety of customers, from small independent restaurants and foodservice operators to large institutional buyers like restaurant and convenience store chains, hotels, casinos, hospitals, and gourmet coffee houses, as well as grocery chains with private brand coffee and consumer-facing branded coffee and tea products.
Headquartered in Northlake, Texas, Farmer Bros. Co. generated net sales of over $500 million in fiscal 2016 and has approximately 1,600 employees nationwide. The Company's primary brands include Farmer Brothers®, Artisan Collection by Farmer Brothers™, Superior®, Metropolitan™, Cain's™, McGarvey®, Boyds® and China Mist®.
CDP is an international non-profit that drives companies and governments to reduce their greenhouse gas emissions, safeguard water resources and protect forests. Voted number one climate research provider by investors and working with institutional investors with assets of US$100 trillion, we leverage investor and buyer power to motivate companies to disclose and manage their environmental impacts. Over 6,300 companies with some 55% of global market capitalization disclosed environmental data through CDP in 2017. This is in addition to the over 500 cities and 100 states and regions who disclosed, making CDP’s platform one of the richest sources of information globally on how companies and governments are driving environmental change. CDP, formerly Carbon Disclosure Project, is a founding member of the We Mean Business Coalition. Please visit www.cdp.net or follow us @CDP to find out more.
Ladd Biro - Champion Management
Source: Farmer Brothers