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CORPORATE RESPONSIBILITY
STRATEGY & GOVERNANCE

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The Campbell Value Chain:
From Farm to Table

Areas of impact and examples of environmental and social initiatives as viewed through the product lifecycle

Taking a Fresh Approach

Running a responsible food business begins at the farm and ends at the table, but every detail in between matters to us. We must leverage our Purpose at all points along our value chain — making Real food that matters for life’s moments the filter for all of our decision making. Our key strategies set forth in FY2015 included plans to drive deeper transparency into how our foods and beverages are made in an effort to build greater consumer trust and to increase our focus on health, well-being, fresh and better-for-you products.

Consumers demand greater transparency, which supports both a resilient supply chain and resilient healthy communities where we live and work. Our consumers trust us to govern ourselves in a way that will reliably bring our products to their table for their own moments that matter — in a way that is not simply conscious of profit, but also of our impact on the planet and people.

For this reason, we put corporate responsibility (CR) and sustainability at the heart of our Purpose and core business strategies. At Campbell, we define CR and sustainability as advancing global nutrition and wellness; helping build a more sustainable environment; and honoring our role in society, from the farm to the family.

To ensure that we held ourselves accountable to our Purpose, in FY2015 we conducted our annual formal strategic planning process. The practice allows us to take a step back each year and reassess and refine our core strategies, including CR, sustainability and community affairs. This process, coupled with stakeholder engagement and a broad assessment of key external drivers in the marketplace, helps to inform business-wide and individual performance goals for the coming year.

Our strategic plan for CR and sustainability rests on four key pillars:

  • Environmental stewardship;
  • Engaging with our customers and consumers;
  • Community impact; and
  • Building a high-performance workplace.

Corporate Governance

Our Corporate Governance Standards guide us in our continued commitment to responsible corporate citizenship. We aim to hold ourselves to the highest benchmarks of accountability and transparency, starting with our Board of Directors. To learn more about our Board of Directors, including diversity, nomination and election procedures, responsibilities and risk management processes, visit our 2015 Proxy Statement.

Setting the Bar High for CR Governance

Our formalized governance structure helps us to successfully integrate CR and sustainability into our everyday operations. This structure begins with the support of our CEO and oversight by our Board of Directors, and flows down into the culture of Campbell’s workforce leadership and management.

With nearly eight years of a formalized CR and sustainability program under our belt, we continue to make strides in the way we manage and oversee CR-related decisions and strategies across the enterprise. Our Vice President of Corporate Responsibility and Sustainability, Dave Stangis, is responsible for leading our global CR and sustainability strategies. Dave reports to President and CEO Denise Morrison. Annual updates on CR and sustainability are also provided to the Audit Committee of the Board of Directors.

Recently, we improved our sustainability governance structure by redesigning our Sustainability Leadership Team and moving to a Sustainability Leadership Network with oversight from a Sustainability Steering Committee. The Network is a cross-functional team consisting of leaders in sustainable agriculture, environmental engineering, packaging, procurement and supply chain.

The Network is responsible for developing short- and long-term goals, strengthening metrics and providing quarterly updates to the Steering Committee. The Steering Committee is composed of senior leaders from each of our operating divisions as well as from global engineering, corporate responsibility, global procurement, research and development and supply chain.

At the end of the day, however, it is the many Campbell employees who work day in and day out to bring our CR and sustainability strategy to life, through formal job assignments as well as participation in our plant facility green teams, employee-led Sustainability Network and various volunteer initiatives.