Tate & Lyle Earns Prime ESG Corporate Rating From ISS

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LONDON, UNITED KINGDOM, 5 October 2023: Tate & Lyle PLC (Tate & Lyle), a world leader in ingredient solutions for healthier food and beverages, is pleased to announce that Institutional Shareholder Services (ISS) has upgraded its Environmental, Social and Governance (ESG) rating1 for Tate & Lyle to ‘Prime’, putting the Company in the top decile of the Food Products sector. 

ESG ISS Prime Rating

"Tate & Lyle is a purpose-led company with a strong desire to make a positive impact on society” said Nick Hampton, Chief Executive Officer. “We are proud that our ESG performance and high level of transparency have earned us ISS’s Prime rating, underscoring our commitment to acting as a responsible business in everything we do."

ISS is one of the world’s leading rating agencies for corporate governance and sustainable investments. ISS ESG Corporate Ratings score companies based on an analysis of more than 100 sector-specific ESG factors. ‘Prime’ status is awarded to companies with an ESG performance above the sector-specific Prime threshold, which means that they fulfil ambitious absolute performance requirements. According to ISS, the Prime rating classification qualifies Tate & Lyle for responsible investment.

Tate & Lyle’s ESG programme includes establishing science-based targets for reducing greenhouse gas emissions, sustainable agriculture programmes for corn and stevia, and a commitment to achieve net zero by 2050. It also comprises policies for employees on areas such as equal parental leave and clear targets to measure progress on equity, diversity and inclusion, including achieving gender equality in its top 500 leadership and management roles by 2025. Tate & Lyle is committed to contributing to the United Nations Sustainable Development Goals (SDGs) and is a signatory of the UN Global Compact.

To learn more about ISS, visit: https://insights.issgovernance.com/

1 Prime rating calculated as of 20 July 2023

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About Tate & Lyle: 
Supported by our 160-year history of ingredient innovation, we partner with customers to provide consumers with healthier and tastier choices when they eat and drink. We are proud that millions of people around the world consume products containing our ingredients every day.

Through our expertise in sweetening, fortification, and texture, we develop ingredient solutions which reduce sugar, calories, and fat, add fibre and protein, and provide texture and stability in categories including beverages, dairy, bakery, snacks, soups, sauces, and dressings.

We have more than 3,300 employees working in around 58 locations in 39 countries, serving customers across 121 countries. Science, Solutions, Society is our brand promise and how we will achieve our purpose of Transforming Lives Through the Science of Food. By living our purpose we believe we can successfully grow our business and have a positive impact on society. We live our purpose in three ways, by supporting healthy living, building thriving communities and caring for our planet.

Tate & Lyle is listed on the London Stock Exchange under the symbol TATE.L. American Depositary Receipts trade under TATYY. In the year to 31 March 2024, Tate & Lyle revenue from continuing operations totalled £1.65 billion. For more information, please visit https://www.tateandlyle.com or follow Tate & Lyle on LinkedinX (Twitter)Facebook or YouTube

Protecting our planet and people through ingredient innovation - Digital Report front cover

Protecting our planet and people

We have partnered with Sustainability Magazine to launch an article series exploring the vital role that ingredient companies can play in supporting the development of more sustainable food and drink.

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