Tate & Lyle sets out its purpose in new publication

| Filed in:

London, UK, 17 December 2020 – Tate & Lyle PLC (Tate & Lyle), a leading global provider of food and beverage ingredients and solutions, has today underlined its commitment to its purpose of Improving Lives for Generations with the publication of a new booklet entitled ‘Improving Lives for Generations: Introducing our Purpose.’

Improving Lives for Generations - introducing our purpose

The interactive booklet, available in electronic format on Tate & Lyle’s website, describes Tate & Lyle’s purpose, what it means to its employees and how it’s being lived across the organisation every day. It also includes the ambitious purpose commitments and targets for the next 10 years announced in May 2020.

Nick Hampton, Chief Executive, said: “It has never been more important for businesses to be clear not just about what they do, but why they do it. Tate & Lyle’s purpose of Improving Lives for Generations has been the foundation of our company for more than 160 years and is as strong in our business today as it has ever been. We are a truly purpose-driven company and I am proud of how my colleagues strive to live our purpose in everything they do.”

As explained in the booklet, Tate & Lyle’s purpose of Improving Lives for Generations is lived through three pillars – Supporting Healthy Living, Building Thriving Communities and Caring for our Planet. Commitments and targets for each pillar over the next 10 years include: helping to improve the lives of over 250,000 people by 2025 by supporting programmes that promote healthier lifestyles and activities; providing over 3 million nutritious meals for people in need by 2025; and delivering a 30% absolute reduction in Scope 1 and 2 greenhouse gas emissions by 2030. Tate & Lyle’s Scope 1, 2 and 3 greenhouse gas emissions reduction targets for 2030 are approved as science-based by the Science Based Targets initiative, meaning they are in line with the goals of the Paris Agreement on Climate Change.

Tate & Lyle will report on the first year of progress against its purpose commitments and targets in 2021.

‘Improving Lives for Generations: Introducing our Purpose’ is available to download here.

End

For more information please contact:

Carolyn Tyler, Global Communications Manager
Tel: +44 (0) 7584 774 808
[email protected]

Download our purpose booklet

About Tate & Lyle: 
Tate & Lyle PLC is a leading global provider of food and beverage ingredients and solutions. 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, mouthfeel and fibre fortification, our Food & Beverage Solutions business develops solutions which reduce sugar, calories and fat, add fibre, and provide texture and stability in categories including beverages, dairy, bakery, soups, sauces and dressings. Our Primary Products business produces nutritive sweeteners, industrial starches used in paper and packaging, acidulants and products used for animal nutrition.

We have around 4,200 employees working in more than 60 locations across 30 countries. Tate & Lyle’s purpose is Improving Lives for Generations and through 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 2020, Tate & Lyle sales totalled £2.9 billion. For more information, please visit http://www.tateandlyle.com or follow Tate & Lyle on TwitterLinkedin or Facebook.