Smithfield Foods announced that it is issuing its first-ever Integrated Report that provides shareholders, customers, consumers and other stakeholders with a complete review of both the company's financial and sustainability results for fiscal year 2012 in one publication.
The 2012 Integrated Report, which combines Smithfield's Annual Report and Corporate Social Responsibility (CSR) Report, is initially being sent to the company's shareholders and employees this week. Online and print copies of the new report also are available by visiting www.smithfieldfoods.com and www.smithfieldcommitments.com.
Since 2004, the company has saved an estimated $285.6 million in operating costs through environmental improvement awards projects that cost $57.5 million to implement.
Additional employee training has greatly reduced the number of worker injuries over the years; these programs reduced workers' compensation costs by an estimated 25% between April 2010 and April 2012.
All of Smithfield's Independent Operating Companies (IOCs) sponsored one or more employee wellness programs.
Several recent packaging reduction initiatives across all Smithfield IOCs yielded savings of US$2.75 million.
Smithfield donated 6.9 million servings of food in the US in fiscal 2012.
About Smithfield Foods
Smithfield Foods is a US$13 billion global food company and the world's largest pork processor and hog producer. In the United States, the company is also the leader in numerous packaged meats categories with popular brands including Smithfield, Eckrich, Farmland, Armour, Cook's, Gwaltney, John Morrell, Kretschmar, Curly's, Carando, Margherita, and Healthy Ones. Smithfield Foods is committed to providing good food in a responsible way and maintains robust animal care, community involvement, employee safety, environmental, and food safety and quality programs. For more information, visit www.smithfieldfoods.com and www.smithfieldcommitments.com.
The report can be downloaded here at Smithfield Report