Doing Right By Our Stakeholders
Sustainability is one of the key strategic pillars for Del Monte Foods. Here’s how our leaders ensure accountability and keep our company running responsibly.
ESG Oversight
Ethics
As an industry leader, we know what it takes to earn the trust of our team members, consumers, customers and suppliers. It shows in the way we conduct our business. We hold team members and suppliers up to the highest ethical standards, not only to ensure we’re running an honest business, but to make a positive impact on society, as well.
Team Member Code of Conduct
Our Team Member Code of Conduct sets standards for the ethical and honest business practices we expect of our team members, including guidelines around health and safety, compliance, benefits and more.
Anti-Corruption Policy
Our Anti-Corruption Policy ensures that the risks of corruption are mitigated and that accounting controls are in place to identify and alert management of any unusual activity warranting follow-up. These risks include, but are not limited to, bribery or the making of improper payments to improperly influence, directly or indirectly, any foreign government employees, employees of government-controlled businesses, political parties or candidates.
Whistleblower Policy
We provide all team members access to a free, anonymous whistleblower hotline that can be accessed by phone or online 24/7.
Materiality
In 2024, Del Monte Foods refined our approach to prioritizing material ESG topics by embracing double materiality principles.
This process involved identifying key ESG topics and their Impacts, Risks, and Opportunities (IROs) through a comprehensive review of our previous materiality assessments, enterprise risk management, peer benchmarking, and the integration of GRI and SASB Sector Standards. Each topic was defined per GRI guidelines, with IROs assessed across the value chain, considering their nature, contributing activities, and mitigation strategies. Through this approach, we identified the following material topics:
Economic resilience
- Economic performance
Environmental integrity
- Climate adaptation and resilience
- Emissions
- Energy
- Materials
- Waste
- Water and effluents
Social responsibility
- Labor relations management
- Marketing and labeling
- Occupational health and safety
- Product safety & quality
Stakeholder engagement was pivotal to this process, ensuring that insights directly influenced ESG topic prioritization and our strategic objectives. We gathered feedback from diverse stakeholder groups to rate IROs by severity and likelihood over short, medium, and long-term horizons, aligning with our financial planning as well as GRI and ISSB guidance. Gaps identified in the stakeholder engagement plan were addressed through research, and results were validated by executive leadership.
Leveraging this assessment, Del Monte Foods is crafting action plans for priority IROs to bolster risk mitigation, seize opportunities, and enhance our ESG reporting and strategy. These insights will help us fortify resilience and guide our long-term sustainability efforts.