GlobeNewswire Inc | Nov 22, 2021 08:00AM EST

November 22, 2021

HOUSTON, Nov. 22, 2021 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE: SYY), the leading global foodservice distribution company, announced today it has set an ambitious, industry-leading climate goal to reduce emissions across its global operations and the companys entire value chain.

Syscos new science-based emissions reduction target aligns with the Paris Agreement and is an integral part of the companys roadmap to reducing its carbon footprint over the next decade. The company is pursuing validation of the goal by the Science-Based Targets initiative and aims to:

-- Reduce its Scope 1 and 2 emissions by 27.5% by 2030, and -- Ensure that suppliers covering 67% of Syscos Scope 3 emissions establish science-based targets by 2026.

Syscos Scope 1 and 2 reduction efforts will be achieved in part by electrifying 35% of the companys U.S. tractor fleet by 2030, equivalent to adding nearly 2,500 electric trucks to its fleet. In addition, the company will source 100% renewable electricity for its global operations by 2030.

Partnering with suppliers will be an essential element to achieving the companys bold 2026 Scope 3 target as they represent the largest emissions reduction opportunities. The company will leverage existing momentum, as nearly half of the targeted Scope 3 emissions relate to suppliers that have already committed to or set science-based targets.

At Sysco, we recognize and take seriously our role as a global industry leader. We understand that taking action now on climate change is important to the future of our planet and have developed an actionable, achievable plan with a clear roadmap to meaningfully reduce emissions. Over time, we believe we will be able to do more and are motivated to further our work across the value chain to quicken the pace of innovation and provide a pathway for other companies to participate in climate action, said Neil Russell, Syscos Senior Vice President of Corporate Affairs and Chief Communications Officer, To ensure we hold our selves accountable, our CSR strategy is now an integral part of our new business strategy, our Recipe for Growth, which is designed to advance our pace of leadership, further differentiate Sysco, create a sustainable competitive advantage and make a positive impact on the world.

More information about the new climate goal can be found in Syscos 2021 Corporate Social Responsibility (CSR) Report, which documents the companys continued progress toward its 2025 CSR goals and fulfilling its purpose of connecting the world to share food and care for one another. The report highlights Syscos achievements in caring for people, sourcing products responsibly and protecting the planet. Highlights of the report include:

-- Donating over 27 million meals globally in FY2021, and over 50 million since the beginning of the pandemic, to help address hunger and food insecurity. -- Announcing its Global Good Goal, which expands Syscos charitable giving efforts to generate $500 million worth of good by 2025. -- Achieving the companys sustainable seafood goals and expanding its future commitments to drive higher standards in the industry. -- Partnering to launch a sustainable grazing initiative for over 1 million acres to help tackle climate change and promote biodiversity. -- Expanded the companys Sustainable Agriculture Program to ten fresh crops, exceeding its goal of expanding to five fresh crops. -- Successfully eliminating, in Syscos Brakes UK location, the use of all black plastics throughout its product categories and reduced food waste 25 percent by redirecting food to nearby charities.

Users can access SASB and GRI indices on sysco.com. For more information and to view the 2021 CSR report, visit www.sysco.com/csr2021report.

About SyscoSysco is the global leader in selling, marketing and distributing food products to restaurants, healthcare and educational facilities, lodging establishments and other customers who prepare meals away from home. Its family of products also includes equipment and supplies for the foodservice and hospitality industries. With more than 58,000 associates, the company operates 343 distribution facilities worldwide and serves more than 650,000 customer locations. For fiscal 2021 that endedJuly 3, 2021, the company generated sales of more than$51 billion.Information about our CSR program, including Syscos 2021 Corporate Social Responsibility Report, can be found atwww.sysco.com/csr2021report.

For more information, visitwww.sysco.comor connect with Sysco on Facebook atwww.facebook.com/SyscoFoods. For important news and information regarding Sysco, visit the Investor Relations section of the companys Internet home page atinvestors.sysco.com, which Sysco plans to use as a primary channel for publishing key information to its investors, some of which may contain material and previously non-public information. In addition, investors should continue to review our news releases and filings with theSEC. It is possible that the information we disclose through any of these channels of distribution could be deemed to be material information.

For more information contact: Kevin Kim Shannon MutschlerInvestor Contact Media Contactkevin.kim@sysco.com shannon.mutschler@sysco.comT 281-584-1219 T 281-584-4059