Premier Foods has launched its new “Enriching Life Plan” which is set to see the company overhaul its corporate model and product portfolio.
Its new strategy will introduce a series of short, medium and long-term goals for the planet, its products and its people.
The scheme has been developed in partnership with NGOs, stakeholders, policymakers and suppliers.
The distributor claims that the resulting plan “directly contributes” to 10 of the United Nation’s 17 Sustainable Development Goals.
The company confirmed that it aims to more than triple plant-based sales to £250 million each year by 2030.
Its new range of meat-free Batchelors meal pots, scheduled for launch across the UK by the end of 2021, will introduce a variety of plant-based food alternatives including bacon replacement “facon.”
The business will also work to double its sales for products which meet high nutritional standards.
Concerning its climate initiatives, the manufacturer said that it aims to reach net zero carbon emissions by 2040, and has joined the Business Ambition for 1.5 degrees Celsius.
It will reduce its scope one and two emissions by 42 per cent by 2030 in line with its efforts to hit its target.
The company’s goals for its “people” pillar of the plan will include 1000 volunteering days each year, alongside one million meals donated to food insecure communities.
It is also set to introduce a dedicated STEM talent development programme and expand its on-the-job training and apprenticeship schemes.
“Our new ESG strategy, the Enriching Life Plan, sets out how we intend to create more nutritious, sustainable food for our consumers,” Premier Foods chief executive Alex Whitehouse said.
“[It] builds on our progress …. and is the culmination of much collaboration with NGOs, customers, suppliers, policy makers and colleagues in building a plan which is unique to Premier Foods and focused on the areas where we can be most impactful.”
WRAP head of climate action strategy Karen Fisher added: “Premier Foods’ Enriching Life Plan shows the importance of taking a business-wide and long-term approach to ensure we produce healthy foods in a sustainable way for a healthier planet.”