In addition to achieving its commitment to source 100 percent mass balanced RSPO (Roundtable on Sustainable Palm Oil) certified palm oil more than a year ahead of its original 2015 commitment, The Hershey Company (NYSE:HSY) announced today it will also work with its suppliers to achieve 100 percent traceable and sustainably sourced palm oil by the end of 2014.
- Do not contribute to deforestation or the destruction of wildlife habitat
- Do not clear high carbon stock forests
- Do not contribute to peat land expansion
- Operate in compliance with local laws and regulations
In November, Hershey’s palm oil sourcing efforts were recognized in the World Wildlife Fund’s 2013 Palm Oil Buyers Scorecard, where Hershey scored 10 out of a possible 12 points with 12 being the highest score.About The Hershey Company The Hershey Company (NYSE: HSY) is the largest producer of quality chocolate in North America and a global leader in chocolate and sugar confectionery. Headquartered in Hershey, Pa., The Hershey Company has operations throughout the world and approximately 14,000 employees. With revenues of more than $6.6 billion, Hershey offers confectionery products under more than 80 brand names, including such iconic brands as Hershey's, Reese's, Hershey's Kisses, Hershey's Bliss, Hershey's Special Dark, Kit Kat, Twizzlers, Jolly Rancher and Ice Breakers. The company is focused on growing its presence in key international markets such as China, Mexico and Brazil while continuing to build its competitive advantage in the United States and Canada. For more than 100 years, The Hershey Company has been a leader in making a positive difference in the communities where its employees live, work and do business. Corporate Social Responsibility is an integral part of the company’s global business strategy, which includes goals and priorities focused on fair and ethical business dealings, environmental stewardship, fostering a desirable workplace for employees, and positively impacting society and local communities. Milton Hershey School, established in 1909 by the company's founder and funded by a trust administered by Hershey Trust Company, provides a quality education, housing, and medical care at no cost to children in social and financial need. Students of Milton Hershey School are direct beneficiaries of The Hershey Company's success.