A Welcome Responsibility
At Flowers Foods, we recognize our responsibility to uphold the company’s founding values, which for more than 100 years have centered on working ethically, responsibly, and with integrity. We actively seek opportunities to make a positive difference for our environment, team, consumers, and the communities we serve.
In 2022, Flowers undertook our inaugural materiality assessment to identify and prioritize material Corporate Responsibility topics. This process entailed a comprehensive review of a variety of topics that impact the company and its stakeholders. Through a series of surveys and interviews, we solicited feedback from key stakeholders, including employees, customers, and investors.
We also reevaluated and updated our existing environmental sustainability goals to build upon our successes and further challenge ourselves in areas where we expect to make additional progress.
The values we have held dear for more than 100 years are the foundation for all that we do.
- HONESTY & INTEGRITY | Always doing what’s right and maintaining high standards of ethical conduct
- RESPECT & INCLUSION | Creating an inclusive, diverse, and respectful culture
- SUSTAINABILITY | Building a sustainable future for our team, our company, and our communities
- PASSION | Achieving our goals with energy and enthusiasm
- HUMILITY | Striving to serve and learn from others as we pursue common goals
Corporate Responsibility Governance
In 2022, our board of directors implemented a new ESG oversight structure. Under this structure, the board of directors retains ultimate oversight of the company’s ESG and Corporate Responsibility-related risks and priorities and delegates to the committees oversight of various ESG-related topics, as reflected in the committee charters.
In connection with our strong founding values, management – at the direction and subject to the oversight of our board of directors and its committees – oversees the prioritization of ESG topics that impact our business and stakeholders and the focus of our Corporate Responsibility strategy and reporting. Recently, we formalized our ESG governance framework to include an ESG Executive Committee and ESG Steering Committee as illustrated below.
We believe that good corporate governance is essential to ensure that the company is effectively managed for the long-term benefit of our shareholders. We routinely review our corporate governance policies and practices in light of the legal and regulatory environment, the policies and practices of other publicly-held companies, and input from investors, governance advisors, and other stakeholders. Learn more about the governance structure that oversees our efforts.
The result of our inaugural materiality assessment is a list of 19 topics compiled in the hierarchy below, which we use to inform strategic initiatives, long-range planning, and risk management processes, as well as to drive our Corporate Responsibility program by ensuring we are reporting on the most relevant topics and guiding future areas of focus.