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SUSTAINABILITY REPORT

Stakeholder engagement is an important part of Tyson Foods’ sustainability activities and our overall business success. Every facet of our company and its operations has potential to affect, or be affected by, stakeholders. We recognize internal and external stakeholder engagement can help better define our business strategy; sharpen our decision-making; and enhance our company’s economic, environmental, and social performance. Accordingly, we:

  1. seek to understand the perspectives and needs of our stakeholders,
  2. set expectations for areas of mutual concern,
  3. act upon these expectations, and
  4. ensure our stakeholders remain informed of our progress.

We have identified the following individuals and groups as our key stakeholders:

  • Team Members and prospective Team Members
  • Shareholders and potential investors
  • The Board of Directors
  • Customers and consumers
  • Local, state, and federal government agencies
  • Nongovernmental organizations
  • Local community members and leaders
  • The media
  • Suppliers, independent producers, and other business partners
  • Wholly-owned subsidiaries and joint ventures
  • Multicultural organizations, academia, and industry associations

Stakeholder engagement activities occur in virtually every aspect of Tyson Foods’ operations and business transactions. Selection and engagement with stakeholders is conducted primarily in a decentralized manner, occurring as a part of normal business. For example, account management teams are responsible for identifying and engaging with customers, and members of our External Affairs department interact with elected officials, the media, community leaders, and other members of the public.

Tyson Foods engages with its stakeholders in formal settings as well. At the local level, for example, facility managers participate in stakeholder engagement through strategic community involvement plans, donations, community outreach, and regional recruiting programs. At the corporate level, Tyson Foods collaborates with representatives from government, academia, and industry to discuss emerging issues such as product life-cycle analysis and sustainability reporting.

Below we offer additional examples of our stakeholder engagement process, including key stakeholder topics and concerns and how we respond to those concerns.

Stakeholder Group Stakeholder Concerns How We Engage and Respond
Team Members
  • Fair treatment and human rights
  • Inclusion and engagement
  • Safe workplace
  • Competitive pay and benefits
  • Professional development
  • Regular communication
  • Environmental protection and resource conservation
  • Core Values, Code of Conduct, Team Member Bill of Rights, Ethics HelpLine
  • Business resource groups
  • Safety policies, procedures, training, and goals
  • Wage reviews and benefit program enhancements
  • Educational Assistance Program and Tyson Foods’ Leadership College
  • Formalized internal communication activities
  • Environmental policies, procedures, and training
Shareholders and Potential Investors
  • Competitive returns
  • Management accountability
  • Regulatory compliance
  • Sound governance and ethical business practices
  • Proactive management of business risks
  • Annual financial reports and shareholders meeting
  • Executive outreach, webcasts, and conference calls
  • Code of Conduct and Board Committees
  • Global anti-corruption policy, gift and hospitality policy, and a charitable and political contribution policy
  • Investor Relations website
  • Regular compliance risk assessments
Customers and Consumers
  • Safe, quality food products
  • Nutritious options
  • Competitive and affordable prices
  • Innovative products that meet needs
  • Product information
  • Animal well-being
  • Food safety programs and procedures
  • State-of-the-art research and development facility with Consumer Sensory Panels and Consumer Focus Group Learning Center
  • Commitment to proactively managing product input costs
  • Day-to-day contact with account management teams
  • Customer and consumer response centers
  • Tyson.com recipe section, cooking instructions, nutritional information, product locators, and more
  • Office of Animal Well-Being and FarmCheck™ Program
Government and Regulatory Agencies
  • Regulatory compliance
  • Transparent reporting
  • Collaboration in research and policy development
  • Program participation and partnerships
  • Management systems, policies, and procedures across all aspects of the company’s operations
  • Annual financial reports, annual sustainability reports, timely submission of required reports
  • External affairs staff
  • Executive outreach
  • Industry associations and partnerships
Suppliers
  • Timely payment
  • Fair selection and business practices
  • Opportunities for business growth
  • Understanding of Tyson Foods’ expectations
Local Communities
  • Economic development
  • Involvement and support of local initiatives
  • Protection of the environment
  • Employment opportunities
  • Volunteerism
  • Strategic community involvement plans
  • Donations, community outreach, and disaster relief
  • Tyson Project A+
  • Environmental management systems
  • Regional recruiting program
  • Partnerships and sponsorships
  • KNOW Hunger Campaign

Tyson Foods’ stakeholder group is diverse and includes those with both minimal and extensive knowledge of our processes, company, and overall industry. Given the size, nature, and complexity of our company, however, we recognize this report may not comprehensively meet the information needs of all our stakeholders. Stakeholders needing additional information are encouraged to visit the Tyson Foods website or email the Sustainability group at Tyson Foods.

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