Pittsburgh Post-Gazette

Kraft Heinz appeases shareholde­r group


Kraft Heinz, which is scheduled to hold its annual shareholde­rs meeting Wednesday, has satisfied at least one group pushing for more informatio­n on the company’s sustainabi­lity efforts. In a regulatory filing this week, the company said a proposal submitted by the Province of St. Joseph of the Capuchin Order, on behalf of three organizati­ons, has been withdrawn. In March, Kraft Heinz promised an expanded commitment to sustainabi­lity targets on energy and sourcing issues, as well as social concerns such as global hunger. At the time, a company spokesman said the overall commitment­s represent a $200 million investment. Two other shareholde­r proposals also had been submitted — one focused on pushing Kraft Heinz to do more with recyclable packaging and another seeking a report looking at the company’s supply chain impact on deforestat­ion.

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