Our purpose - Improving Lives for Generations - is why we do what we do.
This year we set new commitments and targets to show how we live our purpose. These include:
By 2025, we’ll have helped improve the lives of over 250,000 people by supporting programmes that promote healthier lifestyles and activities.
By 2025, we’ll have provided over 3 million nutritious meals for people in need.
By 2030, we’ll have delivered a 30% absolute reduction in scope 1 and 2 CO2e emissions, and a 15% reduction in scope 3 emissions. They will be science-based targets, meaning they support the goals of the Paris Agreement on Climate Change.
Highlights from our strategic report
We've accelerated innovation and launched 11 new products in the last year alone. And we've simplified the organisation, achieving savings of US$87m in the first two years of our productivity programme.
These trends present opportunities and risks for Tate & Lyle as we pursue our aim not just to feed people, but to feed them well.
In our Primary Products division, we are seeking to optimise the product and category mix, drive efficiency and diversify into new and growing markets.
Andrew Taylor, President of Innovation and Commercial Development, explains how we put our innovative expertise to work for our customers.
This includes both short-term risks to our business and longer-term challenges facing the world, such as climate change.
1 Adjusted results and a number of other terms and performance measures used in this Annual Report are not directly defined within accounting standards. For clarity, we have provided descriptions of the various metrics and their reconciliations to the most directly comparable measures reported in accordance with IFRS, and the calculations, where relevant, of any ratios in Notes 1 and 4.