Responsible Sourcing - Palm Oil Policy

Overview

Here at Greggs, we believe in doing business in a way that has a 'positive impact on people's lives' and this is integrated into our business strategy at all levels.

Our values, commit us to being enthusiastic, open, honest and treating people with consideration and respect and we live these through all of our people and operations.

As part of this, we want to make our key principles, across a number of areas, clear and accessible to all so everyone can appreciate what we stand for.

Palm Oil is versatile and is considered the most land-use efficient among vegetable oils however its production has long been linked to deforestation, which in turn contributes to water pollution, biodiversity loss, soil erosion and climate change.

As a responsible retailer we are committed to the sustainable sourcing of our products. We are a member of the Roundtable on Sustainable Palm Oil (RSPO), a multi-stakeholder group that set the global standard for sustainable palm oil.

The RSPO has developed a set of environmental and social criteria which companies must comply with in order to produce Certified Sustainable Palm Oil (CSPO). When they are properly applied, these criteria can help to minimize the negative impact of palm oil cultivation on the environment and communities in palm oil-producing regions. RSPO vision is to transform markets to make sustainable palm oil the norm.

Scope

This policy applies to all purchases of "ingredients" that contain Palm Oil as a declared component. This excludes "additives" and "processing aids" made with Palm Oil.

Key Principles

  • All ingredients that contain Palm Oil as a component must be RSPO certified.
  • All direct purchases of boxed or liquid fats purchased post Jan 2021 must be classified as "segregated" within the RSPO scheme*.

TITLE: Responsible Sourcing - Palm Oil Policy

Issue No. 2

Dated: 25/01/2021

Cancels Issue No. 1

Dated: 12/08/2020

Page 1 of 2

*SEGREGATED Palm oil: Sustainable palm oil from different certified sources is kept separate from ordinary palm oil throughout supply chain. This way Greggs can ensure that all the Palm Oil it Purchases comes from certified sustainable sources.

Governance

These principles are included within all of our relevant internal processes.

We will review the principles and adherence to them on an annual basis.

Signatory

Signature:

Name: Malcolm Copland

Title: Commercial Director

Date:

TITLE: Responsible Sourcing - Palm Oil Policy

Issue No. 2

Dated: 25/01/2021

Cancels Issue No. 1

Dated: 12/08/2020

Page 2 of 2

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Greggs plc published this content on 25 January 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 January 2021 15:43:06 UTC