Company Declares New Sustainability Goals

CAMDEN, N.J.–(BUSINESS WIRE)–Feb. 28, 2018–
Campbell Soup Company (NYSE:CPB) today released its 10^th
Corporate Responsibility report, detailing the company’s fiscal year
2017 achievements and outlining new sustainability goals and strategies
that further integrate accountability and transparency across the
Campbell business.

“As a purpose-driven company committed to making real food accessible to
more people, our sustainability strategy is focused on four areas – how
Campbell’s food is grown, sourced, produced and shared,” said Dave
Stangis, Vice President, Corporate Responsibility and Chief
Sustainability Officer. “Our new areas of focus allow Campbell to
leverage existing capabilities while exploring additional opportunities
to accelerate our impact and drive value for Campbell’s stakeholders.”

New Sustainability Goals

1. Operations

• Reduce absolute greenhouse gas emissions in Campbell’s operations by
  25 percent by fiscal 2025;
• Reduce water use by 20 percent by fiscal 2025;
• Reduce waste to landfills by 25 percent by fiscal 2025; and,
• Cut food waste in half by fiscal 2030.

2. Responsible Sourcing

• Responsibly source 100 percent of priority raw materials and establish
  traceability to the country of origin by fiscal 2025;
• Source 100 percent U.S. chicken meat that complies with higher broiler
  chicken welfare standards by the end of 2024; and,
• Measurably advance Campbell’s supplier diversity program by fiscal
  2020.

3. Agriculture

Complementing Campbell’s existing goals to conserve resources on farms,
Campbell has committed to source 50 percent (by volume) of plant-based
priority ingredients from suppliers engaged in an approved sustainable
agriculture program by fiscal 2025.

Fiscal 2017 Sustainability Highlights

At Campbell’s World Headquarters in Camden, N.J., Campbell installed a
4.4-Megawatt solar array, the city’s largest, which will generate the
equivalent of 20 percent of the campus’ electricity demand.

In fiscal 2017, Campbell delivered more than 15 billion servings of
vegetables globally. Campbell also donated more than $61 million
worldwide in direct and in-kind giving and engaged employees in 12,200
volunteer hours.

To read the full report, visit Campbell’s Corporate Responsibility
website: www.campbellcsr.com.

About Campbell Soup Company

Campbell (NYSE:CPB) is driven and inspired by our Purpose, “Real food
that matters for life’s moments.” We make a range of high-quality soups
and simple meals, beverages, snacks and packaged fresh foods. For
generations, people have trusted Campbell to provide authentic,
flavorful and readily available foods and beverages that connect them to
each other, to warm memories and to what’s important today. Led by our
iconic Campbell’s brand, our portfolio includes Pepperidge Farm,
Bolthouse Farms, Arnott’s, V8, Swanson, Pace, Prego, Plum, Royal Dansk,
Kjeldsens, Garden Fresh Gourmet and Pacific Foods. Founded in
1869, Campbell has a heritage of giving back and acting as a good
steward of the planet’s natural resources. The company is a member of
the Standard & Poor’s 500 and the Dow Jones Sustainability Indexes. For
more information, visit www.thecampbellscompany.com
or follow company news on Twitter via @CampbellSoupCo. To learn more
about how we make our food and the choices behind the ingredients we
use, visit www.whatsinmyfood.com.

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Source: Campbell Soup Company

Campbell Soup Company
Nicky Thomson, 856-342-6283
[email protected]