General Mills, Inc. (GIS) 2024年CSR报告「NYSE」.pdf

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1、GLOBAL RESPONSIBILITYREPORT20242024 General Mills.Table of contents1 Introduction1 Letter to stakeholders2 Our Accelerate Strategy 3 Fiscal 2023 highlights4 Fiscal 2023 report dashboard5 Environmental,social and governance issues5 Oversight6 Stakeholder engagement7 Ethics and compliance8 Philanthrop

2、y and community engagement9 Public policy10 About this report59 People61 Human rights65 Workplace safety67 Diversity,inclusion and belonging74 Employee development and well-being79 Strengthening hometown communities84 Appendix84 Environmental Data Summary 85 Global Reporting Initiative index88 Unite

3、d Nations Global Compact Principles89 Task Force on Climate-related Financial Disclosures(TCFD)index90 Sustainability Accounting Standards Board reference table31 Planet35 Climate change39 Eliminating deforestation42 Regenerative agriculture48 Water stewardship51 Packaging54 Sustainable operations56

4、 Responsible sourcing58 Animal welfare11 Food13 Food safety14 Nutrition20 Alleviating hunger24 Diverse consumer needs27 TransparencyJeffrey L.HarmeningChairman,Chief Executive OfficerGeneral MillsFor 155 years,General Mills has been making food the world loves and doing so while ensuring the“G”in Ge

5、neral Mills stands for Good.This is reflected in everything we do.When it comes to the products we make,its never just a box its a promise.Its a tacit understanding that this is food were proud to offer families because we know theres care that goes into making it.Standing for peopleAt General Mills

6、,we put people first in everything that we do.This begins with our employees and extends across our value chain.Our company values reinforce who we are,how we treat each other and what we aspire to be as a company.In 2023,we continued to evolve and reinforce our“Work with Heart”framework that embrac

7、es flexibility and the importance of employees coming together with intentionality in-person and virtually.This flexibility is a strategic lever that contributes to making General Mills the best place to grow a career.One of the pillars of our recently updated company values,Championing Belonging,re

8、inforces our focus on fostering an inclusive culture where all employees feel a sense of connection.Its this intention that helps employees thrive,contributes to a positive culture and,in turn,propels General Mills growth.We continue to hold ourselves to the highest standards as we stand for people

9、whether that be safety,respecting human rights,driving progress toward a more equitable society,or supporting our hometown communities through giving and employee volunteerism.Standing for planet As a food company,General Mills is dependent on the health and wellbeing of our planet.In 2023,we contin

10、ued to advance and make progress against our priority planetary commitments,including climate change,regenerative agriculture,and packaging.Notably,we developed a climate roadmap,outlining both the actions and challenges of our strategy,which is detailed in our first Climate Transition Action Plan.I

11、ncluded is a new commitment to no deforestation across our primary deforestation-linked commodities palm,cocoa,and fiber by 2025.We also remain focused on accelerating regenerative agriculture.Were partnering with farmers within our key sourcing regions,advancing science and technology to measure an

12、d understand outcomes,and aligning co-investment across public,private,and civil sectors to deliver scaled impact.Our collaboration with Walmart and Sams Club to help accelerate regenerative agriculture across 600,000 acres of farmland underscores the opportunity in shared goals for planetary resili

13、ence.To reduce environmental impact,we continue to seek opportunities to improve the recyclability and reusability of our packaging,while reducing or eliminating materials,rolling out new packaging innovation,investing in education on recyclability and working to improve recycling infrastructure.Im

14、proud to continue to lead our Global Impact Governance Committee,alongside our Senior Leadership Team,to ensure our commitments are resourced,on track and,ultimately,achieved.This work has strong engagement from and oversight by our Board of Directors,showcasing both its significance and importance

15、for General Mills.General Mills has made tangible,meaningful differences over its history,and this past year was no different.In our 54th year of reporting social and environmental performance to stakeholders,we remain committed to disclosing our progress,as well as our challenges.While we have much

16、 work to do,I am proud of the work we have done and energized by the strategies in place to continue to stand for good for people,planet,and our business.Sincerely,Jeff HarmeningLetter to stakeholdersGENERAL MILLS GLOBAL RESPONSIBILITY 1Our Accelerate Strategy Our business is dependent on Mother Nat

17、ure.We are working from the ground up to solve todays food and agricultural challenges to build a resilient future.Regenerative Agriculture General Mills is working to advance an ecosystem of good on farms and ranches and measure its impact.Climate Action General Mills is looking beyond our walls fr

18、om farm to fork and beyond to reduce greenhouse gas emissions and create positive planetary outcomes.Recyclable or Reusable Packaging General Mills is innovating in packaging design to reduce environmental impact.We thrive when our employees and the communities where we live and work are healthy and

19、 vibrant.Hunger Relief General Mills is focused on improving community food security including equitable food accessBox Tops for Education General Mills advocates for greater equity in education.Equity,Inclusion and Representation General Mills is committed to advancing our culture of belonging and

20、creating positive impact in hometowns where we live and work.Standing For GoodOur Accelerate StrategyOur PurposeWhere to PlayHow to WinDriving Long-term Shareholder ValueCore MarketsBoldly Building BrandsOrganic Net Sales*+2-3%Global PlatformsRelentlessly InnovatingAdjusted Operating Profit*+Mid sin

21、gle digit%*Local GemsUnleashing Our ScaleAdjusted Diluted EPS*+Mid to high single digit%*Portfolio ReshapingStanding for GoodMaintain Capital Discipline*Non-GAAP measures*Constant-currency growth ratesGENERAL MILLS GLOBAL RESPONSIBILITY 2acres enrolled in programs designed to advance regenerative ag

22、riculture.500,000+renewable electricity sourced for our global operations.97%93%of our Board of Directors are women and 36%are ethnically diverse.*55%of our employees say that GeneralMills is a great place to work.*90%in charitable giving contributed by General Mills worldwide in fiscal 2023.$112.5

23、millionFiscal 2023 highlights*Includes food for both humans and pets.Source:SPINS Nat/Org Multi Channel,52 weeks ending 1/28/2024.*Progress reflects approximately 90%of total General Mills packaging spend;excludes Asia&Latin America,External Supply Chain and Pet treat businesses.*Board composition a

24、s of 1/1/2024.*Global survey of salaried employees,October 2023.PEOPLEFOODPLANETGENERAL MILLS GLOBAL RESPONSIBILITY 3General Mills is the largest provider of natural and organic packaged food in the U.S.*#1meals were enabled by donations of General Mills food worldwide during 2023.48 millionof our c

25、ompany-owned production facilities are Global Food Safety Initiative(GFSI)certified.100%of General Mills packaging recyclable or reusable(by weight).*Fiscal 2023 report dashboardSectionCommitment/goal or key performance indicator2023 ProgressFoodAchieve Global Food Safety Initiative(GFSI)certificati

26、on of all company-owned facilities100%Global volume meeting criteria as Nutrition-Forward Foods(%of global volume)41%Ranking of largest natural and organic packaged food providers in the U.S.#1*Meals enabled by donations of General Mills surplus food worldwide(#of meals)48 millionEnable 30 billion m

27、eals by 2030 through food donations and philanthropic partnerships(cumulative#of meals since 2019)42.6 billionPlanetReduce value chain greenhouse gas emissions by 30%by 2030 vs.2020 baseline(%reduction)7%Advance regenerative agriculture on 1 million acres of farmland by 2030(#of acres engaged in pro

28、grams designed to advance regenerative agriculture)500,000+All General Mills packaging designed to be recyclable or reusable by 2030(%of global packaging)93%*Champion the regeneration of water resources in priority watershedsongoingSource 100%renewable electricity for our global operations by 2030(%

29、achieved)97%Reduce food waste in operations by 50%by 2030 vs.2020 baseline(%reduction)19%Achieve zero waste to landfill at all owned production facilities by 2025(%achieved)51%Purchase 100%cage-free or free-range eggs for our global operations by 2025(%contracted)80%PeopleAdvance respect for human r

30、ights across our value chainongoingWomen in professional positions(%of global employees)50%Increase minority representation to 25%(%of U.S.employees)26%Representation of Black managers(%of U.S.employees)4%Spend with minority-owned suppliers(US$)$521 millionPercent of employees that say General Mills

31、 is great place to work90%Amount of charitable giving(US$)$112.5 millionThroughout the year General Mills has continued our work to stand for good across our value chain,from agriculture and operations to our consumers and communities.Below is a summary of our progress in fiscal 2023.This table does

32、 not cover all metrics contained in the report;it includes key commitments and goals as well as select performance indicators in areas of importance to General Mills and our stakeholders.Please refer to each section of the report for details and definitions on these and other metrics.*Includes food

33、for both humans and pets.Source:SPINS Nat/Org Multi Channel,52 weeks ending 1/28/2024.*Progress reflects approximately 90%of total General Mills packaging spend;excludes Asia&Latin America,External Supply Chain and Pet treat businesses.GENERAL MILLS GLOBAL RESPONSIBILITY 4Environmental,social and go

34、vernance issuesOversightIn 2021,we partnered with Pivot Strategies to conduct an update of our ESG issues assessment.We created and distributed a survey to more than 80 external and internal stakeholders,who were asked to assess the relative impact of each issue based on two dimensions:external impa

35、ct(the impact that General Mills has on society and the environment from each issue)and internal impact(the impact of each issue on the companys performance and enterprise value,considering factors such as revenue,expenses,reputation,risk,capital investment,market access and financial reporting impa

36、cts).The results of the survey were aggregated,and the issues were placed into tiers based on their relative impact on the two dimensions.This ESG issues assessment and prioritization helps guide our strategy and reporting and has enhanced our understanding of what stakeholders feel are currently th

37、e most impactful issues for our company to address.We recognize that all of the issues assessed are important and interconnected,and do not view this assessment in isolation,but rather in conjunction with our broader business strategy and priorities.For more information on this assessment,including

38、definitions and boundaries for each of these issues,please refer to our 2022 Global Responsibility Report.The Global Impact Governance Committee,led by our Chairman and CEO and overseen by the Boards Public Responsibility Committee,is accountable for our global responsibility programs.The Boards Pub

39、lic Responsibility Committee provides extensive oversight and receives regular updates from the operating teams.Our Chairman and CEO convenes the Global Impact Governance Committee at least three times per year.The purpose of the Committee is to establish,direct and oversee General Mills position on

40、 matters of significance to the company and its stakeholders concerning corporate social responsibility,environmental and sustainability issues,and philanthropy.Additional details about leadership and governance related to specific global responsibility issues are included in relevant sections of th

41、is report.See Corporate Governance to learn more about the companys broader corporate governance structures and processes,including its Public Responsibility Committee.Climate changeFood safety and qualityHealth and nutrition Ingredient sourcingPackagingRegenerative agricultureBiodiversityBoard and

42、executive oversightDiversity,equity and inclusion Ethics and complianceHunger and food securityRegulatory complianceResponsible marketing and labelingResponsible sourcingTalent management TransparencyWaste Water stewardshipWorkplace safetyAnimal welfareCommunity giving and engagementDeforestationHum

43、an rightsPrivacy and data securityPublic policyTIER 1:Priority issues core to General Mills strategy and performanceTIER 3:Issues of importance with focused strategiesTIER 2:Significant issues to our businessGENERAL MILLS GLOBAL RESPONSIBILITY 5r This graphic outlines governance and management of gl

44、obal responsibility focus areas at General Mills.Board of DirectorsPublic Responsibility CommitteeChief Strategy and Growth OfficerGlobal Impact Governance CommitteeCEO,Chairman of the BoardChief Financial OfficerChief Supply Chain OfficerChief Innovation,Technology and Quality OfficerChief Strategy

45、 and Growth OfficerChief Human Resources OfficerChief Digital and Transformation OfficerGroup President,North American RetailGroup President,PetGroup President,InternationalGeneral Counsel and SecretaryChief Innovation,Technology and Quality OfficerChief Human Resources OfficerGlobal Responsibility

46、Focus AreasGlobal Impact(sustainability and philanthropy)Health and NutritionWorkplaceCEO,Chairman of the BoardAt General Mills,we engage with stakeholders to accelerate progress on social and environmental initiatives.Our approach includes open dialogue,collaboration and transparent disclosure.This

47、 strengthens our ability to balance business and societal interests;build robust relationships globally across sectors;and ultimately,identify innovative solutions that create shared,sustainable value.We are working to address shared issues such as health and nutrition,racial equity,climate change a

48、nd water stewardship so collaboration is essential to achieving long-term,enduring progress.We work with other companies and organizations to shape standards across the consumer packaged goods industry,which elevates overall sector performance.We engage on issues that are material to our global resp

49、onsibility strategy and where we can have a substantial positive impact.When engaging with stakeholders,we assess potential alignment on objectives,organizational expertise,capacity,influence and willingness to collaborate.For example,in October 2023,GeneralMills,Walmart and Sams Club announced a co

50、llaboration to help accelerate the adoption of regenerative agriculture on 600,000 acres in the U.S.by 2030.This represents the approximate number of acres General Mills engages to source key ingredients for its products sold through Walmart and Sams Club.Initial projects will be supported through g

51、rants administered by the National Fish and Wildlife Foundation(NFWF),building out the education and coaching resources needed to help accelerate regenerative agriculture.The collaboration will help support the transition to regenerative agriculture production in the U.S.by:supporting capacity and p

52、rogramming for local organizations on the ground;connecting farmers to financial resources to help implement new practices;elevating the potential for more resilient yields for farmers through efforts to improve soil health,watersheds,biodiversity,climate change and farmer economic resilience;and he

53、lping ensure both companies can offer quality products to consumers long-term.General Mills supports the United Nations(UN)Sustainable Development Goals(SDGs),and we focus on the goals that align with the companys priority issues and areas of long-standing commitment,investment and progress.n Food s

54、ecurityn Food wasten Health and nutritionn Food safetyn Health and nutritionn Talent managementn Water stewardshipn Climate changen Energy usen Ingredient sourcingn Packaging footprintn Climate change n Food wasten Packagingn Water stewardshipn Biodiversityn Deforestationn Ingredient sourcingn Ethic

55、s and compliancen Human rightsn Public policyn Biodiversityn Water stewardshipn Diversity,equity and inclusionn Food securityn Human rightsn Responsible sourcingn Human rightsn Responsible sourcingn Talent managementn Climate changen Energy usen Diversity,equity and inclusionn Human rightsn Responsi

56、ble sourcingn Community engagementn Diversity,equity and inclusionn Talent managementn Food securityn Human rightsn Regenerative agricultureUnited Nations Sustainable Development GoalsStakeholder engagementGENERAL MILLS GLOBAL RESPONSIBILITY 6Employeesn Diversity and inclusionn Employee satisfaction

57、n Training and developmentNGOsn Packagingn Biodiversityn Human rightsn Soil healthn Sustainable sourcingn Water stewardshipConsumersn Consumer feedback/concernsn Education and responsible marketingn Product needs and preferencesIndustry associationsn Food safetyn Public policyn Regenerative agricult

58、uren DeforestationCustomersn Industry partnershipsn Product innovationn Sustainability collaborationSuppliersn Animal welfaren Human rightsn Regenerative agriculturen Sustainable sourcingInvestorsn Financial performancen Governancen Social and environmental issuesn SustainabilityWe engage with stake

59、holders on a variety of issues.Communitiesn Employee volunteerismn Food securityn Racial equityRegulators and public policymakersn Climate changen Food securityn Packagingn Water stewardshipn Regenerative agriculture*The General Mills Ethics&Compliance program is based on the U.S.Federal Sentencing

60、Guidelines for Organizations,and many program elements are identified as controls under our Sarbanes-Oxley compliance.Ethics and complianceGeneral Mills is committed to conducting business in an ethical manner that upholds best practices,protects human rights,complies with regulations,demonstrates i

61、ntegrity,provides equal opportunity and supports fair labor practices.“Do the right thing,all the time”is a core value at General Mils that goes beyond compliance with company policies and legal requirements.It means truly having a culture that supports every employee in making the right decisions e

62、very day.Our comprehensive Code of Conduct and Ethics&Compliance program*promote ethical behavior in all aspects of our employees work.The Code of Conduct describes behaviors and principles that support our values and includes company policies and resources to aid in ethical decision making.The Code

63、 establishes General Mills standards and procedures to prevent and detect misconduct and communicates the companys commitment to integrity and business ethics.In support of our Code of Conduct,the company has 24 corporate-level policies that outline more detailed compliance expectations.They cover t

64、opics such as food safety,workplace safety,appropriate advertising,business conduct standards,anticorruption and ethical sourcing.Annually,more than 10,500 company leaders from managers upward must attest to compliance with our Code of Conduct and business conduct policies.Training and resources:Emp

65、loyees receive training on these policies and our Code of Conduct new hires are trained in the full curriculum and all employees receive annual refreshed training,including targeted content for people managers.Our Ethics&Compliance program includes extensive online resources and self-directed course

66、s.The courses and ongoing employee communications including awareness campaigns,training reminders,policy updates and gift policy reminders illustrate how our Code of Conduct and policies apply to our employees day-to-day responsibilities.Our Ethics&Compliance website provides access to program reso

67、urces and employee policies are available in our employee Policy Center,which is fully searchable.Speaking up:Employees are encouraged to speak up if something doesnt seem right,or if they have questions about doing the right thing.Our Ethics Line which is easily accessible on our intranet and exter

68、nal website with translations available to support our global workforce allows employees worldwide to ask questions or raise concerns confidentially and anonymously.To reinforce that it is safe for employees to speak up without fear of retaliation and to demystify the process of raising a workplace

69、ethics concern our Code of Conduct includes an interactive tutorial letting employees know what to expect.Anti-corruption:Our anti-corruption program includes employee training and assesses corruption risks with our third-party suppliers.All allegations of third-party corruption or employee miscondu

70、ct are promptly and thoroughly investigated and shared in regular updates with the Audit Committee of the Board of Directors.Our Supplier Code of Conduct outlines our ethical expectations and is included in our contracts with business partners.Leadership and governance:The General Mills Board of Dir

71、ectors Audit Committee has oversight of the Ethics&Compliance program.The Ethics&Compliance group regularly updates the Audit Committee regarding program elements and effectiveness,including employee incident trends,ethical culture survey results,training and communication.The Enterprise Risk Commit

72、tee includes members of the Chief Executive Officers leadership team and provides support of Ethics&Compliance program elements.The Ethics Incident Management Team includes senior leaders from Ethics&Compliance,Employment Law,Global Internal Audit,Global Security and Human Resources and ensures fair

73、 and consistent investigations and outcomes regarding employee incidents related to business conduct policies.The Ethics&Compliance group is led by the General Counsel and Secretary,who reports to the Chairman and Chief Executive Officer.GENERAL MILLS GLOBAL RESPONSIBILITY 7Ethics&Compliance program

74、 elementsEducation and awarenessEffectiveness measuresg Code of Conductg Corporate policiesg Online and in-person trainingg Targeted communicationsg Global Policy Centerg Audit Committee oversight g Ethical Culture Surveyg Ethics Line metricsg Training metrics ControlsStrategic partnersg Business Co

75、nduct Certificationg Ethics Lineg Investigations g Ethics Incident Management Team g Anti-Corruption Programg Enterprise Risk Committeeg Lawg Global Internal Audit g Internal controlsg Human Resourcesg Global Security Philanthropy and community engagementWe are deeply committed to the communities wh

76、ere we live and operate and from which we source our ingredients.Our community impact initiatives,including philanthropy and employee volunteerism,aim to help build strong,equitable and resilient communities.Our approach:General Mills philanthropy ties closely to our companys purpose,core business a

77、nd food systems knowledge.We partner in innovative ways with nonprofits and other partners to grow our collective impact in targeted issue areas,while engaging our employees through volunteerism.Leadership and governance:General Mills philanthropy and community engagement programs are led by the Chi

78、ef Sustainability and Global Impact Officer with support from a team of experienced specialists who steward the companys philanthropy.In addition,employee councils located across our key global operating communities General Mills“hometowns”help to inform our local grantmaking by recommending nonprof

79、its to be considered for grants.General Mills philanthropy is governed by the Global Impact Governance Committee,which includes the companys Chairman and Chief Executive Officer and leaders from law,finance,R&D,supply chain,marketing,strategy and growth,communications,and innovation functions.Target

80、ed impact:To ensure General Mills philanthropy is well informed and effective,we use an outcomes-based approach to help strategically target and advance solutions in priority issue areas.Led by managers on our Global Impact Team and with input from other internal and external subject matter experts,

81、we leverage the evidence base to clearly define:the end outcomes(social and environmental)we are targeting;the key activities and interventions that best support those outcomes;and the key measures we will use to assess our impact and progress along the way.48 million Our product donations to food b

82、anks enabled 48 million meals around the world in fiscal 2023.6 continentsOur strategic philanthropy and our community giving in General Mills hometown communities spanned six continents in fiscal 2023.$112.5 million We gave US$112.5 million to charitable causes in fiscal 2023.Our philanthropic impa

83、ctGENERAL MILLS GLOBAL RESPONSIBILITY 8$78 million in product donations$34.5 million in cash donationsPhilanthropic global focus areasAlleviating hunger helping to feed people in need,promoting surplus food recovery and reducing racial disparities in food access.Learn more.Regenerating ecosystems em

84、powering growers and regenerating ecosystems and natural resources.Learn more.Strengthening hometown communities making meaningful impact to people and families in the communities where our employees live and work.Learn more.Our people-centered approach to impactTo advance positive global impact,we

85、engage to support system transformation initiatives centered on the people and communities closest to the issues.We prioritize programs that recognize the wisdom and multilayered understanding that comes from peoples lived experience,and that prioritize investments to help build the resources and ca

86、pacity of individuals from those communities to be the guides and champions of better futures.In everything we do from our farmer-focused regenerative agriculture work around the globe in regions where we source key ingredients(see pages 34 and 40-42);to our work to advance racial equity in food acc

87、ess(see pages 20-23);and our employee volunteerism with Partners in Food Solutions(see page 83)we believe that a people-centered approach unlocks the deepest understanding of social and environmental issues and systems,and is in fact key to designing better,more regenerative solutions for both peopl

88、e and planet.r Our philanthropy work is strongly aligned with many of the United Nations Sustainable Development Goals(SDGs),including goals 2,5,6,12,13 and 15.Public policyAt General Mills,we actively engage in public policy issues that are important to our company and stakeholders.We are committed

89、 to conducting these activities in an accountable and transparent manner.We articulate our approach in the Public Policy for the Greater Good area of our website.Our public policy priorities include:Protecting and preserving our planet:hLeading on regenerative agriculture and soil health General Mil

90、ls is a leading voice on regenerative agriculture.We invest to help support farmers as they shift toward more sustainable practices and encourage collaboration and investment by governments and the private sector,such as our support for the Foundation for Food and Ag Research(FFAR),a critical facili

91、tator of public private partnerships between industry and farmers.Policy is a critical tool to advance this work.We also encourage the U.S.Congress to strengthen collaboration between organizations,components of our supply chains and domestic agriculture producers to meet our ambitious sustainabilit

92、y goals.hCombating climate change We have established industry-leading,science-based targets for carbon reduction and advocate for climate change policies.We support a comprehensive,national climate policy;have publicly called for the U.S.to remain in the Paris Climate Accord;and support the U.S.Env

93、ironmental Protection Agencys(EPA)Clean Power Plan.See a list of our public actions here.hSupporting stronger organic standards We work to promote and protect the integrity of organic standards and advance their continuous improvement.Learn about our support for the National Organic Standards Board(

94、NOSB)and the Organic Agriculture Research and Extension Initiative(OREI).hAdvancing water stewardship We engage policymakers to drive more sustainable water practices in key watersheds,like California and Kansas.hAddressing packaging and food waste We promote policies to effectively and efficiently

95、increase packaging recycling rates and reduce waste.In the U.S.,we are a leader in AMERIPEN the American Institute for Packaging and the Environment and are actively engaged in multiple coalitions aimed at reducing food waste and loss.Delivering nutrition:We work to advance nutrition priorities,incl

96、uding support for strong Dietary Guidelines for Americans and strong U.S.school nutrition standards,and advocate for nutrition standards aligned with scientific recommendations in the Supplemental Nutrition Program for Women,Infants and Children(WIC),particularly that all breakfast cereals be whole

97、grain.Ensuring safe food:We strongly support the Food Safety Modernization Act(FSMA)and its goal of raising food safety standards across the food value chain.We have consistently called on Congress to continue adequate funding for FSMA implementation.Increasing food security and strengthening commun

98、ities:Increasing food security At the federal level,we are a longtime supporter of the Congressional Hunger Center,and we work with numerous partners to advance policy at the state level,including free school meals.hProtecting people We advocate for inclusive public policies and add our voice to hel

99、p lead change,including for inclusive U.S.immigration and LGBTQ+policies.hStrengthening our communities We develop important community partnerships that drive economic growth,increase connections and improve equity.For example,we are a leader in the Minnesota Business Coalition for Racial Equity(lea

100、rn more in the People section of this report)and have advocated for the Minnesota legislature to enact policing reforms.Informing consumers and increasing awareness:We support public policy efforts to inform our consumers about our products.For example,we voluntarily labeled our products for the pre

101、sence of bioengineered(BE)ingredients in the U.S.before it was required by law,and we continue to do so.Compliance:We comply with all lobbying regulations where applicable and file regular reports on our lobbying activity.General Mills is registered as a lobbying entity at the federal level for the

102、U.S.House of Representatives and U.S.Senate and in the states of Minnesota and California.GENERAL MILLS GLOBAL RESPONSIBILITY 9About this reportThe General Mills Global Responsibility Report describes our commitments,goals,programs and performance across a broad range of issues.The companys Global I

103、mpact Team has responsibility for the development of the report.Ultimate accountability lies with the Global Impact Governance Committee(see page 5).The Global Responsibility Report is an important part of a broader set of disclosures,including the companys annual report,SEC filings and annual proxy

104、 statement,that provide stakeholders a multifaceted description of General Mills performance.Report scopeThe report covers the companys global operations in fiscal 2023(ending May 28,2023),except where noted otherwise.Data for fiscal 2023 Scope 1,2 and 3 GHG emissions have been verified by Apex Comp

105、anies,LLC.For details,see the Greenhouse gas emissions section in the Appendix.Unless otherwise noted,data in this report is not externally verified and may occasionally be restated due to improvements in data collection methodology.Actual results may vary significantly from expectations expressed o

106、r implied in this report.Undue reliance should not be placed on forward-looking statements,which speak only as of the date they are made.We do not undertake to update or revise any forward-looking statements,except as required by law.Reporting standards This report references the GRI Standards.See t

107、he GRI index for details.This report references the Sustainability Accounting Standards Board(SASB)Processed Foods Standard.See the SASB index for details.General Mills endorsed the principles of the UN Global Compact in 2008.This report serves as the companys annual Communication on Progress.See th

108、e UN Global Compact index for details.Stakeholder inputFor the last several years,General Mills has engaged Ceres to convene a group of external stakeholders,including investors,NGO representatives and corporate practitioners,to provide input on our annual Global Responsibility Report.Wevalue this i

109、nput and have incorporated much of their feedback into the report.FeedbackWe welcome your comments about this report.Please send any feedback to Corporate.R.Political contributions and membershipsOur civic policy describes our approval process for corporate political contributions.The Public Respons

110、ibility Committee of the Board of Directors oversees the companys political activities,including our policy,disclosure of corporate political contributions,membership in major trade associations and independent political expenditures(although the company has not made any).For details and historical

111、information,see our 2005-2023 civic involvement reports.The General Mills Political Action Committee(G-PAC)is run by employees and uses employee funds to make political contributions to federal and,in limited cases,state candidates.No corporate treasury funds are used for federal candidate contribut

112、ions,but as allowed by law,the company pays G-PAC administration costs.All G-PAC transactions are publicly disclosed via reports available on the Federal Election Commission website.General Mills also advances its mission by partnering with trade associations and other independent organizations that

113、 share our goals,including:International organizations,such as EuroGlaces and the Brazilian Association of Food Industries.U.S.public-policy-focused organizations,such as the Consumer Brands Association and the National Association of Manufacturers.State or provincial agencies,local chambers of comm

114、erce and manufacturing organizations,such as the Minnesota Chamber of Commerce and the Ohio Manufacturers Association.We report details about our largest U.S.trade association memberships biannually in our civic involvement reports.We do not belong to or make payments to any tax-exempt organizations

115、 in the U.S.that write and endorse model legislation.Accountability:In 2023,the Center for Political Accountability rated General Mills as one of the top“Trendsetters”in its CPA-Zicklin Index of Corporate Political Disclosure and Accountability.In this ranking,which includes all companies in the Sta

116、ndard&Poors 500 Index,we maintained our leading performance from past years.GENERAL MILLS GLOBAL RESPONSIBILITY 10meals were enabled by donations of General Mills food worldwide during 2023.General Mills is the largest provider of natural and organic packaged food in the U.S.*48 million#1of our comp

117、any-owned production facilities are Global Food Safety Initiative(GFSI)certified.100%FOOD*Includes food for both humans and pets.Source:SPINS Nat/Org Multi Channel,52 weeks ending 1/28/2024.GENERAL MILLS GLOBAL RESPONSIBILITY 11FOOD PLANET PEOPLEIN THIS SECTION Food safety Nutrition Alleviating hung

118、er Diverse consumer needs TransparencyAt General Mills,relentlessly innovating is a key pillar of our strategy and essential to our purpose of making food the world loves.Innovation has been an integral part of General Mills across our 150-year history starting in our flour milling days.Since then,w

119、eve been focused on the future of food and how to create it.True to our nature,General Mills is once again looking ahead to tomorrow.The lives of consumers have changed greatly over the past several years,and will continue to do so.In keeping our consumers at the heart of everything we do,we believe

120、 that winning in innovation depends on creating remarkable experiences with brands that are loved and solutions that bring joy and solve real,meaningful problems.We embrace the diversity of consumer needs which demand a diverse portfolio of solutions.By meeting personal nutrition preferences,providi

121、ng new flavors that delight and plant-based options,and through our leadership in natural,organic and pet foods,we offer a broad portfolio that caters to a wide range of tastes and preferences.Providing trusted solutions reflects our commitment to safety,both in our workplaces and the food we make.S

122、erving our consumers sustainability,responsibly and with transparency is core to our values.Equally important is our commitment to serving our communities to alleviate hunger and provide equitable food access.Relentless innovation requires us to move with greater speed and agility to bring new ideas

123、 from possibility to reality.We leverage our disruptive growth ecosystem to foster the next generation of founders,entrepreneurs and early-stage companies to unlock the growth potential between our core,established business and acquisitions.How we make our food is as important as the food we make.Ou

124、r values are baked into everything we do and continue to accelerate us into the future as an innovative company that stands for good.Sincerely,Lanette Shaffer WernerFrom our Chief Innovation,Technology and Quality Officer At General Mills,we make food the world loves.With more than 100 brands across

125、 100 countries,we provide consumers with a wide variety of foods to nourish people and their pets including innovative new offerings and established favorites that satisfy a diverse range of needs and preferences.GENERAL MILLS GLOBAL RESPONSIBILITY 12FOOD PLANET PEOPLELanette Shaffer WernerChief Inn

126、ovation,Technology and Quality OfficerFood safetyOur approach:Safety is a priority for our company and central to our culture.Leading with safety both in the workplace and the food we make is one of the key operating principles that guides our work.We share best practices with industry peers,supplie

127、rs and regulators to help raise standards industry-wide.Systems:Our global food safety systems focus on prevention,intervention and response.n Processes Food safety is integrated into all our processes,beginning with research and development(R&D)and extending across our supply chain.n Risk mitigatio

128、n We conduct internal risk-based surveillance and food safety testing at all General Mills facilities to identify and prioritize specific areas of risk.n Audits Our Global Internal Audit team audits the effectiveness and efficiency of food safety controls and operating procedures.Results are reporte

129、d to the Board of Directors Public Responsibility Committee.Governance:n Policies Governance of General Mills food safety and regulatory matters begins with a corporate Food Safety and Regulatory Policy signed by our Chief Executive Officer.This corporate-wide policy is supported by 18 individual po

130、licies that apply to our human and pet food products globally.These policies and accompanying standards,procedures and guidelines cover a broad range of food safety areas,such as regulatory compliance;trace and recall;labeling;claims;physical,chemical and biological hazards;transportation;good manuf

131、acturing practices;and sanitation.n Leadership The Vice President of Food Safety and Quality has direct responsibility for food safety.Food safety and quality results are regularly discussed with the Board of Directors Public Responsibility Committee and General Mills senior management.Suppliers:n A

132、udits We conduct supplier and co-producer audits globally to help ensure the safety of our products during each step in our supply chain,from raw material supply to finished product manufacturing and distribution.In addition to performing direct virtual and physical onsite audits,we encourage third-

133、party audits and/or certification as an additional preventive control measure.n Training We connect and partner with our suppliers to share food safety knowledge and communicate General Mills expectations.Recalls:When we learn about food safety or regulatory risks that may be linked to our products,

134、we take immediate action.We collaborate with internal and external technical experts to investigate the situation,communicate with customers and consumers,and issue voluntary recalls to remove affected products from store shelves,when appropriate.We conducted two voluntary product recalls globally i

135、n fiscal 2023,compared to five very small voluntary recalls in fiscal 2022.2023 PROGRESS100%of company-owned production facilities Global Food Safety Initiative(GFSI)certified798supplier and co-producer audits conducted,including 129 packaging supplier audits,573 food ingredient audits*and 96 co-pro

136、ducer audits$15.7 millioninvested into food safety,equal to 8.6%of total supply chain essential capital investment(U.S.dollars)5,607people trained through global centers of excellence and online training academy*886quality professionals trained in food safety*779suppliers participated in food safety

137、 training sessions Our performanceOur suppliers*Individuals who attended multiple training sessions were counted more than once.*Includes corporate quality and supply chain professionals globally as of September 2023.*Includes 466 supplier audits for human food ingredients and 107 supplier audits fo

138、r pet food ingredients.*Includes human food co-production sites and suppliers.GFSI compliance numbers may fluctuate from year to year as new sites are added and other sites are removed based on changes in volume and ingredient requirements for new products,as well as delays in the issuing of certifi

139、cates by certifying bodies,travel restrictions and other factors.GFSI certification:*GLOBAL CO-PRODUCTION SITESGLOBAL INGREDIENT SUPPLIERSNORTH AMERICAN INGREDIENT SUPPLIER SITES94%83%92%GENERAL MILLS GLOBAL RESPONSIBILITY 13FOOD PLANET PEOPLENutrition Department createdPillsbury joined nutrition te

140、amVoluntary nutrition labeling on all productsLaunched Nutrition Forward Foods metric81%sales volume with improved nutritional profileYoplait Light as a leading weight management brandBIHN createdNutrition education materials developedBIHN scholarships to advance diversityLaunched nutrient density r

141、esourcesLaunched external health reportingExpanded cereal fortification across portfolioWhole grains in all Big G cerealsDietary intake research capability developedWhole grain foods advocacyAchieved sodium reduction commitmentProgresso Light soups introducedBIHN expands globallyFirst whole-grain he

142、alth claimsBenefit cereal introducedImplemented nutrition label reformOur approachOur goal is to provide a diverse portfolio of products that contribute to the well-being of our consumers and meet a variety of their needs.We are committed to unlocking opportunities to nourish people with food they l

143、ove and improving the nutrient density,affordability and accessibility of our products.At General Mills,we view nutrition as a source of growth and as a force for good.Our aspiration:We recognize the importance of our foods in consumers lives,and we provide a variety of foods that fit with our consu

144、mers budgets,time,tastes and nutritional needs.We understand the importance of sustainable food systems and the critical role the food industry can play in meeting these needs.We aspire to provide nutrient-dense foods that are made with ingredients grown using regenerative agricultural practices,tha

145、t are affordable,easy to prepare and that the whole family loves.Learn more about our leadership in sustainable food systems,our sustainable sourcing practices and our work to reduce the environmental impacts of food packaging in the Planet section of this report.Investment in nutrition research:We

146、invest in R&D to improve the nutrient density of our products and help us improve our understanding of the impact of food on health and wellness.We believe in cross-sector dialogue and diverse partnerships to advance nutrition research in support of public health.We collaborate with a range of scien

147、tists,universities,consortiums and organizations across the globe to advance nutrition science and help answer multifaceted nutrition problems.We discuss our policies and practices openly and transparently.In fiscal 2023,we published nutrition research in more than 10 scientific publications and pre

148、sented at over 30 scientific conferences and events.Bell Institute of Health and Nutrition:General Mills global Bell Institute of Health and Nutrition is the companys source for scientific health and nutrition expertise that creates value and growth for General Mills.The Bell Institute of Health and

149、 NutritionCelebrating more than 25 years of the Bell Institute of Health and NutritionFrom its beginnings in the 1960s as the Nutrition Department through today,the Bell Institute of Health and Nutrition(BIHN)has evolved and grown with General Mills.During this last 60 years of changes,the BIHN has

150、maintained industry leadership by staying true to its key areas of expertise:nutrition science,nutrition regulations and policy,health professional communication and education,and product guidance and innovation.r Nutrition has been a key part of General Mills history for over 60 years,including the

151、 founding of the Bell Institute of Health and Nutrition 25 years ago.This expanded timeline includes additional nutrition-focused milestones.19601970198019902000201020152020GENERAL MILLS GLOBAL RESPONSIBILITY 14FOOD PLANET PEOPLEBridging the fiber gap We have made a commitment to help bridge the fib

152、er gap in UK consumers diets through a variety of actions across our diverse portfolio of brands.Our actions include improving the variety and nutrient density of our offerings through innovation and reformulation so that they help deliver more fiber,fiber-rich food groups and whole grain.Examples i

153、nclude the launch of Nature Valley Oaty&Crispy Bars and Fibre One Crispy Chocolate Brownies.We will amplify these efforts through our brands,communications,engagement and support for events that encourage people to enjoy higher fiber diets.For example,in May 2023 we held a dietitian-led employee edu

154、cation session on the benefits of fiber in a healthier diet.See our full commitment here.Nutrition is a team of scientists and registered dietitians who guide General Mills product development through:n Nutrition science researchn Insights on nutrition claims and regulatory mattersn Health communica

155、tions to customers,nutrition professionals and consumersn Nutrition recommendations for product innovation and reformulationn Product nutrition guidelines for select brands,including category-specific limits for calories,saturated fat,sodium,sugar and added sugar,and nutrients and food groups to enc

156、ourage,like whole grain and fiberLearn more on the Bell Institute website.Leadership and governance:Responsibility for product development and marketing lies within the R&D and marketing organizations,respectively.Responsibility for marketing communications is held by the Chief Strategy and Growth O

157、fficer.The Chief Innovation,Technology and Quality Officer is responsible for the areas of product nutrition,safety and labeling.The Bell Institute of Health and Nutrition reports to the Chief Innovation,Technology and Quality Officer who approves the overall health and wellness strategy and updates

158、 the Public Responsibility Committee of the Board of Directors.Health and Wellness Advisory Council:Since 1989,our Health and Wellness Advisory Council of globally recognized external academic experts in health and nutrition meets regularly to provide feedback on our nutrition strategies and actions

159、.Learn more about our Nutrition and Food Safety Partnerships and Collaborations.Nutrition policy and engagement:Globally,we engage transparently on nutrition policy topics through public engagement opportunities to provide science-based positions that support public health concepts such as nutrient

160、density,fortification,whole grain and healthy dietary patterns.For more information about where and how we engage on nutrition policy topics,please see the public policy content in the reports Introduction section.CHIEF INNOVATION,TECHNOLOGY AND QUALITY OFFICERHEALTH AND WELLNESS ADVISORY COUNCILPRO

161、DUCT MARKETING AND COMMUNICATIONSFOOD SAFETY AND QUALITYRESEARCH AND DEVELOPMENTBELL INSTITUTE OF HEALTH AND NUTRITIONCHIEF STRATEGY AND GROWTH OFFICERCEO,CHAIRMAN OF THE BOARDSodium spotlight General Mills is aligned with helping to reduce population sodium intakes and has a long history of signifi

162、cant sodium-reduction efforts.As members of the International Food&Beverage Alliance(IFBA),General Mills and other IFBA member companies developed the first-ever collective commitment by the food industry to implement globally set standardized targets for sodium reduction in manufactured foods,which

163、 was launched in December 2021.Building on decades of members individual efforts and experience in sodium reduction,IFBA members commit to global sodium reduction with standardized,stepwise voluntary targets for key categories of products to be achieved incrementally by 2025 and 2030.The full commit

164、ment can be viewed here.GENERAL MILLS GLOBAL RESPONSIBILITY 15FOOD PLANET PEOPLEAffordable nutrition General Mills priorities have long included providing nutritious foods and increasing food security to support the health and well-being of our consumers.Nutrient-dense foods:Nutrient density is the

165、per-calorie proportion of beneficial nutrients and food groups in a food versus nutrients to limit.Nutrient-dense foods are important contributors of key nutrients and food groups,including whole grain,dairy,fruits and vegetables,nuts and seeds,and vitamins and minerals,while balancing nutrients to

166、limit,such as sodium,sugar and saturated fat.At General Mills,we provide a diverse portfolio of products,including many nutrient-dense foods like fortified whole grain cereals,low-fat and nonfat yogurts,granola bars,and frozen fruits and vegetables,that can help consumers meet dietary recommendation

167、s and build healthy eating patterns.Fortification:We fortify key products in line with public health principles,including using evidence-based decision-making to help guide the use of nutrients in our foods.General Mills periodically assesses population nutrient intakes using nationally representati

168、ve dietary surveys to ensure our products help meet consumer dietary needs.Affordable and accessible:We believe in providing affordable,accessible nutrient-dense foods that people love,such as ready-to-eat cereal,low-fat and nonfat yogurt,canned soup and vegetables,and whole grain granola bars.Many

169、of these products,in addition to being widely available in traditional retail outlets and online,meet the nutrition standards for U.S.federal nutrition assistance programs(see related story on the next page for details).Plus up the nutrition of affordable,convenient family favoritesGeneral Mills pro

170、vides educational material and simple meal ideas on focused on nutrient density,affordability and convenience for a variety of our products.We also partner in the community to help reach vulnerable populations and provide simple,nutrient-dense meal solutions.We worked with retailer Hy-VeeTM to intro

171、duce a“Healthy You Wellness Tour”in August 2023 featuring select Old El Paso products and educational materials with simple tips for adding nutrient-dense ingredients.Through the tour,we hope to reach over 15,000 American families at risk for food insecurity.+Lean proteinFiberVegetablesHealthy fatsC

172、alcium+GENERAL MILLS GLOBAL RESPONSIBILITY 16FOOD PLANET PEOPLEProviding key nutrientsMany of our products meet U.S.regulatory criteria as good sources of key nutrients and food groups that are lacking in many peoples diets.In fiscal 2023,our North American retail volume contained at least a good so

173、urce of the following nutrients:Vitamin DCalciumIronDietary fiber24%29%20%16%85On average,a 6-ounce serving of Yoplait Original Style yogurt is about U.S.85 cents,and is an excellent source of calcium and good source of vitamin D.60Nature Valley Crunchy Bars are an affordable,nutrient-dense snack.Ea

174、ch serving of two bars,on average,costs less than U.S.60 cents and delivers at least 16 grams of whole grain.$3.00Progresso Light soup costs less than U.S.$3,on average,and has 240 calories or less per can,making it an affordable,convenient option for eating light.*AC Nielsen based on 52 weeks endin

175、g August 2023Examples of product offerings*w Image used with permission.r Cheerios Multigrain,Fitness No Added Sugar and Shreddies are a few of the CPWbreakfast cereals containing a significant amount of whole grain and high source of fiber available outside of North America.*Meals offered in USDA s

176、chool meal programs must contain grains.The USDA meal pattern regulations establish minimum serving sizes of grains required at meals and snacks,and these General Mills products help to fulfill the minimum two-grain requirement.Meal patterns for Child Nutrition Programs can be found here.GENERAL MIL

177、LS GLOBAL RESPONSIBILITY 17FOOD PLANET PEOPLEAs part of our North America Foodservice business,General Mills is a longstanding partner of U.S.Department of Agriculture(USDA)feeding programs.We are a leader in providing great tasting,nutritious,regulation-ready menu solutions for child nutrition prog

178、rams,including the School Breakfast Program(SBP),the National School Lunch Program(NSLP)and the Child and Adult Care Food Program(CACFP).We also have supported the Special Supplemental Nutrition Program for Women,Infants and Children(WIC)for over 45 years and today have more than 240 WIC-eligible pr

179、oducts.We support strong nutrition standards for these programs and specifically have been advocates for whole grain-rich standards to help move students closer to meeting whole grain recommendations.In fact,76%of our K-12 grain volume contains at least 8 grams of whole grain per serving and is cons

180、idered whole grain-rich.We continually develop new products and renovate existing products to help operators meet school nutrition standards.25%Less Sugar Trix Cereal Cup.A new addition to our line of two-grain*cereal cups,25%Less Sugar Trix is a whole grain-rich,fun and great-tasting solution desig

181、ned to help operators meet the school meal pattern requirements and drive student excitement and participation.This fruity cereal also meets CACFP sugar requirements.Two-Grain*Cereal Bars.Individually wrapped and portable whole grain-rich cereal bars work for multiple feeding models in K-12 schools

182、and are available in brands kids know and love,including Cinnamon Toast Crunch,Lucky Charms and Peach Cheerios.General Mills support for USDA feeding programs encompasses more than the products we provide.Our dedication to ensuring kids are well fed and ready to learn also includes providing operato

183、rs with resources to help them run a successful school meal program.School nutrition professionals go above and beyond to feed their students but continue to experience ongoing challenges that include everything from staffing shortages and inflation to lack of equipment.In the summer of 2023,General

184、 Mills Foodservice brought the Box Tops for Education platform to operators to give school feeding programs the chance to win key equipment necessary to keep students well fed and ready to learn.The foodservice team also provides operators with recipes,marketing tools,tips,and inspiration,including

185、our recently launched one-stop website for K-12 breakfast resources.Learn more about General Mills actions to alleviate hunger and expand access to school nutrition assistance programs.Supporting U.S.nutrition assistance programsCereal Partners WorldwideOur Cereal Partners Worldwide(CPW)joint ventur

186、e with Nestl makes and markets cereals globally outside North America.CPW is committed to making breakfast better by providing nutritious,tasty and convenient breakfast cereals.For more than a decade,CPW has been improving the nutrient density of its global product portfolio to increase beneficial i

187、ngredients and nutrients that are important to a balanced diet such as whole grain and fiber and reduce ingredients like sugar and sodium.Actions:Since 2003,CPW has increased the use of whole grains significantly,so that today all products carrying a green banner have a minimum of 8 grams of whole g

188、rain per 30 gram serving,and more than 95%of our ready-to-eat breakfast cereals for children and teenagers have whole grain as the main ingredient.Along with international health organizations,industry peers and other partners,CPW and General Mills participate in the Whole Grain Initiative,a global

189、effort to increase consumer awareness of the importance of whole grains and promote greater consumption of them.With the initiative,CPW and General Mills support the annual International Whole Grain Day to encourage consumption of whole grains worldwide.Global health reporting Over the years,we have

190、 made significant progress reformulating products by increasing positive nutrients,like whole grain,fiber,and iron,and reducing limiter nutrients,like sodium and sugar.From fiscal 2005 to 2018,we tracked and shared our progress through our U.S.Health Metric reporting system,whereby we improved the n

191、utrition of our U.S.retail sales volume by 81%primarily by increasing positive nutrients or decreasing nutrients to limit.In fiscal 2019,we updated and expanded our approach to a new global health reporting system that provides a transparent snapshot of the nutritional characteristics of our portfol

192、io.The process for determining which products qualify as Nutrition-Forward Foods is based on established nutrition criteria grounded in regulations,dietary guidance,and nutrient density.Results:In fiscal 2023,41%of General Mills global volume met our Nutrition-Forward criteria,including 16%that met

193、the criteria by providing a meaningful amount of a food group and 25%that met the U.S.Food and Drug Administrations Healthy criteria through limits on sodium and saturated fat.Our expansive and diverse portfolio offers a delicious variety of nutrient-dense products from every food group to help supp

194、ort consumers in building healthy eating patterns.GENERAL MILLS GLOBAL RESPONSIBILITY 18FOOD PLANET PEOPLEExamples of General Mills Nutrition-Forward Foods from key product categoriesWhole grain cereals99%of our cereal portfolio provides at least 8 grams of whole grain per labeled servingBig G cerea

195、ls like Original Cheerios,Kix,Fiber One,Chex and WheatiesProvides at least 8 grams of whole grain per labeled servingPRODUCTCATEGORYGLOBAL IMPACTFEATURED PRODUCTSNUTRITION-FORWARD CRITERIALow-fat or nonfat yogurts74%of our yogurt portfolio provides at least serving of low-fat or nonfat dairyYoplait

196、yogurts like Yoplait Original,Light,Source and Go-GURTProvides at least serving of low-fat or nonfat dairy per regional definitionSnack bars76%of our snack bar portfolio provides at least 8 grams of whole grain OR serving of nuts or seedsNature Valley Crunchy Bars,Fiber One Chewy Bars Oats and Choco

197、late,and Annies Chewy Granola Bars Oatmeal RaisinProvides at least 8 grams of whole grain per labeled serving OR serving of nuts or seedsSoups23%of our soup portfolio meets FDA Healthy criteria OR provides serving fruits/vegetables per labeled servingProgresso soups like Reduced Sodium Hearty Minest

198、rone and Light Vegetable Barley Soup Meets U.S.FDA Healthy criteria OR provides serving fruits/vegetables per labeled servingFruits and vegetables97%of our vegetable portfolio provides at least serving fruits/vegetables per labeled servingA variety of Cascadian Farm frozen fruits and vegetables,Muir

199、 Glen tomatoes,Betty Crocker potatoes and a variety of Progresso canned beansProvides at least serving of vegetables/fruit per labeled serving*Global Health Reporting excludes our Pet segment.*Nutrition-Forward Foods must meet the following criteria per labeled serving:In fiscal 2023,41%of General M

200、ills global volume met the Nutrition-Forward criteria.*41%n At least 8 grams of whole grain,a serving of low-fat or nonfat dairy per regional definition,or a serving of fruits,vegetables or nuts/seeds.(16%met these criteria.)n Meet U.S.Food and Drug Administrations Healthy criteria:21 Code of Federa

201、l Regulations 101.65.(25%met these criteria.)or 2023 RESULTSGlobal health reporting*Nutrition innovation At General Mills,we are always looking to the future and investing in product innovation and renovation to stay current in a dynamic environment.Nutrition innovation is a key piece of how we will

202、 continue to meet evolving needs and consumer preferences,adapt to new scientific insights,and feed the worlds growing population.Sustainable nutrition At General Mills,our view of sustainable nutrition focuses on the nutrition of our foods,how food crops are grown,and the materials used to protect

203、the foods nutrients,quality and safety.General Mills has a strong sustainability program dedicated to reducing the environmental impact of agriculture and our packaging by supporting farms on their regenerative agriculture journey,as well as actively transitioning to recyclable-by-design materials(l

204、earn more in the Planet section of this report).We also focus on providing nutrient-dense foods that contribute healthful ingredients,including whole grains and low-fat dairy,to the diet.We believe packaged foods play an important role in sustainable diets by contributing shelf-stable,nutritious,con

205、venient and accessible foods that meet our consumers family traditions and food preferences.Personalized nutrition As consumers desire for personalized nutrition expands,General Mills works to remain informed about emerging personalized nutrition research and continues to provide innovative product

206、offerings.Our diverse portfolio includes many products designed to meet the evolving preferences of consumers who choose their foods with specific nutrition and lifestyle goals in mind.Examples include:n Carb-conscious Our Ratio brand has a variety of products for those with net carbs in mind,from y

207、ogurt to cereal to snack bars.We recently launched a new keto-friendly granola with 2-4 grams of net carbs and a new keto-friendly beverage with 10 grams of protein and 5 grams of carbohydrates.Good Measure offers blood-sugar-friendly snack bars convenient snack solutions that provide fiber and nuts

208、 and have 5 grams or less of net carbs as an occasional snack for consumers interested in limiting their carbohydrate consumption.n Weight management Fiber One bars and brownies are smart choices for consumers looking for tasty ways to enjoy their favorite snacks while managing their weight.Fiber On

209、es newest Protein bars have 12 grams of protein and 8 grams of fiber.Our Yoplait Light brand has been a calorie-controlled yogurt for years and offers a variety of great flavor options with 1 gram of added sugar and 80 calories per yogurt container.n Heart-healthy Cheerios Original and Honey Nut Che

210、erios are staples in many households and are made from whole grain oats,which contain beta glucan,a soluble fiber that can help lower cholesterol as part of a heart-healthy diet.The newest flavor,Vanilla Spice Cheerios,is low in fat,saturated fat free and cholesterol free,which may reduce the risk o

211、f heart disease.n Gluten-free We offer many gluten-free products.General Mills is the second-largest producer of gluten-free products in the U.S.*More than one in four of our North American product SKUs over 1,200 product SKUs are labeled as gluten-free.*Nielsen xAOC+Convenience;52 weeks ending 12/2

212、3/2023.*As of October 2023.GENERAL MILLS GLOBAL RESPONSIBILITY 19FOOD PLANET PEOPLEOur Big G cereals now deliver 20%of the Daily Value of Vitamin D twice the previous amount.As the category leader,General Mills was the first to broadly roll out this important nutrition upgrade across most of our Big

213、 G cereals.We celebrated this change in our Goodness We Grow Up On campaign highlighting the nutritional benefits of Big G cereals that have made them a family favorite.In Europe and Australia,our new Nature Valley Oaty&Crispy bar is made with soft and chewy whole grain oats.The honey and cocoa flav

214、ored bars are a tasty source of fiber,with 30%less sugar than the UK market average for similar products.Product reformulation highlightsr Gluten-free education handout and gluten-free Chex Mix recipe card are featured as part of Hy-Vees Dietitian Pick of the Month Program.Our Foods That Fit campaig

215、n offers educational materials through food retail partnerships to help educate consumers about how to make food choices that fit their personalized dietary needs.Foods That Fit These foods are naturally gluten-free:Read labels when choosing these foods:Registered dietitians are an essential source

216、of guidance and support.You can also turn to credible organizations like the Celiac Disease Foundation,Gluten Intolerance Group,the Celiac Support Association and Beyond Celiac for more information.Fruit and VegetablesFish and SeafoodBeans and LegumesMeat and PoultryEggs and Dairy ProductsNuts and S

217、eedsGluten-free grains(e.g.,quinoa,rice)Gluten-free Starches(e.g.,potatoes,corn)A Quick Guide to Eating Gluten-Free Gluten-Free Guidance&GoodiesCeliac Disease:Fast Facts&DefinitionsGLUTEN:A protein found in wheat,rye,barley,malt and Brewers yeast.CELIAC DISEASE:A condition in which consuming gluten

218、triggers the bodys immune system to attack the small intestine.GLUTEN-FREE:Following a gluten-free diet is essential for managing celiac disease and requires careful attention when selecting foods and ingredients.Following a gluten-free diet is essential for managing celiac disease and requires care

219、ful attention when selecting foods and ingredients.Whether youve been diagnosed with celiac disease,gluten-intolerance or follow a gluten-free lifestyle,the information below can help you navigate the path to finding foods that fit.GLUTEN-FREE:TIPS&TRICKS TO FIND FOODS THAT FITPastaCerealsSauces&Con

220、dimentsFlavoringsBeveragesGrains and CrackersBaked GoodsSoups!Find foods that fit your lifestyle from trusted brands that offer several gluten-free options.Look for products labeled“gluten-free”and review the ingredients panel for sources of gluten.Remember just because“wheat”isnt listed as an ingre

221、dient doesnt necessarily mean“gluten-free”.For more nutrition information and resources,visit bellinstitutebell.institutebellinstitutegenmills!GLUTEN-FREE SNACK MIX RECIPEINGREDIENTS 4 cups Corn Chex cereal 4 cups Rice Chex cereal 2 cups Cheerios cereal 2 cups bite-size gluten-free pretzel sticks or

222、 twists 6 Tbsp.vegan dairy-free buttery vegetable oil spread 2 Tbsp.gluten-free Worcestershire sauce 1 1/2 tsp.gluten-free seasoned salt 3/4 tsp.garlic powder 1/2 tsp.onion powderINSTRUCTIONS1 Heat oven to 250F.2 In large bowl,mix cereals and pretzels until well blended.In small microwavable bowl,mi

223、crowave vegetable oil spread uncovered on High 30 to 40 seconds or until melted.Stir in seasonings.Pour over cereal mixture;stir until evenly coated.Transfer to ungreased roasting pan.3 Bake 1 hour,stirring every 15 minutes.Spread on paper towels to cool,about 15 minutes.Store in airtight container

224、at room temperature.Servings:22Prep Time:5 minutesCook Time:1 hour and 30 minutesABOUT THE RECIPEDig into this delicious snack mix,full of Chex and Cheerios cereals and gluten-free pretzels.This version is made without nuts,dairy,or gluten;a perfect fit for those with Celiac disease or gluten intole

225、rance!r Examples of our products that help satisfy consumers personalized nutrition needs.Our approach:Grounded in our belief that every individual,family and community should be food secure and free from hunger,General Mills works to make more food available to those in need.Together with our nonpr

226、ofit partners,we work to ensure all members of the community have reliable and equitable access to a wide range of affordable foods.We help to expand surplus food recovery and charitable redistribution of good food by supporting food bank networks on six continents and other nonprofits focused on en

227、suring the worlds good food is used to nourish people and doesnt go to waste.We collaborate with others to expand collective impact by investing to scale solutions,catalyzing place-based approaches and sharing our expertise through our employees skills-based volunteerism.We also advocate for long-te

228、rm solutions to reduce hunger and food waste.For example,General Mills supports policies and initiatives to provide school meals for all students across the U.S.,such as the Hunger Free Schools Campaign in Minnesota,which successfully passed legislation in March 2023 making school meals free for all

229、 Minnesota students.Learn more about our public policy engagement to ensure people have access to nutritious and sufficient food.Increasing food access and food recovery capacity Our actions:We donate General Mills food and work with partners around the world including food banks and other anti-hung

230、er organizations to alleviate hunger,expand food access and build long-term community agency and resilience.We set a goal in 2019 to enable 30 billion meals for hungry people by 2030,together with our nonprofit impact partners.We exceeded that goal in 2022,and in 2023 we surpassed it by an additiona

231、l 24%in total,more than 40%above the targeted 30 billion meals.To ensure no good food goes to waste and that the worlds precious food is used to nourish people,we leverage our philanthropy as well as General Mills deep food system expertise to expand surplus food recovery across the industry.Our eff

232、orts and investments have resulted in grocery stores,restaurants,food distributors and thousands of other Alleviating hungerHelp food banks grow capacity for food recovery and redistributionn Donate General Mills food to food banks n Provide grants that strengthen food banks capacity to recover and

233、equitably distribute more food n Promote broad adoption of innovative food recovery systems that make it easy for food makers,grocers,restaurants,distributors,schools and others to donate foodSupport vibrant community food systems with equitable food accessn Partner with organizations that are addre

234、ssing racial disparities in food security n Support culturally specific,locally driven food solutions n Advocate for resources and policies to drive long-term systems-level solutions to end hungerStrengthen the reach and impact of school mealsn Support policies that provide school meals for all stud

235、ents across the U.S.n Increase food access among lower income populations in the U.S.by promoting participation in food and nutrition assistance programs among those who are eligibleHow we are supporting equitable food access and addressing racial disparities in food securityGENERAL MILLS GLOBAL RES

236、PONSIBILITY 20FOOD PLANET PEOPLE42.6 billion meals enabled worldwide by our food donations and philanthropic partners since 2019(including 7.13 billion meals in 2023)exceeding our goal to enable 30 billion meals for hungry people by 2030.businesses and food outlets around the globe gaining and adopt

237、ing systematic food recovery solutions so that their good surplus food can be used to nourish hungry people and not end up in landfills.Since food waste and loss occur from“farm-to-fork”and impact growers,families,communities,the environment and businesses,we engage with a wide variety of partners t

238、o advance positive change.We bring a systems lens and take a collective impact approach to the issue,working with nonprofit organizations around the globe.These activities include:n Expanding global knowledge and insights about the most scalable,high-impact solutions to food waste and loss n Strengt

239、hening the capacity,safety and efficiency of food banks worldwide n Investing and engaging to catalyze innovative new surplus food recovery solutionsResources saved by recovering food:Food recovery reduces GHG emissions by decreasing the amount of food sent to waste,while minimizing overall rates of

240、 food waste and loss can conserve precious natural resources like water and cropland.General Mills donated more than 55.2 million pounds of food in fiscal 2023.Based on the ReFED Insights Engine Impact Calculator,the impact of keeping that food out of landfills is equivalent to 9,377 passenger vehic

241、les driven for one year.Learn more in the Planet section of this report.*Through MealConnect and FareShare Go.What is food recovery?Also known as food rescue,food recovery is the practice of intercepting or gleaning good surplus food that would otherwise go to waste from places such as farms,restaur

242、ants,grocery stores,produce markets and dining facilities and redistributing that good food to nonprofit organizations that are working to ensure all community members are food secure.GENERAL MILLS GLOBAL RESPONSIBILITY 21FOOD PLANET PEOPLEGHG emissionsReducing food waste lowers these related impact

243、sLandfill inputsWater useCropland useMealConnect,created by Feeding America and funded by General Mills,is an innovative food recovery platform that makes it easy for food makers,grocers,restaurants,distributors,school cafeterias and trucking companies to efficiently donate surplus food.Since 2014,M

244、ealConnect has enabled billions of nourishing meals for food-insecure people,while helping food banks to expand from distributing primarily packaged food(retail store format)to also providing prepared meals from cafeterias,restaurants and other foodservice outlets.n 55,000+food businesses have donat

245、ed their surplus food through MealConnectn 60+food transport companies have adopted the platformn 5.5+billion pounds of food recovered,equal to 4.6+billion mealsScaling up food recovery and distribution 48 million meals enabled by donations of General Mills food worldwide during 2023.59,700+retailer

246、s and food service operators worldwide empowered to participate in systemic food rescue through our global investments in food recovery technology.*6 continents Food bank networks on six continents strengthened using support from General Mills grants.2023 PROGRESSFood access and recovery1 in 4 Black

247、 individuals 1 in 5 Native Americans*1 in 5 Hispanic individuals1 in 10 white individuals Racial disparities among individuals experiencing food insecurity:*Source:USDA,October 2023*Source:Food Insecurity Among American Indians and Alaska Natives Disproportionate impact of food insecurityWhat is foo

248、d security?Food security,as defined by the United Nations Committee on World Food Security,means that all people,at all times,have physical,social and economic access to sufficient,safe and nutritious food that meets their food preferences and dietary needs for an active and healthy life.Without eno

249、ugh nutritious food,people experience hunger the physical manifestation of food insecurity.Addressing racial disparities in food securityOur commitment to racial equity*:As part of General Mills commitment to advance equitable food access,we direct our philanthropy and align employee volunteerism to

250、 support food banks,anti-hunger and racial justice organizations that are working to close racial disparities in food security given its disproportionate impacts on communities of color.National partnerships:We are helping to improve racial equity in food access through partnerships with leading nat

251、ional anti-hunger organizations,including Feeding America,Food Research&Action Center(FRAC)and No Kid Hungry.Through our more than 40-year partnership with Feeding America,for example,we continue working to strengthen food bank capacity and disrupt disparities in food access across the U.S.Since 202

252、2,we have invested more than U.S.$500,000 to support Feeding Americas Equitable Food Access grants program,which combines support from multiple donors to help 40 network food banks provide nutritious food to people experiencing the highest rates of food insecurity,including individuals and household

253、s in communities of color and rural areas.Local partnerships:In our world headquarters community of Minneapolis,Minnesota,our local grants provided support to an ecosystem of more than 30 organizations since 2020 driving equitable food access solutions for low-income households and Black,Indigenous

254、and other people of color(BIPOC)who are disproportionately impacted by hunger and food insecurity.Learn more about how General Mills is advancing food access and,on page79,how we are strengthening equity in the Twin Cities(Minneapolis and St.Paul)through our grantmaking,partnerships and other initia

255、tives.*Commitment includes equitable food access,equity in education and equity in representation.General Mills supports the Northside Economic Opportunities Network(NEON)and its work to strengthen local food entrepreneurship through expansion of its food business incubator.By building and supportin

256、g a diverse,multicultural cohort and community of food entrepreneurs,NEON seeks to bring community vibrancy,locally grown development and wealth to North Minneapolis.Supporting BIPOC food entrepreneursr BIPOC food entrepreneurs showcase at General Mills.GENERAL MILLS GLOBAL RESPONSIBILITY 22FOOD PLA

257、NET PEOPLE84%of food security grantees in 2023 were focused on reducing racial disparities in household food security,as Black,Indigenous and other communities of color disproportionately experience hunger and food insecurity$13.2+million in charitable giving since June 2020 to nonprofits centered o

258、n promoting equitable food access*Includes grantees nationally(in the U.S.)and locally(in the Twin Cities metro area of Minneapolis and St.Paul,Minnesota)Targeting disparities*Increasing culturally connected foodsEquity and advocacy trainingLeveraging U.S.federal nutrition programsBIPOC food entrepr

259、eneurshipStrengthening equitable food retail Bringing food to less mobile and isolated community membersSourcing food from local BIPOC farmersCommunity-based partnerships and support to Native American and immigrant communitiesEQUITABLE FOOD ACCESSExpanding partnerships and strengthening organizatio

260、nal capacityStrategies our national and local food access partners are using to increase racial equity in food access:Alleviating child hunger To reduce child hunger around the world,we work with partners including food banks,school meal programs and other anti-hunger organizations in key markets ra

261、nging from Australia to Canada,the U.K.and U.S.to expand food security and build long-term resilience for the future.Recognizing that households with children are more likely to be food insecure,*our food access strategy includes support for community outreach programs that help families at risk of

262、hunger enroll in food and nutrition assistance programs,such the U.S.Supplemental Nutrition Assistance Program(SNAP).Since schools are powerful levers for increasing food and nutrition security among children,we also work to expand access to and participation in school meal programs.Healthy school m

263、eals for allTogether with our brands,GeneralMills has provided more than U.S.$10million in funding since 2016.Our brands also partner directly with No Kid Hungry.In October 2023,for example,our General Mills Big G cereal business contributed U.S.$255,000 which can help No Kid Hungry provide more tha

264、n 2.5 million meals*,including through the#BigG4Good campaign to raise awareness of the fact that one in five*kids in the U.S.are living with hunger.Partnering with No Kid HungryGeneral Mills supports the Healthy School Meals for All campaign to offer school breakfast and lunch in the U.S.at no char

265、ge to families,helping to ensure students get the nutrition they need to learn,grow and thrive.Learn more.Through our partnerships with Food Research and Action Center(FRAC)and Hunger Solutions,we support and celebrate the progress of the Healthy School Meals for All campaign,including passage of th

266、e Free School Meals for Kids legislation in Minnesota in 2023.Impacts of providing healthy school meals for all students include:*In 2022,more than 13 million children were living in food insecure households(1 in 5/13 million)and 1 in 7 individuals was at risk of hunger(13.5%/44 million).Source:USDA

267、 Report*Donations help support programs that feed kids;No Kid Hungry does not provide individual meals.Learn more at NoKidHungry.org/OneDollar*Source:USDA Reportr Cheerios has donated U.S.$100,000 to No Kid Hungry in support of their school breakfast work in California,Florida and Texas.GENERAL MILL

268、S GLOBAL RESPONSIBILITY 23FOOD PLANET PEOPLEReduces childhood hunger and food insecurityReduces school-food stigmaSpeeds up meal lines so students have more time to eat healthier foodsReduces school meal debt and the lunch shaming that stems from it Removes administrative burden so school staff can

269、focus on education Enhances learning and academic achievement10 million meals Our partnership with No Kid Hungry helps schools and communities across the U.S.get the resources they need to help kids access three healthy meals a day,every day.Our recent U.S.$1million investment can help NoKid Hungry

270、provide 10 million meals*to kids in communities across the U.S.Our approach:At General Mills,diverse and evolving consumer needs are at the center of our business.We include the voice of our consumers in every decision we make by understanding their needs,motivations,values and behaviors.We closely

271、monitor key food trends and macro forces that can drive changes in the way people eat and interact with our brands.Consumers increasingly indicate that they prefer to make sustainable choices as part of their buying decisions.To better understand how consumers are thinking about sustainability,our c

272、onsumer insights team partnered with Nielsen IQ to explore Nielsens Green Divide consumer segmentation research,which highlights how intentions and actions regarding sustainability vary across groups.These insights inform our understanding of how different types of consumers interpret sustainability

273、 and interact with our brands and product categories.We offer products to meet consumers personal nutrition preferences(see page 19 for details about our carb conscious,weight management,heart healthy and gluten-free options),new flavors and varieties,plant-based foods,and our leading natural,organi

274、c and pet food offerings.Highlighted here are a few examples of our varied product portfolio.Plant-based foodsConsumers seek plant-based foods for environmental,social and nutritional reasons.Our portfolio has long been substantially plant-based,with flour,breakfast cereals,snack bars,soups,and froz

275、en fruits and vegetables.We work both to ensure consumers know our products are plant-based and to grow the future of plant-based foods.More than 750 of our products are vegan,*including most Lrabar products,Annies fruit snacks and Annies Organic Vegan Mac.In the yogurt aisle,Oui by Yoplait offers d

276、airy-free varieties.Cascadian Farm brings plant-based protein to granola bars and frozen vegetable,grain and pulse blends.Through our business development and venture capital unit,301 INC,we invest in new brands poised to grow.This includes many that are plant-based,such as Rhythm,maker of nutrient-

277、dense snacks,and Everything Legendary,maker of plant-based burgers and grinds.We invest in plant-based alternatives as replacements for beef and fish,as well as plant-forward snacks and meal options.Learn more about our investments in food innovations on page 26.Natural and organicSince 2000,we have

278、 steadily expanded our natural and organic business to meet growing consumer demand and embed sustainability across our product portfolio.We offer a mix of certified organic cereals,frozen fruit and vegetables,snacks,meals and baking products.One in ten products in our North American portfolio is ce

279、rtified organic or made with organic ingredients.*Commitment to organic:Our longstanding commitment to organic foods sets General Mills apart.We believe that organic farming is better for people and the planet.Our support for continuous improvement in organic farming is part of our broader focus on

280、regenerative agriculture and the important role it plays in protecting the earths natural resources.*As of October 2023.*As of October 2023.Does not include pet food products.GENERAL MILLS GLOBAL RESPONSIBILITY 24FOOD PLANET PEOPLEr We introduced Muir Glen Organic Chili Starter in June 2023 and Anni

281、es Super Mac made with organic pasta,15 grams of protein and 6 grams of fiber per serving in September 2023.Diverse consumer needsr Nielsen IQs research informs our engagement with key consumer segments along their path to sustainable consumption.Source:Nielsen IQ 2023 Sustainability Report MANYFEW#

282、OF SUSTAINABLE ACTIONS TODAYLOWHIGHIMPORTANCE OF SUSTAINABILITYTODAYConsumers who have already embraced sustainable actionsSHORT TERMConsumers who recognize importance but need incentives or rationale to changeMEDIUM TO LONG TERMConsumers resistant to change who need education and removal of barrier

283、s to change1122334455EvangelistsMinimalistsSkepticsIdealistsHealthy me and planetOur commitment to organic farming is one of the ways were advancing regenerative agriculture on 1 million acres of farmland,with positive outcomes for soil health,biodiversity,climate,protection of natural resources and

284、 community resilience.By sourcing from organic farmers and partnering with groups like Xerces Society and Rodale Institute that empower those farmers to further implement regenerative principles,two of our organic brands Annies and Cascadian Farm have contributed 130,000 acres toward our regenerativ

285、e agriculture goal.Learn more about our approach to expanding regenerative agriculture in the Planet section of this report.While each of our natural and organic brands(see below)is unique,they all strive to accelerate regenerative principles and to advance leading-edge sustainability programs that

286、can be leveraged throughout General Mills.Natural pet foodBlue Buffalo is the most loved and trusted natural pet food brand in the U.S.*Blue Buffalo products are marked with the True Blue Promise to assure pet parents that meat is the first ingredient,with no poultry by-product meals,corn,wheat,soy,

287、artificial flavors or preservatives.The promise to“Love,feed and treat all dogs and cats like family”guides everything Blue Buffalo does from industry-leading standards for sourcing ingredients to state-of-the-art manufacturing facilities.Blue Buffalos Life Protection Formula dog food paved the way

288、in the humanization of pet food when the brand first launched it 20 years ago.Today,it remains a leading product and features proprietary LifeSource Bits,which contain a precise blend*Includes food for both humans and pets.Source:SPINS Nat/Org Multi Channel,52 weeks ending 1/28/2024.Our natural and

289、organic brands*Blue Buffalo Equity Survey L12M through August 2023.GENERAL MILLS GLOBAL RESPONSIBILITY 25FOOD PLANET PEOPLE#1 General Mills is the largest provider of natural and organic packaged food in the U.S.*To raise awareness about the benefits of organic food and the role of organic agricultu

290、re in protecting and regenerating the planets natural resources,we include information on our packaging and in our brand communications.We also support research to further advance organic agriculture and advocate for strong organic standards and legislation to build consumer confidence in organic fo

291、od choices.Organic:Beneficial for people and planetw Cascadian Farm has spent more than 50 years sourcing from organic farmers.Our packaging features butterfly and bee paths showing how organic is good for people and the planet.of vitamins,minerals and antioxidants carefully selected by veterinarian

292、s and animal nutritionists to help pets thrive.Because every pet is unique,Blue Buffalo offers a range of distinctive product lines to meet pet needs and pet parent preferences.Each line features formula variations like life stage,breed size and recipe.New in 2023 from Blue Buffalo:Dog food:We expan

293、ded our protein-packed Wilderness Premier Blend dry dog food this year to include a salmon flavor,available at pet specialty retailers,which offers a natural source of Omega 3 and 6 vitamins to support skin and coat health.We also expanded our limited-ingredient Basics dog food line to include a Sal

294、mon in Gravy Limited Ingredient Topper that delivers clean nutrition for sensitive pets designed to maximize taste and promote digestion.Cat food:We expanded the Tastefuls portfolio of real meat first and natural ingredient dry cat foods,wet cat foods in cans and convenient single-serve packs with n

295、ew Tastefuls Pures.Served in between meals as a snack or treat,or as a topper to enhance cats current dry or wet Tastefuls entres,Pures are made with five natural ingredients and twist-cap technology for perfect portioning and less mess.Treats:We expanded Blue Buffalos variety of soft,crunchy and me

296、aty treats with the launch of innovative,new treating options with natural ingredients.Examples include:BLUE BeneBars dog treats that support overall health by combining chicken and whole grains,nutrient-rich oils and antioxidant-boosting fruits in varieties specifically to support skin and coat,dig

297、estion or immune function.BLUE Dental Chews made with high-quality ingredients and a unique differentiated shape that has 50 nubs and grooves to provide a multitude of benefits,including plaque and tartar control,healthy teeth and gum support,and fresh breath.Investing in innovation that drives disr

298、uptive growthOur approach:Todays fast-changing food landscape requires rapid innovation and a steady stream of new ideas.General Mills has been a leader in food innovations throughout our history,dating back to advancements in milling technology more than 150 years ago.Our Gold Medal Ventures team i

299、nnovates outside of General Mills core platforms ensuring we maximize ways to partner with,learn from and grow with the external entrepreneurial marketplace.The Gold Medal Ventures team includes G-Works,our internal venture studio that is working to solve big consumer problems with new ideas;301 INC

300、,our external venture capital arm;and a new growth equity fund from Gold Medal Ventures which launched in November 2023.G-Works aims to solve big consumer problems in food through innovation by unleashing our inner entrepreneur to identify opportunities,develop breakthrough solutions,and support bra

301、nds using the scale and capabilities of General Mills to accelerate their growth.G-Works brands include Good Measure,a leader in blood-sugar friendly foods with a clinically proven portfolio of products that deliver nutritional needs without a taste tradeoff,and Carbe Diem pasta,which has fewer net

302、carbohydrates,fewer calories and more dietary fiber than leading brand pastas.301 INC partners with entrepreneurs to accelerate their growth by nurturing the skills of founders and providing access to a team of General Mills functional experts across marketing,sales,operations and R&D who serve as p

303、artners to the brand teams,helping them meet the evolving needs of consumers faster than ever.In 2023,we continued to grow our 301 INC portfolio and support for entrepreneurial brands,including our most recent investment,PitPat GPS trackers and activity monitors for dogs.This investment in pet techn

304、ology extends beyond the traditional food system,providing rich data insights about pet activity to meet pet owners demand for digital tools as part of the trend toward increasing humanization of pets in consumers lives and increased spending on pet care.Gold Medal Ventures growth equity fund focuse

305、s on acquiring and scaling up promising,early-stage food companies by providing the environment,resources and support they need to grow.In 2023,we acquired Fera Pets,Inc.,a veterinarian-led maker of pet supplements,as part of our growing focus on pet health.GENERAL MILLS GLOBAL RESPONSIBILITY 26FOOD

306、 PLANET PEOPLE301 INC partnersAs of December 2023,we have 11 partners.Our approach:At General Mills,we are committed to increasing transparency about our food.We recognize that our customers,consumers,investors,employees,regulators and other stakeholders all seek information about our products and p

307、rocesses.Wecontinue to increase transparency by providing information to key stakeholders when and where they need it.Learn more about how we engage with stakeholders to accelerate progress on social and environmental issues.Consumers want to know whats in their food,where it comes from and how it i

308、s prepared.They also want assurance that food has been grown and harvested in a responsible and sustainable manner that respects people,animals and the environment.A growing number of consumers seek products that have a positive impact on the environment and society.To help consumers learn more abou

309、t their food,we provide information in multiple ways on packages,through our company and brand websites,on our brands social media channels and on third-party sites,such as e-commerce and transparency platforms.In addition,we actively support public policy efforts to inform consumers and increase th

310、eir awareness about our products these efforts are detailed on the Public policy for the greater good page of our website.TransparencyIncreasing transparency about our food:Ingredients,processes and sustainabilityWe communicate to our investors on ESG-related topics through a variety of disclosures,

311、including our Global Responsibility Report,Proxy Report and CDP.We also engage on a broad array of sustainability topics through events like regenerative farm visits and ESG investor calls.We share information with our employees so they understand our sustainability commitments and their role in adv

312、ancing toward our targets.We provide action summaries for our brand teams detailing each of our top 10*brands linkages with our priority commitments reduction of greenhouse gas(GHG)emissions,advancing regenerative agriculture and increasing recyclability/reusability of packaging as well as meaningfu

313、l actions to support other commitments.Employees learn about our commitments in each of these 10 areas:As our retail and foodservice customers establish and track progress toward their own sustainability targets,they reach out to us for details.We share information about our strategy,product innovat

314、ions,ingredients,processes,packaging and sustainability,including commitments,collaboration and progress.We communicate with consumers about the food we make and how we make it,including ensuring that our ingredients are sourced sustainably and responsibly.We also provide nutrition information to he

315、lp consumers make informed dietary choices.InvestorsEmployeesCustomersConsumers*Brands prioritized based on size,growth and sustainability alignment.When shopping on Amazon,consumers see the Climate Pledge Friendly logo displayed with all Lrabar varieties containing chocolate,indicating they are Fai

316、r Trade Certified.The Climate Pledge Friendly badge lets consumers know products meet certain sustainability criteria.We are now working to expand this distinction to other General Mills products and brands and pursuing similar options with other retailers so sustainability-minded consumers are info

317、rmed when making buying decisions.GENERAL MILLS GLOBAL RESPONSIBILITY 27FOOD PLANET PEOPLEGHGGHG EMISSIONSSUSTAINABLE SOURCINGREGENERATIVE AGRICULTUREPACKAGINGFOOD WASTEHUMAN RIGHTSRENEWABLE ELECTRICITYANIMAL WELFAREZERO WASTE TO LANDFILLWATERProduct information We provide consumers with answers to

318、questions about our food at .Topics range from food ingredients to gluten-free products and product labeling.More than 120,000 users visited the website during fiscal 2023.In the U.S.,we provide product details through SmartLabel,an industry initiative that seeks to share digital product information

319、 with consumers.We also enroll products especially our organic products in the U.S.Non-GMO Project,a nonprofit organization that provides information to consumers and third-party verification for non-GMO*food and products.Nutrition and labelingOur approach:General Mills provides useful,fact-based in

320、formation on packages and websites to help consumers make informed dietary choices.All of our product packages display accurate nutrition labeling and follow relevant nutrition and health claim requirements as prescribed by regulations in the country of sale.Our commitment:As a member of the Interna

321、tional Food and Beverage Alliance(IFBA),General Mills has made a commitment to adopt a common global approach to nutrition information on packaging that includes,at minimum,the labeling of calories on front-of-pack.This initiative was implemented globally during 20142016 to inform consumers about sp

322、ecific product nutrition attributes.In countries with front-of-pack labelling requirements,we adhere exclusively to the local regulation.We also commit not to place any regulated health or nutrition claim on a product unless it meets the criteria set forth by the regulations in the country of sale.O

323、ur progress:Around the world,our product labeling meets local regulatory requirements while remaining consistent with our global approach.We are committed to ensuring our consumers have access to accurate product information in all markets where our products are sold,and in the evolving ways that co

324、nsumers shop.Examples of our compliance with local and regional guidelines include:n Australia 100%of our products display front-of-pack nutrition information,with a transition underway from the Australian Daily Intake Guide to declaring Health Star Rating(HSR),that provides an overall nutritional p

325、rofile of packaged foods.2023 PROGRESS*As of October 2023*Foods that do not contain bioengineered ingredients,also known as genetically modified organisms(GMOs).GENERAL MILLS GLOBAL RESPONSIBILITY 28FOOD PLANET PEOPLE360 topics covered on 1,800+More than 1,800 products listed on smartlabel.org*500 N

326、early 500 products enrolled in the U.S.Non-GMO Project*100%of our U.S.packaging contains updated date labeling to help reduce food waste.*In the U.S.,General Mills supports product labeling changes that help reduce food waste through clearer guidance for consumers about food shelf life.We have updat

327、ed all of our U.S.product packaging to comply with this voluntary date-labeling initiative that uses standard nomenclature to reduce consumer confusion.Learn more about General Mills food waste reduction efforts on page 20 and in the Planet section of this report.Date labelingn Brazil All General Mi

328、lls package information complies with local regulations.n China All General Mills package information complies with local regulations and includes the energy icon on the front of packaging.n Canada All General Mills package information complies with Health Canada and Canadian Food Inspection Agency

329、labeling requirements.n Europe All General Mills package information complies with European,UK and country-specific requirements.n Mexico All General Mills package information complies with local regulations and includes front-of-pack consumer information as directed by the Mexican Health Ministry.n

330、 United States The majority of our U.S.products feature front-of-package labeling through the Facts Up Front program.Ingredient sourcing We are committed to sustainable sourcing of the ingredients used in our products,and we regularly share information about our progress.For example,we disclose info

331、rmation about our purchase of Roundtable on Sustainable Palm Oil(RSPO)certified palm oil volumes on our website along with an updated list of all our palm oil suppliers down to the mill level to facilitate transparency and accountability in our extended supply chain.Details about our ingredients,how

332、 they are sourced and how we engage with farmers are included in the ingredient sourcing content in the Planet section of this report.To provide transparency about the way our ingredients are grown,we feature details on product packaging,including some of our Lrabar boxes,Annies macaroni and cheese

333、boxes and EPIC beef bars.Responsible marketing Our approach:When marketing our products to any consumer audience of any age,we present the qualities and advantages of our products truthfully,responsibly and with appropriate taste.We take special care with respect to child audiences.We believe that children should be encouraged to consume lower-calorie,nutrient-dense foods that support their growth