Dairy Processing - September/October 2024 - 22

When it comes
to having formal,
measurable
reduction or
increase targets
in place for
initiatives, larger
processors lead
the industry. "
Marjorie Hellmer,
Cypress Research
Second-tier goals on the part of two-thirds of
participants were led by new product innovation
and improving customer service. When it came
to priorities regarding corporate environmental
sustainability policies, guidelines and practices,
67% of participants considered this important
or extremely important in the next five
years. However, when broken down, 81% of
respondents from larger processors reported
that sustainability is a priority in the next five
years, whereas only 58% of respondents from
smaller companies considered it a priority.
Respondents were asked if their
company has environmental sustainability
programming to help manage business risks
and opportunities. Approximately 80% of
respondents reported that their company
currently has a program in place or one
currently under development. The remaining
20% were split, with 10% reporting that their
companies are considering implementing
programming in the next 24 months, while
remaining respondents said their company had
no plans for such programming.
" When it comes to having formal,
measurable reduction or increase targets in
place for initiatives, larger processors lead the
industry, " Hellmer said.
In regard to employing senior personnel
whose primary function is to oversee the
company's environmental sustainability
programming, 53% of all respondents reported
that they employ such personnel. When broken
down by revenue, 83% of those with reported
annual revenue of $100 million-plus said they
currently have such personnel, whereas only
33% of respondents from companies with
reported annual revenue less than $100 million
answered in the affirmative.
" Small- and mid-size processing
professionals are significantly less likely to
report that their companies have dedicated
senior personnel whose primary function
is overseeing company environmental
sustainability initiatives, " Hellmer said.
MARKET DRIVERS
When exploring what drives dairy companies
to engage with and make investments in
environmental sustainability, there were two
primary factors reported by all respondents:
market and consumer demands, and
the company's business model
preference. Other drivers
included customer demands,
government regulations and
investor demands. Even when
broken down by revenue,
responses from smaller
and larger processors were
similar. Of the samples,
76% of larger processors
said consumer and market
demands were their top driver
for prioritizing sustainability,
while 67% percent of smaller
processors said the same.
Delving deeper
into sustainability
practices, respondents
22 SEP-OCT 2024 | DAIRYPROCESSING.COM
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Dairy Processing - September/October 2024

Table of Contents for the Digital Edition of Dairy Processing - September/October 2024

Dairy Processing - September/October 2024 - Intro
Dairy Processing - September/October 2024 - 1
Dairy Processing - September/October 2024 - 2
Dairy Processing - September/October 2024 - 3
Dairy Processing - September/October 2024 - 4
Dairy Processing - September/October 2024 - 5
Dairy Processing - September/October 2024 - 6
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