Kraft Heinz updated investors on sustainability – then its stock dipped
The company has a 2030 target to cut absolute emissions by 50%, but only managed a 1.5% drop in 2022.
The latest Kraft Heinz sustainability report shows the company is behind other food manufacturers on the emissions reduction journey: could this explain why its stock went down this week?
The US-based food company’s stock underperformed compared to competitors this week: its share price dipped by 0.88% to US$31.45 on October 19. Just a few days before on October 16, the Ketchup owner released its fifth sustainability report – with underwhelming results.
