Performance Food Group Co

PFG is committed to advancing performance on key ESG issues. We not only strive to meet all environmental regulations and requirements at each of our locations and distribution centers, we are also dedicated to improving our ESG performance across our business and supply chain. PFG endeavors to preserve the environment, strengthen our social impact, and establish effective governance. In 2022, our goals framed our approach to ESG, and our dedicated ESG Executive Steering Committee and subcommittee working groups guided our strategy and actions. [...] The ESG Executive Steering Committee reports directly to the Nominating and Corporate Governance Committee of the PFG Board of Directors, which oversees our environmental strategies and programs, health and safety, corporate social responsibility, diversity and inclusion, corporate governance, sustainability, and other ESG matters. Management reviews PFG's strategies, practices, policies, initiatives, and public ESG disclosures with the Nominating and Corporate Governance Committee on a quarterly basis. [...] To support ESG initiatives, our cross-functional working groups also develop and manage our strategy. These groups include Supply Chain, Operations, Reporting and Culture, Engagement and Communications. Our ESG governance structure enables us to build on existing processes across the enterprise, gather information, engage stakeholders, and identify immediate and long-term fundamental risks and opportunities.

Our approach to ESG integration in 2021 was framed through a strengths-based strategic planning process with our dedicated ESG Executive Steering Committee and ESG subcommittee working groups. Transparency and Disclosure, Ingredient Transparency, Non-Foods and Associate Engagement & Wellbeing. The ESG Executive Steering Committee reports directly to the Nominating and Governance Committee of the PFG Board of Directors, which has oversight over environmental strategies and programs, health and safety, corporate social responsibility, diversity and inclusion, corporate governance, sustainability and other ESG matters. Management reviews PFG's strategies, practices, policies, initiatives and public ESG disclosures with the Nominating and Corporate Governance Committee on a quarterly basis. [...] Senior management reports on the progress on these goals to the Nominating and Corporate Governance Committee on a quarterly basis, ensuring Board oversight on key energy efficiency, renewable energy and carbon reduction initiatives.

To guide our ESG approach, we first created structural frameworks designed and approved by the Nominating and Corporate Governance Committee of the Board of Directors. This committee is composed entirely of independent directors and is responsible for overseeing compliance with our Code of Business Conduct and our environment, health and safety, corporate social responsibility, environmental, corporate governance and sustainability, ethics, and quality assurance programs and policies. [...] In addition, we developed a C-Suite ESG Executive Committee that consists of our Chief Financial Officer and our General Counsel, who meet with our ESG leaders and provide direction on our ESG efforts. They report directly to the Nominating and Corporate Governance Committee of the PFG Board of Directors, ensuring that our ESG endeavors remain aligned with our overarching corporate vision. Our ESG framework also includes cross-functional supporting work groups across our segments comprised of subject matter experts from Operations, Supply Chain, Reporting, Inclusion and Belonging, and Community Relations. The Committees meet regularly to review action plans intended to help us achieve the ESG goals specific to each area. [...] Our Nominating and Corporate Governance Committee of the PFG Board of Directors stands at the forefront of our ESG efforts. The Nominating and Corporate Governance Committee is composed entirely of independent directors and strives to ensure that our ESG endeavors, policies, and standards are aligned with our corporate vision and values. They are responsible for overseeing compliance with our Code of Business Conduct and our environment, health and safety, corporate social responsibility, human rights, environmental, corporate governance and sustainability, ethics, and quality assurance programs and policies, and they receive ESG progress reports on a quarterly basis. [...] PFG also has a dedicated senior-level resource that is responsible for daily ESG management and oversees a series of cross-functional ESG committees, including Operations, Supply Chain, Reporting, Diversity, Inclusion, Belonging, and Community. These committees meet regularly to review action plans that have been created to advance efforts intended to achieve our ESG goals specific to each area.

The ESG Executive Steering Committee reports directly to the Nominating and Governance Committee of the PFG Board of Directors, which has oversight over environmental strategies and programs, health and safety, corporate social responsibility, diversity and inclusion, corporate governance, sustainability and other ESG matters. Management reviews PFG's strategies, practices, policies, initiatives and public ESG disclosures with the Nominating and Corporate Governance Committee on a quarterly basis. [...] Senior management reports on the progress on these goals to the Nominating and Corporate Governance Committee on a quarterly basis, ensuring Board oversight on key energy efficiency, renewable energy and carbon reduction initiatives. [...] Our Board of Directors has given ESG oversight responsibility to our Nominating and Corporate Governance Committee. The committee provides direct guidance to the company's senior executives on the direction of our ESG strategy and helps to ensure that, in cases of particular risk exposure such as climate, there are active measures in place to mitigate those risks and ensure business continuity. [...] To ensure implementation of the necessary work needed to address these risks, PFG has set up an Executive ESG Steering Committee and several cross-functional working groups dedicated to the development and execution of strategies that will help advance our efforts to improve ESG performance and, more specifically, to mitigate climate risk. [...] The committee directly engaged in supporting efforts to identify and address climate risk is our Supply Chain and Operations Committee. This committee works to determine our baseline emissions, set our carbon reduction and renewable energy goals, assess our supply chain's ESG performance, and identify and address any other specific risks or concerns.

To guide our ESG approach, we first created structural frameworks designed and approved by the Nominating and Corporate Governance Committee of the Board of Directors. This committee is composed entirely of independent directors and is responsible for overseeing compliance with our Code of Business Conduct and our environment, health and safety, corporate social responsibility, environmental, corporate governance and sustainability, ethics, and quality assurance programs and policies. [...] In addition, we developed a C-Suite ESG Executive Committee that consists of our Chief Financial Officer and our General Counsel, who meet with our ESG leaders and provide direction on our ESG efforts. They report directly to the Nominating and Corporate Governance Committee of the PFG Board of Directors, ensuring that our ESG endeavors remain aligned with our overarching corporate vision. Our ESG framework also includes cross-functional supporting work groups across our segments comprised of subject matter experts from Operations, Supply Chain, Reporting, Inclusion and Belonging, and Community Relations. The Committees meet regularly to review action plans intended to help us achieve the ESG goals specific to each area. [...] The Nominating and Corporate Governance Committee is composed entirely of independent directors and strives to ensure that our ESG endeavors, policies, and standards are aligned with our corporate vision and values. They are responsible for overseeing compliance with our Code of Business Conduct and our environment, health and safety, corporate social responsibility, human rights, environmental, corporate governance and sustainability, ethics, and quality assurance programs and policies, and they receive ESG progress reports on a quarterly basis.

The ESG Executive Steering Committee reports directly to the Nominating and Corporate Governance Committee of the PFG Board of Directors, which oversees our environmental strategies and programs, health and safety, corporate social responsibility, diversity and inclusion, corporate governance, sustainability, and other ESG matters. Management reviews PFG's strategies, practices, policies, initiatives, and public ESG disclosures with the Nominating and Corporate Governance Committee on a quarterly basis. [...] In addition to our Board Committee, we have developed a C-suite ESG Executive Committee that consists of our Chief Financial Officer and Chief Legal Officer, who meet with our ESG leader and who provide direction on our ESG efforts. This includes ensuring that the ESG program has the resourcing and support needed to deliver on our ESG goals and strategies. [...] Our internal governance structure also oversees a series of cross-functional ESG committees that include Supply Chain, Operations, Reporting and Culture, Engagement and Communications. The committees meet regularly to establish goals, review action plans, and advance efforts intended to achieve the goals specific to each area.