NOMAD FOODS INCLUDED IN 2023 DOW JONES SUSTAINABILITY EUROPE INDEX FOR THIRD CONSECUTIVE YEAR

Nomad Foods included in 2023 Dow Jones Sustainability Europe Index for third consecutive year and retains top score in Health & Nutrition.

• Largest frozen food producer in Europe ranked in the top twenty percentile (globally) and as third highest ranked company in Europe, within the food product industry group
• The company also received a maximum score of 100 in Health & Nutrition for the fifth consecutive year

Nomad Foods Limited (NYSE: NOMD), Europe’s leading frozen food company, has today announced that it has been included in the annual Dow Jones Sustainability Europe Index (DJSI Europe) for the third consecutive year. Nomad Foods is also the third highest ranked company in Europe, within the food product industry group.

The frozen food manufacturer received a score of 55 out of 100, well above the global industry average of 35¹, with top scores of 100 in Health & Nutrition (for the fifth consecutive year) and Waste categories. In addition, Nomad Foods improved its score across five other areas including Occupational Health & Safety, Human Rights and Information Security / Cybersecurity.

Stéfan Descheemaeker, Nomad Foods’ Chief Executive Officer, said:

“Frozen food has many strong sustainability attributes and in line with our purpose, Serving the World with Better Food, we are committed to meeting consumer demand for affordable, nutritious food that tastes great, is sourced and produced responsibly and helps to reduce food waste. As the frozen category leader, continuous improvement is part of our DNA and inclusion in the Dow Jones Sustainability Europe Index is further evidence of the progress we are making. I am particularly pleased that we have retained our top score in Health & Nutrition, an area where our work is industry leading, with over 93% of our net sales in 2022 coming from products that are healthier meal choices.”

In its latest sustainability report, launched earlier this year, Nomad Foods highlighted how it continues to increase sales from products considered as healthier meal choices (HMC), with 93.3% of net sales in 2022 coming from HMC products. This translates to an increase of over €126 million, and a 1.8% increase on 2021.

The company has also had its carbon reduction targets approved by the Science Based Targets initiative, consistent with what is required to keep global warming to 1.5°C, the most ambitious goal of the Paris Climate Agreement. In addition, the Company is committed to the Business Ambition for 1.5°C campaign as well as the UN’s Race to Zero, underpinning the significant progress already made under its ‘Appetite for a Better World’ sustainability strategy.

Source

 ¹ Score as of December 12, 2023