Conagra Brands
Citizenship Report
2023

CONTENTS

ABOUT CONAGRA BRANDSGOOD FOODRESPONSIBLE SOURCINGBETTER PLANET

About Conagra Brands

3

From our President
and Chief Executive Officer

4

Conagra Brands at a Glance5

Conagra Brands Production Facilities

6

Citizenship Philosophy and Focus Areas

7

Highlights for Fiscal Year 2023

8

Setting Our Citizenship Strategy

9

Governance and Managementof our Citizenship Strategy

Stronger Communities

32

10

Corporate Ethics

33

Employee Health & Safety

33

27

Appendix48

Operational Sustainability

28

About this Report

49

Environmental Management282023 SASB Disclosure

51

Climate Change

29

Manufacturing Water Conservation

30

Task Force on Climate-Related
Financial Disclosures (TCFD) Index

53

Reducing Manufacturing Waste

31

Alignment of Conagra’s
Citizenship Topics with the
UN Sustainable Development Goals

54

Note on Forward Looking Statements

55

11Community Investment and Foundation

34

Food Safety

12Conagra Brands Total Giving
Fiscal Year 2023

35

Nutrition

14

Feeding America

36

Product Transparency

17

Nourish Our Community

38

Responsible Marketing to Children

18

Shine The Light On Hunger

40

Scholarships

40

Employee Giving

41

Month of Service

41

Diversity & Inclusion

42

How We Work to Foster
an Inclusive Workplace

44

Employee Resource Groups

46

Community Engagement47

19

Supplier Risk Management

20

Regenerative Agriculture

21

Mitigating Deforestation
and Preserving Biodiversity

23

Animal Welfare

25

Packaging Waste & Product Recovery

26

APPENDIX

Better Planet

Good Food

Responsible Sourcing

STRONGER COMMUNITIESCONAGRA BRANDS

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CONTENTS

ABOUT CONAGRA BRANDSGOOD FOODRESPONSIBLE SOURCINGBETTER PLANETSTRONGER COMMUNITIESAPPENDIX

Fall Harvest Salad with Birds Eye ®
Microwave Roasters Butternut Squash
and DAVID ® Pumpkin Seeds

From our President
and Chief Executive Officer

4

Conagra Brands at a Glance5

Conagra Brands
Production Facilities

6

Citizenship Philosophy
and Focus Areas

7

Highlights for
Fiscal Year 2023

8

Setting Our
Citizenship Strategy

9

Governance andManagement of our
Citizenship Strategy

10

About Conagra Brands
CONAGRA BRANDS

2023 CITIZENSHIP REPORT

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CONTENTS

ABOUT CONAGRA BRANDSGOOD FOODRESPONSIBLE SOURCINGBETTER PLANETSTRONGER COMMUNITIESAPPENDIX

From our President and Chief Executive Officer
At Conagra Brands, innovation is at the center of
all we do. That focus extends beyond making great
food, it also reflects our commitment to embracing
new solutions that positively impact our team, thecommunities we serve and the health of our planet.
Our six Timeless Values of Integrity, External Focus,
Broad-Mindedness, Agility, Leadership and Results
not only guide our efforts to deliver long-term
profitable growth and strong shareholder returns,
but also shape our responsible business practices.

In addition to advancing our responsible sourcing
practices, we are actively reducing energy usage,
minimizing waste, and preserving water resources
across our production facilities. In fiscal year 2023,
85% of the solid waste from Conagra’s facilities wasdiverted to more beneficial uses, including recycling,food donations, animal feed and soil improvement.
Additionally, our Oakdale, California location became
the second facility in our network to achieve TRUE
Zero Waste certification status.

In fiscal year 2023, we continued to make positive
strides across our four Citizenship pillars: Good
Food, Responsible Sourcing, Better Planet andStronger Communities. This framework helps us
focus our efforts on the topics that are the mostimpactful to our business and important to ourstakeholders, including our employees, customers,
consumers, shareholders and communities.

Conagra’s success is a testament to the collective
efforts of our remarkable team. Our eight Employee
Resource Groups play a central role in fostering our
inclusive culture. Throughout fiscal year 2023, thesegroups actively engaged thousands of employees
in more than 100 events to cultivate a sense ofcommunity, promote learning and drive positive
impact. I’ve always been humbled by our
employees’ desire to give back to their communities
and it was evident in their more than 11,000 hours ofvolunteer service this year. Our longstanding
partnership with Feeding America resulted in morethan 30,000,000 pounds of food donated, equivalent
to more than 25,000,000 meals.

Core to our business is making food that meetsthe evolving needs and expectations of consumers,
with an unwavering focus on safety and quality
throughout the manufacturing process. By
expanding our digitally connected supply chain andintegrating initiatives like Connected Shop Floor, wehave put real-time data in the hands of our frontline
employees to help quickly address any potential
issues and improve quality and performance. It’s thisseamless integration of technology and data-driven
insights that propels us forward.
Our dedication to upholding responsible supply
chain practices extends well beyond the production
floor. It begins at the farm, where we work closelywith our growers and industry partners to advanceregenerative agriculture practices that conserve
water, enhance biodiversity and promote soil health.
As our food makes its journey from farm to fork,
we also prioritize thoughtful packaging design;
approximately 93% of Conagra’s packaging
materials by volume were renewable, recyclable
or compostable.

As you read this year’s report, I hope you’ll feelthe respect and gratitude for our more than 18,000
employees who create our exceptional food with adedication to doing the right things and doing things
right. Thank you for joining us on this journey.

At Conagra Brands,
innovation is at the centerof all we do. That focus
extends beyond making
great food, it also reflects
our commitment toembracing new solutions
that positively impact our
team, the communities
we serve and the healthof our planet.

Sean M. Connolly
President and Chief Executive Officer

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CONTENTS

ABOUT CONAGRA BRANDSGOOD FOODRESPONSIBLE SOURCINGBETTER PLANETSTRONGER COMMUNITIESAPPENDIX

Conagra Brands at a Glance

Beefless Rice Skillet with Gardein®
Plant-Based Ground Be'f, Hunt's ®
Petite Diced Tomatoes and Birds Eye ®
Mixed Vegetables.

Brands Include3®

Employees1

Headquarters

Revenue2

Production Facilities

18,600 Chicago $12.3 B 4212
3

Approximately, as of May 28, 2023
Approximately, Fiscal Year 2023 Revenue
Visit conagrabrands.com for a full list of brands.
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ABOUT CONAGRA BRANDSGOOD FOODRESPONSIBLE SOURCINGBETTER PLANETSTRONGER COMMUNITIESAPPENDIX

Conagra Brands Production Facilities & Corporate Offices
Our headquarters is located in Chicago, Illinois. We also operate general offices, shared service centers, product development facilities, distribution facilities and warehouses.

● Richmond● KentCANADAWA

Boisbriand ●MN
Maple Grove ●CANE● Reno● Oakdale

Denver●●NV

Aurora● Menomonie

WI

MI

Mankato ●● Waseca
Imlay City ●Macomb ● ● Dresden
Beaver Dam ●Darien ●● ● Quincy
Milton ●Lakeview ●● Waterloo● Fennville ● Archbold
HQ: Chicago
Omaha
Council
Bluffs● Rensselaer●●
Lincoln ●●● TroyBrookstonFt.
Madison●Hagerstown●
Hamburg●●● Macon Indianapolis
Indy Bakery
Marshall ●St Elmo ●Centralia ●● Louisville

IA

OH

IL

IN

CO

Mississauga ●MO
Fayetteville ●OK Russellville ●
AR

PA

MD

KY

● Humboldt TN● Jackson

MEXICO● Irapuato
LEGEND● Corporate Offices● Production Facilities● Mexico City

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ABOUT CONAGRA BRANDSGOOD FOODRESPONSIBLE SOURCING

Citizenship Philosophy
and Focus Areas
At Conagra, we believe that good food is much
more than something we offer to our customers andconsumers. It is a reflection of our values, our visionand our culture. That is why we aim to make foodthat is not only delicious, but also safe, nutritious,
affordable, accessible, and convenient. We also
recognize that food shapes the world we live in,and the food we make is a reflection of our employees
and our relationships with farmers, suppliers,
customers and others. By fostering a culture ofcollaboration and innovation among our employees,
and by building strong partnerships beyond ourcompany, we are committed to making good foodfor generations to come, in a way that aligns with
our values and aspirations as a responsible
corporate citizen.
Our approach encompasses a wide range of topics
and is guided by four focus areas: Good Food,
Responsible Sourcing, Better Planet and Stronger
Communities. These strategic pillars define what
we aim to achieve through our Citizenship Strategy
as a leader in the food industry.
See the Additional Information in the Appendix of thisreport to learn more about our approach to certain key
focus areas.

BETTER PLANETSTRONGER COMMUNITIESAPPENDIX

Our Citizenship Strategy
GOOD FOOD
We are dedicated to making safe, delicious and nutritious foods
that fulfill the needs of modern consumers, while providing
consumers with access to the information they want and needto make informed decisions about what they eat.

RESPONSIBLE SOURCING
We approach the sourcing of ingredients and packaging materials
with care and consideration. We take into account the potential
environmental and social impacts of our products throughout
their lifecycle and seek to support circularity through regenerative
agriculture practices and thoughtful packaging design.

BETTER PLANET
We believe that responsible environmental practices are a key
ingredient for a healthy business. We are focused on lessening
the climate-related impacts of our business by reducing energyuse, protecting and managing water resources efficiently andminimizing or diverting waste for more beneficial uses.

STRONGER COMMUNITIESOur ambition is to be the most impactful, energized and inclusive
culture in food. Our team is driven by collaboration, innovation
and a desire to grow, and we support them with the tools theyneed to succeed and thrive in their careers. We also help fightthe issue of food insecurity in the communities where we live
and work through volunteerism, product donations andfinancial contributions.

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ABOUT CONAGRA BRANDSGOOD FOODRESPONSIBLE SOURCINGBETTER PLANETSTRONGER COMMUNITIESAPPENDIX

Highlights for Fiscal Year 2023
GOOD FOOD

BETTER PLANET

Approximately 70% of ourmeatless options, including thosefrom brands like Healthy Choice,®
Evol,® and Gardein,® are rated A or B
by Nutri-Score, an internationallyrecognized metric that evaluates
the nutrition of vegan andvegetarian products.

85% of the solid waste generated
at all our production facilities
was diverted to more beneficial
uses through recycling, productdonations to bolster food supplies
at area food banks, use as animal
feed, or land applications toimprove soil quality.

RESPONSIBLE SOURCINGSTRONGER COMMUNITIESWe collaborate with growers and industry groups to advanceregenerative agriculture in their supply chains. Key achievements infiscal 2023 include:• We donated more than 30,000,000 pounds of food to
the Feeding America and its network of food banks, whichis equivalent to more than 25,000,000 meals.

• 100% of popcorn seeds were grown using winter cover crops,
which prevent soil erosion, retain nutrients, conserve moistureand guard against soil compaction.

• Our employees volunteered
more than 11,000 hours at 190
unique nonprofit agencies tocombat food insecurity, improve
nutrition and increase access tohealthy foods.

• In California, tomato farmers employed drip irrigation on 98%of their fields, reducing water use by nearly 15% compared to
traditional furrow systems.
• We partnered with suppliers to transport raw
tomatoes to our Oakdale, California production
facility via Renewable Natural Gas trucks,
avoiding over 18,000 metric tons of
CO² emissions during the 2023 freshpack season, when harvesting andproduction occurs.

• Our eight Employee Resource
Groups (ERGs) engaged
thousands of employees
in over 100 events.
All numbers are approximate. For more
information on how we calculate theseestimates, please see Additional Informationin the Appendix to this report.
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ABOUT CONAGRA BRANDSGOOD FOODRESPONSIBLE SOURCINGBETTER PLANETSTRONGER COMMUNITIESAPPENDIX

Setting Our Citizenship Strategy
Our Citizenship Strategy is rooted in a holistic viewof what topics that have the most impact on ourbusiness stakeholders and footprint, and is influenced
by our current strategic plan as well as an annual
review of stakeholder dialogues. We periodicallyconduct a priority analysis with an eye on how ouractivities impact our business, stakeholders andglobal priorities such as the UN Sustainable
Development Goals. Through this analysis, we haveidentified priority topics across our four strategicpillars: Better Planet, Good Food, Responsible
Sourcing and Stronger Communities. See the
Appendix to this report for more information about
how our priorities align with the UN Sustainability
Development Goals.

Food Safety
Corporate Ethics
Health & Nutrition
Occupational Safety
Climate Change
Supplier Code of Conduct

Conagra Brands Priorities

Relative priority of corporate citizenship topics
Product Transparency

SIGNIFICANCE TO STAKEHOLDERS

Packaging
Sustainable Sourcing
Diversity & Inclusion

Manufacturing Water Use
Manufacturing Waste
Food Policy
Culture & Workplace

Deforestation
Animal Welfare

Environmental Compliance

Employee Health & Wellness

Community Impacts & Philanthropy

Good Food
Responsible Sourcing
Better Planet
Stronger Communities

Transportation & Logistics
IMPORTANTSTRATEGICCRITICALSIGNIFICANCE TO CONAGRA’ S BUSINESS STRATEGY AND IMPACTCONAGRA BRANDS

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ABOUT CONAGRA BRANDSGOOD FOODRESPONSIBLE SOURCINGBETTER PLANETSTRONGER COMMUNITIESAPPENDIX

Governance and Management of our Citizenship Strategy
Corporate GovernanceThe business of Conagra Brands is managed under
the oversight of our Board of Directors, which iselected by our stockholders. Our Board performs its
responsibilities in a manner consistent with soundgovernance practices. The Board has delegatedcertain aspects of its work to three standing
committees, each of which is comprised solely of
independent directors: an Audit/Finance Committee,a Human Resources Committee and a Nominating andCorporate Governance Committee. The charter foreach committee can be viewed on our website, alongwith certain of the company’s corporate governancedocuments, including our Code of Conduct andCorporate Governance Principles.

Citizenship Strategy
Board Oversight
The Board oversees our Citizenship Strategy
across all four of our strategic pillars of Good Food,
Responsible Sourcing, Better Planet and Stronger
Communities, both directly and through its standing
committees. The Board and its committees review our
Citizenship Strategy on a regular basis and receive
updates from management on our initiatives, risks
and progress toward our goals. Our Nominating andCorporate Governance Committee reviews our overall
Citizenship Strategy. This responsibility includes
oversight of significant risks that may, in the opinionof the Committee, affect the company’s reputation,business and stockholder value such as supply chain
risk, environmental and climate sustainability, andcommunity engagement. Our Human Resources
Committee reviews our approach to fostering a cultureof diversity and inclusion, as well as our managementof talent acquisition, employee safety, health andwellness and our corporate culture. Our Audit/FinanceCommittee reviews cybersecurity, regulatory andcompliance risk from environmental matters (including
climate change, greenhouse gas emissions andenergy use) and related disclosure, in addition
to the company’s overall enterprise risk
management program.
The Chair of each standing committee reports tothe full Board following every meeting and the full
Board also receives periodic updates directly frommanagement on many of these topics, including
Food Safety, oversight of which is considered a full
Board responsibility.

Sustainability Citizenship
Strategy Management
Conagra’s Senior Leadership Team has executive-level
oversight of all topics across the four strategic pillarsof our Citizenship Strategy. Our Chief Communications
Officer, Co-Chief Operating Officer and Chief Supply
Chain Officer serve as executive sponsors of ourSustainability Steering Committee, a cross-functionalteam including leaders from our business units,
and functional leaders from legal, investor relations,
R&D, demand science, procurement, operations andsales. The Sustainability Steering Committee meets
biannually, with climate change, packaging waste,agriculture, water and waste forums meeting
more frequently to drive progress on initiatives.
The Senior Leadership Team provides regular reports
to the Board and its standing committees on aspectsof our Citizenship Strategy and how we are identifying,assessing and managing risks related to thosematters.

D&I Citizenship
Strategy Management

Community Investment Citizenship
Strategy Management

At Conagra, management has instituted acomprehensive, business-led approach to diversity
and inclusion. Our D&I Leadership Council iscomprised of our full Senior Leadership Team andmembers of our D&I team. The Council drives
accountability and execution of our initiatives whilemeasuring and assessing our performance.

The Conagra Brands Foundation is responsible
for leading a significant portion of the community
investment and philanthropic activities of Conagra
Brands. Our philanthropic focus includes a strategic
grantmaking program aimed at addressing foodinsecurity in the communities where our employees
live and work. The Foundation also facilitates an
employee giving program and empowers employees
to direct company philanthropy toward the causes
they care about through both matching gifts and a“dollars for doers” program that enables employees todirect Conagra’s giving to the nonprofit organizationsof their choice based on their volunteer hours. The
Foundation also oversees scholarships for childrenof Conagra employees and an employee relief fund.

The Council meets quarterly to evaluate progressand collaborate with our three D&I Task Forces,
who are represented by employees at all levels andresponsible for developing multi-year strategies tonurture belonging.
Because we believe that diversity and inclusion, inalignment with our business strategy, will support thecreation of long-term value for shareholders, the fiscal
year 2023 annual incentive plan included supportingthe company’s approach to diversity and inclusion as
a component of the overall performance assessment
process as part of the individual performance modifier
for senior leaders.

The Conagra Brands Foundation has been established
as an independent entity, structured as a separate
501(c)(3) organization under the US federal tax code
as a private foundation. Its bylaws establish the rules
and procedures by which the Foundation operates aswell as the rights and powers of its board of directors
and officers. The Foundation’s board of directors
are selected by our Chief Executive Officer andhas oversight across the Foundation’s programs.

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ABOUT CONAGRA BRANDSGOOD FOODRESPONSIBLE SOURCINGBETTER PLANETSTRONGER COMMUNITIESAPPENDIX

Food Safety

12

Nutrition

14

Product Transparency

17

Responsible Marketing
to Children

18Good Food
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ABOUT CONAGRA BRANDSGOOD FOODRESPONSIBLE SOURCINGBETTER PLANETSTRONGER COMMUNITIESAPPENDIX

Food Safety
Food Safety Culture
Food safety is ingrained in the culture of Conagra
Brands, as we recognize that making food that ourconsumers can safely enjoy is the responsibility of
everyone at the company, from leaders to frontline
teams. We encourage engagement of all employees inbuilding a food safety culture – and strive to promoteand demonstrate a culture of integrity and continuous
improvement within the entire organization andbeyond by fostering an environment where people
are empowered to maintain high standards and take
immediate action in the event of a food safety issue.

Our food safety teams are comprisedof subject matter experts who
provide functional leadership on
all matters related to food safety
and quality, including:• Food safety, quality and regulatory
requirements for production anddistribution

Food Safety, Quality & Regulatory
Affairs Teams• Supplier food safety and quality

Conagra Brands has dedicated Food Safety, Quality& Regulatory Affairs (FSQRA) teams that are focusedon maintaining the integrity of our food – beginningwith sourcing ingredients that meet our standards
all the way through preparation and delivery to
our customers and consumers. In fiscal 2024,
we undertook a company-wide reorganization of
our quality function so that the quality assurance
managers at our facilities report directly into our
FSQRA organization. As part of this reorganization,in fiscal 2024, we added resources to our FSQRA
organization to help enable the reorganization andenhance food safety and quality company-wide.

• Sanitation

Conagra has invested in employee technical expertise,analytical and microbiological labs, and third-party
reviews that enhance our scientific and technicalcapabilities to drive continuous improvement.
We understand the importance of remaining current
on the latest industry and regulatory insights including
market incidents, changes to food safety legislation
and regulations, new technology and analyticaladvances. This diligent monitoring increases ourawareness and understanding of potential risks
and enriches our food safety culture.

• Consumer affairs• Allergens• Microbiology, toxicology and chemistry• Thermal processing• Religious and other specific certification(Kosher, Halal, gluten free)• Engineering• Foreign material contamination• Auditing

Food Safety in Our
Production Facilities
100% of Conagra production facilities have completed
Global Food Safety Initiative (GFSI)-recognizedcertification. We have dedicated teams embedded
within the FSQRA organization that are each
responsible for a specific production platformto proactively audit internal facilities.

Oversight of Supplier and
Co-Manufacturing Food Safety
Outside of the company, we work closely with our
suppliers to maintain the high standards of food safety
and quality that we expect for our ingredients andproducts. Our suppliers use an accredited certificationbody to audit their compliance with GFSI standards
annually. Approximately 95% of our direct suppliers
have completed GFSI-recognized certification.
Our Supplier Quality and Co-Manufacturing
Quality teams manage our relationships with
suppliers and co-manufacturers to facilitate
a comprehensive approach to safety andquality. By utilizing a quality management
system, we can effectively create andmanage supplier issues and audit
findings. This collaborative approachpromotes transparency and continuous
improvement in the food safety practicesof our suppliers and co-manufacturers.

Food Safety Council
We engage outside experts to help
us continually improve our foodsafety and quality programs. For
example, Conagra maintains a
Food Safety Council comprised ofexternal experts who provide input
on our food safety policies andpractices and advise us on new andemerging food safety practices. The
Council’s members are recognizedin the industry and regulatorycommunity for their expertise in
specific food safety disciplines
such as food science, microbiology,
public health and public policy.

100%of Conagra production facilities havecompleted Global Food Safety Initiative(GFSI)-recognized certification.

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ABOUT CONAGRA BRANDSGOOD FOOD

Modernization and Technology
We seek out innovative solutions to modernize foodsafety practices throughout our operations. Our foodsafety program utilizes data (e.g., KPIs, analysis,
quality reports, internal and external audits, consumer,
customer and employee feedback, internal reports
and training records) to enable informed, consistentdecision-making and verify complianceand consistency with our food safety expectations,plans and operational procedures. Communication
also plays an important role in our food safety
program and utilize many different channels fromformal training, videos, and informational signage
to mentoring and best practice sharing during shift
huddles and team meetings.
We have continued to invest in new technologies tohelp us operate more efficiently and effectively tocontinue to deliver safe and high-quality products,
including making technology investments in our
production facilities by adding x-rays to mitigate
foreign material and label scanning to confirm correct
packaging. An additional focus has been improving
our ability to access and utilize data to drive better
communication across our operations and supply
chain. Our continued transition to digital records
will increase our data analysis capabilities toinform real-time decisions, which enhance
our product safety and quality program.
Additionally, our ongoing Connected
Shop Floor initiative, which is
one component of our digitally

Conagra’s RISE (Reduce
Incidents Sustain
Excellence) program
encourages frontline
workers to submit projectideas that improve foodsafety and quality at theirindividual facilities.

RESPONSIBLE SOURCINGBETTER PLANETSTRONGER COMMUNITIES

connected supply chain infrastructure, includes
increased production, line connectivity, materials
efficiency and performance management across our
production facilities. This initiative includes installationof sensors in our equipment to feed real-time data into
the cloud to drive quality and identify potential losses
to reduce waste. Also as part of this initiative, we haveequipped many of our frontline workers with tablets
to facilitate real-time communication on the shop
floor, and enabled them to leverage data analytics andimage processing tools.

Training and Recognition
Conagra requires all of its production employees andtheir leaders to participate in a comprehensive foodsafety training program that runs over the course ofa year. This program was updated in fiscal 2023 toprovide interactive content and new monthly courses,
with regularly updated content
through online andinstructor
lead

APPENDIX

training sessions. These sessions are designed toeducate and engage employees on critical topics
related to food safety across the company. Training
topics include foreign material control and prevention,
allergen management and good production practices,such as wearing the right personal protective
equipment, following the correct hand washingprocedure, and the proper operation, cleaningand sanitizing of all machines and food handlingequipment. In addition, Conagra is developing our
FSQRA Academy to continuously evolve our training
programs that extend across the entire supply
chain organization.
Celebrating our employees’ vigilance and commitment
to food safety helps to mitigate hazards in the pursuitof continuous improvement. Conagra’s RISE (Reduce
Incidents Sustain Excellence) program encourages
frontline workers to submit project ideas that improve
food safety and quality at their individual facilities.
RISE recognizes the proactivity of ourfrontline employees and winning
projects are honored withawards, distributed
quarterly andannually.

Commitment to Timely andEffective Recall Procedures
In the rare event that our food does not meet ourhigh standards for regulatory compliance, quality
assurance or food safety, we have defined protocols
to guide us in addressing these situations. Whenappropriate, we take prompt marketplace action withour customers and appropriate regulatory agencies
to remove impacted product from commerce toprotect the public. We quickly deploy resources
to our facilities in the event of a food safety event
to identify and develop corrective actions, and wereview learnings from food safety events and share
best practices across our facilities to facilitatecontinuous improvement of our food safety programs.
Additionally, we take a proactive approach with our
co-manufacturing partners and suppliers to foster
strong, supportive and collaborative relationships tobuild trust as well as a commitment to food safety.
All of our facilities that produce and handle foodconduct mock recalls for ingredients, finished goods
and packaging at least once per year so that we areable to quickly and accurately identify and control
such materials in the event of a food safety issue.
This practice allows us to challenge and improve our
traceability procedures, so that in the event of a foodsafety incident, we are well-positioned to identify andcontrol the impacted product. We also require our
key suppliers and co-manufacturers to conduct
similar mock recalls, further strengthening
our collective commitment to productsafety. For additional Food Safety
metrics, please refer to our
Sustainability AccountingStandards Board(SASB) disclosure.

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ABOUT CONAGRA BRANDSGOOD FOOD

Nutrition
Conagra Brands innovates to deliver foods withnutritional benefits that meet today’s consumer
expectations.

WITHIN OUR HOLISTIC
NUTRITION PLATFORM, WE
FOCUS ON FOUR PILLARS:

Healthy Eating Patterns

Sustainable Nutrition

Access To Healthy Food

Personal Health
Goals

RESPONSIBLE SOURCINGBETTER PLANETSTRONGER COMMUNITIESAPPENDIX

Healthy Eating Patterns
Nutrition research shows that efforts to encourage
people to adopt better eating habits cannot focus
solely on nutrients. Instead, such efforts should
promote healthier eating patterns including a variety
of food groups. We understand that many consumers
are seeking more foods that they trust to help themachieve their health and wellness goals, and we
provide options to help them meet their needs.
Whole vegetables, whole grain popcorn and frozen
meals that deliver vegetables, whole grains and quality
protein make up most of our portfolio. Brands like
Birds Eye,® with its innovative frozen vegetable options
for consumers and Healthy Choice,® the largest
healthy brand in the market, exemplify our healthy
diet patterns strategy. In particular, the Healthy Choice
Power Bowl® products feature modern flavors withunique nutrient-dense vegetables and whole grains.
Consumed by approximately 20 million households
annually, Healthy Choice meals make meaningful
impacts to consumers’ eating patterns.
In their most recent 2022 assessment, Access to
Nutrition Initiative (ATNI) evaluated the nutrient qualityof our products along with the products of 10 otherlarge US food companies using the rigorous HealthStar rating system. Conagra Brands ranked #1 inpercent of sales from healthier products and remained#1 in the Product Profile assessment. Conagra has
held the top ranking in the product profile assessment
since 2018. We are proud to provide consumers withconvenient choices that contribute positively
to healthier eating patterns.

Vegan Gyros with Gardein® Plant-Based Meatballs

Sustainable Nutrition
At Conagra Brands, we believe that a sustainable foodsystem supports human as well as planetary health.
Conagra recognizes the definition of sustainable dietsendorsed by the Food and Agriculture Organization(FAO) of the United Nations, which takes into
consideration nutrition and health, cultural context,
and social and environmental impacts.
Encouraging a greater proportion of plant-based foods
and preventing food waste are key facets of the FAO
sustainable diets definition. Plant-based offerings
are a significant part of our business, and comprised
81% of all ingredients by volume that we procured infiscal year 2023. Our Gardein® brand of vegan plantbased proteins generated more than $160 million inretail sales in fiscal year 2023. Our line of Gardein
products utilizes 100% plant-based ingredients andallows vegans, vegetarians and flexitarians to enjoy
high quality protein from plant-based foods. To meetthe needs of these consumers, in fiscal year 2023, we
continued to innovate in this space. Gardein Ultimate
Plant-Based® Saus’ge Links and Plant-BasedBreakfast Saus’ge offer plant-based alternatives toanimal-based sausage with 13-16 grams of protein perserving. In addition, we introduced Gardein Ultimate
Plant-Based Chick’n Spicy Filets, which include 24
grams of protein per serving and offer a plant-basedalternative for the #1 in-home animal protein.

Supplying essential vitamins, minerals and plant
protein, Birds Eye is our biggest brand and generated
more than $1.5 billion in retail sales in fiscal year
2023. Providing consumers with frozen vegetables
as an alternative to fresh vegetables allows forlonger storage and may help prevent food waste by
consumers. In fiscal year 2023, Birds Eye continued
to innovate with new sides like Steamfresh Cheddar
Cheese Rice & Broccoli and Zesty Marinara Rigatoni &Vegetable. These dishes feature flavorful combinations
and offer 3/4 to one cup of vegetables per serving.
We also utilize Nutri-Score, an internationallyrecognized metric, to assess the nutrition of products
in our vegan and vegetarian portfolio. Our threshold forvegan and vegetarian meals and meat replacements
to meet our sustainable nutrition standards is a
Nutri-Score A or a B, the top two preferable scoreson Nutri-Score’s A to E value scale which evaluatesfood positively for higher fruit, vegetable, fiber andprotein content and negatively for higher simple
sugars, saturated fats and salt content. Currently,
approximately 70% of our vegan and vegetarian meals
and meat alternatives, including options from our
Healthy Choice, Evol and Gardein brands, are rated
A or B by Nutri-Score.
1		T he % Daily Value tells you how much a nutrient in a serving of foodcontributes to a daily diet. 2,000 Calories a day is used for general
nutrition advice.

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Personal
Health Goals

Roasted Tomato Marinara Sauce with
Hunt's ® Stewed Tomatoes with Basil,
Garlic and Oregano

Access to Healthy Food
We strive to increase access to healthy food. By
working with government agencies, retailers and foodservice customers, we actively bring visibility to foods
that meet the criteria for federal nutrition programs,
such as Women, Infants and Children (WIC) and Child
Nutrition Programs. By doing so, we help families havegreater access to healthier foods.
WIC has been successfully improving the healthoutcomes of low-income pregnant women and young
children for more than 50 years. We work with every
participating state to identify WIC-eligible SKUs in our
portfolio, further improving access to healthful options
like beans and vegetables. As of the end of fiscal
year 2023, we have more than 350 SKUs included onstates’ WIC-approved product lists, enabling accessto eligible foods that otherwise would not be available
for WIC shoppers. Birds Eye® frozen vegetables,
Hunt’s® and Rotel® tomatoes and Rosarita® beans are
just a few examples of Conagra products that provide
nutrition and economic value to WIC participants.

Promoting healthy vegetables in channels, like
discount retail, that are accessible to all income levels
and geographies is one strategy that may increase
vegetable consumption. Discount retail stores havebecome a primary shopping location for consumers
in areas that have historically been food deserts.
According to the research published in the American
Journal of Public Health, dollar stores are the fastestgrowing food retailers by household expenditure share(increasing by 89.7%), with rural growth outpacing
growth elsewhere (increasing by 102.9%).1 In fiscal
year 2023, Conagra partnered with Dollar General ina promotion that featured nutrient content claims on
shelf tags for our frozen vegetables, which correlated
to increased purchases of these nutrient dense
products by Dollar General customers.
Sodium reduction in foods remains a major publichealth initiative, as underscored by FDA’s 2022
Voluntary Sodium Reduction Guidance and the2022 White House Conference on Hunger, Nutrition
and Health. Conagra has a track record of sodium

Food has become an integral
part of health maintenancefor many consumers.
To support diverse healthneeds, consumers adhere to
numerous personal nutrition
goals and protocols. We
are developing foods thatalign to popular dietary
patterns such as keto, lowcarb, vegan, vegetarian,no added sugar and heart
health. For example, for our
Healthy Choice products,
our food design framework
includes nutrient guardrails
that our food scientists
and chefs adhere to whencreating recipes intended todeliver the identified nutrition
attributes.
reduction, having previously reached a pledge for a
portfolio-wide 20% reduction by 2015. In fiscal year
2023, we embarked on a new initiative, reducing
sodium by an average of 15% in over 200 consumer
products, including Banquet,® Marie Callender’s,® and
Hungry Man® meals, Birds Eye sauced and seasoned
vegetables, Vlasic® pickles, Wishbone® salad dressing,and Orville Redenbacher’s® popcorn. Our intention
for fiscal year 2024 is to achieve a similar reduction
across more than 400 additional
consumer products in our frozen,
snacks and staples domains. Our
approach to sodium reduction, as
informed by science, is to gradually
reduce sodium in our products
to continue to meet consumer
expectations for delicious flavor.
1
		Dollar Stores and Food Access for Rural
Households in the United States, 2008–2020| AJPH | Vol. 113 Issue 3

These attributes come to life in products like Healthy
Choice single-serve meals that meet the regulated
definition of Healthy and provide lower carbohydrate,
no added sugars, gluten free and heart-healthy
options. Our innovative grain free, lower carbohydrate
Healthy Choice Power Bowls are a top choice for
consumers seeking specific attributes through whole,
recognizable vegetable and protein ingredients. In
fiscal 2023, we introduced two new seafood meals,
providing a convenient way to meet theDietary Guidelines’ recommendation
to eat more fish. Birds Eye products
also help consumers meet their healthgoals. The Birds Eye Veggies & Grains
bowls have been designed to provide
more than 10 essential nutrients per
serving. These options help offer
more choices for consumers trying tobalance healthfulness with the desire forconvenience and enjoyment.

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ABOUT CONAGRA BRANDSGOOD FOODRESPONSIBLE SOURCINGBETTER PLANETSTRONGER COMMUNITIESAPPENDIX

Product Assessments
In June of 2022, we began piloting a data partnershipwith HowGood, an independent research company
with one of the world’s largest ingredient sustainability
databases. Our work with HowGood focuses on selectbrands in our portfolio and utilizes the HowGood platform
to assess the environmental and social impact and otherattributes of the ingredients used in Conagra products
based on data from hundreds of third-party scientificand peer-reviewed studies. In 2023, we’ve expanded
our portfolio assessment to include 700+ products
across 18 brands.

HIGHLIGHTS FROM HOWGOODASSESSMENTS1 OF CONAGRAPRODUCTS
Blake’s® Old Fashioned Mac and Cheese qualified
for HowGood’s “Water Smart” attribute, meaning thisproduct’s ingredients use less water to grow than 80% of
all other food products assessed by HowGood.

WHITE HOUSE CONFERENCE ON HUNGER,NUTRITION AND HEALTH
On September 28, 2022, President Biden hosted thefirst White House Conference on Hunger, Nutrition and
Health in over 50 years. The conference’s primary goal
was to unite Americans to collectively combat hunger,
promote nutritious eating and encourage physicalactivity, with the aim of reducing the prevalence of
diet-related illnesses like diabetes, obesity and heartdisease by 2030. These conditions currently rank
among the foremost causes of mortality and disability
in the United States.
Conagra Brands took a collaborative approach withteams from Community Investment, Research &Development, and Nutrition & Health working together
to submit public comments aimed at developing aroadmap to help end hunger and improve nutrition
by 2030. The cross-functional effort advocatedfor possible solutions toward achieving the statedobjective. In support of the White House’s goal of
making it easier for everyone to access affordable
food, we advocated for the inclusivity of healthfulfoods in all temperature states and forms being
available to all in need of food assistance (i.e., fresh,
refrigerated, frozen, dried or canned). We believe foodin all temperature states could provide individuals andfamilies seeking food assistance with convenience,ease of preparation, storage options, prolonged shelflife, reasonable cost, increased availability and equal
nutritional value.

Angie’s BOOMCHICKAPOP® Sweet & Salty Kettle
Corn seven ounce Popcorn achieved HowGood’s“Climate Friendly” attribute, meaning this product isestimated to have a lower ingredientcarbon footprint than 70% of foodproducts assessed by HowGood.
Birds Eye® Steamfresh Long
Grain White Rice with Frozen
Mixed Vegetables scored a “Great”
HowGood impact rating, meaning
the ingredients in this product havean environmental and social impact
in the top 10% of food products
assessed by HowGood.
1		A ll percentages are out of more than 280,000
food products assessed by HowGood. For
more information on HowGood’s ratings andattributes, please visit Product Sustainability
Rating Methodology | Water Smart Attribute |Climate Friendly Attribute | Latis Help Center(howgood.com)

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ABOUT CONAGRA BRANDSGOOD FOODRESPONSIBLE SOURCINGBETTER PLANETSTRONGER COMMUNITIESAPPENDIX

Product Transparency
Conagra is committed toproviding access to theinformation consumers want
and need to make informed
decisions about what they eat.

Conagra closely monitors allergen management trends
and other food safety risks and works to minimize
potential impacts. We follow Good Manufacturing
Practices (GMPs) and thoroughly clean our equipment
after using allergen-containing ingredients.

SmartLabel

Gluten-Free Products

SmartLabel leverages
mobile technology to provide
consumers with easy accessto product information– detailed nutritional
information, ingredientdefinitions, bioengineered
status, allergens, ingredientcertifications such as
USDA organic and NonGMO Project Verified (astandard promulgated by the
NonGMO Project), and manyother product attributes,
as well as associatedmanufacturing practices like
waste, energy and water
use reduction. Currently, we
have approximately 6,400
pages live for more than
3,000 unique products on
smartlabel.org.

Our portfolio offers options for consumers looking
for gluten-free foods, including Udi’s® and Glutino®
bread, snacks, pizza and baking mixes. According
to FDA labeling rules, any foods bearing a “Gluten
Free” claim must contain less than 20 ppm (parts per
million) gluten. In compliance with the FDA’s defined
standard for gluten content, Conagra only uses the“Gluten Free” claim on a food after implementing
comprehensive testing protocols, including
ingredient reviews, facility suitability and overall
product composition.

Genetically Modified Ingredients
Many of our brands offer Non-GMO Project-Verified
products, including Hunt's® tomatoes, PAM® cooking
spray, and Alexia® frozen foods. Conagra fully
supports, and is in compliance with, the National
Bioengineered Food Disclosure Law, which requires
food companies to disclose certain information about
genetically modified ingredients.

Natural Product Claims

Allergen Labeling
The Food Allergen Labeling and Consumer Protection
Act requires food manufacturers to clearly indicate
when they’ve used one of nine major allergens: milk,
eggs, fish, crustacean shellfish, peanuts, tree nuts,
wheat, sesame and soy. For any branded foods that
contain one of these allergens, we include a plain
language “Contains” statement below the ingredientstatement. For products sold outside the U.S., welabel our products to meet any additional allergen
disclosure requirements, such as for mustard in
Canada. Some of our food packages might feature
a precautionary “May Contain” statement.

Conagra Brands has implemented an internal Natural
Council, which is responsible for carefully reviewing
all proposed natural claims for Conagra’s products.
Comprised of cross-functional team members from
Conagra’s Legal, Product Development, Labeling andFood Safety, Quality & Regulatory Affairs departments,
the Natural Council verifies that all Conagra products
featuring a natural claim meet the applicable U.S. laws
and regulations and the company’s requirements forsuch claims.1 These requirements were developed,
and are updated as necessary, to be consistent with
the USDA’s Natural Policy and the FDA’s guidelines
for natural claims. All Conagra products with anatural claim at a minimum do not contain artificial
or synthetic ingredients, artificial flavors or colors,
and are not preserved through the use of chemicalpreservatives.
1		To the extent any Conagra Brands products bearing a natural claim
are sold or distributed outside the U.S., this statement is not intended
to provide any assurances by Conagra Brands as to the compliance ofthe natural claim with any applicable laws or regulations of the country
where the products will be sold or distributed.

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ABOUT CONAGRA BRANDSGOOD FOODRESPONSIBLE SOURCINGBETTER PLANETSTRONGER COMMUNITIESAPPENDIX

Responsible Marketing to Children
Since 2007, Conagra has participated in the Children’s
Food and Beverage Advertising Initiative (CFBAI) of
the Council of Better Business Bureaus (BBB). We
adhere to CFBAI’s criteria, including that advertised
foods contribute important food groups: fruits,
vegetables, non/low-fat dairy, whole grains, key
nutrients, or some combination of these components.
CFBAI’s criteria also set standards that limit calories,
saturated fat, sodium and added sugars.
To further enhance our practice to only market tochildren responsibly, Conagra also abides by theguidelines established by the Children’s Advertising
Unit (CARU) of the BBB. CARU’s standards areintended to promote child directed marketing thatis not deceptive, unfair or inappropriate, taking into
account the unique vulnerabilities of a younger
audience. CARU’s guidelines do not allow, among
other things, claims that unduly exploit a child’s
imagination or sales pressure techniques that createa sense of urgency.

OUR CFBAI-CONFORMING
PRACTICES INCLUDE:• Commits that all advertising primarily directed tochildren under age 13 will be for foods that meet
CFBAI’s Category-Specific Uniform Nutrition
Criteria.1• Not seeking product placements in children’s
programming.
• Not running advertising primarily directed tochildren under six years of age in TV, radio, print
or online, including websites, online games, DVDsand other video formats, mobile apps and word of
mouth platforms.
• Not advertising our foods to children in elementary
schools, pre-K through 7th grade, even foods thatmeet CFBAI’s nutrition criteria. This commitment
applies to the entire school, its facilities andgrounds, and covers the entire school day,whenever children are under the supervision of
the school or third parties on behalf of the school.

1
		
CFBAI has evolved over the years to
respond to changes in the children’s
advertising landscape. The most recent
update was made in May 2022 andrevised the advertising coverage of the
program from “advertising primarily
directed to children under age 12”
to “advertising primarily directed tochildren under age 13.” This update was
implemented on January 1, 2023.

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ABOUT CONAGRA BRANDSGOOD FOODRESPONSIBLE SOURCINGBETTER PLANETSTRONGER COMMUNITIESAPPENDIX

Supplier Risk Management

20

Regenerative Agriculture

21

Mitigating Deforestation
and Preserving Biodiversity

23

Animal Welfare

25

Packaging Waste& Product Recovery

26

Responsible
Sourcing
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ABOUT CONAGRA BRANDSGOOD FOODRESPONSIBLE SOURCINGBETTER PLANETSTRONGER COMMUNITIESAPPENDIX

Supplier Risk Management
Conagra’s Code of Conduct for Suppliers applies
across the board to all of our direct suppliers andcovers legal compliance with workplace and humanrights in accordance with the UN Guiding Principles
on Business and Human Rights, the International
Bill of Human Rights and the principles concerning
fundamental rights set out in the International Labour
Organization’s Declaration on Fundamental Principles
and Rights at Work. Our Code of Conduct for
Suppliers also covers animal welfare; health, safety
and the environment; ethical dealings; monitoring

Supplier Excellence Program –Priority Ingredients and Packaging
Materials

and record keeping; nondiscrimination; no forced orcompulsory labor; no child labor; immigration law
compliance; freedom of association; no deforestation;and other areas. Conagra Brands requires its suppliers
to continue to make progress to reduce environmental
impacts of their operations such as deforestation,
greenhouse gas emissions and waste generation;
protect water resources through restorative orconservation efforts; support social needs inthe communities in which they operate throughphilanthropic investment, diversity and inclusion,
human rights practices; and support sustainability andtraceability efforts of goods and services throughout
their supply chains, including agriculture.
Each requirement within our Code of Conduct for
Suppliers must be met and supported by appropriate
documentation. We maintain full rights to inspectfacilities and review applicable documentation
to confirm compliance. Our Code of Conduct for
Suppliers also specifies that our suppliers must takereasonable actions to verify that their suppliers andsubcontractors are in compliance with our Code of
Conduct for Suppliers. We provide guidance to our
suppliers regarding subcontracting and require themto replicate our requirements all the way down their
supply chains.
Conagra Brands uses a rigorous due diligenceprocess to confirm that we have appropriate
documentation regarding new suppliers and thematerials we purchase from them. This includes, but
is not limited to, spec sheets, allergen information,
conflicts of interest disclosures, third-party audits andcountry of manufacture statements.
We actively monitor our direct suppliers on an ongoingbasis for controversies or situations that could
potentially cause a supply interruption, and we have
implemented additional risk management processes
for high-volume suppliers and suppliers of priority
ingredients and packaging materials that may present
heightened risks. Our practices include:

Conagra Brands leverages a Supplier Excellence
Program for additional risk management for suppliers
that are most significant to our Citizenship Strategy.

Tier 1 Supplier Risk Management
Our Supplier Quality and Risk teams review all
materials to be purchased, where those materials
come from, the audit results from our third-party
controversy monitoring provider, proposed final
use of the material and other information about thematerial or supplier. The Supplier Quality team also
reviews new suppliers’ conformance with specificexpectations set forth in our Supplier Expectations
Manual. Our Risk team’s due diligence screens include
global criteria related to human rights, business ethics
and governance and environmental compliance.

As part of our Supplier Excellence Program,
Conagra assesses key suppliers at least annuallyon their supply chain risk-related performanceand disclosure. Metrics that we review include thesupplier’s publicly available reporting, policies andcommitments that address sustainability risks specificto the supplier’s industry, and initiatives addressing
climate change, packaging waste, agriculture, water,
waste, diversity and inclusion and human rights. The
annual sustainability assessment is supplemented byquarterly performance discussions and risk analyses,
and we work in partnership with our suppliers toaddress any issues or gaps. We recognize top
performing suppliers at our Supplier Excellence
Summit, with awards to recognize suppliers who
represent industry best practices in Sustainability
and Diversity & Inclusion. Winners are chosen fromamong the highest-rated suppliers according to ourrisk assessment.

Dedicated procurement staff provide on-going support
to each direct supplier via periodic touchpoints todiscuss any sustainability developments or otherissues that might arise.

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ABOUT CONAGRA BRANDSGOOD FOODRESPONSIBLE SOURCINGBETTER PLANETSTRONGER COMMUNITIESAPPENDIX

Regenerative Agriculture
In line with our Citizenship Strategy, Conagra works with growers and industry groups to progress regenerative agriculture
in our supply chains – starting at the farm. By implementing practices that prioritize soil health, our growers work to rebuild
soil organic matter, increase water infiltration and enhance nutrient cycling. These practices can help lead to more resilient
agricultural systems that can better withstand climate impacts such as droughts, floods and extreme weather events.

Carrots, Peas, Sweet Corn and Green Beans
Conagra’s carrots, peas, sweet corn and green bean
crops are all grown in the U.S. from a network offarms. Our midwestern Birds Eye® farmers continue to
implement farming practices that save water, support
biodiversity and improve soil health. We have invested
in technology in the fields to monitor the plants’nutrient needs using real-time data. This allows us
to sync harvesting with our production schedule sothat our vegetables are picked at peak ripeness andtransported directly to our plants that are ready toreceive, wash and freeze them within a few hours.
Regenerative agriculture is a key component in ourfarm management plans. Our farmers complete a
GAP survey to minimize environmental risks within
Conagra’s supply chain and maximize environmental
benefits through confirmed actions such as a land use
risk assessment, traceability to each production area
and a farm water quality assessment. As part of the
GAP program and individual farm management plans,
these farmers:• Support soil health through crop rotation,
planting cover crops and minimizing tillage(plowing) to reduce erosion• Reduce water consumption through advanced
irrigation techniques like in-field sensors andrecycling water where possible• Reduce the amount of herbicides needed bystrategically following soybeans, sweet corn,
alfalfa, small grain, and potatoes with sweetcorn in our crop rotation, which has avoided theneed for over 8,700 gallons of post-emergenceherbicide since 2021
• Reduce the amount of pesticides needed bystrategically following potatoes with carrots in
our crop rotation. Since 2021, this practice has
avoided the need for 145,000 gallons of soil
fumigants to be applied on fields• Filter water runoff and preserve ecosystembiodiversity through on-farm conservation buffers–small areas of vegetation or strips of land
• Support healthy pollinator populations byaccessing bee habitat data via resources such as
FieldWatch, a non-profit academic collaborativethat promotes communication between
crop growers and beekeepers in support ofstewardship and responsible use of agricultural
inputs. Birds Eye growers located adjacent torivers and lakes also plant erosion-reducing bufferzones with perennial crops such as clover, which
provide food for pollinators.

• Reduce fertilizer application by implementing
the use of variable rate fertilizer application
technology and application of nitrogen as needed

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ABOUT CONAGRA BRANDSGOOD FOODRESPONSIBLE SOURCINGBETTER PLANETSTRONGER COMMUNITIESTomatoes

Popcorn

Our tomato farmers in California apply pesticides
and herbicides directly to the plant’s base throughbanded application, which reduces the amount ofsoil that receives pesticides or herbicides, and our
agricultural operation specialists estimate that thispractice reduces the volume of chemicals applied byapproximately 75%, compared to typical broadcast
application practices.1

In fiscal year 2023, Conagra worked withapproximately 165 growers across the midwestern
United States to source popcorn for our Angie’s
BOOMCHICKAPOP,® ACT II,® Orville Redenbacher’s,®
Crunch ‘n Munch,® Poppycock® and Fiddle Faddle®
products. To reduce their environmental impact, ourcontracted popcorn growers implement regenerative
practices to improve soil health, reduce the risk ofchemical runoff and decrease the number of fertilizers
and pesticide applications needed in their fields.
These practices include:

Our tomato farmers in California utilize drip irrigation
on 98% of their field acreage and our agriculturalexperts estimate that this practice reduces overallwater use by nearly 15% compared to traditional
furrow irrigation systems. Conagra partners with
suppliers to transport raw tomatoes to our Oakdale,
Calif. production facility in Renewable Natural Gas
trucks, which our supplier estimates avoided morethan 18,000 metric tons of CO² emissions in the 2023
fresh pack season.
Through our cover crop investment program, we areworking with our tomato growers to increase covercrop adoption in California. This agricultural practiceaims to improve overall soil health and improve theresiliency of our supply. Cover crops are an integral
part of regenerative agriculture, as they can provide
environmental benefits including protection against
erosion, improved water holding capacity, weed
suppression and nutrient recycling. In fiscal 2024, we
aim to expand the number of participating acres andassess the practice’s impact on soil health.
1		W hen weather and field conditions don't allow for banded application,
farmers may use traditional broadcast pesticide application on rareoccasions.

• Cover Crops: 100% of popcorn seed is grown on
fields utilizing winter cover crops to help prevent
soil erosion, hold nutrients in place in the soil,
conserve soil moisture and protect against soil
compaction.

APPENDIX

Reducing Waste and Supporting
Circularity in Agriculture
In addition, Conagra utilizes manufacturing processes
designed to reduce water, waste and energy use
at our production facilities. Our Hunt’s® tomato
production facility in Oakdale, Calif. cleans andrecycles water used to process tomatoes into farm
irrigation water, supporting conservation throughout
the supply chain and regeneration of local watersheds.
Our Birds Eye® facility in Waseca, Minn. upcycles
byproducts from peas, sweet corn and rice production
into local livestock feed or fertilizer. This facility also
recycles water used to clean and process vegetables
back into irrigation water to grow food for animals.

• Crop Rotation: By rotating soybean and popcorn
crops, we estimate that our growers avoided
applying over 350,000 lbs. of nitrogen to theirfields in fiscal year 2023.
• Conservation Tillage: In 2023, about 35,000
acres across our network implemented
conservation tillage or no-till systems, meaningsome of the previous season’s crop residue is left
on the land to prevent soil erosion and runoff.
• Routine Monitoring: Almost all growers
conduct regular field scouting for weeds, insects
and diseases as part of their integrated pest
management plans to avoid unnecessary chemical
applications.

IN FISCAL YEAR 2023, CONAGRA
WORKED WITH APPROXIMATELY
165 POPCORN GROWERS ACROSS
THE MIDWESTERN UNITED STATESCONAGRA BRANDS

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ABOUT CONAGRA BRANDSGOOD FOODRESPONSIBLE SOURCINGBETTER PLANETSTRONGER COMMUNITIESAPPENDIX

Mitigating Deforestation
and Preserving Biodiversity
Deforestation-Linked Commodities
As part of our ongoing Citizenship Strategy, Conagra
is dedicated to mitigating deforestation risk in ouroperations and supply chains for critical primarydeforestation-linked commodities in line with the
Accountability Framework initiative (AFi) framework.1
This summary outlines our efforts and progress
towards achieving a no-deforestation footprint forthese commodities.
Strategy: Conagra’s no-deforestation strategy isfocused on beef, palm oil, soy, cocoa and timber
products used for product packaging, which wehave identified as critical primary deforestationlinked commodities.2 Our Code of Conduct for
Suppliers specifies that we will not source certain
commodities from areas designated as high risk for
deforestation.3 We seek to do business with suppliers
who have eliminated deforestation activities fromtheir operations or supply chain or who have madecommitments to eliminate deforestation activities
from their operations or supply chain by 2025,
which include commitments for reforestation andagroforestry efforts to support biodiversity. Conagra’s
no-deforestation strategy strives to achieve nodeforestation sourcing in alignment with AFi principles
across these identified critical primary deforestationlinked commodities by December 31, 2025.
Approach: In fiscal 2023, we took significant steps
forward by implementing stricter no-deforestation
compliance criteria. These measures align our
approach closely with the AFi principles andprovide clear guidance for achieving supply chainsin agriculture and forestry that are derived fromno-deforestation areas. Additionally, we remaincommitted to preserving other natural ecosystems
and upholding human rights.
We leverage resources from Proforest and Consumer
Goods Forum Forest Positive Coalition when making

supplier compliance assessments. Our assessment
evaluates our supply based on three no deforestation
compliance criteria:

TRACEABLE TO LOW-RISK
ORIGIN
Volumes traced to regions classified as low risk for
deforestation according to reputable third-party
industry sources such as the World Wildlife Fund,the Global Canopy, and the Tropical Forest Alliance.
We utilize the material-specific country of origin
and the country of manufacturing provided by our
suppliers for this analysis.

CERTIFICATIONS WITH NO
DEFORESTATION COMPONENT
Volumes verified through third-party auditing undercertification programs utilized by our suppliers or
us that have no deforestation components, suchas Forest Stewardship Council (FSC) and Sustainable
Forestry Initiative Chain of Custody (SFI) for timber
products, and Roundtable on Sustainable Palm
Oil (RSPO).

SUPPLIER NO-DEFORESTATIONCOMMITMENT
Volumes sourced from suppliers who have madea commitment to eliminate deforestation from theiroperations or supply chain by 2025.
1		C onagra aligns with the AFi framework and its definition of deforestation:
loss of natural forest as a result of: 1) conversion to agriculture or othernon-forest land use; 2) conversion to a tree plantation; or 3) severe andsustained degradation. Loss of natural forest that meets this definition
is considered to be deforestation regardless of whether or not it is legal.
For more information on AFi guidance, see Accountability Framework.
2		S ee Appendix for Additional Information.
3		C onagra utilizes resources such as CDP’s list of high-risk areas based onreports by World Wildlife Fund, Forest 500 (a Global Canopy Project), andthe Tropical Forest Alliance.

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ABOUT CONAGRA BRANDSGOOD FOODRESPONSIBLE SOURCINGBETTER PLANETSTRONGER COMMUNITIESAssessment Results and Fiscal Year 2023 Progress
SOY4

FY23 No Deforestation
Compliance Assessment

We recognize the impact of soy production on
deforestation and are actively working to address
this issue in our supply chain. In fiscal 2023, 97% of
our soy buy by volume was traced back to countriesof origin identified as low-risk for deforestation.

81% Traceable to low-risk origin
15% Chain of custody certified orsourced Mass Balance certified

PALM OIL 5

1% Supplier 2025 no deforestationcommitment and/or reporting

We understand the environmental impacts
associated with palm oil production, including
deforestation and habitat destruction. Since 2022,
100% of our palm oil buy by volume has beenverified by RSPO mass balance certification which
includes tracing origins to the mill level for palm oil,and to the plantation level for palm kernel oil.

3% Not compliant
97%
Deforestation
Free

COCOA6
Commodity-Specific Highlights

1

BEEF2
As part of our Citizenship Strategy, we are focusedon reducing the deforestation impact of beef in our
supply chain. In fiscal year 2023, 96% of our beef
buy by volume was traceable back to countriesof origin identified as low-risk for deforestation,
including regions of the United States and Canada.

TIMBER3
Our no deforestation approach also extends tothe timber used in our packaging materials andother manufacturing processes. 100% of ourtimber buy by volume was traceable back to a
country of manufacturing identified as low-risk for
deforestation. Some of our suppliers also maintainaccurate and active certifications under programs
that have no deforestation components, such as
FSC and SFI.

Although cocoa only represents approximately
2% of our fiscal 2023 critical primary deforestationlinked commodities buy by volume, we recognize
the impact of our purchasing decisions on our
broader transition to a no-deforestation supply
chain and, in 2023, we updated our no-deforestation
compliance criteria for cocoa to require suppliercommitments to eliminate deforestation by 2025.
In fiscal 2023, 61% of our cocoa buy by volume
was traceable to suppliers that have publicly
shared a 2025 no-deforestation commitment.

APPENDIX

Supporting Measures
to Prevent Overfishing
Since 2020, Conagra Brands has utilized theinternationally recognized Marine StewardshipCouncil (MSC) and The Global Seafood Alliance’s Best
Aquaculture Practices (BAP) certification programs
to bring certified responsibly-sourced seafood options
to consumers and encourage awareness of protecting
marine ecosystems. These third-party certifications
recognize wild-caught and farm-raised seafood
suppliers for their responsible fishing practices
and drive improvementsin the industry througheducation, advocacy,and demonstration.
99% of Conagra Brands’
seafood buy by volume7 was
third-party certified, either via
MSC or BAP certification.
7		Percentage based on assessedvolumes directly sourced, meaningpurchased by us for use as aningredient for products manufactured
in our facilities. See Appendix for
Additional Information.

1		A ll percentages based on assessed volumes directly sourced, meaningpurchased by us for use as an ingredient for products manufactured
in our facilities, excluding private label and foodservice products.
See Appendix for Additional Information.
2		Cattle products including fresh, frozen, cooked and Kosher.
3		
Timber used in primary, secondary and tertiary packaging.
4		S oy includes soy, lecithin, soy flour, soybean oil, and soy protein
products, excluding soy embedded in manufactured components.
5		Palm, palm kernel, and all blended oils.
6		C ocoa powder and chocolate excluding cocoa embedded
in manufactured components.

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ABOUT CONAGRA BRANDSGOOD FOODRESPONSIBLE SOURCINGBETTER PLANETSTRONGER COMMUNITIESAPPENDIX

Animal Welfare
In fiscal year 2023, Conagra’s total ingredient buy
by volume was approximately 81% plant-based, 7%
dairy and eggs and 12% animal proteins.1 We believe
in aligning our business practices to contribute toimprovement of the welfare of animals in our supply
chain. During 2023, we engaged with key stakeholders
on animal welfare issues that are relevant to our
supply chain. In fiscal year 2024, we adopted ourAnimal Welfare Position Statement to outline our
guiding principles, strategy and practices in thisregard. For the animal-based ingredients we source,
Conagra strives to partner with suppliers who share
our values and agree to standards consistent with
our Animal Welfare Position Statement, specifically,
the five freedoms of animal welfare.
Where noted below, Conagra has adopted additionalcommodity-specific policies, goals and standards forresponsible animal housing and stewardship. To help
us refine our approach to supporting the well-beingof animals in our supply chain, we are forming an
Animal Welfare Advisory Committee (AWAC) toreview the relevance and effectiveness of our current
commodity-specific animal welfare standards for our
suppliers. The AWAC will consist of representatives
from various stakeholders who will provide us
with external perspective on a variety of animal
welfare matters, such as the evolving standards andregulations the care and treatment of animals and theavailability of technology to improve welfare goals
and objectives. More information about animal
welfare practices tied to our products canbe found in the Additional Information in
the Appendix to this report.

Water Scarcity Risk

Commodity-Specific Highlights

2

BEEF AND DAIRY3

PORK3

In fiscal 2023, approximately 85% of our beef buy
by volume was sourced from suppliers that are
members of the U.S. Roundtable on Sustainable
Beef and/or Global Roundtable for Sustainable
Beef. In fiscal year 2023, Conagra Brands sourced
dairy products primarily from the U.S., where
major dairy suppliers adhere to the National Dairy
Farmers Assuring Responsible Management
program that establishes dairy animal welfare
management standards for the dairy industry,
which include animal care, facility management
and continuing education. The program utilizes
third-party evaluators that certify that standards
are being followed on the farm.

Conagra Brands supports the development ofpregnant sow housing alternatives and eliminating
the unnecessary use of gestation crates. As a next
step in our ongoing commitment, we aim to source
100% of our pork from supply chains that use only
open pen gestation systems5 by fiscal year 2026
(which ends May 2026). To reach this goal within
three fiscal years, we are aiming to source at least
30% open pen pork by the end of fiscal year 2024,
and 60% by the end of fiscal year 2025. Thesebenchmarks, which are subject to availability ofsupply, provide a guide for us as we move toward
our goal, and we will provide updates on ouractual progress via our annual Citizenship Report
starting with our fiscal year 2024 report.

CAGE FREE EGGS3
In fiscal year 2023, approximately 64% of ouregg buy by volume was sourced from cage freesystems. We expect to directly source 100% cage
free eggs by the end of fiscal year 2024, earlier
than our original goal to directly source 100% cage
free eggs by 2025.

As we move toward our longer-term goal of fully
eliminating the use of gestation crates, we willcontinue to collaborate across our value chain
to help drive progress.

BROILER CHICKENS3
100% of our broiler chicken buy by volume wassourced from suppliers who have committed to
the five freedoms of animal welfare.4

We monitor sourcing water risks
through a periodic assessmentof the water risk level of theorigins of selected ingredientsusing the WRI Aqueductglobal water risk mapping
tool. World Resources
Institute (WRI) is a
global nonprofit
organization thatworks with leaders
in government,
business and civilsociety to research,
design and carry out
practical solutions
that simultaneously
improve people’s
lives and support
nature. WRI updates its
framework and mapping
tool from time to time toprovide more granular data, newindicators and improved tool function.
1		Percentage based on assessed volumes directly sourced, meaningpurchased by us for use as an ingredient for products manufactured
in our facilities. See Appendix for Additional Information.
2		Percentages based on assessed volumes directly sourced, meaningpurchased by us for use as an ingredient for products manufactured
in our facilities, excluding private label and foodservice products.
See Appendix for Additional Information.
3
		
See Appendix for Additional Information.
4		
H aving engaged with our stakeholders on our broiler welfare chicken
standards, in 2023, we engaged with our suppliers to align on the five
freedoms for improving animal welfare in our supply chain. In 2024, weplan to continue to explore best practices in broiler chicken welfare,
informed by guidance from our new Animal Welfare Advisory Committee
being formed in 2024.
5
		
“Open pen gestation system” means that sows are kept in gestationcrates for no more than 4–6 weeks of each pregnancy and are thenmoved to a pen with sufficient space to move freely.

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ABOUT CONAGRA BRANDSGOOD FOODRESPONSIBLE SOURCINGBETTER PLANETSTRONGER COMMUNITIESAPPENDIX

Packaging Waste & Product Recovery
Packaging serves a critical role in maintaining bothfood freshness and safety, but waste from plastic
packaging is a growing concern. Conagra’s dedication
to innovation extends to the packaging we use andwe are seeking to reduce waste derived from our
packaging through thoughtful design and by using
renewable and more readily recyclable or compostablematerials. Conagra’s strategy to minimize packaging
waste and support product recovery is focusedon improving packaging design in ways that allow
consumers to recycle via various recycling systems
to help keep more of our packaging out of waste
streams and support a closed loop recovery system.
In fiscal year 2023, approximately 93% of Conagra’s
packaging materials by sourced volume met ourrenewable, recyclable or compostable by 2025
sustainable packaging goal success metrics, equal
to our fiscal year 2022 reported progress.1 Movement
toward responsible packaging design and adoptionof alternative materials as part of our efforts to meetour 2025 goal has been impacted in part by recent
industry-wide shortages of materials integral to
our packaging waste reduction research anddevelopment program.

to work collectively toward scalable solutions tailoredto the unique needs and challenges within the U.S.
landscape, through vital knowledge sharing andcoordinated action.
By joining the U.S. Plastics pact, Conagra, withindustry-wide partners, is helping the industry tocollectively improve on four ambitious packaging
material improvement and product recovery targets
described below.2

1. Define a list of packaging to be
designated as problematic or
unnecessary by 2021 and takemeasures to eliminate themby 2025.
2. By 2025, all plastic packaging
is 100% reusable, recyclable
or compostable.

U.S. Plastics Pact
Conagra is proud to be part of the U.S. Plastic Pact,a collaborative led by The Recycling Partnershipand World Wildlife Fund (WWF), launched as partof the Ellen MacArthur Foundation’s global Plastics
Pact network. The U.S. Plastics Pact is an ambitious
initiative to unify diverse public-private stakeholders
across the plastics value chain to rethink the way wedesign, use and reuse plastics, to create a path toward
a circular economy for plastic in the United States. Inline with the Ellen MacArthur Foundation’s vision of acircular economy for plastic, which unites more than
850 organizations and is underpinned by common
definitions and concrete targets, the U.S. Plastics Pactbrings together plastic packaging producers, brands,
retailers, recyclers, waste management companies,
policymakers and other stakeholders

After identifying problematic or unnecessary
packaging in 2021, in calendar year 2022, wepartnered with industry organizations like the
Association of Plastic Recyclers (APR) and utilized
resources like the APR Design Guide to take crucial
steps that will result in designing packaging withless material, optimizing the shape and size of our
products, and testing new materials utilizing recycledcontent that meet our performance and safety
standards. In the past year, we have also evaluatedthe data quality, accuracy, and validity of our metrics
and indicators, using external benchmarks andverification processes. This has helped us to measure
our progress more accurately and transparently, and to
identify and address any data gaps or inconsistencies.
We have also engaged with our stakeholders andindustry peers to share best practices and collaborate
on solutions for a circular economy.
Additionally, we’ve begun to introduce recycledcontent into more package formats within our
portfolio. In 2022, Orville Redenbacher’s® began to rollout usage of approximately 15% recycled content inour retail kernel polyethylene terneplate (PET) bottles
to help support collective industry progress on the
U.S. Plastics Pact.
Hunt’s ketchup utilizes an oxygen barrier technology
in ketchup bottles designed to protect both productfreshness and the environment by reducing risk ofcontaminating the color of PET plastic recycling
streams. In 2022, this technology received recognition
from the APR, an international packaging organization
issuing recyclability guidelines that measure each
aspect of package design. After a thorough APR
testing process, the new packaging technology wasawarded APR approval.
®

3. By 2025, undertake ambitious
actions to effectively recycle
or compost 50% of plastic
packaging.
4. By 2025, the average recycledcontent or responsibly sourced
bio-based content in plastic
packaging will be 30%.

Plant-based
fiber bowls
instead ofplastic

In fiscal year 2023,
approximately

93%

of Conagra’s packaging
materials by sourced
volume met ourrenewable, recyclable
or compostable by 2025
sustainable packaging
goal success metrics
11		Percentage based on assessed volumes directly sourced, meaningpurchased by us for use for primary consumer and secondary packaging
material, for products manufactured in our facilities. See Appendix for
Additional Information.
2		C onagra’s contributions to these industry-wide targets is reflected in thedata we contributed to the U.S. Plastic Pact public reporting including the“U.S. Plastics Pact 2020 Baseline Report”

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ABOUT CONAGRA BRANDSGOOD FOODRESPONSIBLE SOURCINGBETTER PLANETSTRONGER COMMUNITIESAPPENDIX

Operational Sustainability

28

Environmental
Management

28

Climate Change

29

Manufacturing
Water Conservation

30

Reducing Manufacturing
Waste

31

Better Planet
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ABOUT CONAGRA BRANDSGOOD FOODRESPONSIBLE SOURCINGBETTER PLANETSTRONGER COMMUNITIESOperational
Sustainability

Environmental
Management

Conagra Brands focuses our resources in key areas
where we can drive positive change across our value
chain. Climate change, water resources and waste are
the most significant to our business and, therefore,
key areas of focus for our sustainability programs.
Climate change affects agricultural industries
throughout the world and is a fundamental challenge
to food production. It is dramatically affecting how
we source raw ingredients, and how we manage
energy use in our facilities and across our value
chain. Water resources are also essential throughout
our value chain. From growing our raw ingredientsto preparing and enjoying our food, we all depend
upon clean water every day. Preventing waste—particularly food waste—is an important measure of
our operational efficiency and an important socialand environmental issue.

Our global Environment, Occupational Health and
Safety Philosophy drives us towards continuous
improvement in our environmental, health andsafety (EH&S) practices, as measured by leading
environmental and safety indicators and implemented
through our EH&S management approach. In addition
to complying with environmental laws and regulations,
we provide training and educational resources to ouremployees on: Environmental, Occupational Healthand Safety Compliance, Climate Change, Water
Stewardship and Resource Conservation.

APPENDIX

Through a robust Environmental Management System,
we proactively manage environmental issues andshare best practices among our facilities. We routinely
assess compliance through internal environmental
audits. When compliance issues arise, our team ofenvironmental professionals works closely with theaffected facility to educate and develop effective
action plans and track findings to resolution.

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ABOUT CONAGRA BRANDSGOOD FOOD

Climate Change

1

Climate change affects agricultural industries
throughout the world and is a fundamental challenge
to food production. It is dramatically affecting how wesource raw ingredients to make our food, and how
we manage energy use in our facilities and across ourvalue chain. Conagra Brands’ 2030 science-based
climate change goals were validated by the Science
Based Target initiative (SBTi), an ambitious corporate
climate effort leading the way to a zero carbon
economy See Appendix for definitions and additional
information and our 2023 CDP Climate Change
response for more information about our methodology
on climate change risk mitigation practices andemissions reduction efforts.

RESPONSIBLE SOURCINGBETTER PLANETSTRONGER COMMUNITIESAPPENDIXSCOPE 1 & 2 EMISSIONS1SCOPE 3 EMISSIONSIn fiscal year 2023, our Scope 1 and 2 greenhouse gas
emissions (CO2 e) were approximately 759,053 metrictons, a decrease of approximately 8.3% from our fiscal
year 2020 baseline.

In fiscal year 2023, we estimate that our Scope 3
emissions decreased approximately 12.9% per metricton of material sourced from our 2020 baseline, whichbrings us approximately over half of the way to our2030 goal. In addition, we have reduced our estimatedabsolute in scope emissions approximately 11.7%
from our 2020 baseline. Scope 3 emissions 2030 goal
progress has normalized from fiscal year 2021’s 9.8%
intensity reduction due to post-COVID reductions of
low-carbon ingredient sourcing volumes, primarily
tomatoes.

In fiscal year 2023, 4.7% of our total energy consumed
came from renewable sources, as defined by theUnited States Environmental Protection Agency.
Our Science Based Target initiative will push us tofind new solutions to address our overall energy
usage and efficiency.
For additional Energy Management metrics pleaserefer to our SASB disclosure.

Greenhouse Gas Emissions(In metric tons)1
1,000,000

FY20
Scope 1:
Scope 2:
Total:

411,867
415,963
827,830

FY23
Scope 1:
Scope 2:
Total:

392,471366,582759,053

800,000

6.4% Other sources

Including other fuels,
owned transportation
and refrigerants

20% Intensity reduction

Reduction achieved:

12.9% Intensity basis

Progress to goal:

65%(tCO2e/lb)

400,000
200,000

Achieved?

Yes

Change in absoluteemissions:-1,127,219 tCO2e(-11.7% absolutechange)SCOPE 1 and 2 Greenhouse Gas
Emissions by Source

43.0% Natural gas

Goal:

SBT Requirement: No Increase
In Absolute Scope 3 Emissions

600,000

FY20 FY23

50.6% Purchased electricity
and steam

SBT Scope 3 Goal

0

Conagra’s In-Scope Greenhouse
Gas Emissions from Purchased
Goods and Services2

CONAGRA’S 2030 SCIENCEBASED CLIMATE CHANGEGOALS:

Reduce absolute Scope
1 and 2 greenhouse gas
emissions 25% by 2030
as compared to our fiscal
year 2020 baseline.
Reduce Scope 3
greenhouse gas emissions
from purchased goods
and services by 20% per
metric tonne of material
sourced within that same
timeframe21
		C onagra annually reviews greenhouse gas emissions and baseline dataas part of third-party data verification efforts, and we may make minor
adjustments to published data as our data systems evolve, data quality
improves, or our facility footprint changes in ways that require baseline
recalculations. Any adjustments fall within a threshold of +/ - 5% used
for independent assurance unless otherwise noted.
2		
Fiscal year 2023 data except for “Other Goods & Services” which
represents fiscal year 2020 data and is excluded from the boundary for
Conagra’s 2030 Science-Based Target.
3		
Other Goods & Services (fiscal year 2020 data) includes, but is not
limited to purchases of cleaning chemicals and sanitation services, comanufacturing, purchased pallets, water and sewer services, and travel
agency services.

87% Ingredients

Farm – 70%
Land Use Change – 20%
Processing – 10%

7.8% Packaging
5.2% Other goods
and services3

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ABOUT CONAGRA BRANDSGOOD FOODRESPONSIBLE SOURCINGBETTER PLANETSTRONGER COMMUNITIESAPPENDIX

Manufacturing Water Conservation
Part of our Citizenship Strategy includes actively
addressing water risk that may impact our operations.
Our water resource strategy guides how we actively
manage water resources across our value chain,taking into account both water use and water quality.
Nearly 55% of our operational water comes from areas
on the lower end of the World Resources Institute(WRI) water risk spectrum. WRI is a global nonprofit
organization that works with leaders in government,
business and civil society to research, design andcarry out practical solutions that simultaneously
improve people’s lives and support nature.1
More information on water risk management practices
is included in our 2023 CDP Water Security response.

WATER WITHDRAWAL SOURCE& WASTEWATER DISCHARGEDESTINATION2
Source ofWater Used:
61.8% Public supply
35.3% Well water
2.9% Surface water

Destination of
Water Discharged:
50.3% Publicly-owned
treatment facility
25.5% Direct

WATER RISK BY CONAGRA PRODUCTION FACILITY LOCATION
AND PERCENT OF TOTAL WATER USE
We analyze our water risk by using the WRI’s Aqueduct tool, which uses peer reviewed methods and thebest-available data to map water risk globally. WRI water risk levels are determined using 12 different
indicators including flood occurrence, access to water supplies, ecosystem impacts and other metrics.

Low Risk:
13 Locations;
44.2% of Water Use• Archbold, Ohio
• Boisbriand, Qué• Brookston, Ind.
• Council Bluffs, Iowa
• Dresden, Ont.
• Fort Madison, Iowa
• Lakeview, Iowa
• Louisville, Ky.
• Macon, Mo.
• Marshall, Mo.
• Quincy, Mass
• Richmond, B.C.
• Russellville, Ark.

Low-Medium Risk:
4 Locations;
10.8% of Water Use• Lincoln, Neb.
• Mankato, Minn.
• Milton, Pa.
• Waterloo, Iowa

Med-High Risk:
10 Locations;
11.9% of Water Use• Centralia, Ill.
• Fennville, Mich.
• Hamburg, Iowa
• Imlay City, Mich.
• Indianapolis, Ind(two locations)• Kent, Wash.
• Macomb, Ill.
• Saint Elmo, Ill.
• Troy, OhioHigh Risk:
9 Locations;
12.3% of Water Use• Beaver Dam, Wis.
• Darien, Wis.
• Hagerstown, Md.
• Humboldt, Tenn.
• Jackson, Tenn.
• Menomonie, Wis.
• Reno, Nev.
• Rensselaer, Ind.
• Waseca, Minn.

24.2% Land/irrigation1
		In fiscal year 2024, WRI revised the region assignments for its water risk analysis. As a result, a greater number of Conagra Brands facilities are now
categorized at the higher end of the water risk spectrum. This shift is due to changes in WRI’s assessment criteria, not to any changes in our operations.
2		Includes all Conagra Brands production facilities.

Extremely High Risk:
6 Locations;
20.5% of Water Use• Aurora, Colo.
• Denver, Colo.
• Fayetteville, Ark.
• Irapuato, Mex.
• Maple Grove, Minn.
• Oakdale, Calif.

Conagra is focused on being a good water stewardin our production facilities. Overall, in fiscal year
2023, our production facilities reduced their water
intensity by nearly 6% compared to the prior year.
Potential water savings are identified as part of ourcapital investment process and a key performanceindicator for water treatment and sanitation vendors.
In addition, we have prioritized water reduction
efforts, such as facility enhancements, behavioral
improvements and enhanced controls at thosefacilities located in high-risk areas with meaningful
water usage. As a result of these efforts, in fiscal
year 2023, Conagra’s Oakdale facility achieved a
7.8% absolute water reduction compared to fiscal
year 2022. In addition, at our Irapuato facility, theteam has proactively addressed existing waterleaks in underground pipelines and installed control
devices to help manage water usage more efficiently.
Additional water and steam leaks have also remedied
across the production area. As a result, water use
per pound (gal/lbs.) in calendar year 2023 decreased
approximately 27% as compared the prior year 2022,
saving 31 million gallons of water. These initiatives
also contributed to a 10.8% absolute water reduction
at our Irapuato production facility for fiscal 2023
compared to the prior year.
In fiscal year 2023, Conagra’s facility in
Imlay City, in partnership with a third-party
assessor, analyzed and optimized its
steam traps to reduce steam and water
loss within its operations, which also
decreased carbon emissions in theprocess. The analysis identified several
steam traps with project opportunities
for improved efficiency. After the
upgrades were complete, the third-party
assessor determined that about 139,000
gallons of water would be saved eachyear, and the carbon emission reductions
associated with these upgrades were
estimated to be about 78 tons per year.

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ABOUT CONAGRA BRANDSGOOD FOODRESPONSIBLE SOURCINGBETTER PLANETSTRONGER COMMUNITIESAPPENDIX

Reducing Manufacturing Waste

1

We are working systematically and strategicallyto reduce the amount of waste we generate in
our facilities to capture the maximum value of the
raw ingredients and other materials we buy. For
unavoidable waste, we work hard to keep it out oflandfills. In fiscal year 2023, 85% of the solid waste
generated at all Conagra’s facilities was diverted
to more beneficial uses through recycling, productdonations to bolster food supplies at area food banks,
use as animal feed, or land applications to improvesoil quality.
In 2023, our Oakdale production facility achieved
TRUE Zero Waste certification status, the second
Conagra facility to receive this certification.
Administered by Green Business Certification Inc.
(GBCI), the TRUE Zero Waste certification system is acomplement to LEED and other green rating systems.
TRUE (Total Resource Use and Efficiency) strives tochange the way materials flow through society sothat products are reused and diverted from landfill,incineration (waste-to-energy), and the environment.
As one of the requirements of the certification, ourTRUE Zero Waste certified facilities must eachmaintain an average annual waste diversion rateof at least 90% and uphold other GBCI standardsof environmental stewardship.

FY23 Solid Waste Characterization
85.2% Waste materials
diverted from landfill& incineration
14.8% Waste sent
to landfills& incinerated

Of the diverted materials, 97.9%
consisted of organic materials(83.4% of all solid waste from our facilities)• Wastewater Sludge: 33.0%• Food – Animal Feed: 32.0%• Cardboard: 6.1%
• Food – Composting: 5.8%
• Wood (Pallets): 3.6%
• Mixed Organics: 0.8%
• Mixed Paper: 0.7%
• Food – Oil/Grease: 0.6%
• Food – Donation: 0.4%
• Food – Energy Recovery: 0.3%

America Recycles Day
In celebrating America Recycles Day on November
15, 2023, Conagra honored 21 Zero Waste Champion
production facilities for diverting more than 90%
of waste materials from landfill and incineration
through proper waste separation, recycling and other
innovative waste-reduction measures. This year’s
honorees include frozen, snacks, international andgrocery production facilities.
In our corporate locations, we promote waste
reduction at our offices by making composting
and recycling available and providing employee
education. Both our Chicago and Omaha corporate
offices offer compost and recycling options to theiremployees as an alternative to landfill disposal. For
America Recycles Day, Chicago employees led ademonstration to educate other Chicago-based
employees about their waste and ways to reduce whatends up going to landfill.
1		Includes all Conagra Brands production facilities

The remainder of the divertedmaterials, 2.1%, consisted ofinorganic materials(1.8% of all solid waste from our facilities)• Mixed Plastics: 0.8%
• Mixed Recyclables: 0.5%
• Mixed Metals: 0.4%
• Aluminum: 0.1%

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ABOUT CONAGRA BRANDSGOOD FOODRESPONSIBLE SOURCINGBETTER PLANETSTRONGER COMMUNITIESAPPENDIX

Corporate Ethics

33

Employee Health & Safety

33

Community Investment
and Foundation

34

Conagra Brands Total Giving
Fiscal Year 2023
35

StrongerCommunities

Feeding America

36

Nourish Our Community

38

Shine The Light On Hunger

40

Scholarships

40

Employee Giving

41

Month of Service

41

Diversity & Inclusion

42

How We Work to Foster
an Inclusive Workplace

44

Employee Resource Groups 46
Community Engagement

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ABOUT CONAGRA BRANDSGOOD FOODRESPONSIBLE SOURCINGBETTER PLANETSTRONGER COMMUNITIESCorporate Ethics
The Conagra Brands Code of Conduct provides
guideposts for how our employees, officers anddirectors must conduct themselves when representing
Conagra both inside and outside the workplace.
All new employees are required to take a course
on our Code of Conduct as part of their onboarding
process. We also conduct annual training courses tomake employees aware of our expectations and their
obligations under the Code of Conduct. We expect
contractors, consultants, trainees, temps/agency
workers, interns and volunteers to adhere to the
ethical standards set forth in our Code of Conduct.
Other service providers and suppliers must act
ethically and consistently with our Supplier Codeof Conduct and other contract requirements.
Our Board of Directors oversees our Code of
Conduct and our ethics and compliance program.
Our ethics and compliance program is administeredby the company’s Legal and Government Affairs
department, which regularly reports to the Audit/
Finance Committee of our Board regarding the overall
program, training and metrics including providing
reports on hotline complaints, investigations andoutcomes at every regularly scheduled meeting. In
addition, we require that our chief executive officer,
chief financial officer and controller comply with aseparate Code of Ethics for Senior Corporate Officers.

APPENDIX

Employee Health & Safety
Ethical Employment Practices
Conagra prohibits the use of any forced or compulsory
labor, including human trafficking and slavery, in ouroperations. Any work performed by an employee orother individual that is involuntary and/or performed
under the threat of physical harm or other penalty
is strictly prohibited. We also comply with state andfederal labor and employment laws through our hiring
policies and human resources practices. Our standard
entry-level wage is equal to— and often exceeds—thehighest applicable minimum wage in locales in which
we operate.
Conagra’s Human Rights Policy outlines the core
standards and expectations we have for Conagra
employees, candidates for employment, and all otherworkers over which we have management control withrespect to the fair treatment of our employees in allof our operations. This policy applies to all locations
and situations where Conagra conducts business andprohibits the use of forced labor, bonded labor, childlabor, human trafficking and slavery-like practices.
Our Code of Conduct for Suppliers sets similar humanrights standards for our suppliers.

As we strive to minimize workplace injuries, we arefocused on maintaining a strong culture of safety inwhich all employees commit to protecting themselves
and their colleagues.
Our health and safety team audits each of our facilities
every two years to review compliance with Conagra’s
Safety Management System. This audit includes
examination of leadership, accountability, defect loss
identification processes, safety regulation adherence
and compliance with corporate policies. The team
documents the audit results and tracks corrective
actions to create accountability for providing a safe
work environment. Any workplace injury, illness,or fatality (an “incident”), including any “near miss”
or an incident with the potential to have resulted inworkplace injury, illness or fatality, requires a thoroughinvestigation to identify and address the root cause.

We use the United Problem Solving technique, which
includes incident scene management, preventionof further losses, data collection, interviewing
witnesses, conduct structured root cause analysis anddissemination of lessons learned to all facilities.
During fiscal year 2023, our Occupational Safety &Health Administration (OSHA) Incident Rate (IR) was
1.75 incidents per 100 full-time workers, as comparedto 1.67 incidents per 100 full-time workers in fiscal
year 2022 and 2.00 incidents per 100 full-time workers
in fiscal year 2021. In fiscal year 2023, there were
no incidents of fatalities involving Conagra Brands
employees. We compare our incident rate to that of
the average for companies in the food manufacturingsector, as published by the Bureau of Labor Statistics.
In each of the last three fiscal years, our incident rate
has been below the industry average.

To the extent any employee objects to their terms and/or conditions of employment or sees anything else ofconcern related to a suspected violation of Conagra’s
Code of Conduct or Human Rights Policy, they may
raise a complaint to their manager, a member of theLegal and Government Affairs department and/or
through our third-party ethics hotline, 866.567.CODE(2633), which enables anonymous reporting. Conagra
Brands takes seriously all reports made throughour ethics hotline and all reports are investigatedappropriately. We have a strict non-retaliation policy
for all reports made in good faith through all reporting
channels, including our ethics hotline.

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ABOUT CONAGRA BRANDSGOOD FOODRESPONSIBLE SOURCING

Community Investment
and Foundation
Conagra Brands and its employees strive to provide
consumers everywhere with consistent access tohealthy food to nourish themselves and their families.
This external focus extends to our community
involvement efforts as we concentrate attention
and resources to addressing the significant issue
of food insecurity in our society. Conagra works
towards reducing food insecurity by leveraging cash
contributions, product donations and employee
actions to positively impact the communities
where we do business. We purposefully cultivate
connections with exceptional nonprofits that run
impactful programs that serve local communities,
many of which are in historically disinvested
neighborhoods. Through our grantmaking efforts,
we support inclusive programs focused on providing
local hunger relief organizations with vital resourcesthat uplift, inspire and improve the lives of people
throughout the community.

BETTER PLANETSTRONGER COMMUNITIESAPPENDIX

Conagra focuses its philanthropic support on addressing the issue
of food insecurity through the following efforts:
FOOD ACCESS
Enabling access to healthy,
nutritious food on adependable basis, whether
at food pantries, mobile
pop-ups, congregate mealsites, or more.

HEALTHYCOOKINGNUTRITIONEDUCATION

Introducing people to
new recipes or innovative
cooking methods to help
them get excited about
preparing wholesome
flavorful meals.

Teaching people to makehealthy choices whenplanning, shopping,cooking and dining out.

HEALTHY
AND ACTIVE
LIFESTYLESURBANAGRICULTURE

Encouraging people toenjoy the activities andfoods that help fuel busy
modern lives.

Increasing access to fresh
produce grown locallyin communities often
viewed as food deserts, toempower communities andto spark interest in healthy,
farm-to-fork eating.

Conagra has been recognized as one of The Civic 50
honorees for the fifth consecutive year, reaffirming,
acknowledging and celebrating our commitment tocommunity engagement and social responsibility.
The Civic 50 acknowledges the 50 most communityminded companies in the nation. The Civic 50, an
initiative by Point of Light, which is the world’s largest
organization dedicated to volunteer service, sets anational standard for superior corporate citizenshipand showcases how companies intentionally invest
their time, skills and resources to positively impact
their communities.
We work with nonprofit partners nationwide to support
fully inclusive programs that provide people of all
backgrounds and ages with direct access to foodand additional supportive services for themselves
and their families.
This report highlights some of the key initiatives
and nonprofit partners we support to enable
the communities where we do business to haveconsistent access to healthy and nutritious food.
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ABOUT CONAGRA BRANDSGOOD FOODRESPONSIBLE SOURCINGBETTER PLANETSTRONGER COMMUNITIESAPPENDIX

Conagra Brands Total Giving Fiscal Year 2023

More than $42 Million of Total Corporate
and Foundation Giving in Cash and In-kindMore than $700,000 Total Giving by Employees
More than 800 Grants AwardedMore than 11,000 Volunteer Hours

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ABOUT CONAGRA BRANDSGOOD FOODRESPONSIBLE SOURCINGBETTER PLANETSTRONGER COMMUNITIESAPPENDIX

Feeding America
Conagra Brands Foundation is pleased to continue its
partnership with Feeding America in the fight against
hunger. Feeding America is Conagra’s national partnerin addressing food insecurity in areas where Conagra
facilities and offices are present. The partnership
between the Conagra Brands Foundation and Feeding
America encompasses various initiatives, such assupporting national research to enhance our collective
understanding of the issue of hunger and its impact ondiverse populations. Additionally, it involves capacitybuilding efforts that increase each food bank’sefforts to better serve their communities. Throughour partnership, we are committed to facilitating
effective outreach to the diverse individuals andcommunities disproportionately affected by hunger.
Furthermore, we aim to expand our efforts to raisegenuine awareness and visibility for the critical issue
of food insecurity. Conagra also contributes productdonations distributed across the Feeding America
network of more than 200 food banks.
In fiscal year 2023, Conagra Brands Foundation
made capacity-building grants to 28 Feeding America
partner food banks that serve the communities where
Conagra employees live and work. The grants enabledfood banks to prioritize efforts aimed at addressing
and eliminating social, structural and systemic
inequities that contribute to food insecurity for
individuals who have been historically disadvantaged
and adversely impacted by racial inequities. Grantees
utilized their funding in many different areas including
obtaining and distribution culturally appropriate food,providing culturally affirming programs, acquiring
supplies, leading trainings and hosting mobile
pantry programs.
The Conagra Brands Foundation has been a
consistent funder of Feeding America's Map the Meal
Gap project since 2012, helping to make it one of theorganization's most substantial and frequently citedresearch initiatives. The Map the Meal Gap research
provides localized food insecurity estimates for
specific racial and ethnic groups (Black, Latino, andWhite, non-Hispanic). According to the 2023 Map the
Meal Gap, “Food insecurity among Black or Latino
individuals is higher than white individuals in morethan 9 out of 10 counties.” The research also provides
insight into child hunger. The 2023 Map the Meal Gap
shows, “Child food insecurity rates are higher than
40% in some counties.” Additionally, the researchdocuments local meal expenses and deficits in foodbudgets by utilizing data on food prices, state andcounty sales taxes applied to groceries and national
survey information collected by the Census Bureau.

During fiscal year 2023, Conagra donatedmore than 30,000,000 pounds of food toFeeding America and its network of foodbanks, which is equivalent to more than
25,000,000 meals.

For the second consecutive year, the Foundation
helped support the Equity Visiting Research Scholar,
Dr. Angela Odoms-Young. Dr. Odoms-Youngprovides guidance to Feeding America food banks on
implementing community-based solutions for enabling
fair access to the food system while emphasizing the
integration of equity consideration into assessment
metrics. Through her various involvements,
Dr. Odoms-Young serves as an impactful leader,
mentor, and researcher, utilizing her expertise to
assist food banks with essential tools and educational
resources to enhance their understanding of foodinsecurity and the affected populations.
Every September, Conagra partners with
Feeding America to participate in its nationwide
Hunger Action Month campaign. This advocacy
campaign is designed to educate and mobilize thepublic to act on the issue of hunger. At Conagra,
we intentionally educate our employees on theissue of food insecurity within their communities
and encourage them to take individual action tocombat the issue of hunger and food insecurity byvolunteering at hunger relief agencies.

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Feeding America: Select highlights from the 28 capacity grants distributed across the nation

FEEDING AMERICA
EASTERN WISCONSIN

THE FOOD BANKOF IOWAFEEDING AMERICA
WEST MICHIGANSHARED HARVESTFOODBANK, OHIOThe grant supported the food bank’s Food Leader
Lab, an in-person program that brings together
local residents, offering them opportunities
in advocacy, policy, communications andleadership to address hunger in their community.
Participants in the program complete capstone
projects, enabling them to connect andcollaborate with individuals who share their
passion, thereby enhancing the community’scollective ability to effectively combat hunger.

The Food Bank of Iowa established a partnershipwith a local farm, which grew different types of
produce the food bank cannot typically obtainthrough its regular purchasing channels. Last fall,
the farm harvested African Eggplant.

Funding from Conagra helped purchase a semitrailer and liftgate to support the food bank’s workin rural communities. This distribution methodbrings food directly tocommunities with a highneed for food support soneighbors do not need totravel far to access food.

This grant provided support for monthly mass
drive-thru food distributions and weekend
backpack programs, providing essential foodsupplies to low-income, at-risk individuals in
Darke County, OH, a rural community with
6,190 individuals
experiencing foodinsecurity

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Nourish Our
Community

RESPONSIBLE SOURCINGBETTER PLANETSTRONGER COMMUNITIESAPPENDIX

Select highlights of this year’s grant recipients and projects include:

Every Hunger Action Month Conagra Brands
Foundation announces the recipients of its annual“Nourish Our Community” grant program. The successof this program relies heavily on the dedicationand involvement of our employees throughout thebusiness. Conagra employees nominate nonprofits
in their local communities to be considered for
grants in areas addressing food insecurity, nutritional
knowledge, healthy and active lifestyle or urban
agriculture. After the applications are extended toand completed by the nonprofits, a cross-functional
committee of Conagra employees reviews theapplications and meets as a collective group to makethe final decisions on which community initiatives
will be awarded funding and determine the specific
grant amounts. This year’s grant recipients include
organizations working to provide healthy food andeducational services to children, individuals who are
unstably housed, students, veterans, seniors, lowincome individuals and individuals with developmental
disabilities. These grants showcase some of theincredible programs and services that are provided bydedicated nonprofits in our communities and reinforce
Conagra’s strong commitment to providing access tonutritious foods for individuals throughout the country.

In the fall of 2022,
we awarded 23 grants
totaling $350,000
to well-establishednonprofits across theUnited States.

ALPHA COMMUNITYCENTER (OHIO)GROW JACKSON(MICH.)

LIFE STYLES(ARK.)

Project: AlphaMeals

Project: Community Gardening

The Alpha Community Center prepares andserves meals to individuals who are experiencing
homelessness. The nutritious meals offered help
to alleviate the stress and worry of managing
limited financial resources, as individuals nolonger need to worry about cutting costs in otherareas in order to have food to eat.

Grow Jackson will expand its main garden by
50%, which will allow the organization to produce
and distribute more fresh and nutritious produce
to the Jackson community. Grow Jackson
expects to increase its production capacity by
5,000 pounds by expanding the garden. The
expansion will also allow for more volunteers to
get involved, fostering stronger connections andauthentic relationships with the community.

Project: Healthy Cooking
and Meal Planning
The Adult Development and Food Programassists individuals with developmental disabilities
in improving their kitchen skills, budgeting
abilities, shopping techniques, and preparation ofhealthier meals. The program aims to increase theparticipants’ independence and overall health.

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ABOUT CONAGRA BRANDSGOOD FOODRESPONSIBLE SOURCINGBETTER PLANETSTRONGER COMMUNITIESAPPENDIX

Select highlights of this year’s grant recipients and projects include:

MARIE WILKINSON FOOD
PANTRY (ILL.)NOURISH MEALSON WHEELS (COLO.)

THE TEEN CENTER(NEB.)

WEST SEATTLE
FOOD BANK (WASH.)

Project: Older Adult Huger Relief Nutrition
and Healthy U Education

Project: Nutritious Meal Delivery

Project: After-School Cooking Program

Project: Food PurchaseNourish Meal on Wheels provides hot meals toseniors who are unable to leave their homes.
Nourish Meals on Wheels also strives toaddress seniors’ social and emotional needs byengaging in meaningful personal interactions andconducting wellness checks. Nourish Meals on
Wheels delivers and produces 8,000 meals permonth for seniors through the Nutritious Meal
Delivery Program, providing meals to those who
may not otherwise have access to meals.

The Teen Center provides intentional afterschooland summertime programming to youth inOmaha. The After-School Cooking Program
offers students the opportunity to learn aboutcooking and nutrition by participating in preparing
nutritious meals and snacks.

West Seattle Food Bank distributes more than
two million pounds of food annually to families,
seniors and children living in five underserved
communities of West Seattle. West Seattle Food
Bank provides grocery home delivery services
making it easier for local residents to obtain food.

Marie Wilkinson Food Pantry supports hunger
relief through its two community food pantries
serving Kane, Kendall, DuPage, Will and DeKalb
Counties. To increase the capacity of its pantry,
the Marie Wilkinson Food Pantry acquired a power
lift truck. This truck will be used for transporting
pallets of food and produce for senior citizens.

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Shine The LightOn Hunger
Shine the Light on Hunger is a community-wide callto action to advocate, educate, engage volunteers,collect food and raise funds to support food accessprograms in Nebraska and Western Iowa, where wehave approximately 1,200 employees. The Conagra
Brands Foundation is proud to continue leading
Shine the Light on Hunger for the 16th consecutive
year, particularly during a time when there is still ahigh need for reliable access to nutritious food. In
fiscal year 2023, our goal was to raise the equivalentof three million meals. To meet our goals, we
collaborated with various local partners, including
10 different neighborhood cultural institutions andBaker’s Supermarkets across Omaha. Additionally,
the Conagra Brands Foundation continued its annual
commitment to match donations dollar-for-dollar,
up to $100,000.

Thanks to the incredible
generosity of so many
people in the community,
we raised the equivalentof over 12.4 million meals,
surpassing the goal by
413% and surpassing lastyear’s total by over three
million meals.

RESPONSIBLE SOURCINGBETTER PLANETSTRONGER COMMUNITIESAPPENDIX

Scholarships“Sixteen years of serving children,
families, seniors, and veteransin the Heartland through thiscampaign is an incredible
milestone. Shine the Light on
Hunger continues to support ourneighbors who struggle withfood insecurity.”

The Conagra Brands Foundation offers an annual
Scholarship Program to support the education ofchildren of Conagra employees who are dedicatedto pursuing their studies in their chosen field andsucceeding in college, university or vocationaltechnical schools. This year, Conagra awarded
scholarships to 38 students, reaching childrenof our employees located in a variety ofgeographical locations.

– Brian Barks, President and CEO
of Food Bank for the Heartland

THIS YEAR AWARDS WERE
DISTRIBUTED AS FOLLOWS:“Shine the Light on Hunger
amplifies the compassion andgenerosity of this incredible
community and demonstrates
the power of our collective
efforts to do so much goodfor people we may neverpersonally know.”– Rahul Sualy, Senior Director of
Business Services for Conagra Brands

FACILITY/SALESOMAHAMEXICOCANADA28
7
2
1

Upon receiving scholarships, recipients expressedgratitude in handwritten letters. The quotes below
demonstrate the scholarships’ impact onrecipients’ lives.

“This scholarship is not only helping
me achieve my education as a firstgeneration student but also helping
me do so at my dream school.”“Without this scholarship, I truly
would not be able to continue mycollege education.”“My dad is fortunate to work for acompany that places a value on
education.”
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ABOUT CONAGRA BRANDSGOOD FOODRESPONSIBLE SOURCINGBETTER PLANETSTRONGER COMMUNITIESEmployee Giving

Month of Service

Conagra employees embody the spirit of service bygenerously sharing their time and talents to support
organizations that hold a special place in their hearts
and local communities. Throughout fiscal year 2023,
Conagra employees volunteered more than 11,000
hours at more than 190 unique nonprofit agencies thatserve the communities where we do business.

More than 1,500 Individual
Employees Participated

Our annual “Month of Service” initiative inspires
employees to volunteer and give back to our local
communities. This program provides employees
from all our facilities with a chance to take a day off
from work and volunteer, making a positive impact
and a difference in their own backyard. For the last
two years, we have extended Month of Service toinclude both April and May, allowing more employees
to participate in small-group volunteer projects. This
provides an excellent opportunity for employees tolearn about the capabilities of our nonprofit partners,
and in turn, increases the impact of our efforts on
the community. Conagra employees responded
enthusiastically to the call to action. Employees began
reaching out to various nonprofit organizations toschedule service projects that aimed to tackle foodinsecurity, improve nutrition and increase access tohealthy foods. Our projects included repacking fresh
fruits and vegetables at community pantries, helping
to plant and maintain community gardens, and more.
Together, we generated the equivalent of more than
315,000 meals for people facing food insecurity acrossthe United States, Canada, Mexico and India.

APPENDIX

More than 5,000 Volunteer
Hours Completed
More than 85 UniqueNonprofit Organizations
More than 125
Volunteer Projects
More than 350,000 lbs.
of Food Packed and Sorted
20 States and 3 International
Locations (Canada, Mexico, India)
More than 315,000 Meals
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ABOUT CONAGRA BRANDSGOOD FOODRESPONSIBLE SOURCINGBETTER PLANETSTRONGER COMMUNITIESAPPENDIX

Diversity & Inclusion
We value the power of individual experiences,
viewpoints, talents and opinions. We believe thisrich diversity of identities sparks innovation and fuels
our creative spirit. Diversity extends beyond theboundaries of race, gender, age, sexual orientationand disability. At Conagra, we celebrate individuality
and foster an environment where our employees canmake an impact and reach their potential.
Our commitment to cultivating an inclusive culture
is guided by five key behaviors: genuine listening,mutual respect, healthy debate, compromise andcivility. Conagra strives to create an environmentthat celebrates authenticity and where everyone
feels valued. It’s this dynamic environment thatpropels our business forward.
Our dedication to cultivating an inclusive workplace
has proven instrumental in attracting, nurturing andretaining talent from a wide array of backgrounds.

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ABOUT CONAGRA BRANDSGOOD FOOD

Conagra Recipe
for Inclusion:RESPONSIBLE SOURCINGBETTER PLANETSTRONGER COMMUNITIESAPPENDIX

Data for Employee by Gender, Employee by Generation and Leadership by Gender represents all Conagra Brands employees as of May 28, 2023
(the end of fiscal 2023). Data for Employee by Race and Ethnicity and Leadership by Race and Ethnicity represents U.S.-based employees only.
All gender, race and ethnicity data is based on self-identification1
1

EEO-1 data for calendar year 2022 is available here

GENUINE LISTENING
We make a conscious effort to learn new things bylistening to what others have to say and seeking tounderstand how others think and feel. Although we
may not always agree, we respect each other andacknowledge the power of different points of view.

MUTUAL RESPECT

Employee by Gender

Employee by
Race and Ethnicity

Employeeby Generation

60% Male

54% White

40% Female

25% Hispanic or Latino

37% Generation X(1965–1980)<1% Undeclared

12% Black or
African American

We cultivate a workplace where people trust andrespect one another, where no one feels they need tobend out of shape to fit in. We always assume positive
intent and recognize that individuals have valuable
contributions to make.

COMPROMISE
We stay focused on our goals
and are collectively decisive
once the input has been heard
and considered.

CIVILITY
We disagree with respect.
We seek common groundas a starting point for
dialogue about differences,
listening past one’s
preconceptions and teachingothers to do the same.

15% Baby Boomers(1946–1964)

5% Asian
1% Native Hawaiian or
Other Pacific Islander

13% Generation Z(1997 and onwards)

1% Two or More Races

HEALTHY DEBATE
We actively encourage new ideas and ask
questions to challenge the status quo. We
accept that sometimes, the best results
evolve from rigorous debate, a bit oftension and a bit of discomfort.

35% Millennials(1981–1996)<1% Silent Generation(1928–1945)<2% Undeclared

Leadership by Gender

Leadership byRace and Ethnicity

Board

Management Level

Management Level

By Gender

64% Male

85% White

64% Male

36% Female

13% People of Color

36% Female

2% Undeclared

By Race and Ethnicity

Middle-Manager Level
59% Male

Middle-Manager Level

64% White

41% Female

83% White

36% People of Color

16% People of Color
1% Undeclared

2 Female (1 LGBTQ+) committee Chairs
73% diverse1 Board
Diversity based on gender, race and ethnicity

1

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ABOUT CONAGRA BRANDSGOOD FOODRESPONSIBLE SOURCINGBETTER PLANETSTRONGER COMMUNITIESAPPENDIX

How We Foster an Inclusive Workplace
Our long-term strategy for diversity and inclusion is anchored in three fundamental pillars: recruitment, advocacy anddevelopment. Throughout fiscal year 2023, we remained steadfast in expanding and implementing comprehensive
plans to bolster our D&I initiatives.

Recruitment

Advocacy

Conagra recognizes that our employees’ uniqueexperiences are the building blocks for our inclusive
culture and we have made strides to build a diverse
pipeline of early talent and experienced hires.
Through strategic partnerships, we have been able
to make representation gains across various
dimensions of diversity.

In an effort to create community connections, aswell as strengthen and sustain relationships withindividuals from underrepresented backgrounds,
we partner with community and social justiceorganizations, fund scholarships, cultivate
relationships with a diverse group of suppliers
and build awareness internally and externally.

Early Talent and Experienced Hires

MCKINSEY CONNECTEDLEADERS ACADEMY• In fiscal year 2023, we partnered with CameronBrooks and DOD SkillBridge to develop andactivate strategies to recruit Veteran talent,
offer training and internships and help provide asmooth transition for military professionals into
the civilian workforce. Conagra is expanding
its recruiting efforts beyond veterans to include
military spouses in collaboration with the Military
Spouse Employment Partnership. In addition, we
launched a learning program and support network
dedicated to empowering veterans as theytransition into civilian work life.
• We continued to make connections with students
from diverse cultural backgrounds throughsponsorships and engagement at conferencessuch as the National Association of Collegesand Employers Historically Black Colleges andUniversities (HBCU) Summit, the National Societyof Black Engineers, Out for Undergrad to attract
LGBTQ+ talent and the Science & Engineering Fair
at Texas A&M University, a designated HispanicServing Institution.
• Through a partnership with the Thurgood Marshall
Leadership Institute, Conagra employees madeconnections with job seekers, expanding ourrecruiting efforts to students from HBCUs.

Through a partnership with the McKinsey Connected
Leaders Academy, whose mission is to improvediversity of talent pipelines by investing in future
leaders, more than 120 Conagra employees engaged
in a professional development experiences acrossthree distinct programs:• Leadership Essentials: Aimed at aspiring
leaders, this program enhances business acumen,leadership skills and self-management and offersa strong peer and expert network.
• Management Accelerator: This program, for midcareer managers aiming for senior roles, cultivatesleadership traits, improves problem-solving skills
and aids in strategic planning and execution.
• Executive Leadership Program: This program
focuses on building executive leadershipcapabilities needed to drive transformationalchange within organizations and enhance the
network that distinguishes successful executives
to help them achieve the next critical step intheir careers.

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We have expanded each of these programs to be fullyear programs, which include four months of training
facilitated by McKinsey, followed by eight monthsof practical sessions led by Conagra, including our
Executive Leadership team. This new structure allows
for a comprehensive learning experience connected toour talent strategy.

WOMEN IN SUPPLY CHAIN(WISC)The Women in Supply Chain (WISC) group, formed
in January of 2023, consists of approximately 120
members and aims to support D&I efforts by providing
networking opportunities and identifying development
needs for women, particularly in manufacturing
roles. Key initiatives in fiscal year 2023 included
two Leadership Circles hosted by Vice Presidents
at Conagra, a group Mentorship Program involving
40 women and four mentors, a networking event in
Chicago, and a monthly virtual book club with around
50 registered participants.

SCHOLARSHIPS
We’ve continued our partnerships with theThurgood Marshall College Fund and the Hispanic
Scholarship Fund which have enabled us to distributescholarships, offer mentorship and provide resources
for career preparation. Our commitment to fosteringcommunity impact remains strong as Conagra
employees actively engaged with students, enhancing
their career prospects post-college. Since 2021, we
have proudly awarded 66 scholarships in collaboration
with these partners.

Development
From onboarding to career advancement, ourprocesses are designed to support all of ouremployees and strengthen our inclusive culture.
We have continued to design processes to develop
our employees’ skills and advance their careers.

RESPONSIBLE SOURCINGBETTER PLANETSTRONGER COMMUNITIESAPPENDIX

and positively influence those around you.
To date, nearly 3,500 employees have engaged
with the training.
In addition, we launched a new Intern Manager
training program to support leaders in managing Gen
Z talent, emphasizing our inclusive behaviors, building
empathy and fostering meaningful conversations.

Functional D&I Strategies
Functional D&I strategies link Conagra’s long-term
vision and help Conagra foster an inclusive workplace.
Our Research and Development (R&D) team launched
an early identification program to identify early talent
for mentorship and internship opportunities. The“Future Foodies” program was a three-day immersive
experience designed to educate students about
our business and potential careers in R&D. The firstday provided an overview of our business and R&D
function, including building tours and a hands-on
Healthy Choice® Power Bowl® building activity. The
second day focused on corporate culture, with a
spotlight on D&I and an Employee Resource Group(ERG) panel followed by a plant tour in Council Bluffs
and a culinary tour in our Omaha corporate office.
The final day offered practical advice on interviewing
and resume building, culminating in a development
experience at the University of Nebraska-Lincoln titled“Leading with the Power of Positivity.”

Advancement
Pay equity is a core part of our D&I Strategy. Ourcompensation structure and benefits package enable
us to recruit and retain talent, and compensate our
employees based on their background, experienceand performance, without regard to gender, race or
ethnicity. We recognize that pay equity is critical to ourcompany’s success in these areas and have allocatedresources to our analysis of employee pay.

In fiscal year 2023, we furthered our D&I learningjourney by introducing an emotional intelligencecourse, which examined how comprehending andcontrolling emotions can enhance personal growth
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Employee Resource Groups
Our eight Employee Resource Groups (ERGs) play a pivotal role in fostering a diverse and inclusive culture at Conagra and in fiscal year 2023 they engaged thousands of
employees in over 100 events. These ERGs amplified employee voices, facilitated learning on cultural and business topics, and supported personal growth, professional
development and community impact. They collaborated with the Talent Acquisition team and the Conagra Brands Foundation to increase Conagra’s visibility in diverse
communities, enhance employee development programs and maximize the impact of community work and charitable giving.

Fiscal Year 2023 Highlights

LGBTQ + ALLY ERGASIAN ERG

Our LGBTQ + Ally ERG participated in the Out for
Undergrad conferences, which aims to help LGBTQ+
students develop as leaders and individuals. In
addition, the ERG represented Conagra at the Omaha
Heartland Pride event, where employees participatedin the parade and festival, demonstrating Conagra’s
support for the LGBTQ+ community while celebrating
our inclusive culture.

Our Asian ERG cooked up excitement throughout
fiscal year 2023, starting with Chef Bill Kim’s visit.
He not only demonstrated a traditional Korean dishbut also provided a rich history of Korean food in the
United States, engaging over 100 participants across
Chicago and Omaha. Conagra’s own Chef Tim took
center stage during the Lunar New Year Celebration,
showcasing how to create a traditional dish using
Conagra products. Our ERG members also brought tolife celebrations for Diwali and Holi, sharing their family
stories and traditions.

DISABILITY + ALLY ERG
Our Disability + Ally ERG promoted inclusivity andmental health awareness. They advanced broader
understanding of Conagra’s accommodations process
and provided resources to make our technology
platforms more accessible for everyone.

LATINX ERGBLACK ERG
During Black History Month, they highlighted theimportance of HBCUs through a virtual presentation,
featuring Dr. Paquita Yarborough from the Thurgood
Marshall College Fund and our own HBCU alumni.
They shared their experiences and discussed
Conagra’s HBCU recruitment partnerships.
Additionally, they kicked off the month by volunteering
for Social Works’ Warmest Winter initiative in
Chicago, providing support for those experiencing
homelessness during the winter months.

Our Latinx ERG kicked off the year with the Siembra
ERG Internship, partnering with the Latino Centerof the Midlands for a Career Day that introduced
students to potential career opportunities at Conagra.
The Latinx mentoring program, a flagship initiative,
continued to foster professional development
by pairing employees with mentors from various
departments across the company. During Hispanic
Heritage Month, they hosted a series of events thatcelebrated Latinx culture and promoted inclusivity,
including a Latino food series, a lunch and learn trivia
challenge, and a salsa cooking competition.

VETERANS ERG
Our Veterans ERG focused on advocacy andcommunity support during fiscal year 2023. They
participated in the Chicago Standdown event, acollaborative effort with the Department of Veterans
Affairs, the Red Cross and other organizations, aimed
at providing care, support and resources to homelessveterans and their families. In addition, they played asignificant role in distributing food and clothing itemsin the communities where we live and work.

WOMEN’S ERG
Our Women’s ERG-led events across Omaha andChicago to promote professional development
opportunities including a leadership discussion
with Conagra Brands Board member and CEO of
Abercrombie & Fitch, Fran Horowitz; panels on
mentorship and leadership growth; and a “Skills
for Success” discussion in collaboration with
the Disability + Ally ERG. In addition, the groupfacilitated events supporting individuals experiencing
homelessness, packing 50 meals, and createdblankets and craft kits for children in local hospitals.
They also prepared over 400 school supply-filled
bookbags with Cradles to Crayons and sorted
donated clothing, setting up many children forsuccess in their new school year.

YOUNG PROFESSIONALS ERG
Throughout fiscal 2023, our Young Professionals
ERG actively promoted professional growth andcollaboration. They hosted several events with leadersacross Conagra, providing members with valuablenetworking opportunities and partnered with a leading
financial services firm to conduct a financial wellness
session tailored specifically for young professionals.
As one of Conagra’s largest ERGs, the Young
Professionals also demonstrated their commitment tobuilding an inclusive culture by partnering with other
ERGs to share in unique cultural experiences.

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ABOUT CONAGRA BRANDSGOOD FOODRESPONSIBLE SOURCINGBETTER PLANETSTRONGER COMMUNITIESAPPENDIX

Community Engagement
To have greater impact, we need to look beyond
Conagra. Our community partners play a vital role inhelping us support underrepresented communities
through financial contributions and volunteerism.

United for Change

United for Change is Conagra’s annual employee
fundraising campaign. Conagra employees areencouraged to consider contributing to the UnitedWay, United Way member agencies, or other nonprofit organizations that align with the diverse interestsof Conagra employees. During the campaign, Conagra
highlights the work of nonprofit organizations that
dedicate significant resources to tackling poverty,
food insecurity, and social injustices, promoting
fairness and opportunity, and protecting civil rights in
the United States. The Conagra Brands Foundation
matched a portion of the donations made during
the campaign. Along with donating, the United for
Change campaign raises awareness about the efforts
being made to address the root causes of poverty,
food insecurity and issues related to social justice. In
fiscal year 2023, United for Change drove meaningful
participation from employees at approximately 34
facilities and office locations across the United States,
Mexico and Canada. Donated funds are reinvested
back into the communities, aiming to create long-term
improvements in the communities where employees
live and work.
During the fiscal year 2023 United for Change
campaign, Conagra employees raised over $500,000,
exceeding the campaign’s fundraising goal.

Inclusive Marketing2023 HONORS & RECOGNITIONS

We believe in promoting our brands in a way thatreflects the needs and attitudes of our diverse
consumers. We incorporate inclusivity throughout
our comprehensive marketing efforts to better reflect
the experiences of culturally-diverse communities.
On Ready Set Eat,® Conagra’s website for culinary
inspiration, trends and recipes, our ERGs collaborate
with our culinary team to offer consumers culturallyrelevant recipes that represent their uniquebackgrounds. Across our brands’ social media
channels, content is fueled by diverse food cultures,content makers and ongoing engagement with
underrepresented communities.

We take great pride in being acknowledged for our efforts in promoting D&I at Conagra Brands.

Supplier Diversity
At Conagra Brands, we recognize that partnering witha diverse group of suppliers enhances the value webring to our customers, consumers and communities.
We partner with a broad range of suppliers who are
ready to innovate and grow with us, including, but
not limited to, small, disadvantaged and HUBZone,
minority-owned, women-owned, veteran- andservice-disabled veteran-owned and LGBTQ+
owned businesses.
Conagra’s Supplier Diversity Steering Committee
is comprised of leaders across Procurement,
Communications, D&I and the Conagra Brands
Foundation and helps guide the strategic direction.
In addition, Conagra is a member of the Women’s
Business Enterprise National Council and the National
Minority Supplier Development Council, which help
provide all suppliers with equal access to procurement
opportunities and support the growth of Conagra’s
supplier diversity program.

As we continue to make progress in our cultural journey, our dedication to attracting, championing andnurturing talent across various dimensions of diversity remains our priority. We are committed to continuing
to foster an environment where every voice matters, where we learn from our differences, celebrate ouraccomplishments and cultivate a culture of belonging.

Military Times
Recognized on the 2023 Best for Vets: Employers
list by Military Times for demonstrating ongoingsupport for veterans and active-duty service
members, as well as their families.

The Disability
Equality Index® (DEI)
Recognized as one of the "Best Places to Workfor Disability Inclusion" by The Disability Equality
Index, which measures disability workplace
inclusion against competitors.

OF LIGINTS
HTPOThe Civic 50
For the fifth consecutive year, we were recognized
as one of the 50 most community-minded
companies in the U.S. by The Civic 50.

America’s Greatest Workplacesfor Diversity
Recognized as one of America's Greatest
Workplaces for Diversity 2023 by Newsweek.

Diversity Lab
Received Mansfield Certification from Diversity
Lab for our Legal and Government Affairs teamfor adopting processes designed to increase thepool of historically underrepresented lawyers to
be considered for leadership and advancement
opportunities, both within the Company’s legal
department and our outside counsel leadership.
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ABOUT CONAGRA BRANDSGOOD FOODRESPONSIBLE SOURCINGBETTER PLANETSTRONGER COMMUNITIESAPPENDIX

About this Report

49

2023 SASB Disclosure

51

Task Force on
Climate-Related
Financial Disclosures(TCFD) Index

53

Alignment of Conagra’s
Citizenship Topics
with the UN Sustainable
Development Goals

54

Note on Forward
Looking Statements

55

Appendix
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ABOUT CONAGRA BRANDSGOOD FOODRESPONSIBLE SOURCINGBETTER PLANETSTRONGER COMMUNITIESAbout this Report

Additional Information
Key Focus Area

Thank you for your interest in Conagra Brands’
2023 Citizenship Report. All data in this reportcover the company’s fiscal year 2023, which ended
May 28, 2023, unless otherwise specified. Also
included are some initiatives launched in fiscal
year 2024 to provide additional recent relevant
information to our stakeholders. Our reporting
covers all company-operated facilities including,where applicable, company-managed production
facilities, corporate offices in Omaha and Chicago,
corporate jet aircraft fuel, and company-managed andoperated warehouses. Additional information about
our company is available in Conagra’s SEC filings
available at www.sec.gov and on our website,www.conagrabrands.com.

data for fiscal year 2023 in preparation of this 2023
Citizenship Report. For additional details, see
Additional Information below.

We provide an index for the SASB Processed Foods
standard. Please see the Appendix for this additional
information.

Statements about future developments andpast occurrences are based on information andassumptions available as of the date of publication.
While we are committed to providing timely
updates, the company holds no obligation to update
information or statements. The information provided
is based on the latest available data at the time ofwriting. However, please be aware that data quality
and accuracy may improve over time, leading topotential updates or revisions. We continue to referto the most current and reliable sources for the most
up-to-date information. Certain information in thisreport regarding the company comes from thirdparty sources and operations outside of our control.
We believe such information has been accurately
collected and reported, and that the underlying
methodology is sound.

The information presented, discussed, referenced
or otherwise included in this document or madeavailable on or through our website does not cover
all information about our business. The inclusion of
information or references, including the use of “key,”“significant,” “material” or similar terms, should not
be construed as a characterization regarding themateriality of such information to our financial resultsor that such information is necessarily material toinvestors or other stakeholders for purposes of
U.S. federal securities laws.
APEX Companies, LLC completed an independent
verification of select data included in the Better
Planet section of this report. We worked with Positive
Solutions Consulting, LLC to calculate our Scope 3
greenhouse gas inventory estimates for fiscal year
2023, calculate our packaging volume, recyclability
percentages and goal progress for fiscal year 2023
and verify the consistency of our no deforestation
approach and relevance of our related procurement

APPENDIX

Other data included in the report have not been
audited by a third party; however, the report does
include information available through our existing data
management systems. Although our data has beeninternally vetted using accepted and relevant scientificand technical methodologies, historical performancedata may be revised due to reasons such as new data
availability; industry-driven changes to methodologies;
improvement in data collection and measuringsystems; or activities such as joint ventures, mergers,
acquisitions or divestitures.

Any claims about Conagra Brands products madeherein, including any natural claim, are not intended toprovide any assurances by Conagra Brands as to thecompliance of the claim with any applicable laws or
regulations outside of the United States.

Additional Information

Animal Welfare
We strive to align our business practices with improving the welfare of animals in our supply chain aligned with the five freedoms of animal welfare. Our efforts are
currently focused on products that are directly sourced, meaning purchased by us for use as an ingredient for products manufactured in our facilities, excluding private
label and foodservice products.
Beef and Dairy

Our efforts are focused on improving animal welfare in our supply chain in accordance with the standards set by
the U.S. Roundtable on Sustainable Beef, the Global Roundtable for Sustainable Beef and the National Dairy
Farmers Assuring Responsible Management, as applicable.

Broiler Chicken
Conagra Brands is focused on supporting improved
welfare for broiler chickens in our supply chain.

Our efforts are focused continuing to explore best practices in broiler chicken welfare. We engaged with our
stakeholders on these issues in 2023 to align with our suppliers to align on the five freedoms for animal welfare. In
2024, we plan to continue to explore best practices in broiler chicken welfare, informed by guidance from our new
Animal Welfare Advisory Committee being formed in 2024.

Eggs
Conagra Brands is focused on sourcing cage-free
eggs and eliminating eggs in some of our products.

Our efforts are focused on the transition of our use of eggs (meaning shell, processed/liquid and powdered eggs) tocage free eggs.
Cage-free means that egg-laying hens are able to roam vertically and horizontally in indoor houses, have access tofresh food and water, are allowed to exhibit natural behaviors, have access to enrichments (scratch areas, perches
and nests), have access to litter, have protection from predators and have the ability to move in a barn in a mannerpromoting welfare.
Additionally, we are pursuing a dual strategy by exploring egg alternatives and enhanced new technologies toreduce or eliminate eggs from some of our products through recipe reformulation. Based on our dual strategy,
progress against our 100% cage egg free goal will be reported for our products that are not part of ourreformulation efforts.
Our percentage of cage-free egg buy by volume for fiscal 2023 year reflects product mix shifts and a year-overyear decrease in egg buy partially driven by our dual strategy.

Pork
Conagra Brands is focused on improving pork
animal welfare in our supply chain.

Our efforts are focused on trim and fresh pork. “Open pen gestation system” means that sows are kept ingestation crates for no more than 4-6 weeks of each pregnancy and are then moved to a pen with sufficientspace to move freely.
To make progress in this area, we are aiming to source 100% of our pork from supply chains that only use open
pen gestation systems by fiscal year 2026 (which ends May 2026). These benchmarks are subject to availabilityof supply and provide a guide for us as we move forward toward our goal.

To improve animal welfare in our supply chain, we aim to follow best available science regarding animal welfare in our sourcing strategy, understanding that bestpractices may change over time. We recognize that making improvements to animal welfare in our supply chain will require collaboration across our value chain, andwe will continue to collaborate with, and encourage our suppliers to make continual improvements in animal welfare while preserving consumer access to quality,
affordable food.
Our ability to meet our animal welfare goals depends on consumer demand and availability and affordability of supply. All goals reflect estimations of future productvolumes and commodity availability. We make efforts to source ingredients that support our animal welfare goals while meeting expectations of our consumers, investors,
and customers, and balancing potential impacts on other metrics, such as human health and the environment.
Climate Change
Scope 1 and 2
Conagra Brands has set a goal to reduce its
absolute Scope 1 and 2 greenhouse gas emissions.

Scope 1 greenhouse gas emissions are emissions from sources that Conagra owns or controls directly.
Scope 2 greenhouse gas emissions are indirect emissions associated with the purchase of electricity, steam,heat, or cooling.

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ABOUT CONAGRA BRANDSKey Focus Area

GOOD FOODRESPONSIBLE SOURCINGBETTER PLANETSTRONGER COMMUNITIES

Additional Information

Climate Change (Cont.)
Scope 3
Conagra Brands has set a goal to reduce Scope 3
greenhouse gas emissions resulting from ourpurchased goods and services per metric ton ofmaterial sourced.

APPENDIXKey Focus Area

Additional Information

Diversity and Inclusion
Scope 3 greenhouse gas emissions are indirect emissions (not included in Scope 2) that occur in Conagra’s value
chain. There are 15 categories of Scope 3 emissions and Conagra has focused its reduction efforts on category 1,purchased goods and services, as the largest category of emissions in its value chain.

Conagra Brands is focused on fostering a diverse
and inclusive corporate culture.

Conagra’s 2030 Scope 3 target is a goal to reduce Scope 3 GHG emissions from purchased ingredients andpackaging under category 1, purchased goods and services per metric ton of material sourced.

People of Color, as used in this report, is a term used primarily in the United States to describe historicallyunderrepresented people who are not white. It includes individuals who self-identify as American Indian or Alaska
Native, Asian, Black, or African American, Hispanic, or Latino, Native Hawaiian or Other Pacific Islander, and Two orMore Races.

Conagra Brands’ 2030 science-based climate change goals were validated by the Science Based Target initiative (SBTi), an ambitious corporate climate effort leading theway to a zero-carbon economy.
All calculations of our Scope 1, Scope 2 and Scope 3 emissions are estimates. See Conagra’s CDP Climate disclosure for more detail on our methodology.
Our ability to meet our climate change goals is dependent on our ability to invest in a range of technologies, infrastructure and processes while preserving consumer
access to quality, affordable food. Additionally, we are reliant on the continued evolution, and the availability and reliability, of technology associated with offeringsolutions to combat global warming while meeting expectations of our consumers, investors and customers, and balancing potential impacts on other metrics, such as
human health and the environment.
Carbon offsets are not part of our Scope 3 goal reduction strategy.
Deforestation

At Conagra, diversity is more than race, ethnicity, gender, sexual orientation and disability. We are focused on
creating a diverse and inclusive corporate culture to help us attract, retain and encourage the development of top
talent. Our comprehensive D&I strategy includes providing education and training opportunities for talent acrossvarious dimensions of diversity and reinforcing a sense of belonging for all people throughout our organization toadvance inclusion.

Management level employees are those at director level and above.
Middle-Manager level employees are those at manager level.
We compete with other companies both within and outside of our industry for talented personnel. Our ability to meet our goals is dependent on our ability to attract,develop and retain a diverse population of talented and highly performing employees.
EEO-1 data for calendar year 2022 is available here
Packaging Waste

Conagra Brands has adopted a sourcing strategy
that strives to achieve no deforestation acrosscritical primary deforestation-linked commodities.

Conagra’s no deforestation sourcing strategy pertains to volumes of critical primary deforestation-linked
commodities that are directly sourced, meaning purchased by us for use as an ingredient for products
manufactured in our facilities, excluding private label and foodservice products, where applicable. We haveidentified beef (cattle products including fresh, frozen, cooked, and Kosher), palm oil (palm, palm kernel, and all
Conagra aligns with AFi’s definition of deforestation: blended oil), soy (soy, lecithin, soy flour, soybean oil, and soy protein products, excluding soy embedded inloss of natural forest as a result of (1) conversion
manufactured components), cocoa (cocoa powder and chocolate excluding cocoa embedded in manufactured
to agriculture or other non-forest land use;component) and timber (purchased for primary, secondary and tertiary packaging purposes) as critical primary(2) conversion to a tree plantation; or (3) severe and deforestation-linked commodities in our supply chain.
sustained degradation. Loss of natural forest thatmeets this definition is considered to be
To meet our no deforestation compliance criteria, commodities purchased must be:
deforestation regardless of whether or not it is legal
1. Traceable to regions classified as low risk for deforestation according to reputable third-party industry
and we encourage our suppliers to set nosources such as the World Wildlife Fund, the Global Canopy, and the Tropical Forest Alliance; ordeforestation goals in alignment with this definition.
2. Verified through third-party auditing for certification programs utilized by our suppliers or us that have no
deforestation components, such as Forest Stewardship Council (FSC) and Sustainable Forestry Initiative
Chain of Custody (SFI) (timber products), and Roundtable on Sustainable Palm Oil (RSPO) (palm oil); and3. From a supplier who has made a commitment to eliminate deforestation from their operations or supply
chain by 2025.
Information available to us at the time of our assessment allowed for at least 90% of our applicable buy for eachcommodity category to be assessed against our no deforestation criteria.
While we have made significant strides for no deforestation in our supply chain, challenges remain. We acknowledge that despite our best efforts, gathering traceability
information for these commodities can be challenging due to our position in the supply chain. We are actively working to enhance our traceability systems to improvetransparency and identify partnership opportunities with key suppliers. Conagra has conducted initial risk assessments and supply chain mapping for key deforestationlinked commodities and is working towards continuous improvement of traceability systems and risk assessment processes for these commodities.
We are addressing these challenges by:

Conagra Brands has set a goal to increase oursourcing of packaging materials that are
renewable, recyclable or compostable.

For purposes of this goal, (1) we include only primary consumer packaging material volumes, and secondary
packaging material volumes consistent with our CDP deforestation risk disclosure (such as rigid resin, flexible
resin, plant fiber packaging materials (serving bowls and corrugate boxes), glass and metal packaging and we
exclude totes, corrugate displays, multiwall bags, bulk bags, drum, valves and actuators, inner liners andmiscellaneous packaging not specifically identified in our procurement data systems; (2) we define as renewable
all material composed of biomass from a living source that can be continually replenished, such as tree fiber, otherplant fiber or other bio-based packaging materials; and (3) we define as recyclable all items able to be recycled via
third-party definitions (such as recyclable packaging materials are defined as “widely recyclable,” “check locally,”or “store drop off” by How2Recycle and packaging materials included in consumer take-back systems, such as
TerraCycle) although we acknowledge that infrastructure may not exist to allow for consumer recycling in all places
where our products are sold; and (4) we define as compostable materials meeting third-party home or industrial
compostable standards and/or compostable labelling requirements such as How2Compost. We intend to updatethese definitions to reflect new innovations and standards for renewable, recyclable and compostable
packaging materials.

Conagra Brands is seeking to reduce waste derived
from our packaging through thoughtful design anduse of renewable and more readily recyclable orcompostable materials.

Following the success of our 2017 strategy to increase our use of plant-based trays, bowls and other lower plastic
content packaging, we are currently reassessing our packaging strategy, including evaluating the accuracy andquality of available data, potential metrics and indicators to measure performance, external benchmarks andpotential verification processes. We strive to reduce waste and measure our progress accurately and transparently.
We continue to further our packaging strategy by identifying materials that have demonstrated a year-over-year
plastic reduction independent of sales volume, designing packaging with less material, and testing and adopting
recycled packaging content that meets our performance and safety standards.

Our ability to meet our packaging goals is dependent on our ability to invest in a range of alternative packaging, technologies, infrastructure and processes while
preserving consumer access to quality, affordable food. Additionally, we are reliant on the continued evolution, and the availability and reliability, of technology related torenewable and recyclable plastic, availability of supply, regulatory requirements including food safety, consumer rejection and financial viability of alternative packaging.

• Engaging with our suppliers and supply chain partners to communicate our no deforestation policies.
• Improving material information quality and data quality through internal data housing programs of procured materials.
• Reviewing and updating our policies to reflect the latest best practices.
We recognize that achieving our goals for no deforestation in our supply chain will require industry-wide partnership to succeed while preserving consumer access toquality, affordable food. Our ability to meet our goals depends on consumer demand and availability and affordability of supply. We make efforts to source ingredients that
support our no-deforestation goals while meeting expectations of our consumers, investors, and customers, and balancing potential impacts on other metrics, such as
human rights.

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2023 SASB Disclosure
The Sustainability Accounting Standards Board (SASB) is an independent, private sector standards-setting organization dedicated to enhancing theefficiency of the capital markets by fostering high-quality disclosure of material sustainability information that meets investor needs. Our reporting uses
the Standard for the Processed Foods industry as defined by SASB’s Sustainable Industry Classification System® (SICS®). Note that some responses may
not fully align with individual SASB metric guidance, but represent data most closely aligned with each metric.
Topic

Accounting
MetricCategory

Unit Of Measure

Code

Response

Energy Management(1) Total energy consumed, (2) percentage grid electricity,(3) percentage renewable

Quantitative

Gigajoules (GJ), Percentage (%)

FB-PF-130a.1(1) 9,968,963 gigajoules (GJ) of energy consumed(2) 50.6% from grid electricity(3) 4.7% renewable energy1

Water Management(1) Total water withdrawn, (2) total water consumed,
percentage of each in regions with High or Extremely HighBaseline Water Stress

QuantitativeThousand cubic meters (m.),
Percentage (%)

FB-PF-140a.1(1) 16,481 thousand cubic meters (m) of water withdrawn(2) 2,876 thousand cubic meters (m) consumed; Areas of High or Extremely High Baseline Water Stress make up 32.8% of all water withdrawn and 19.3% of all
water consumed

Number of incidents of non-compliance associated withwater quantity and/or quality permits, standards, andregulations

Quantitative

NumberFB-PF-140a.2

Conagra Brands had seven (7) incidents of non-compliance.

Description of water management risks and discussion ofstrategies and practices to mitigate those risks

Discussion andAnalysisn/a

FB-PF-140a.3

The primary tools leveraged by Conagra Brands to identify, assess and respond to water-related risks include: WRI Aqueduct Water Risk Atlas – Food & Beverage
weighting scheme; in-house risk-mapping; a Supplier Excellence Program sustainability assessment; and international media resources.
Conagra Brands’ sustainability team annually reviews the Aqueduct Water Risk data for our manufacturing locations, overlaying production and water withdrawal
data with internal company knowledge to identify and monitor water use at high-risk sites. If a facility is designated as high-risk based on this assessment, water
conservation efforts are prioritized at that location, in addition to other business drivers of decision-making.
Separately, Conagra Brands’ Supplier Excellence Program broadly measures the performance of our largest and most strategic suppliers on a diverse set of criteria,
including social and environmental metrics. Water-related questions included in our Supplier Excellence Program assessment include whether suppliers conduct
water risk assessments, have water reduction goals, or implement sustainability policies that address agriculture or other value chain water use. The scoring systemallows us to quantitatively measure supplier progress over time, and Conagra Brands uses this information to enhance business partnerships. For more information,see our 2023 CDP Water disclosure.

Food Safety

Health & Nutrition

Global Food Safety Initiative (GFSI) audit (1) nonconformance rate and (2) associated corrective action ratefor (a) major and (b) minor non-conformances

Quantitative

Rate

FB-PF-250a.1

100% of Conagra plants have completed GFSI-recognized certification. In fiscal year 2023, there were six major non-conformances identified (rate of 0.15 major
non-conformances per plant audited) and 206 minor non-conformances in fiscal year 2023 (rate of 5.0 minor non-conformances per plant audited). Corrective
actions were implemented for 100% of the major and minor non-conformances identified and submitted to, and accepted by, the GFSI certifying body for
confirmation.

Percentage of ingredients sourced from Tier 1 supplierfacilities certified to a Global Food Safety Initiative (GFSI)
recognized food safety certification program

Quantitative

Percentage (%) by cost

FB-PF-250a.2

We require our suppliers to use an accredited certification body to audit their compliance with Global Food Safety Initiative (GFSI) standards annually.
More than 95% of our Tier 1 suppliers have completed GFSI-recognized certification, which is the relevant metric we currently have available to report.

(1) Total number of notices of food safety violation received,(2) percentage corrected

Quantitative

Number, Percentage (%)

FB-PF-250a.3

Conagra Brands had one (1) food safety violation, which was an FDA 483 notification, out of 23 total inspections. 100% of these violations have been corrected.

(1) Number of recalls issued and (2) total amount of foodproduct recalled

Quantitative

Number, Metric tons (t)FB-PF-250a.4

Three (3) recalls in fiscal year 2023.

Gross Revenue from products labeled and/or marketed topromote health and nutrition attributes

Quantitative

Reporting currency

FB-PF-260a.1

Approximately 74% of retail sales revenue from Conagra products, based on Circana POS, Custom Conagra Hierarchy.2

Discussion of the process to identify and manage products
and ingredients related to nutritional and health concerns
among consumers

Discussion andAnalysisn/a

FB-PF-260a.2

Conagra Brands maintains a number of cross-functional groups, including an Attribute Steering Committee, Nutrition Policy Leaders, Sodium Reduction Leaders,and Natural Council, that meet regularly to identify and manage products, ingredients, strategies and food design related to nutrition, health and wellness concerns
among consumers and policy makers. The Committees include internal subject matter experts from legal, regulatory, labelling, nutrition, sustainability, consumer
demand, product development, communications, supply chain, government affairs and other functions relevant to identifying and managing nutritional and healthattributes and any related concerns, including but not limited to: sustainable proteins, additives, potential allergens, sodium, sugar, regulated claims, and productdisclosures. The Committees guide nutrition, health and wellness attribute development and communications for product packaging, brand websites, e-commerceand other channels.

1		Note to FB-PF-130a.1: Includes all Conagra Brands company-managed production facilities, corporate offices in Omaha and Chicago, corporate jet aircraft fuel, and company-owned and operated warehouses.
2		
Note to FB-PF-260a.1: These sales do not include foodservice or private label SKUs.

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Topic

Accounting
MetricCategory

Unit Of Measure

Code

Response

Product Labeling& Marketing

Percentage of advertising impressions (1) made on childrenand (2) made on children promoting products that meetdietary guidelines

Quantitative

Percentage (%)

FB-PF-270a.1

Conagra Brands participates in the Children’s Food and Beverage Advertising Initiative (CFBAI) of the Council of Better Business Bureaus (BBB). Pursuant to our CFBAI
pledge, Conagra Brands devotes 100% of our national advertising directed to children 13 years of age and under to products that meet the CFBAI’s strict uniform
nutrition criteria, and does not advertise to children under the age of six. In line with our CFBAI commitments, programming is deemed “child-directed” if it has an
audience of 30% or more children under the age of 13. Conagra also abides by the guidelines established by the Children’s Advertising Unit (CARU) of the BBB tofurther our efforts to only market to children responsibly. CARU’s standards are intended to promote child-directed marketing that is not deceptive, unfair, or
inappropriate, taking into account the unique vulnerabilities of a younger audience. CARU prohibits, among other things, claims that unduly exploit a child’s
imagination or sales pressure techniques that create a sense of urgency.

Revenue from products labeled as (1) containing
genetically modified organisms (GMOs) and (2) non-GMO

Quantitative

Reporting currency

FB-PF-270a.2(1) $8,650,381,785 (Gross Revenue)(2) $1,239,600,072 (Gross Revenue)1

Number of incidents of non-compliance with industry or
regulatory labeling and/or marketing codes

Quantitative

NumberFB-PF-270a.3

Two (2) incidents of non-compliance with federal labeling codes, each of which was promptly addressed with appropriate corrective action.

Total amount of monetary losses as a result of legal
proceedings associated with labeling and/or marketing
practices

Quantitative

Reporting currency

FB-PF-270a.4

Conagra Brands is and has been a party to legal proceedings challenging various product claims made in the Company’s product labeling. Information regarding any
material litigation and related loss contingencies is provided in Conagra Brands’ annual 10-K and/or quarterly 10-Q SEC reports.

(1) Total weight of packaging, (2) percentage made fromrecycled and/or renewable materials, and (3) percentagethat is recyclable, reusable, and/or compostable

Quantitative

Metric tons (t), Percentage (%)

FB-PF-410a.1(1) Estimated 657,699.53 metric tons (t) of packaging procured by Conagra Brands(2) Estimated 20% made from recycled or renewable materials(3) Estimated 93% made from recyclable, reusable and/or compostable materials

Packaging Lifecycle
Management

Estimates are based, in part, on Conagra and industry-wide average material weights and recycled content levels, guided by best practices on environmental
footprint accounting from organizations such as the U.S. Environmental Protection Agency (EPA) and How2Recycle.
Discussion of strategies to reduce the environmental
impact of packaging throughout its lifecycle

Discussion
and Analysisn/a

FB-PF-410a.2

Conagra Brands has set a goal to strive towards making 100% of our current plastic packaging renewable, recyclable or compostable by 2025. Additionally,
Conagra Brands is seeking to reduce waste derived from our packaging through thoughtful design and use of renewable and more readily recyclable orcompostable materials.
See Additional Information in the Appendix to this Report.

Environmental & Social
Impacts of Ingredient
Supply Chain

Percentage of food ingredients sourced that are certified tothird-party environmental and/or social standards, andpercentages by standard

Quantitative

Percentage (%) by cost

FB-PF-430a.1

Our suppliers have obtained the following third-party certifications for the below listed volumes of products directly sourced for our operations, excluding excludes
private label and foodservice products where applicable, by volume:• 100% of our palm oil buy was certified by the Roundtable on Sustainable Palm Oil (RSPO) under its Mass Balance model• 99% of our seafood buy is certified by either via Marine Stewardship Council or the Global Aquaculture Alliance’s Best Aquaculture Practices (BAP)

Ingredient Sourcing

Suppliers' social and environmental responsibility audit (1)non-conformance rate and (2) associated corrective action
rate for (a) major and (b) minor non-conformances

Quantitative

Rate

FB-PF-430a.2

We have a Code of Conduct for Suppliers that outlines our expectations around Legal Compliance, Anti-Bribery and Corruption, Human Rights, Non-Discrimination
and Fair Working Conditions, Animal Welfare, Environmental and Social Impact, and Business Integrity.

Percentage of food ingredients sourced from regions withHigh or Extremely High Baseline Water Stress

Quantitative

Percentage (%) by cost

FB-PF-440a.1

We monitor sourcing water risks through a periodic assessment of the water risk level of the origins of selected ingredients using the WRI Aqueduct global water risk
mapping tool.

List of priority food ingredients and discussion of sourcing
risks due to environmental and social considerations

Discussion andAnalysisn/a

FB-PF-440a.2

For commodity-specific discussion and analysis, please refer to the Responsible Sourcing section of our 2023 Citizenship Report.

Our risk management team monitors our entire supplier list daily for regulatory violations and legal actions, including those relating to regulatory corruption, socialand environmental compliance. We have a third-party service provider hosted ethics and compliance hotline and management system for concerns from employee
and third parties which allows for anonymous reporting. Each concern is tracked, investigated and reported in accordance with internal investigation protocols that
include escalation to relevant management and, as appropriate, our board of directors.

Activity Metric

Category

Unit Of Measure

Code

Response

Weight of products sold

Quantitative

Metric tons (t)FB-PF-000.A

Weight of products produced is approximately 3M metric tons.

Number of production facilities

Quantitative

NumberFB-PF-000.B

42

Response based on Circana provided retail sales data for Conagra’s fiscal year 2023. These sales do not include foodservice or private label SKUs.

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Task Force on Climate-Related Financial Disclosures (TCFD) Index
Core TCFD Elements

Recommended Disclosures

Data & References

Core TCFD Elements

Recommended Disclosures

Data & References

GovernanceA) Describe the board’s oversight of climate-relatedrisks and opportunities.

2023 CDP Climate Change Report: C1.1a, C1.1b

Metrics and Targets

A) Disclose the metrics used by the organization toassess climate-related risks and opportunities inline with its strategy and risk management
process.

2023 CDP Climate Change Report: C6.10

B) Describe management’s role in assessing andmanaging

2023 CDP Climate Change Report: C1.2, C1.3

B) Disclose Scope 1, Scope 2, and, if appropriate,
Scope 3 greenhouse gas (GHG) emissions, and therelated risks.

In fiscal year 2023, our Scope 1 and 2 greenhouse gas emissions (CO2 e) wereapproximately 759,053 metric tons.

A) Describe the climate-related risks andopportunities the organization has identified overthe short, medium, and long term.

2023 CDP Climate Change Report: C2.1a, C2.2

C) Describe the targets used by the organization to
manage climate-related risks and opportunities
and performance against targets.

Target reference number: Abs 1
Target reference number: Abs 1 This target has been approved by the Science
Based Targets initiativeB) Describe the impact of climate-related risks andopportunities on the organization’s businesses,
strategy, and financial planning.

2023 CDP Climate Change Report: C3.3, C3.4

C) Describe the resilience of the organization’s
strategy, taking into consideration different
climate-related scenarios, including 2°C or lower
scenario

2023 CDP Climate Change Report: C3.1

A) Describe the organization’s process for
identifying and assessing climate-related risks.

2023 CDP Climate Change Report: C2.1, C2.2, C2.2a

B) Describe the organization’s process for
managing climate-related risks.

2023 CDP Climate Change Report: C2.1, C2.2

C) Describe how processes for identifying,assessing, and managing climate-related risks areintegrated into the organization’s overall risk
management.

2023 CDP Climate Change Report: C2.2

Strategy

Risk Management

Target ambition: Well-below 2°C aligned
Year target was set: 2020
Target coverage: Company-wide
Scope(s): Scope 1 & Scope 2
Scope 2 accounting method: Market-based
Base year: 2020
Target year: 2030
Targeted reduction from base year: 25%
Performance against target Abs 1: In fiscal year 2023, our Scope 1 and 2
greenhouse gas emissions (CO2 e) were approximately 759,053 metric tons.
Target reference number: Int 1
This target has been approved by the Science Based Targets initiative
Target ambition: Well-below 2°C aligned
Year target was set: 2020
Target coverage: Company-wide
Scope(s): Scope 3
Scope 3 category(ies): Category 1: Purchased goods and services
Intensity metric: Metric tons CO2e per unit of production
Target year: 2030
Targeted reduction from base year (%): 20%
Performance against target Int 1: In fiscal year 2023, we estimate that our
Scope 3 emissions decreased approximately 12.9% per metric ton of material
sourced from our 2020 baseline, which brings us approximately over half of theway to our 2030 goal. In addition, we have reduced our estimated absolute inscope emissions approximately 11.7% from our 2020 baseline.

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ABOUT CONAGRA BRANDSGOOD FOODRESPONSIBLE SOURCINGBETTER PLANETSTRONGER COMMUNITIESAPPENDIX

Alignment of Conagra’s Citizenship Topics with the UN Sustainable Development Goals
Each of Conagra Brands’ Citizenship efforts support a component of the UN Sustainable Development Goals1

Critical

Strategic

Important

Food Safety: 2, 3, 9

Manufacturing Water Use: 6, 12

Deforestation: 2, 11, 15

Health & Nutrition: 2, 3, 9

Product Transparency: 2, 3, 12

Animal Welfare: 2, 14

Corporate Ethics: 1, 5, 8, 10, 16

Manufacturing Waste: 2, 12, 8, 11

Transportation & Logistics: 7

Supplier Code of Conduct: 1, 3, 5, 6, 8, 10, 16

Sustainable Sourcing: 2, 3, 5, 6, 8, 13, 14, 15

Climate Change: 3, 7, 11, 13

Packaging: 2, 8, 11, 12

Diversity & Inclusion: 1, 5, 10

Culture & Workplace: 3, 4, 5, 8, 16

Environmental Compliance: 3, 6, 8, 12

Community Impacts & Philanthropy: 1, 2, 4, 11, 17
Employee Health & Wellness: 3, 5

1	B ased on Conagra’s internal assessment of the success metrics for each UN Goal, as compared to our Citizenship efforts.

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Note on Forward-Looking Statements
The information contained in this document includes
forward-looking statements within the meaning of
the federal securities laws. Examples of forwardlooking statements include statements regarding our
expected future financial performance or position,
results of operations, business strategy, plans andobjectives of management for future operations,and other statements that are not historical facts.
You can identify forward-looking statements by theiruse of forward-looking words, such as "may", "will","anticipate", "expect", "believe", "estimate", "intend","plan", "should", "seek", or comparable terms.
Readers of this document should understandthat these forward-looking statements are notguarantees of performance or results. Forwardlooking statements provide our current expectations
and beliefs concerning future events and are subject
to risks, uncertainties, and factors relating to ourbusiness and operations, all of which are difficult topredict and could cause our actual results to differ
materially from the expectations expressed in or
implied by such forward-looking statements. Theserisks, uncertainties, and factors include, among otherthings: risks associated with general economic andindustry conditions, including inflation, rising interest
rates, decreased availability of capital, volatility infinancial markets, declining consumer spending rates,
recessions, decreased energy availability, increased
energy costs (including fuel surcharges), supply chain
challenges, labor shortages, and geopolitical conflicts(including the ongoing conflict between Russia andUkraine); negative impacts caused by public healthcrises; risks related to our ability to deleverage on
currently anticipated timelines, and to continue toaccess capital on acceptable terms or at all; risks
related to the company's competitive environment,
cost structure, and related market conditions; risks
related to our ability to execute operating and value
creation plans and achieve returns on our investments
and targeted operating efficiencies from cost-saving
initiatives, and to benefit from trade optimization

programs; risks related to the availability and pricesof commodities and other supply chain resources,
including raw materials, packaging, energy, andtransportation, including any negative effects causedby changes in levels of inflation and interest rates,
weather conditions, health pandemics or outbreaksof disease, actual or threatened hostilities or war,or other geopolitical uncertainty; risks related to theeffectiveness of our hedging activities and ability torespond to volatility in commodities; disruptions orinefficiencies in our supply chain and/or operations;risks related to the ultimate impact of, including
reputational harm caused by, any product recalls
and product liability or labeling litigation, including
litigation related to lead-based paint and pigment andcooking spray; risks related to our ability to respondto changing consumer preferences and the successof our innovation and marketing investments; risks
associated with actions by our customers, includingchanges in distribution and purchasing terms; risks
related to the seasonality of our business; risks
associated with our co-manufacturing arrangements
and other third-party service provider dependencies;
risks associated with actions of governments andregulatory bodies that affect our businesses, including
the ultimate impact of new or revised regulations
or interpretations including to address climatechange or implement changes to taxes and tariffs;
risks related to the company's ability to executeon its strategies or achieve expectations related
to environmental, social, and governance matters,
including as a result of evolving legal, regulatory, andother standards, processes, and assumptions, thepace of scientific and technological developments,
increased costs, the availability of requisite financing,and changes in carbon pricing or carbon taxes; risks
related to a material failure in or breach of our or ourvendors' information technology systems and othercybersecurity incidents; risks related to our ability toidentify, attract, hire, train, retain and develop qualified
personnel; risk of increased pension, labor or peoplerelated expenses; risks and uncertainties associatedwith intangible assets, including any future goodwill
or intangible assets impairment charges; risk relating
to our ability to protect our intellectual property rights;
risks relating to acquisition, divestiture, joint venture orinvestment activities; the amount and timing of future
dividends, which remain subject to Board approvaland depend on market and other conditions; andother risks described in our reports filed from time totime with the Securities and Exchange Commission.
We caution readers not to place undue reliance on any
forward-looking statements included in this document,
which speak only as of the date of this document.
We undertake no responsibility to update thesestatements, except as required by law.
The goals, targets and commitments presented,
discussed, referenced or otherwise included inthis document or made available on or throughour website are aspirational and not guarantees orpromises that such goals, targets or commitments
will be achieved. In addition, historical, current andforward-looking information included in this document
or made available on or through our website may
be based on standards and practices for measuring
progress that are still developing, internal controls andprocesses that continue to evolve, and assumptions
that are subject to change. Accordingly, suchhistorical, current and forward-looking informationor underlying assumptions may be subject tomodifications in future disclosures due to suchdeveloping standards, practices and controls andprocesses. Readers and viewers are cautioned not toplace undue reliance on such information.

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