Company: KHC
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001308179-25-000266
Chunk: 45

Company: Kraft Heinz Co
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 45
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, including five new state laws that impose fees on corporations for single-use plastic (SUP) packaging. 3The European Union has banned ten common SUP pollutants and imposed a tax on non-recycled plastic packaging waste. 4A French law requires 10% of packaging to be reusable by 2027 and Portugal requires 30% reusable packaging by 2030. 5Additionally, consumer demand for sustainable packaging is increasing. 6 Pew Charitable Trusts’ groundbreaking study, Breaking the Plastic Wave(“Pew Report”), concluded that improved recycling alone is insufficient to address plastic pollution—instead, recycling must be coupled with reductions in use, materials redesign, and substitution. 7The Pew Report finds that the greatest opportunity to reduce or eliminate plastic lies with flexible packaging, often used for chips, sweets, and condiments among other uses, and virtually unrecyclable in America. With innovation, redesign, and substitution, 26 million metric tons of plastic flexible packaging can be avoided globally. 8 KHC acknowledges that flexible packaging makes up the majority of the 13% of its packaging that is unrecyclable but has not committed to action to meet its goal for 100% recyclable packaging by 2025. 9In the absence of immediate action to eliminate flexibles by robustly engaging in research and development of reusable packaging, KHC is on track to fail to meet its 100% recyclable packaging goal. The Pew Report finds that reducing plastic use is the most viable solution from environmental, economic, and social perspectives, yet broad corporate and stakeholder alignment on flexible packaging solutions is lacking. 10Our Company could avoid regulatory, environmental, and competitive risks by adopting a comprehensive approach to addressing flexible plastic packaging use at scale. BE IT RESOLVED: Shareholders request that the Board issue a report, at reasonable expense and excluding proprietary information, describing how Kraft Heinz could address flexible plastic packaging in alignment with the findings of the Pew Report, or other authoritative sources, to reduce its contribution to plastic pollution.

| 2025 Proxy Statement | 97 |

| Company  
 Overview |     | Voting  
 Roadmap |     | Stockholder 
 Engagement  |     | Our   
 Board |     | Governance |     | Director     
 Compensation |     | Beneficial 
 Ownership  |     | Executive    
 Compensation |     | Audit   
 Matters |     | Stockholder 
 Proposals   |     | Other       
 Information |     | Appendix A. 
 Non-GAAP    |

SUPPORTING STATEMENT:The report should,