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Hostess Brands’ 2022 Corporate Responsibility Report reveals its CSR advances

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Hostess Brands released its 2022 Corporate Responsibility Report (CRR), highlighting the Workplace Health & Safety, Equity, Inclusion & Belonging (DEI&B), Environmental, and Governance achievements. The safety and health of the employees are the top priority for Hostess Brands. This is why the company rolled out training practices and culture-enhancing programmes to develop and retain a high-quality workforce. The report states that the company has reduced its water usage by 25% with a 14% decrease in energy use. To launch a sustainable first bakery, the brand has also purchased an idled factory in Arkadelphia and plans to transform it into a state-of-the-art bakery. Hostess Brands has always aimed to create a board consisting of diverse individuals and as per the report, 67% of the present board members belong to diverse backgrounds.

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Consumer Goods industry will surpass $15T globally by 2025. However the old business model of mass distribution is about to become obsolete. Digital Transformation, Millennials and Gen Z effect, Direct to Consumer and Post-Covid World are going to reshape the winning formula for the new era CG industry. Our weekly newsletter covers global innovations and disruptions in CG industry.

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