Smithfield Foods, Inc. (NYSE: SFD) today announced that it has promoted Dennis H. Treacy to senior vice president of corporate affairs and chief sustainability officer, as part of the company's long-term focus on corporate social responsibility and sustainability.
Indeed, such a focus is clearly communicated on the company's homepage, "Good food. Responsibly."
Mr. Treacy joined Smithfield Foods in 2002 and last served as vice president, environmental and corporate affairs.
"Our business has become much more complex as we confront increasing government regulation and rising public and customer awareness of corporate social responsibility practices and sustainability. We understand that our long-term success directly correlates with our ability to effectively address these factors and that these programs must be managed from a senior level within our organization. The appointment of Mr. Treacy to this new role demonstrates our continuing commitment to operate our company in a socially responsible and sustainable way," said C. Larry Pope, president and chief executive officer, in a statement.
Prior to 2002, Mr. Treacy served as director of Virginia's department of environmental quality, held several positions in the private sector and also served as assistant attorney general in the natural resources section of the Virginia attorney general's office.
Meat production and consumption are seen as large contributors to global warming, and several groups have advised that individuals and businesses need to scale back. Dr. Rajendra Pachauri, who chairs the Intergovernmental Panel on Climate Change (IPCC), told BBC News over one year ago that the UN Food and Agriculture Organization (FAO) estimated that "direct emissions from meat production account for about 18% of the world's total greenhouse gas emissions." The next largest contributor is transport, which accounts for 13% of emissions, according to the IPCC.
Clearly, with all eyes on the meat industry, Smithfield is taking a judicious position.
With sales of $12 billion, Smithfield Foods is one of the largest processor and marketer of fresh pork and packaged meats in the United States, and is the largest producer of hogs.