Ahold Delhaize is an international food retail firm. The company offers a broad range of perishable and non-perishable food and non-food consumer products through several brands and approximately 6,500 stores worldwide. Headquartered in Zaandam, Netherlands, Ahold Delhaize has approximately 375,000 employees and serves nearly 50 million customers every week.
Ahold Delhaize helps customers make healthy food choices through “Front of Pack” nutritional labeling and reformulation of own brand products to limit trans-fats, total fats, sugar and salt. The company also has numerous initiatives in place aimed at minimizing its indirect environmental impacts through raw material sourcing. By 2020, Ahold Delhaize aims to use 100% Roundtable on Sustainable Palm Oil (RSPO) certified mass balance or segregated palm oil used in own brand products. Additionally, a high percentage of the company’s seafood sold has a sustainability certification, such as Marine Stewardship Council. To minimize its direct footprint from operations, Ahold Delhaize has made investments to reduce energy consumption, utilize climate friendly refrigeration and generate renewable energy. These efforts have saved the company millions of dollars while avoiding thousands of tons of CO2 emissions. Ahold Delhaize also has aggressive food waste initiatives which educate producers, packagers, retail associates and customers on conservation and to develop innovative efforts such as creating juice from “ugly apples” and selling discounted boxes of “ugly vegetables.”
While Ahold Delhaize has strong training programs for employees, the company does not appear to offer variable pay or stock-based compensation to all of its employees. Additionally, the company has been criticized for multiple labor-related controversies. Ahold Delhaize’s Supervisory and Management Boards lack gender and racial diversity.
Industry: Consumer Staples
Country: The Netherlands
To the best of our knowledge the above information is accurate and was obtained from sources we believe to be reliable. Neither the information presented above nor any opinion expressed shall be construed as an offer to sell or a solicitation to buy the security. The views expressed are those of portfolio management as of 12/31/2016 and may not reflect current opinions or subsequent events.