Fazer includes food loss as a metric in its 2023 Short-Term Incentive plan
Fazer’s Board of Directors has decided to broaden the ESG (Environmental, Social, and Governance) criteria in the company’s Short-Term Incentive plan (STI), and to include food loss as a metric, in addition to Employee Safety, which has long been an ESG priority for Fazer. The portion of the ESG basket in the 2023 STI plan amounts to 15% of the total, highlighting the importance of ESG to the Group. The remainder of the annual STI performance criteria include Group and Business Area financial performance related goals.Food loss has a major impact on climate, water, land and biodiversity.