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SYSCO CORPORATION

(SYY)
  Report
Real-time Estimate Cboe BZX  -  01:58:19 2023-01-30 pm EST
78.02 USD   +0.16%
01/18Morgan Stanley Adjusts Price Target on Sysco to $87 From $86, Maintains Equal-Weight Rating
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01/10Sysco to Release Second Quarter Fiscal Year 2023 Financial Results on January 31
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01/10Sysco to Release Second Quarter Fiscal Year 2023 Financial Results on January 31
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Sysco : Sustainability Accounting Standards Board (SASB) Index

11/18/2022 EST

2022 SASB Index

Topic

Accounting Metric

Accounting Metric

Unit of Measure

Sysco Response

Description

Fleet Fuel Management

Fleet fuel consumed, percentage

Quantitative

Gigajoules (GJ),

FY2022, Sysco forged ahead on trailblazing new projects, such as shifting to indoor farming and electrifying

renewable

Percentage (%)

its fleets. We committed to purchasing up to 800 battery electric Class 8 tractors by 2026. We also invested in

renewable energy sources, such as solar, and enhanced our efforts to minimize waste and recycle. These initiatives

advance our 2030 emissions reduction goals while raising the bar for their partners and industry peers. Refer to

page 40 of FY2022 Sustainability Report.

Air Emissions from

Gross global Scope 1 emissions

Quantitative

Metric tons (t) CO2e

71,976 tCO2e

Refrigeration

from refrigerants

Percentage of refrigerants consumed

Quantitative

Percentage (%)

91.6%

with zero ozone-depleting potential

by weight

Average refrigerant emissions rate

Quantitative

Percentage (%)

1.1%

Energy Management

(1) Operational energy consumed,

Quantitative

Gigajoules (GJ),

(1) 693,304 MWh

(2) Percentage grid electricity,

Percentage (%)

(2) 98.7%

(3) Percentage renewable

(3) 9%

Food Waste

Amount of food waste generated,

Quantitative

Metric tons (t),

In FY2022, Sysco deepened our focus on both food waste and organics. Across our operations, we emphasize

Management

percentage diverted from the

Percentage (%)

solutions such as diverting waste to produce animal feed, composting and leveraging meal donations to serve

waste stream

those in need. These efforts helped us make progress toward our goal to divert 90% of operations and food waste

from landfills by 2025.

Data Security

(1) Number of data breaches,

Quantitative

Number,

Sysco does not disclose this metric.

(2) Percentage involving personally

Percentage (%)

identifiable information (PII),

(3) Number of customers affected

Description of approach to identifying

Discussion and Analysis

n/a

Refer to pages 14-15 of 2022 Annual Report.

and addressing data security risks

1

2022 SASB Index

Topic

Accounting Metric

Accounting Metric

Unit of Measure

Sysco Response

Description

Food Safety

High-risk food safety violation rate

Quantitative

Rate

Sysco participates in numerous inspections each year, conducted by various regulatory agencies ranging from the

federal level to the local level. Sysco has deployed policies and procedures to ensure that we are in compliance

with all applicable laws and regulations. Additionally, to ensure compliance, Sysco has implemented monitoring

and verification procedures, including third-party Global Food Safety Initiative certified audits, to confirm our

compliance with food safety and regulatory standards. In the event an issue is identified during any audit or

inspection, Sysco has comprehensive corrective action and preventive measure procedures in place to ensure a

proper response to any alleged noncompliance.

(1) Number of recalls, (2) number of units

Quantitative

Number,

Given Sysco's position in the food supply chain as a distributor, we are involved in many cascading recalls that

recalled, (3) percentage of units recalled

Percentage (%)

are initiated by our suppliers. Sysco has processes in place to protect our company and our customers during

that are private-label products

recall events. Sysco pioneered the distribution industries' recall notification process, which has proven effective

through the numerous effectiveness checks conducted by the regulatory agencies with whom we engage. Sysco

also has robust product recall procedures that are verified on a routine basis, should Sysco ever have to initiate

our own recall.

Product Health

Revenue from products labeled

Quantitative

Reporting currency

The Food and Drug Administration is currently reviewing the definition and standards of a "healthy" product.

& Nutrition

and/or marketed to promote health

Sysco customers are provided order guides with transparent nutrition breakdowns to display what customers are

and nutrition attributes

purchasing. Nutrition attributes, ingredient statement, diet types, and additional claims are also included in order

management systems and in Sysco's eNutrition system.

Discussion of the process to identify

Discussion and Analysis

n/a

Sysco customers are provided order guides with transparent nutrition breakdowns to display what customers are

and manage products and ingredients

purchasing. Nutrition attributes, ingredient statement, diet types, and additional claims are also included in order

related to nutritional and health

management systems and in Sysco's eNutrition system.

concerns among consumers

Product Labeling &

Number of incidents of non-compliance

Quantitative

Number

Sysco follows all required regulatory standards for foodservice packaging and labeling on its private label products.

Marketing

with industry or regulatory labeling and/

In addition, we have internal standards for packaging to include logo placement and colors, bilingual language,

or marketing codes

marketing claims, and utilization of trademark of certification logos. All private label packages go through a review

to ensure they adhere to external and internal standards.

Total amount of monetary losses as a

Quantitative

result of legal proceedings associated

with marketing and/or labeling practices

Reporting currency

Sysco follows all required regulatory standards for foodservice packaging and labeling on its private label products.

In addition, we have internal standards for packaging to include logo placement and colors, bilingual language,

marketing claims, and utilization of trademark of certification logos. All private label packages go through a review

to ensure they adhere to external and internal standards.

Revenue from products labeled as

Quantitative

Reporting currency

Sysco does not disclose this metric.

  1. Containing genetically modified organisms (GMOs) and (2) Non-GMO

2

2022 SASB Index

Topic

Accounting Metric

Labor Practices

(1) Average hourly wage and

(2) percentage of in-store and

distribution center employees

earning minimum wage, by region

Accounting Metric

Unit of Measure

Sysco Response

Description

Quantitative

Reporting currency,

(1) Sysco's hourly associates received an average hourly wage of $23.49, refer to page 4 of 2022 Annual Report; (2)

Percentage (%)

100% of associates in our U.S. distribution facilities received pay above state minimum wage thresholds, refer to

page 4 of 2022 Annual Report.

Percentage of active workforce covered

Quantitative

Percentage (%)

17%, refer to page 4 of 2022 Annual 10-K Report.

under collective bargaining agreements

(1) Number of work stoppages and

Quantitative

Number, Days idle

(1) 0; (2) 0

(2) total days idle

Total amount of monetary losses as a

Quantitative

Reporting currency

Monetary losses as a result of legal proceedings associated with labor law violations and employment

result of legal proceedings associated

discrimination are not centralized; therefore, Sysco does not maintain centralized records of these monetary losses.

with: (1) labor law violations and (2)

Sysco strives to maintain and comply with its affiliates. Sysco expects all associates to contribute to a positive and

employment discrimination

inclusive work environment where every individual is treated with dignity and respect.

Management of

Discussion of strategies to reduce the

Discussion and Analysis

n/a

Sysco enterprise and its subsidiaries use an array of strategies to reduce the environmental impact of packaging.

Environmental &

environmental impact of packaging

Rooted in the 4 Rs (Reduce, Reuse, Recycle, and Renew), Sysco's Earth Plus® is a line of biodegradable disposable and

Social Impact in

paper products and delivers affordable, eco-friendly solutions.

the Supply Chain

Sysco's U.K. brand, M&J Seafood, is committed to innovating sustainable packaging solutions that maximize shelf

life, maintain quality and reduce waste from food and packaging materials. Recently, the company recognized that

the typical fishmonger wax box and ice storage system led to excess waste and downstream disposal problems.

Their proposed solution won the 2022 Footprint Innovations in Packaging Award.

By combining varied fresh products from Sysco in one delivery, they could reduce their transportation miles by

approximately 1 million by 2023.

3

Disclaimer

Sysco Corporation published this content on 18 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 November 2022 13:19:09 UTC.


ę Publicnow 2022
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Financials (USD)
Sales 2023 76 127 M - -
Net income 2023 2 068 M - -
Net Debt 2023 9 975 M - -
P/E ratio 2023 19,3x
Yield 2023 2,53%
Capitalization 39 472 M 39 472 M -
EV / Sales 2023 0,65x
EV / Sales 2024 0,63x
Nbr of Employees 71 000
Free-Float 66,2%
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Technical analysis trends SYSCO CORPORATION
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 19
Last Close Price 77,89 $
Average target price 89,93 $
Spread / Average Target 15,5%
EPS Revisions
Managers and Directors
Kevin P. Hourican President, Chief Executive Officer & Director
Neil A. Russell Treasurer, VP-Investor Relations & Communications
Edward D. Shirley Independent Chairman
Tom Peck Executive VP, Chief Information & Digital Officer
Charles Tango Chief Information Security Officer
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