BEYOND MEAT® RELEASES ITS 2022 ESG REPORT AND UPDATED LCA STUDY
December 20, 2023
Beyond Meat® Releases Its 2022 ESG Report and Updated LCA Study Reaffirming Environmental Benefits of the Beyond Burger® Compared to Animal-Based U.S. Beef Patties
EL SEGUNDO, Calif., December 20, 2023: Beyond Meat, Inc. (NASDAQ: BYND), a leader in plant-based meat, today released its 2022 ESG Report and an updated environmental life cycle assessment (LCA) study of the latest version of its Beyond Burger® 3.0. As a leader in plant-based meat, a movement that is important to reducing global greenhouse gas emissions from livestock-related agriculture (which accounts for an estimated 77% of global farming land use), Beyond Meat® is releasing its environmental, social and governance (ESG) information in support of the company’s overall mission to positively impact human health, climate change, constraints on natural resources, and animal welfare.
In his letter in the company’s 2022 ESG Report, Ethan Brown, Beyond Meat’s Founder, President and CEO, shares his vision for Beyond Meat and the plant-based meat movement as an important solution to the climate crisis. He says, “The environmental impact of our business is not a secondary consideration but is rather a reason for being….It is understandable to feel overwhelmed in face of the magnitude of this global challenge. However, defeat is not inevitable and there is much we can do today.” He proceeds to point to the positive environmental impacts of the company's flagship Beyond Burger to illustrate the important role plant-based meat can play in answering the climate threat.
The 2022 ESG Report also includes the results of Beyond Meat’s recently completed LCA study for the Beyond Burger 3.0, the latest version of its flagship product. The company conducted its first LCA on its original Beyond Burger 1.0 in 2018. In partnership with Blonk Consultants, a leading international expert in food system sustainability, the company commissioned a new study conducted according to International Organization for Standardization (ISO) recommendations and which underwent a critical review by a panel of third-party specialists.
The results show that, compared to an 80/20 ¼ lb. U.S. beef patty, a ¼ lb. Beyond Burger 3.0 patty:
- Generates 90% less greenhouse gas emissions;
- Requires 37% less non-renewable energy;
- Requires 97% less land; and
- Requires 97% less water consumption.
About Beyond Meat
Beyond Meat, Inc. (NASDAQ: BYND) is a leading plant-based meat company offering a portfolio of revolutionary plant-based meats made from simple ingredients without GMOs, no added hormones or antibiotics, and 0 mg of cholesterol per serving. Founded in 2009, Beyond Meat products are designed to have the same taste and texture as animal-based meat while being better for people and the planet. Beyond Meat’s brand promise, Eat What You Love®, represents a strong belief that there is a better way to feed our future and that the positive choices we all make, no matter how small, can have a great impact on our personal health and the health of our planet. By shifting from animal-based meat to plant-based protein, we can positively impact four growing global issues: human health, climate change, constraints on natural resources and animal welfare. Visit www.BeyondMeat.com and follow @BeyondMeat, #BeyondBurger and #GoBeyond on Facebook, Instagram, Twitter and TikTok.
Beyond Meat Forward Looking Statements
Certain statements in this release constitute “forward-looking statements.” Forward-looking statements in this release are made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934 and other federal securities laws. These statements are based on management’s current opinions, expectations, beliefs, plans, objectives, assumptions, or projections regarding future events or results, including, but not limited to, our ESG commitments, strategies, and initiatives; our business plans and strategy; our products; our opportunities for growth; and our stakeholder engagement efforts. These forward-looking statements are only predictions, not historical fact, and involve certain risks and uncertainties, as well as assumptions. Actual results, levels of activity, performance, achievements, and events could differ materially from those stated, anticipated, or implied by such forward-looking statements. While Beyond Meat believes that its assumptions are reasonable, it is very difficult to predict the impact of known factors, and of course, it is impossible to anticipate all factors that could affect actual results. There are many risks and uncertainties that could cause actual results to differ materially from forward-looking statements made herein, including, most prominently, the risks discussed under the heading “Risk Factors” in Beyond Meat's Annual Report on Form 10-K for the year ended December 31, 2022, filed with the U.S. Securities and Exchange Commission (“SEC”) on March 1, 2023, and Beyond Meat’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2023, filed with the SEC on November 9, 2023, as well as other factors described from time to time in Beyond Meat’s filings with the SEC. Such forward-looking statements are made only as of the date of this release. Beyond Meat undertakes no obligation to publicly update or revise any forward-looking statement because of new information, future events, or otherwise, except as otherwise required by law. If Beyond Meat does update one or more forward-looking statements, no inference should be made that Beyond Meat will make additional updates with respect to those or other forward-looking statements.
¹ Ritchie, Hannah. “Half of the world’s habitable land is used for agriculture.” Our World in Data. November 11, 2019, Ourworldindata.org.
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