The events of this year, from the COVID-19 pandemic to global protests against racial injustice to the growing threat of climate change, have all underscored the need for companies like TreeHouse Foods, Inc. to be an example of what is possible. We must leverage our scale, capabilities, and influence to help address these complex social and environmental challenges. As one of the nation’s leading private label food manufacturers, we approach this call-to-action with the same passion and commitment that we bring to exceeding customer expectations.
Our customer-centric enterprise strategy, which focuses on operational excellence, commercial excellence, portfolio optimization, and people and talent, has guided us to where we are today. We believe that in order to continue achieving our mission amid the intensifying societal threats of climate change, natural resource scarcity, and growing wealth inequality, we must integrate environmental, social, and governance practices (ESG) into every aspect of our business, from our daily procedures to long term planning.
Therefore, we have deliberately expanded our efforts to map out a more robust and holistic approach to environmental stewardship, stakeholder value creation, and enterprise governance. At the beginning of 2020, our company began shifting from a more traditional sustainability-centric approach to an approach that integrates Environmental, Social, and Governance (ESG) practices into everything we do. We brought together leaders from across our organization, including our Board and its advisors, to identify priorities and set meaningful goals to meet and exceed the expectations of our employees, investors, customers, and consumers. Additionally, our Compensation Committee is focused on our human capital and culture initiatives and is evaluating how best to tie Executive Compensation in 2021 to progress against ESG goals. I believe our ESG efforts will bolster our enterprise strategy, enable us to further reduce costs, enhance efficiencies, and empower our people with a deeper sense of collective purpose.
With our sights set on our 2025 goals, this long-term journey will require the collective effort and energies of the entire TreeHouse family. I am confident the process of ESG integration, and the transformation we will undergo as an organization, will ultimately enable us to sustain a competitive advantage in a rapidly changing marketplace, industry, and world.
We appreciate your interest in TreeHouse Foods.