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OFFON

SYSCO CORPORATION

(SYY)
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Sysco : Sustainability Accounting Standards Board (SASB) Index

11/18/2021 EST

1

SYSCO'S 2021 SASB INDEX

Topic

Accounting Metric

Accounting Metric Description

Unit of Measure

Sysco Response

Fleet Fuel

FB-FR-110a.1

Fleet fuel consumed, percentage renewable

Gigajoules (GJ), Percentage (%)

Sysco is currently piloting electric vehicles. Increasing the electrification of our fleet is a primary way we can

Management

reduce our direct emissions. We are currently focused on our U.S.-based tractor fleet, as this is our largest

contributor of emissions, and will expand our efforts to other markets in the future. Refer to pg. 48 of our FY21

CSR report to review our FY21 progress.

Air Emissions from FB-FR-110b.1

Refrigeration

FB-FR-110b.2

FB-FR-110b.3

Gross global Scope 1 emissions from refrigerants

Metric tons (t) CO₂-e

61,304 t CO2e

Percentage of refrigerants consumed with zero

Percentage (%) by weight

90%

ozone-depleting potential

Average refrigerant emissions rate

Percentage (%)

0.74%

Energy

FB-FR-130a.1

(1) Operational energy consumed,

2,288,656.8 GJ (or 635,738 MWh)

Management

(2) percentage grid electricity,

Gigajoules (GJ), Percentage (%)

98.5%

(3) percentage renewable

10.1%

Food Waste

FB-FR-150a.1

Amount of food waste generated, percentage

Metric tons(t), Percentage (%)

In FY21, we have donated over 14,000 metric tons (or over 27 million meals) of excess food inventory. Sysco

Management

diverted from the waste stream

continues to focus on ways to reduce food waste, ensuring more produce makes its way to consumers and less

is thrown away. In FY21, we established a new waste partnership which has led to a data gap in diversion rate.

We will provide an updated diversion rate once the transition is completed in FY22.

Data Security

FB-FR-230a.1

(1) Number of data breaches, (2) percentage

Number, Percentage (%)

Sysco does not disclose this metric.

involving personally identifiable information (PII),

(3) number of customers affected

FB-FR-230a.2

Description of approach to identifying and

n/a

Refer to pg. 15 of 2021 Annual Report

addressing data security risks

Food Safety

FB-FR-250a.1

High-risk food safety violation rate

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.

FB-FR-250a.2

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

Number, Percentage (%)

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

(3) percentage of units recalled that are private-

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

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.

2

SYSCO'S 2021 SASB INDEX

Topic

Accounting Metric Accounting Metric Description

Unit of Measure

Sysco Response

Product Health &

FB-FR-260a.1

Revenue from products labeled and/or marketed

Reporting currency

Nutrition

to promote health and nutrition attributes

The Food and Drug Administration is currently reviewing the definition and standards of a "healthy" product. Sysco customers are provided order guides with transparent nutrition breakdowns to display what customers are purchasing. Nutrition attributes, ingredient statement, diet types, and additional claims are also included in order management systems and in Sysco's eNutrition system.

FB-FR-260a.2

Discussion of the process to identify and manage

n/a

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

products and ingredients related to nutritional

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

and health concerns among consumers

management systems and in Sysco's eNutrition system.

Product Labeling

FB-FR-270a.1

Number of incidents of non-compliance

Number

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

& Marketing

FB-FR-270a.2

with industry or regulatory labeling and/or

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

marketing codes

language, marketing claims, and utilization of trademark of certification logos. All private label packages go

FB-FR-270a.3

through a review to ensure they adhere to external and internal standards.

Total amount of monetary losses as a result of legal

Reporting currency

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

proceedings associated with marketing and/or

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

labeling practices

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 (1) containing

Reporting currency

Sysco does not disclose this metric.

genetically modified organisms (GMOs) and (2)

non-GMO

Labor Practices

FB-FR-310a.1

FB-FR-310a.2

FB-FR-310a.3

FB-FR-210a.4

(1) Average hourly wage and (2) percentage of in-

Reporting currency, Percentage (%)

(1) Sysco's hourly associates received an average hourly wage of $28.46, refer to pg. 13 of 2021 Annual Report;

store and distribution center employees earning

(2) 100% of associates in our U.S. distribution facilities received pay above state minimum wage thresholds,

minimum wage, by region

refer to pg. 13 of 2021 Annual Report

Percentage of active workforce covered under

Percentage (%)

19%, refer to pg. 4 of 2021 Annual 10-K Report

collective bargaining agreements

(1) Number of work stoppages and (2) total

Number, Days idle

(1) 0; (2) 0

days idle

Total amount of monetary losses as a result of

Reporting currency

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

legal proceedings associated with: (1) labor law

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

violations and (2) employment discrimination

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

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

Management of

FB-FR-430a.1

Discussion of strategies to reduce the

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

Social Impacts in

and paper products and delivers affordable, eco-friendly solutions.

the Supply Chain

Sysco Ireland has removed 1.3 million cardboard boxes from circulation in our delivery network since 2018 by

replacing cardboard boxes with reusable crates. Sysco Ireland will continue to roll out this initiative across all

its depots. Brakes U.K. completed its 2ZERO20 commitment in December 2020, removing hard-to-recycle black

plastic from its own brand range. Brakes U.K. is also working collaboratively with industry experts and partners

to find new innovative plastic solutions to replace any non-recyclable hard black plastic material we currently

provide, such as ready meal trays, which cannot be identified in many recycling plants.

Disclaimer

Sysco Corporation published this content on 18 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 November 2021 13:24:08 UTC.


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Sales 2022 64 892 M - -
Net income 2022 1 697 M - -
Net Debt 2022 9 104 M - -
P/E ratio 2022 23,2x
Yield 2022 2,48%
Capitalization 39 300 M 39 300 M -
EV / Sales 2022 0,75x
EV / Sales 2023 0,70x
Nbr of Employees 58 000
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Number of Analysts 16
Last Close Price 76,66 $
Average target price 87,42 $
Spread / Average Target 14,0%
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Kevin P. Hourican President, Chief Executive Officer & Director
Aaron E. Alt Chief Financial Officer & Executive Vice President
Edward D. Shirley Independent Chairman
Tom Peck Executive VP, Chief Information & Digital Officer
Sandra G. Carson VP-Enterprise Risk Management & Compliance
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