As a large food company, there are major health, environmental and social issues that go beyond short-term profitability that must shape our business if we are to realize a sustainable future. On the environmental front, we are undertaking multiple initiatives in conjunction with key customers to reduce packaging and improve its recyclability, track our greenhouse gas emissions and the miles it takes to produce and deliver food products. Increasingly and importantly, sound environmental practices are becoming a key component of competitive advantage. In 2008, we are undertaking a comprehensive planning process to measure our environmental footprint, coordinate cross-company mitigation activities and define our longer-term environmental objectives. In short, moving beyond compliance to self-directed environmental action.

On the health front, nutrition is a fundamental element of our innovation strategies. Across our portfolios we have a range of products that provide consumers with added nutritional benefits including reduced sodium and the addition of healthy ingredients like inulin, fibre and Omega 3. Our Dempster's brand is synonymous with premium nutrition in the fresh bread market; our Maple Leaf Simply Fresh products deliver reduced sodium choices; and we are providing consumers the benefit of whole grains in fresh pasta and in-store bakery products under our respective NutriWise and Wholesome Harvest brands. Aligning with our philanthropy strategy to leverage our capabilities and expertise to deliver nutritious food products to those in need, we generously donated meat and bread products last year and supported the positive contributions of our employees to local community initiatives.




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