Lamb Weston Holdings Inc.
LW.US | Processing and preserving of fruit and vegetables
Lamb Weston Holdings, Inc. is a leading supplier of value-added frozen potato products, with a long history of partnering with customers to provide innovative products and services. The company processes, markets, and distributes frozen potato, sweet potato, appetizer and vegetable products to resta...Show More
Better Health for All
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Lamb Weston's operations generate significant positive health externalities through environmental stewardship. The company has invested in renewable energy and energy efficiency projects, decreasing greenhouse gas emissions and enhancing community health
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. It also participates in water stewardship programs in Hermiston, Oregon, improving water quality and reducing daily water consumption by almost 40%
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. The company's core products, frozen potato products, are described as safe and high-quality
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, but there is no evidence to suggest a significant net positive or negative health impact from them. The company does not offer health-related products or services requiring accessibility considerations, nor does it hold healthcare-related patents, conduct clinical trials, or produce products with addiction potential.
Fair Money & Economic Opportunity
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Lamb Weston Holdings Inc is a frozen potato products company and does not engage in financial services, microloan offerings, or small business support.
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The company does not offer lending or deposit services, consumer credit products, or financial education programs.
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Its capital allocation strategy focuses on returning cash to shareholders through dividends and share repurchases, which does not directly address financial inclusion or economic opportunity for underserved populations.
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Therefore, all KPIs related to financial services are not applicable.
Fair Pay & Worker Respect
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For fiscal year 2023, CEO Thomas Werner's total compensation was 343 times the median employee's pay.
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The company's overall employee satisfaction score is 4.1 out of 5.
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A class-action lawsuit was filed against Lamb Weston in January 2025, alleging systematic wage and hour abuses for approximately 4,530 hourly workers in Washington from January 2022 to January 2025.
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These allegations include failure to provide adequate meal and rest breaks, insufficient minimum wage payments, unpaid overtime, illegal wage deductions, and failure to accrue paid sick leave, with the lawsuit seeking at least $14 million in damages.
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Lamb Weston denies these claims.
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In March 2022, Teamsters Local 983 filed a complaint with the National Labor Relations Board, accusing the company of refusing to bargain in good faith, disciplining workers for union activities, and imposing 12-hour shifts with little notice at its American Falls, Idaho plant.
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Workers at this facility, represented by Teamsters Local 983, ratified a collective bargaining agreement that includes wage increases over three years, additional paid time off, increased pay for shift differentials, increased short-term disability benefits, a ratification bonus, and higher safety and health standards.
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The company states a commitment to equal pay for equal work, benchmarking pay ranges based on market data, and regularly reviewing compensation practices.
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U.S. employees are offered benefits such as a 401(k) plan with company matching, health insurance, disability insurance, life insurance, health savings and flexible spending accounts, wellness incentives, annual on-site health screenings, paid time-off, family leave, parental leave, employee assistance programs, and tuition reimbursement opportunities.
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Fair Trade & Ethical Sourcing
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No specific, quantifiable data points were found in the provided articles to assess Lamb Weston Holdings Inc against the defined KPIs for Fair Trade & Ethical Sourcing. While the company issued a statement against modern slavery requiring adherence to a Supplier Code of Conduct
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and invested in sustainable farming
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, the articles do not provide percentages for certified spend, audit frequencies, incident counts, traceability coverage, remediation speeds, ethical clause coverage, high-risk material spend, or supplier diversity spend.
Honest & Fair Business
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The company has indicated no financial restatements in its recent filings.
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It has an anti-corruption policy that includes compliance with the Foreign Corrupt Practices Act for international operations
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and a global Code of Conduct promoting adherence to legal standards,
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though details on training frequency or effectiveness metrics are not available. Eight of nine (88.89%) of the company's directors are independent,
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with all Audit and Finance Committee and Compensation Committee members satisfying additional independence requirements.
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However, the company is currently facing significant legal challenges, including consolidated class action lawsuits filed in June and November 2024 alleging violations of federal securities laws
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due to misrepresentations and omissions regarding its ERP system,
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which reportedly led to over $130 million in lost sales
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and a $330 million cut in sales guidance for fiscal year 2024.
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Additionally, in November 2024, the company became a defendant in consolidated class action antitrust lawsuits in the U.S. and Canada, alleging a conspiracy to raise frozen potato product prices since January 2021.
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The company states it believes these lawsuits lack merit and intends to vigorously defend against the allegations.
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Kind to Animals
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No specific, quantifiable data points related to animal welfare, cruelty-free certifications, animal testing, humane operations, wildlife conservation impact, ethical input substitution, supplier audits for welfare, cage-free sourcing, or R&D investment in animal-free alternatives were found in the provided articles.
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While a Supplier Code of Conduct (last modified December 19, 2024) requires suppliers to implement humane procedures for animals, no measurable outcomes or percentages of compliance are available.
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Similarly, mentions of 'regenerative agricultural programs'
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and engagement with 'regulatory factors'
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are too general to be scored against specific animal welfare KPIs.
No War, No Weapons
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The company does not actively participate in or specifically address peace-building initiatives. It has no engagement in military sectors and no involvement in military or arms-related sectors.
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Consequently, there is no defense business for the board to oversee, no weapons red lines are needed, no exposure to any weapons, no defense assets to divest, and no ethical red lines related to weapons are applicable to its business model.
Planet-Friendly Business
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Lamb Weston diverted 93% of its manufacturing waste from landfills in 2022 through recycling and beneficial reuse programs
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. The company has committed to the Science Based Targets initiative (SBTi) to align its carbon emissions targets with the UN Paris Agreement
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. It also reports to the Task Force on Climate-related Financial Disclosures (TCFD)
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. The company aims to reduce water, nitrogen, and AI pesticide use by 5% per ton of crop harvested by 2030
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, and reduced water usage by 5.5% per pound of finished product compared to its 2015 baseline, saving approximately 154 million gallons of water
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. It implements Integrated Pest Management practices, prioritizes regenerative agriculture, and has adopted global EHS standards based on ISO 45001 and ISO 14001 principles
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. Investments include advanced water reclamation systems, energy-efficient lighting, HVAC systems, and solar panels at production facilities
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. Through 2025 Sustainability Awards projects, 12,000 metric tons of GHG emissions were avoided
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, 800 million gallons of fresh water saved
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, and 1,800 tons of waste and food waste reduced
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, with $25 million invested in sustainability initiatives
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. The company partners with Atlas Agro for green fertilizers
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and uses Pulsed Electric Field (PEF) technology
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.
Respect for Cultures & Communities
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No cultural appropriation incidents were reported in the provided articles.
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Safe & Smart Tech
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Lamb Weston has a cybersecurity rating of 90 out of 100 by SecurityScorecard.
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The company maintains a comprehensive cybersecurity risk management program, which includes policies, an incident response plan, regular risk assessments, and employee training.
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Third-party assessments evaluate controls, aligning with NIST standards.
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A CISO oversees these initiatives, reporting to the CIDO, and the Audit Committee receives regular updates.
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In March 2022, Lamb Weston adopted Vectra's cybersecurity technology to improve infrastructure, gaining visibility across on-premises systems and cloud services like Microsoft 365.
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This technology enables proactive monitoring, and the company utilizes Vectra's MDR service for 24/7 monitoring and analysis to identify and mitigate security issues quickly.
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Zero Waste & Sustainable Products
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Lamb Weston's packaging is 100% recyclable, with cartons made from 90% recycled cardboard.
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The company has reduced its food loss by nearly one-third through efficient manufacturing and regenerative agricultural programs.
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Lamb Weston has also set a company-wide goal to achieve zero waste to landfill by 2030.
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