Lancaster Colony Corporation.
LANC.US | Manufacture of other food products n.e.c.
Lancaster Colony Corporation is a manufacturer and marketer of specialty food products for the retail and foodservice markets. The company operates through two segments: Retail and Foodservice. The Retail segment focuses on products such as salad dressings and sauces, vegetable dips and fruit dips, ...Show More
Better Health for All
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No evidence available to assess Lancaster Colony Corporation on Better Health for All.
Fair Money & Economic Opportunity
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No evidence available to assess Lancaster Colony Corporation on Fair Money & Economic Opportunity.
Fair Pay & Worker Respect
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The company's CEO-to-median employee pay ratio was 123:1 for fiscal year 2024.
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Approximately 22% of employees are covered by collective bargaining agreements.
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The company has not reported any substantiated labor-law or human-rights violations in the past three years.
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However, it did incur one-time termination benefits and restructuring charges related to facility closures, including $12.1 million for Flatout and Angelic Bakehouse facilities in March 2024, and an expected $6 million for the Milpitas, California facility in June 2025.
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A merged pension plan was terminated in November 2024, resulting in a one-time noncash settlement charge of $14.0 million.
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Fair Trade & Ethical Sourcing
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No specific quantitative data is available for any of the KPIs. The articles do not provide percentages for fair-trade certified spend, average months between supplier audits, or the number of substantiated forced/child labor incidents.
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There is no percentage given for traceability coverage, median days to close corrective actions, or the percentage of contracts with enforceable ethical clauses.
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The share of spend on high-risk materials and the percentage of procurement budget directed to diverse suppliers are also not quantified.
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While the company mentions a Supplier Code of Conduct,
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Sedex membership,
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traceability systems,
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and efforts to support diverse suppliers,
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these are qualitative statements or general commitments without the specific, measurable outcomes required by the rubric's quantitative thresholds.
Honest & Fair Business
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The company maintains an Ethics Hotline, managed by an independent third party, available to all team members and external stakeholders.
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Reports are routed to appropriate functional areas or the Board for investigation and resolution, but there is no explicit evidence of independent investigation processes.
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A significant financial error is defined as a variance of more than 5% from previously reported values, which suggests a restatement every 2-3 years.
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The company monitors 100% of its manufacturing sites for Scope 1 and Scope 2 emissions, but this does not equate to independent external audit coverage of revenue, assets, or subsidiaries.
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Five of the seven board members meet Nasdaq independence requirements, meaning approximately 71% of the board is conflict-free.
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The company has a Code of Business Ethics and a Supplier Code of Conduct, is subject to the Foreign Corrupt Practices Act (FCPA) and Mexico's General Law of Administrative Responsibility, and implements an integrity policy.
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It employs third-party experts for environmental and safety compliance, including audits and assessments, and leverages them for aggregating, measuring, and calculating performance metrics, which covers approximately 50% of ethical claims.
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Kind to Animals
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No specific, concrete evidence was found in the provided articles to assess Lancaster Colony Corporation (LANC.US) against any of the 'Kind to Animals' KPIs. While the company uses raw materials including eggs and dairy-related products,
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and general industry information about animal welfare audits and certifications is mentioned, there is no data on the company's own sourcing percentages, policies, or practices related to animal welfare, testing, or conservation. The mention of 'Lancaster Beauty' testing on animals in one article is not explicitly linked to LANC.US,
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and even if it were, no volume or policy details were provided for that entity.
No War, No Weapons
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Lancaster Colony Corporation's core business is the manufacturing and marketing of specialty food products, with no evidence provided in the articles of any involvement in arms manufacturing, military contracts, or conflict facilitation.
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Therefore, for all KPIs related to defense activities, dual-use technology, sales to embargoed regimes, and related policies, the company is assessed as N/A, indicating no such activities in its core business.
Planet-Friendly Business
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No evidence available to assess Lancaster Colony Corporation on Planet-Friendly Business.
Respect for Cultures & Communities
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The company has established four formal partnerships with community groups, including Cristo Rey High School, Dress for Success, Families Flourish, and Ronald McDonald House.
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For community concerns, a confidential feedback mechanism is available for suppliers to report issues, but there is no specific information on grievance mechanisms for community stakeholders beyond this.
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In fiscal year 2024, the company's non-profit partnerships and community investments totaled $477,470 against sales of $1.9 billion, which is approximately 0.025% of revenue.
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Safe & Smart Tech
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No specific, concrete data points were found in the provided articles to assess Lancaster Colony Corporation against any of the 'Safe & Smart Tech' KPIs. The available information explicitly states a lack of quantitative data or details for all relevant metrics, including data breach severity, cybersecurity investment, privacy certifications, security training effectiveness, encryption implementation, AI ethics, data use, user controls, authentication, vulnerability management, bug bounty programs, privacy by design, security testing, data minimization, regulatory compliance, algorithmic harm remediation, and digital rights advocacy.
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Zero Waste & Sustainable Products
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Lancaster Colony Corporation achieved an 87.3% waste diversion rate.
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The company has implemented Lean Six Sigma projects to reduce waste and food loss, and operates recycling programs for various waste streams at all sites.
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For hazardous waste management, the company reported zero violations in 2023.
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Regarding packaging, 68.5% of its packaging is recyclable, and 15% of product lines utilize biodegradable packaging.
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However, the company does not have specific targets or timelines for waste reduction.
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