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| [January 14, 2013] |
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Green Mountain Coffee Roasters, Inc. Evolves Corporate Sustainability Strategy
WATERBURY, Vt. --(Business Wire)--
Green
Mountain Coffee Roasters, Inc. (GMCR) (NASDAQ: GMCR), a leader in
specialty coffee and coffee makers, today announced the engagement of
strategic consultancy SustainAbility,
a leading advisor to global companies in the area of corporate
responsibility and sustainability, to collaborate on the evolution of
the Company's existing Corporate
Social Responsibility (CSR (News - Alert)) program. The work is an important step
towards advancing the Company's sustainability agenda to better align
with its growth, innovation and product diversity.
Now underway, GMCR's collaboration with SustainAbility includes a
thorough review and analysis of material sustainability opportunities
informed by external stakeholder feedback and competitive benchmarking.
The work will ensure a sharpened and continued focus on those areas and
initiatives that can deliver the greatest value to all stakeholders, and
where the Company can have the greatest societal and business impact.
GMCR President and CEO Brian P. Kelley commented: "Sustainability has
been fundamentally integrated into GMCR and is a cornerstone of its
culture and business performance. As the Company evolves, it is prudent
and good practice to review CSR activities to ensure they reflect the
current state of business, the needs of stakeholders and the maximum
potential impact these activities can have on our business and the world
around us. GMCR has consistently been recognized as a leader in
corporate sustainability and there is every intention to focus, improve
upon and continue GMCR's leadership in this area."
GMCR's Vice President of CSR Michael Dupee added: "I am excited to work
with a high-impact partner like SustainAbility, committed senior
leadership, and passionate employees as we take a significant first step
in charting the course for a new era of sustainability at GMCR. The
outcome of our collaborative work with SustainAbility will enable the
direction of resources towards the right set of sustainability
initiatives, where the most value can be created over the longest period
of time."
For more information on the Company's efforts to scale its business in
economically and environmentally responsible ways please visit www.BrewingABetterWorld.com.
About SustainAbility
SustainAbility is a think tank and strategic advisory firm working to
catalyze transformative business leadership on sustainability.
SustainAbility informs, inspires and supports senior business leaders,
helping them integrate sustainability into the core of their
organizations. Founded in 1987, SustainAbility has offices in London,
New York, Washington and San Francisco.
About Green Mountain Coffee Roasters, Inc.
(NASDAQ: GMCR)
As a leader in specialty coffee and coffee makers, Green Mountain Coffee
Roasters, Inc. (NASDAQ: GMCR) is recognized for its award-winning
coffees, innovative brewing technology, and socially responsible
business practices. GMCR supports local and global communities by
offsetting 100% of its direct greenhouse gas emissions, investing in
sustainably-grown coffee, and allocating a portion of its pre-tax
profits to socially and environmentally responsible initiatives. For
more information, please visit www.GMCR.com,
www.greenmountaincoffee.com,
or www.keurig.com.
GMCR routinely posts information that may be of importance to investors
in the Investor Relations section of its website, including news
releases and its complete financial statements, as filed with the SEC (News - Alert).
The Company encourages investors to consult this section of its website
regularly for important information and news. Additionally, by
subscribing to the Company's automatic
email news release delivery, individuals can receive news directly
from GMCR as it is released.
Forward-Looking Statements
Certain information contained in this release, including statements
concerning expected performance such as those relating to net sales,
earnings, cost savings, acquisitions and brand marketing support, are
"forward-looking statements" within the meaning of Section 21E of the
Securities Exchange Act of 1934. Generally, these statements may be
identified by the use of words such as "may," "will," "would," "expect,"
"should," "anticipate," "estimate," "believe," "forecast," "intend,"
"plan" and similar expressions intended to identify forward-looking
statements. These statements may relate to: the expected impact of raw
material costs and our pricing actions on our results of operations and
gross margins, expected trends in net sales and earnings performance and
other financial measures, the expected productivity and working capital
improvements, the ability to maximize or successfully assert our
intellectual property rights, the success of introducing and producing
new product offerings, ability to attract and retain senior management,
the impact of foreign exchange fluctuations, the adequacy of internally
generated funds and existing sources of liquidity, such as the
availability of bank financing, the expected results of operations of
businesses acquired by us, our ability to issue debt or additional
equity securities, our expectations regarding purchasing shares of our
common stock under the existing authorizations, and the impact of the
inquiry initiated by the SEC and any related litigation or additional
governmental inquiry or enforcement proceedings.
These and other forward-looking statements are based on management's
current views and assumptions and involve risks and uncertainties that
could significantly affect expected results. Results may be materially
affected by external factors such as damage to our reputation or brand
name, business interruptions due to natural disasters or similar
unexpected events, actions of competitors, customer relationships and
financial condition, the ability to achieve expected cost savings and
margin improvements, the successful acquisition and integration of new
businesses, fluctuations in the cost and availability of raw and
packaging materials, changes in regulatory requirements, and global
economic conditions generally which would include the availability of
financing, interest, inflation rates and investment return on retirement
plan assets, as well as foreign currency fluctuations, risks associated
with our information technology systems, the threat of data breaches or
cyber-attacks, and other risks described in the Company's filings with
the Securities and Exchange Commission.
Actual results could differ materially from those projected in the
forward-looking statements. The Company undertakes no obligation to
update or revise publicly, any forward-looking statements, whether as a
result of new information, future events or otherwise, except as may be
required by law.
GMCR-C

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