Born on a Bike, Kitchen Crafted, Family and Employee-owned BRUCE LYMBURN GENERAL COUNSEL AND SECRETARY

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1 Born on a Bike, Kitchen Crafted, Family and Employee-owned BRUCE LYMBURN GENERAL COUNSEL AND SECRETARY

2 Origins of Clif Bar & Company In 1990 Gary Erickson was living in a garage in Emeryville, working as a baker, and indulging his passion for cycling. During a 175-mile bike ride Gary realized he couldn t take another bite of the energy bars he brought along. At that moment he now calls the epiphany, the inspiration to make a better tasting bar started to become a reality. Gary spent months in his mom s kitchen creating and testing recipes that would meet his goal of a better tasting portable nutritious food bar.

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4 P U R P O S E to run a different kind of company the kind of place we d like to work, that makes the kind of food we d like to eat, that strives for a healthier, more sustainable world, the kind of world we d like to pass on to our children. - Kit Crawford

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7 18% TEN-YEAR CAGR 33% CATEGORY SHARE 17 C O U N T R I E S 1,100+ E M P L O Y E E S

8 CLIF BAR GOES TO IDAHO WHY?

9 Betting on a New Consumer

10 ORGANIC IS GOOD BUSINESS Organic food now accounts for 5.3% of overall food sales in US 15% of all fruits & vegs consumed in US are organic >82% of US households buy organic food on a regular basis Source: OTA

11 TURNING POINT: Corporate Progress on the Ceres Roadmap for Sustainability takes a closer look at how more than 600 of the largest U.S. companies are responding to calls to recognize, assess and mitigate the sustainability risks they face, and position themselves for success in a world increasingly shaped by unprecedented environmental and social challenges.

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18 Clif Bar s Search for a Western Manufacturing Center: The Quest for Authenticity The Clif Bar search team looked at: Six States Twelve Metropolitan Areas 32 Individual Communities/Cities Over 70 Individual Parcels

19 5 Aspirations Evaluation Introduction A Comparison of the Three (3) Finalist Location Candidates Through a 5 Aspirations Criteria Filter. Sustaining our Planet Ability for Products to be Baked with Clean, Renewable Energy (What it the Carbon Footprint of the Utility)? Does the State have a Renewable Portfolio Standard (RPS) in Place? If Not, Comment. Carbon Footprint of Project Aspire For Ground Transportation? Potential Carbon Footprint Reductions Offered by Location? (Rail; Synergies with like industries (wastes, vendors, farms, other) Does the State offer incentives for Renewable Energy and/or Energy Efficiency? Does the Utility offer incentives for Renewable Energy and/or Energy Efficiency? Sustaining our Community Location; Economic Base; Quality of Life Amenities Community Preparedness for Business and overall cleanliness What are the Community Sustainability Initiatives Sustaining our People Qualified Workforce/Skill Set Availability vs. Growth & Area Competition Labor (Availability, Costs, Quality, Attitude) Outdoor Activities, Biking, Hiking, Canoeing, Other Sustaining our Business Utilities (Availability, Costs) Site Quality and Anticipated Development Costs, Surrounding Environment Incentives (State and Local) For Initial and Longer Term Operating Cost Reduction Education Initiatives (Secondary & Post-Secondary Education Working in Collaboration With Each Other, And With Local Industries, To Ensure That Manufacturers have the Talent they Need). Sustaining our Brands (Aggressively promoting products produced locally) Community s Overall Ability to Address the 5 Aspirations Criteria in Equal Balance Working Document Tuesday, August 06, 2013 J.M. MULLIS, INC. PROFESSIONAL PROJECT LOCATION SPECIALISTS

20 5 Aspirations Evaluation Executive Summary and Rationale Working Document Tuesday, August 06, 2013 Sustaining our Planet Reducing our ecological footprint Location Xxxxxxxxxx Yyyyyyyyyy Twin Falls, ID Ability for Products to be Baked with Clean, Renewable Energy (ie: Carbon Footprint of Utility)? Renewable Portfolio Standard (RPS) in Place by State? If Not, Comments Weak Coal (61%) Weak Coal (61%) No - However, under S.B. 202 (Renewable Portfolio Goals) - to the extent that it is cost-effective to do so -- investor-owned utilities, municipal utilities and cooperative utilities must use eligible renewables to account for 20% of their 2025 adjusted retail electric sales. Utah s goal has no interim targets. The first compliance year is Good Hydroelectric (52%) Coal (33%) No; However, Renewable sources already account for 67.0%. Carbon Footprint For Ground Transportation? Level of emissions generated by transporting ingredients and Equal Equal Equal finished product by truck of equal) Potential Carbon Footprint Reductions Offered by Location? Rail access for the possible future transport of finished goods Synergies with like industries (wastes, vendors, farms, other) Not an option Weak Not an option Good Strong Strong Renewable Energy and/or Energy Efficiency Incentives by State? Good (Some) Good (Some) Weak (No) Renewable Energy and/or Energy Efficiency Incentives by Utility? Strong Strong Strong Sustaining our Community Community Sustainability Initiatives Recycling Programs Availability of Public Transit Overall Quality of Life amenities Community Preparedness for Business and overall cleanliness Sustaining our Brands Aggressively promoting and marketing products produced in the location/state via Website and Marketing Publications Sustaining our People Qualified Workforce/Skill Set Availability vs. Growth & Area Competition Labor (Availability, Costs, Quality, Attitude) Outdoor Activities, Biking, Hiking, Canoeing, Other Strong In Discussion Good Good Strong In Discussion Good to Strong Good to Strong Strong In Discussion Strong Strong Good Good Strong Weak Good Strong Good Good to Strong Strong Strong Good to Strong Strong J.M. MULLIS, INC. PROFESSIONAL PROJECT LOCATION SPECIALISTS

21 5 Aspirations Evaluation Sustaining our Planet Ability for Products to be Baked with Clean, Renewable Energy (ie: Carbon Footprint of Utility)? State-by-State Emissions Summary Working Document Tuesday, August 06, 2013 Total CO 2 Emissions (million ton; 2011 All Sources - CO 2 Emission Rate (lb/mwh; 2011 Fossil - CO 2 Emission Rate (lb/mwh; 2011 Electricity Exporters/ Transporters (Net Trade Index; 2011 UTAH IDAHO Texas Pennsylvania Florida Ohio Indiana Illinois Kentucky Missouri Alabama West Virginia Georgia Michigan North Carolina Louisiana Arizona Oklahoma Wyoming Wisconsin Tennessee Colorado Iowa California South Carolina Kansas Arkansas New York Utah Minnesota New Mexico North Dakota Nebraska Virginia Mississippi Maryland Montana New Jersey Massachusetts Nevada Washington Hawaii Connecticut Oregon New Hampshire Delaware Alaska Rhode Island South Dakota Maine Idaho Vermont UTAH IDAHO Source: Benchmarking Air Emissions Of the 100 Largest Electric Power Producers in the United States; May 2013 WY KY WV IN ND MO UT NM OH KS CO NE IA WI OK HI DE MN MI TX MT GA AR LA AL MD NC FL TN AZ PA AL IL MS NV RI VA MA SC NH NY SD NJ CA CT ME OR WA VT ID 1,804 UTAH IDAHO 66 ND SD MT WY KS IA NE IL MO KY MN TN WV MD IN WI OH MI CO UT NM NC AR SC PA AZ GA OK HI AL WA VA TX LA AK DE MS FL NH OR NY NV NJ MA CT CA ME ID RI VT UTAH 1, IDAHO WY ND WV MT NH VT AL NM AZ PA IL UT ME IA SC OK NE AR OR CT KS IN MI WA MO TX NV RI KY HI MS AK NY LA FL CO OH GA NC WI MN SD MA NJ TN CA MD VA ID DE 123% 47% 96: Total In-State Supply Of Electricity As % Share Of Total In-State Consumption Needs J.M. MULLIS, INC. PROFESSIONAL PROJECT LOCATION SPECIALISTS

22 "We don t have a single customer saying, 'Will you build us a 100 percent coal plant? Berkshire Hathaway VP Jonathan Weisgall said. "Google, Microsoft, Kaiser Permanente all want 100 percent renewable energy. We re really transitioning from a push mandate on renewable energy, to more of a customer pull."

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26 Growing Together

27 OAKLAND S WENDEL ROSEN: THE FIRST GREEN CERTIFIED LAW FIRM More and more consumers place a premium on the health of their families, the planet, and the future of society. Consumers are no longer content with ordinary supplies of goods and services, but instead want to integrate their social, political and economic values with their purchasing power. We believe that entrepreneurs who respond to this market reality can combine business success with socially and environmentally responsible action.

28 Clean Energy Leadership 50/50 by 2020 commitment Biodiesel-fueled fleets No-waste philosophy States Logistics

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30 Thank you