Conagra Brands Inc - Water 2018

W0. Introduction

W0.1

(W0.1) Give a general description of and introduction to your organization.

Conagra Brands, Inc. (NYSE: CAG), headquartered in Chicago, is one of North America's leading branded food companies. Guided by an entrepreneurial spirit, Conagra Brands combines a rich heritage of making great food with a sharpened focus on innovation. The company's portfolio is evolving to satisfy people's changing food preferences. Conagra Brands iconic brands, such as Marie Callender's®, Reddi-wip®, Hunt's®, Healthy Choice®, Slim Jim® and Orville Redenbacher's®, as well as emerging brands, including Alexia®, Blake's® and Frontera®, offer choices for every occasion. At Conagra Brands, corporate social responsibility is a natural extension of our purpose and operating principles. We have identified four strategic focus areas that reflect and articulate our values as a responsible corporate citizen: Good Food, Stronger Communities, Better Planet and Responsible Sourcing. Within each of these areas, we focus on issues that are most material to our business and stakeholders and most meaningful to our role in the industry, the marketplace and our environment. Within the Better Planet focus, our commitment to protecting the environment is deeply rooted in our company values and comes alive through collaboration, imagination and having strong external awareness. We recognize that the company’s long-term success is measured far beyond financial metrics and includes social and environmental performance. Conagra Brands set environmental performance goals for the first time in 2008. In 2013, the company announced a new sustainability vision for 2020 with focus areas remaining largely the same, but with updated, measurable objectives for the next several years. We’re working along two business strategies: first, striving to eliminate waste of all kinds – energy, water, and materials – to improve efficiency in our operations; second, ensuring we have long-term access to the resources required to make our products through sustainable sourcing programs. We are actively working to achieve these goals by 2020: reduce greenhouse gas emissions by 20% per pound of product produced and reduce water use by 20% per pound of product produced. We also are committed to continuing our zero waste-to-landfill journey while directing materials to the highest and best use. We work to lead the industry in packaging for sustainable systems, with continuous improvement of design and understanding the role packaging plays in preventing food waste. Our Responsible Sourcing pillar includes promotion of sustainable agriculture practices with our contracted farmers; considering environmental, social and economic impacts across our supply chain; and participating in certified sustainable sourcing programs where material to our business.

W-FB0.1a

(W-FB0.1a) Which activities in the food, beverage, and tobacco sector does your organization engage in? Processing/Manufacturing

W0.2

(W0.2) State the start and end date of the year for which you are reporting data.

Start date End date Reporting year June 1 2016 May 31 2017

W0.3

CDP Page 1 of 38 (W0.3) Select the countries/regions for which you will be supplying data. Canada Mexico United States of America

W0.4

(W0.4) Select the currency used for all financial information disclosed throughout your response. USD

W0.5

(W0.5) Select the option that best describes the reporting boundary for companies, entities, or groups for which water impacts on your business are being reported. Companies, entities or groups over which operational control is exercised

W0.6

(W0.6) Within this boundary, are there any geographies, facilities, water aspects, or other exclusions from your disclosure? Yes

W0.6a

(W0.6a) Please report the exclusions.

Exclusion Please explain

Conagra Brands reported water footprint includes water use Conagra Brands reported water footprint includes water use from all manufacturing locations and from all manufacturing locations and headquarter facilities headquarter facilities where data is available. Exclusions to our reported water use includes a where data is available. Exclusions to our reported water use limited number of locations with unmetered wells. Leased administrative offices, primarily Conagra includes a limited number of locations with unmetered wells. Brands sales offices, are outside of the operational control boundary. Water use at these locations Leased administrative offices, primarily Conagra Brands sales is not material compared to water use at our food production locations. The following joint ventures offices, are outside of the operational control boundary. Water are not within our operational control and are not included in the reporting boundary: Ardent Mills use at these locations is not material compared to water use at LLC (US), Productos de Verde Valle, sa de cv (Mexico), Hunt-Universal Robina Corp. our food production locations. The following joint ventures are (Philippines), and Agro Tech Foods Limited (India). Additionally, Lamb Weston Holdings, Inc. and not within our operational control and are not included in the corresponding joint ventures including Lamb-Weston/RDO (US), Lamb Weston BSW, LLC (US) reporting boundary: Ardent Mills LLC (US), Productos de Verde and Lamb Weston Meijer v.o.f. (Netherlands), along with Watts Brothers 100 Circles Farm in Valle, sa de cv (Mexico), Hunt-Universal Robina Corp. Washington state are excluded. Water use from locations with unmetered wells is excluded (Philippines), and Agro Tech Foods Limited (India). Additionally, because data is not available and based on activity at these locations, we do not believe these to Lamb Weston Holdings, Inc. and corresponding joint ventures be a material omission. Lamb Weston Holdings, Inc. and its subsidiaries and affiliates (including including Lamb-Weston/RDO (US), Lamb Weston BSW, LLC joint ventures) were spun off by Conagra Brands (then known as ConAgra Foods, Inc.) pursuant (US) and Lamb Weston Meijer v.o.f. (Netherlands), along with to a tax-free spinoff completed on November 9th, 2016. Because Lamb Weston is no longer part Watts Brothers 100 Circles Farm in Washington state are of Conagra Brands, information about Lamb Weston is not included in this data. excluded.

W1. Current state

W1.1

CDP Page 2 of 38 (W1.1) Rate the importance (current and future) of water quality and water quantity to the success of your business.

Direct use Indirect Please explain importance use rating importance rating Sufficient Vital Important Our manufacturing facilities must have access to clean water to operate. Water is used as an ingredient in many of our amounts products, it is critical for sanitation and food safety, and is often a key part of food preparation through heating, cooling or of good moving food through production steps. The "vital for operations" importance rating was selected because we would not be quality able to produce our products without clean water. Our suppliers and contracted growers also depend on the availability of freshwater water to grow crops and produce the raw materials needed for making our food. Similarly, this dependency provides basis available for selecting the "important" rating for indirect water use. Provided that our network of suppliers and contracted growers for use remains the same, we do not anticipate that our organization’s dependence on good quality freshwater will differ over time. We expect continuing pressure on global water supply which puts pressure on agricultural systems from where we source our ingredients. Sufficient Not very Not very Conagra Brands uses water sourced from recycled, brackish, and/or produced water in select manufacturing locations which amounts important important utilize on-site wastewater treatment. This recycled water allows us to reduce the amount of freshwater used in certain unit of operations where food safety is not a risk and freshwater is not a requirement, such as cleaning wastewater treatment filter recycled, screens. The rating of “not very important” was selected as the number of sites that are able to utilize recycled water is brackish limited. Likewise, it was determined that the use of recycled, brackish, and/or produced water available for our suppliers' and/or indirect use is “not very important” in contrast to the availability of sufficient amounts of good quality freshwater to grow crops produced and produce the raw materials needed for making our food. We do not anticipate that our organizations’ dependency on water sufficient amounts of recycled, brackish and/or produced water will differ over time, consistent with our industry. available for use

W-FB1.1a

(W-FB1.1a) Which water-intensive agricultural commodities that your organization produces and/or sources are the most significant to your business by revenue? Select up to five.

Agricultural % of Produced Please explain commodities revenue and/or dependent sourced on these agricultural commodities

Cattle 41-60 Sourced Conagra Brands considers this commodity to have significant revenue impact due to current portfolio use (noted by products percentage of revenue dependent metric), and broader corporate reputation and investor confidence revenue impacts associated with sustainable sourcing of this commodity. Water intensity of this commodity is one of several environmental factors tied to this ingredient. We approach sustainable sourcing holistically. Beef is the primary ingredient in Duke’s®, Slim Jim® meat snacks and Hebrew National® kosher franks. It is also an ingredient in select Banquet® and Marie Callender’s® offerings, Chef Boyardee® beef ravioli and other canned pasta products. Palm oil 10-20 Sourced Conagra Brands considers this commodity to have significant revenue impact due to current portfolio use (noted by percentage of revue dependent metric), and broader corporate reputation and investor confidence revenue impacts associated with sustainable sourcing of this commodity. Water intensity of this commodity is one of several environmental factors tied to this ingredient. We approach sustainable sourcing holistically. Palm oil is primarily used in Orville Redenbacher’s® and ACT II® microwave popcorn, margarine products and Swiss Miss and Hunt’s® Snack Pack puddings and Peter Pan® peanut butter. We secured supply chain certification for 98% of our production facilities that use palm oil. Certification of these facilities enable use of Mass Balance certified oil for about 93% of our consumption.

Other, please More than Sourced Conagra Brands considers this commodity to have significant revenue impact due to current portfolio use (noted by specify 80% percentage of revue dependent metric), and broader corporate reputation and investor confidence revenue impacts (Paper/Pulp) associated with sustainable sourcing of this commodity. Water intensity of this commodity is one of several environmental factors tied to this ingredient. We approach sustainable sourcing holistically. Fiber-based packaging is used for virtually all of our products for distribution packaging and for many of our products in primary or secondary packaging, e.g. microwave popcorn bags and folding cartons for single serve frozen meals.

Soy 41-60 Sourced Conagra Brands considers this commodity to have significant revenue impact due to current portfolio use (noted by percentage of revue dependent metric), and broader corporate reputation and investor confidence revenue impacts associated with sustainable sourcing of this commodity. Water intensity of this commodity is one of several environmental factors tied to this ingredient. We approach sustainable sourcing holistically. Soy products are mainly used as ingredients in Wesson® oils, Banquet® frozen products, Marie Callender’s® pies, Chef Boyardee® canned pasta products, Healthy Choice® frozen meals, and Slim Jim® meat snacks.

W1.2

CDP Page 3 of 38 (W1.2) Across all your operations, what proportion of the following water aspects are regularly measured and monitored?

% of Please explain sites/facilities/operations Water 100% Conagra Brands measures the total volume of water withdrawal on a monthly basis for all facilities using the withdrawals – Sustainable Development Reporting Tool, our proprietary, sustainability metric database and reporting system. Water total volumes withdrawal is reported monthly to management at the company, business unit, and facility level as part of our operations period review meetings.

Water 100% Conagra Brands measures the total volume of water withdrawal from water stressed areas on an annual basis as part withdrawals – of our annual Water Risk Assessment for all facilities using WRI’s Aqueduct Measuring and Mapping Water Risk tool. volumes from Conagra Brands also maintains a current map of supplier and manufacturing locations correlated with geological water stressed survey maps to cross-reference water stressed areas in real-time. These maps aid in decision-making and the areas lessening of potential risk or impact on our facilities and transportation networks. Measured water withdrawal from water stressed areas is reported annually to management at the company, business unit, and facility level as part of our operations period review meetings.

Water 100% Conagra Brands measures the total volume of water withdrawal by source on a monthly basis for all facilities, using withdrawals – the Sustainable Development Reporting Tool, our proprietary, sustainability metric database and reporting system. volumes by Water withdrawal sources applicable to our facilities include surface water, well water, and municipal water. Water source withdrawal by source is included in the monthly report to management at the company, business unit, and facility level as part of our operations period review meetings. Produced water associated with your metals & mining sector activities - total volumes Produced water associated with your oil & gas sector activities - total volumes

Water 100% Conagra Brands measures the quality of water withdrawal on a weekly, monthly and annual basis at all facilities in withdrawals accordance with our water policy. quality Water 100% Conagra Brands measures the total volume of water discharge on a monthly basis for all facilities, using the discharges – Sustainable Development Reporting Tool, our proprietary, sustainability metric database and reporting system. total volumes Water 100% Conagra Brands measures the total volume of process water discharge by destination on a monthly basis for all discharges – facilities, using the Sustainable Development Reporting Tool, our proprietary, sustainability metric database and volumes by reporting system. Water discharge destinations applicable to our facilities include publicly owned treatment works destination (POTW), land/irrigation, and direct discharge.

Water 100% Conagra Brands measures and monitors process water discharge volume by treatment method on a monthly basis for discharges – all facilities. For our locations, there is direct correlation between process water discharge by destination and by volumes by treatment method. For example, over 70 percent of our process water discharge is sent to local POTWs, which is both treatment a destination and treatment method. method Water 76-99 Approximately 90 percent of Conagra Brands facilities operates under a site-specific wastewater discharge permit, discharge which requires these locations to regularly measure and monitor water discharge quality data to ensure compliance quality – by with specified parameters. The remaining facilities are not required to have discharge permits due to quantity standard discharged and do not have on-site meter such as our bulk popcorn facility in Lake View, Iowa. effluent parameters Water 26-50 Conagra Brands measures water discharge temperature in accordance with all applicable permits. discharge quality – temperature Water 76-99 Conagra Brands has started working on site-specific projects to map water usage throughout the facility including any consumption – water consumed in our products. In FY15 we began pulling water consumption reports from our manufacturing total volume database, detailing water consumed in our product recipes for our US based facilities. These locations represent 86 percent of total water withdrawals with the following locations excluded due to system constraints: three international locations and the Spicetec Flavors & Seasonings business, which Conagra Brands divested in July 2016.

Water 1-25 Conagra Brands standard procedure is reusing heating and cooling water wherever appropriate. Conagra Brands recycled/reused measures the total volume of water recycled/reused on a monthly basis for all facilities, using the Sustainable Development Reporting Tool, our proprietary, sustainability metric database and reporting system. The provision of 100% Conagra Brands provides access to full-functioning Water, Sanitation and Hygiene (WASH) services for all employees fully- as it is critical to our business and food safety & quality standards we adhere to. Since access to fully functioning functioning, WASH services for all workers is included in our health and safety inspections and certificates, all our facilities safely managed regularly measure and monitor this metric during health and safety audits. WASH services to all workers

CDP Page 4 of 38 W1.2b

(W1.2b) What are the total volumes of water withdrawn, discharged, and consumed across all your operations, and how do these volumes compare to the previous reporting year?

Volume Comparison Please explain (megaliters/year) with previous reporting year Total 15339 About the One Conagra Brands facility relies on the use of fresh surface water Menomonie, WI. Menomonie uses surface withdrawals same water for non-contact cooling purposes. Five Conagra Brands locations rely on the use of groundwater for production: Kent, WA, Memphis, TN, Newport, TN, Oakdale, CA and Quincy, MI. Total withdrawals dropped because in FY 2016, our Helm, CA facility has been closed. We anticipate a continued decrease in total withdrawals towards achievement of our 2020 goal. Thresholds used include: Less than (51) much lower, (6)-(50) lower, (5)-5 about the same, 6-50 Higher, greater than 51 much higher. Total 10267 About the Fresh surface water is a destination for one Conagra Brands facility in Menomonie, WI. After use in the facility, discharges same surface water is discharged to direct discharge or land irrigation. Groundwater is used at 5 of our manufacturing facilities (Kent, WA, Memphis, TN, Newport, TN, Oakdale, CA and Quincy, MI) and can be discharged through land irrigation, direct discharge or sent to the municipal treatment center depending on the set up of the facility. Water use remained flat directly resulting in little change in discharged by our facilities. We anticipate a decrease in total discharges in accordance with anticipated decrease in water withdrawal towards achievement of our 2020 goal. Thresholds used include: Less than (51) much lower, (6)-(50) lower, (5)-5 about the same, 6-50 Higher, greater than 51 much higher. Total 5072 Lower This year water consumption was calculated based on the difference between withdraw and discharges. Previously consumption Water consumption was pulled for 34 Conagra Brands plant locations out of our manufacturing database, detailing water use in our product recipes. Recalculating the FY 2016 numbers with the new methodology we saw a 13% decrease in consumption. Thresholds used include: Less than (51) much lower, (6)-(50) lower, (5)-5 about the same, 6-50 Higher, greater than 51 much higher.

W1.2d

(W1.2d) Provide the proportion of your total withdrawals sourced from water stressed areas.

% Comparison Identification Please explain withdrawn with tool from previous stressed reporting areas year Row 26.03 About the WRI Conagra Brands defines water withdrawals sourced from a water stressed area as the sum of municipal, 1 same Aqueduct groundwater and surface water sourced from geographic areas where Baseline Water Stress is equal to/greater than high: 40-100%. In FY 2017, 26.03% of the water withdrawn by Conagra Brands was from an area defined as water stressed. In FY 2016, water withdrawals sourced from water stressed areas was 24.8%. Conagra Brands Brand’s Oakdale, CA; Quincy, MI; Archbold, OH; and Irapuato, MEX facilities are located in areas that Congra Brands defines as water stressed AND their total water usage is significant enough to impact relevant water sources. Through the use of WRI’s Aqueduct tool for our annual Risk Assessment, we determined that our Oakdale, CA and Quincy, MI are reporting Baseline Water Stress at an Extremely High level (>80%). Our Archbold, OH and Iraputo, Mexico locations are reporting Baseline Water Stress at a High level (40-80%).

W-FB1.2e

CDP Page 5 of 38 (W-FB1.2e) For each commodity reported in question W-FB1.1a, do you know the proportion that is produced/sourced from water stressed areas?

Agricultural The proportion The proportion Please explain commodities of this of this commodity commodity produced in sourced from water stressed water stressed basins is known basins is known

Cattle Not applicable Yes Water stressed areas are identified through Conagra Brands use of WRI’s Aqueduct global water risk products mapping tool. We currently use the Food & Beverage weighting scheme and assess 1,500 supplier locations as part of our sustainable sourcing program. We evaluate individual supplier efforts to track, disclose and manage water risk via an annual Supplier Excellence program sustainability assessment. Suppliers covered via these efforts make up at least 80% of our procurement by spend.

Palm oil Not applicable Yes Water stressed areas are identified through Conagra Brands use of WRI’s Aqueduct global water risk mapping tool. We currently use the Food & Beverage weighting scheme and assess 1,500 supplier locations as part of our sustainable sourcing program. We evaluate individual supplier efforts to track, disclose and manage water risk via an annual Supplier Excellence program sustainability assessment. Suppliers covered via these efforts make up at least 80% of our procurement by spend.

Other Not applicable Yes Water stressed areas are identified through Conagra Brands use of WRI’s Aqueduct global water risk commodities mapping tool. We currently use the Food & Beverage weighting scheme and assess 1,500 supplier locations from W- as part of our sustainable sourcing program. We evaluate individual supplier efforts to track, disclose and FB1.1a, manage water risk via an annual Supplier Excellence program sustainability assessment. Suppliers covered please via these efforts make up at least 80% of our procurement by spend. specify (Paper/pulp)

Soy Not applicable Yes Water stressed areas are identified through Conagra Brands use of WRI’s Aqueduct global water risk mapping tool. We currently use the Food & Beverage weighting scheme and assess 1,500 supplier locations as part of our sustainable sourcing program. We evaluate individual supplier efforts to track, disclose and manage water risk via an annual Supplier Excellence program sustainability assessment. Suppliers covered via these efforts make up at least 80% of our procurement by spend.

W-FB1.2g

CDP Page 6 of 38 (W-FB1.2g) What proportion of the sourced agricultural commodities reported in W-FB1.1a originate from water stressed areas?

Agricultural % of total Please explain commodities agricultural commodity sourced in water stressed areas

Cattle 40 Conagra Brands sources beef from the United States, Australia, Brazil, Canada, Uruguay. Percentage Conagra Brands sourced from products water stressed areas represents an approximation of major production regions for this commodity that fall into medium – extremely high-risk areas on 2018 WRI Aqueduct Water Risk Atlas. Australia is the most water-stressed geography we source from, but represents a very small part of our overall beef sourcing. This is our first year of tracking sourced commodities from water stressed regions, but we estimate the percentage to be relativity unchanged from 2016. Under a business as usual climate scenario, 2018 WRI Aqueduct maps indicate these areas are expected to remain at near normal water stress or experience a 1.4x increase in select pockets. Palm oil 5 Conagra Brands sources palm oil from Brazil, Colombia, Ecuador, Malaysia, Mexico, with the large majority coming from Malaysia. Ceres’ Know the Chain investor brief on palm oil risk indicates that the commodity in general is at low risk for water use and pollution. Percentage Conagra Brands sourced from water stressed areas represents an approximation of major growing regions for this commodity that fall into medium – extremely high-risk areas on 2018 WRI Aqueduct Water Risk Atlas (majority of Mexico and parts of Ecuador). This is our first year of tracking sourced commodities from water stressed regions, but we estimate the percentage to be relativity unchanged from 2016. Under a business as usual climate scenario, 2018 WRI Aqueduct maps indicate these areas are expected to remain at near normal water stress, with some pockets of decreasing water stress (Ecuador) and increasing water stress (Mexico). Other 15 Timber used to produce Conagra Brands distribution packaging (primary, secondary and tertiary) is sourced from Canada, United sourced States and Sweden. Percentage sourced from water stressed areas represents an approximation of regional sourcing that falls into commodities medium – extremely high-risk areas on 2018 WRI Aqueduct Water Risk Atlas. This is our first year of tracking sourced commodities from W- from water stressed regions, but we estimate the percentage to be relativity unchanged from 2016. Under a business as usual climate FB1.2e, scenario, 2018 WRI Aqueduct maps indicate these areas are expected to remain at near normal water stress or experience a 1.4x please increase in select pockets. specify (Paper/pulp) Soy 50 Conagra Brands sources soy products from the Midwest United States, including Illinois and Indiana. Percentage Conagra Brands sourced from water stressed areas represents an approximation of major production regions for this commodity that fall into medium – extremely high-risk areas on 2018 WRI Aqueduct Water Risk Atlas. This is our first year of tracking sourced commodities from water stressed regions, but we estimate the percentage to be relativity unchanged from 2016. Under a business as usual climate scenario, 2018 WRI Aqueduct maps indicate these areas are expected to remain at near normal water stress or experience a 1.4x increase in select pockets.

W1.2h

CDP Page 7 of 38 (W1.2h) Provide total water withdrawal data by source.

Relevance Volume Comparison Please explain (megaliters/year) with previous reporting year Fresh surface Relevant 558.65 About the Our Menomonie, WI facility relies on the use of fresh surface water for non-contact cooling water, including same purposes. Total fresh surface water use dropped 2.5%. Our Menomonie facility contributed to this rainwater, water decrease in annually sourced fresh surface water by decreasing their use by 2.5%. We anticipate from wetlands, a continued decrease in volume of fresh surface water towards achievement of our 2020 goal. rivers, and lakes Thresholds used include: Less than (51) much lower, (6)-(50) lower, (5)-5 about the same, 6-50 Higher, greater than 51 much higher. Brackish surface Not previous reporting year. We expect this withdrawal amount to remain the same into the foreseeable future. Withdrawal from this source is not relevant to the locations where Conagra Brands is currently operating. Thresholds used include: Less than (51) much lower, (6)-(50) lower, (5)-5 about the same, 6-50 Higher, greater than 51 much higher.

Groundwater – Relevant 4768.63 Higher Five Conagra Brands locations rely on the use of groundwater for production. Iraputo and renewable Memphis saw an increase in renewable groundwater use resulting in a 12% increase in renewable groundwater use for Conagra Brands. We anticipate a decrease in volume of renewable ground water towards achievement of our 2020 goal. Thresholds used include: Less than (51) much lower, (6)-(50) lower, (5)-5 about the same, 6-50 Higher, greater than 51 much higher.

Groundwater – Not previous reporting year. We expect this withdrawal amount to remain the same into the foreseeable future. Withdrawal from this source is not relevant to the locations where Conagra Brands is currently operating.

Produced water Not year. We expect this withdrawal amount to remain the same into the foreseeable future. Withdrawal from this source is not relevant to the locations where Conagra Brands is currently operating. Thresholds used include: Less than (51) much lower, (6)-(50) lower, (5)-5 about the same, 6-50 Higher, greater than 51 much higher. Third party Relevant 10011.83 Lower Both Oakdale and Milton had a significant reduction in Municipal water use resulting in Conagra sources Brands reducing municipal water use 8%. We anticipate a continued decrease in volume of municipal water use towards achievement of our 2020 goal. Thresholds used include: Less than (51) much lower, (6)-(50) lower, (5)-5 about the same, 6-50 Higher, greater than 51 much higher

W1.2i

(W1.2i) Provide total water discharge data by destination.

Relevance Volume Comparison Please explain (megaliters/year) with previous reporting year Fresh surface Relevant 554.97 About the Fresh surface water is a discharge destination for our Menomonie, WI facility. After use in the facility, water same surface water is discharged to direct discharge or land irrigation. This amount remained about the same. We have no reason to expect this discharge volume to change significantly in the foreseeable future. Thresholds used include: Less than (51) much lower, (6)-(50) lower, (5)-5 about the same, 6- 50 Higher, greater than 51 much higher.

Brackish Not previous reporting year. We expect this discharge amount to remain the same into the foreseeable water/seawater future. Discharge to this destination is not relevant to the locations where Conagra Brands is currently operating. Thresholds used include: Less than (51) much lower, (6)-(50) lower, (5)-5 about the same, 6-50 Higher, greater than 51 much higher.

Groundwater Relevant 2203.1 Lower Groundwater is used at 5 of our manufacturing facilities and can be discharged through land irrigation, direct discharge or sent to the municipal treatment center depending on the set up of the facility. This year groundwater discharge decreased by 19% primarily because a reduction at our Memphis facility. We have no reason to expect this discharge volume to change significantly in the foreseeable future. Thresholds used include: Less than (51) much lower, (6)-(50) lower, (5)-5 about the same, 6-50 Higher, greater than 51 much higher.

Third-party Relevant 7509.86 Higher Typically, municipal water is sent to municipal treatment facilities for processing. Conagra brands destinations saw a 14% increase in municipal discharge. Thresholds used include: Less than (51) much lower, (6)-(50) lower, (5)-5 about the same, 6-50 Higher, greater than 51 much higher.

CDP Page 8 of 38 W1.2j

(W1.2j) What proportion of your total water use do you recycle or reuse?

% Comparison Please explain recycled with and previous reused reporting year Row 11-25 About the Since Conagra Brands began reclaiming and reusing water onsite at production facilities, our dependence on freshwater has been 1 same reduced. Although the opportunity to continue to evaluate opportunities for water reuse is relevant at Conagra Brands, the amount of water reclaimed and reused at our production facilities is relatively stable year-over-year. Based on current state, we have no reason to expect our water reuse volume to change significantly in the foreseeable future.

W-FB1.3

(W-FB1.3) Do you collect/calculate water intensity for each commodity reported in question W-FB1.1a?

Agricultural Water intensity information Water intensity information Please explain commodities for this produced commodity for this sourced commodity is collected/calculated is collected/calculated

Cattle products Not applicable No, not currently but we intend We are developing a sustainability sourcing strategy over calendar year to collect/calculate this data 2018 that will address this commodity. Part of this strategy may include within the next two years gathering field-level water data over the next few years.

Palm oil Not applicable No, not currently but we intend We are developing a sustainability sourcing strategy over calendar year to collect/calculate this data 2018 that will address this commodity. Part of this strategy may include within the next two years gathering field-level water data over the next few years. Other commodities Not applicable No, not currently but we intend We are developing a sustainability sourcing strategy over calendar year from W-FB1.1a, to collect/calculate this data 2018 that will address this commodity. Part of this strategy may include please specify within the next two years gathering field-level water data over the next few years. (Paper/pulp)

Soy Not applicable No, not currently but we intend We are developing a sustainability sourcing strategy over calendar year to collect/calculate this data 2018 that will address this commodity. Part of this strategy may include within the next two years gathering field-level water data over the next few years.

W1.4

(W1.4) Do you engage with your value chain on water-related issues? Yes, our suppliers Yes, our customers or other value chain partners

W1.4a

CDP Page 9 of 38 (W1.4a) What proportion of suppliers do you request to report on their water use, risks and/or management information and what proportion of your procurement spend does this represent?

Row 1

% of suppliers by number 1-25%

% of total procurement spend 76-100

Rationale for this coverage Agriculture is a major user of ground and surface water in the U.S., accounting for approximately 80 percent of the nation’s water use. Conagra Brands’ sustainable agriculture program focuses on managing water use for crops where we have direct relationships with growers, including tomatoes for our Hunt’s® canned tomato products. For tomato growers, we annually track the percentage of growers that utilize drip irrigation systems. Conagra Brands’ Supplier Excellence Program broadly measures supplier performance on a diverse set of criteria, including social and environmental metrics. This program addresses ~80 percent of our company spend on ingredients and packaging. Incentives for suppliers include recognition through an awards program as well as increased collaboration with Conagra Brands as we are using the information to drive business partnerships. We apply a scoring system in our Supplier Excellence Program that allows us to quantitatively measure supplier progress over time.

Impact of the engagement and measures of success Over the past decade, our tomato growers have installed drip irrigation systems on 19,265 of the 21,150 contracted acres, or 91 percent of contracted acres, reducing water use by nearly 15 percent compared to traditional furrow irrigation systems. The installation of drip irrigation systems increases the tons per acre by about 30 percent, meaning that without drip irrigation, our growers would have needed to farm an additional 7,000 acres. Water-related questions included in our Supplier Excellence Program assessment include whether suppliers respond publicly to the CDP Water Security Questionnaire, have water reduction goals, and sustainability policies that address agriculture or other value chain water use.

Comment We address water, climate change and deforestation risks with the most strategic suppliers relevant to our business –those who have a significant and measurable impact on our ability to source, manufacturing and distribute products.

W1.4b

(W1.4b) Provide details of any other water-related supplier engagement activity.

Type of engagement Incentivizing for improved water management and stewardship

Details of engagement Water management and stewardship is featured in supplier awards scheme Other, please specify (Provide training and support for SD ag)

% of suppliers by number Less than 1%

% of total procurement spend 76-100

Rationale for the coverage of your engagement Focusing our supplier management efforts and water, climate and deforestation risk on this supplier subset provides the greatest impact and most efficient use of internal management resources.

Impact of the engagement and measures of success The sustainability assessment within Conagra Brands Supplier Excellence Program awards 0-4 points to each supplier for sustainability metrics, including polices around water conservation, greenhouse gas emissions reduction, and avoiding deforestation, as well a public disclosure on policies and goals progress via GRI-compliant sustainability reports and/or CDP Water, Climate Change (Investor) and Forests disclosures. Companies with the highest scores in this assessment are eligible to receive the annual Supplier Excellence Sustainability award, the first of which will be announced in August 2018.

Comment The Supplier Excellence program includes approximately 100 of our largest and most strategic suppliers, and covers approximately 80% of our procurement spend.

CDP Page 10 of 38 W1.4c

(W1.4c) What is your organization’s rationale and strategy for prioritizing engagements with customers or other partners in its value chain?

Conagra Brands prioritizes engagements with customers and other value chain partners on water-related issues based on potential impact of engagement. Our wider value chain partners include employees, investors, NGOs, regulators and technology partners. Engaging with these value chain partners on water-related issues is essential for Conagra Brands to understand the current and future risks and opportunities associated with these relationships. Conagra Brands directly engages customers through our annual sustainability summit and periodically through supplemental customer working groups. Conagra Brands shares water management best practices and enables customers to make progress on their own sustainability goals. Although our product mix does not require customers to use much additional water, our engagement with them results in stronger relationships and new business opportunities. Conagra Brands addresses water risk on the employee level through training, which is available to all employees through our e- learning system. The courses on water and wastewater awareness help engage and test employee knowledge. Progress on training is used to measure success and is reported to Environmental Managers and Environmental Platform Directors monthly. By responding to CDP’s Water Security Questionnaire, Conagra Brands provides investors with important information on water risk. This information is also distributed from senior leadership on an annual basis to investors and is publicly available on our the Conagra Brands website. Successful engagement with our investors is measured as a positive response to our CDP Water Security Questionnaire. Conagra Brands engages with NGOs on water risk by providing grants to environmentally focused non-profit organizations through our internal Sustainable Development Awards program. One of our more recent engagements was with UC Davis to help fund drought research.

W2. Business impacts

W2.1

(W2.1) Has your organization experienced any detrimental water-related impacts? Yes

W2.1a

CDP Page 11 of 38 (W2.1a) Describe the water-related detrimental impacts experienced by your organization, your response, and total financial impact.

Country/Region United States of America

River basin Sacramento River - San Joaquin River

Type of impact driver Physical

Primary impact driver Drought

Primary impact Increased operating costs

Description of impact California is facing one of the most severe droughts on record, effecting Conagra Brands two tomato facilities located in the Sacramento - San Joaquin river basin. Our Helm, California facility was given water allocations starting in FY15 and would need to pay nearly four times the price of water if they exceeded their limit.

Primary response Adopt water efficiency, water re-use, recycling and conservation practices

Total financial impact 100000

Description of response Beginning in FY12, Conagra Brands set site specific sustainability targets including reducing water use per pound of production. Both tomato facilities have completed multiple projects to conserve water, all with very low implementation costs amounting to less than $100,000. Projects implemented include installing water meters, recirculating water used to cool equipment and installing a holding tank to maximize the use of reclaimed water from tomatoes. After faced with water allocations, Helm was able to cut water use by over 40% and water use per pound by over 50% by maximizing the use of reclaimed water.

W2.2

(W2.2) In the reporting year, was your organization subject to any fines, enforcement orders, and/or other penalties for water-related regulatory violations? No

W3. Procedures

W-FB3.1

CDP Page 12 of 38 (W-FB3.1) How does your organization identify and classify potential water pollutants associated with its food, beverage, and tobacco sector activities that could have a detrimental impact on water ecosystems or human health?

Conagra Brands Hazard Communication Policy and Environment, Health & Safety Manual outline’s the process for identifying and classifying potential water pollutants that may have detrimental impacts over water bodies and ecosystems. In our case, potential water pollutants would be any hazardous chemicals formed during processing, storage and distribution.

Each Conagra Brands facility maintains a list of hazardous chemicals with supplemented Safety Data Sheets (SDS). All chemicals and SDS are captured in a corporatewide on-line storage system. Through an established chemical clearance process, each department assigns an employee responsible for tracking chemicals. Employees are responsible for determining if incoming chemicals are in the corporate system. If not in system, chemical risks to health and environment are reviewed and evaluated to determine hazard classification in accordance with NFPA 704. If needed, proper documentation is added to the online-system and facility filing. To maintain a robust process, our health and safety team audits each of our facilities to ensure compliance with safety regulations and corporate policies. Any corrective actions are communicated for quick resolution.

As we rely on the availability of quality water resources to grow raw ingredients and process finished goods, considering the impacts on water bodies, ecosystems and human health caused by potential pollutants is of utmost importance. Our Environment, Health & Safety team members who are responsible for chemical clearance are trained in basic hazard identification to determine which chemicals pose potential hazards to ecosystems and human health. Ecosystem-related impacts regularly considered include; aquatic ecotoxicity, aquatic acidification, and aquatic eutrophication. Health related impacts regularly considered include; acute toxicity, respiratory or skin sensitization, carcinogenicity, reproductive toxicity, organ toxicity single and repeated, aspiration hazard, asphyxiants, skin irritation, and eye damage.

Water related impacts considered vary across our value chain. Depending on what is being grown or processed there is a wide array of potential impacts that are managed by internal standards or our Code of Conduct. Because the conduct of Conagra Brands suppliers can be attributed to Conagra Brands and its reputation, our expectation is that our suppliers will lawfully conduct their business with the same standards of integrity and ethical behavior. Our Code of Conduct for Suppliers includes our expectation that suppliers will act in an environmentally responsible manner. At a minimum, this means compliance with applicable environmental laws and regulations and a commitment to remediate any environmental problems they may cause. All suppliers are required to maintain documentation of any changes

W-FB3.1a

(W-FB3.1a) Describe how your organization minimizes the adverse impacts of potential water pollutants on water ecosystems or human health associated with your food, beverage, and tobacco sector activities.

Potential water pollutant Fertilizers

Activity/value chain stage Agriculture – supply chain

Description of water pollutant and potential impacts In agriculture, applying nutrients to promote plant growth can cause eutrophication due to over application.

Management procedures Soil conservation practices Crop management practices Sustainable irrigation and drainage management Fertilizer management Pesticide management Waste water management Change varieties of raw materials Follow regulation standards

Please explain Conagra Brands Supplier Code of Conduct applies to all suppliers – including agricultural raw material suppliers – and specifies continuous compliance with all applicable environmental and labor standards. Additionally, our raw material sustainable sourcing strategy encourages or requires implementation of sustainable agriculture practices with our contracted farmers through implementation of our Grower’s Guide for potatoes, a field-level, metrics-based approach to sustainable agriculture. Suppliers must

CDP Page 13 of 38 ensure that they have a safe and healthy working environment to include appropriate controls, safe procedures, preventative maintenance and appropriate protective equipment in compliance with all applicable laws and regulations, this is especially important when dealing with hazardous materials. Conagra Brands sustainable agriculture program practices include reduced tillage, responsible use and application of nutrients, fertilizers and pesticides. Conagra Brands requires all growers to avoid application of products that are persistent in the soil or environment, using them only when necessary. All growers in our Sustainable Agriculture Program participate in a third-party audits by state agriculture departments to verify adherence to program components. In our manufacturing we manage and if necessary classify all incoming materials in our hazardous chemical database. All chemicals in the database are ranked for acute toxicity [mammalian, avian, aquatic, insects (beneficial)] including eco-toxicity and persistence in the environment. We have a robust process to control any hazardous material spill.

Potential water pollutant Pesticides and other agrochemical products

Activity/value chain stage Agriculture – supply chain

Description of water pollutant and potential impacts Exposure to pesticides can cause toxicity to human and aquatic organisms.

Management procedures Soil conservation practices Crop management practices Sustainable irrigation and drainage management Fertilizer management Pesticide management Waste water management Change varieties of raw materials Follow regulation standards

Please explain Conagra Brands Supplier Code of Conduct applies to all suppliers – including agricultural raw material suppliers – and specifies continuous compliance with all applicable environmental and labor standards. Additionally, our raw material sustainable sourcing strategy encourages or requires implementation of sustainable agriculture practices with our contracted farmers through implementation of our Grower’s Guide for potatoes, a field-level, metrics-based approach to sustainable agriculture. Suppliers must ensure that they have a safe and healthy working environment to include appropriate controls, safe procedures, preventative maintenance and appropriate protective equipment in compliance with all applicable laws and regulations, this is especially important when dealing with hazardous materials. Conagra Brands sustainable agriculture program practices include reduced tillage, responsible use and application of nutrients, fertilizers and pesticides. Conagra Brands requires all growers to avoid application of products that are persistent in the soil or environment, using them only when necessary. All growers in our Sustainable Agriculture Program participate in a third-party audits by state agriculture departments to verify adherence to program components. In our manufacturing we manage and if necessary classify all incoming materials in our hazardous chemical database. All chemicals in the database are ranked for acute toxicity [mammalian, avian, aquatic, insects (beneficial)] including eco-toxicity and persistence in the environment. We have a robust process to control any hazardous material spill.

Potential water pollutant Other, please specify (Materials used to operate manufacturing)

Activity/value chain stage Manufacturing – direct operations

Description of water pollutant and potential impacts In manufacturing, spillage of hazardous chemicals into watersheds is possible, but rare

Management procedures Waste water management Follow regulation standards Other, please specify (Robust safety procedures)

Please explain Conagra Brands Supplier Code of Conduct applies to all suppliers – including agricultural raw material suppliers – and specifies continuous compliance with all applicable environmental and labor standards. Additionally, our raw material sustainable sourcing strategy encourages or requires implementation of sustainable agriculture practices with our contracted farmers through implementation of our Grower’s Guide for potatoes, a field-level, metrics-based approach to sustainable agriculture. Suppliers must ensure that they have a safe and healthy working environment to include appropriate controls, safe procedures, preventative maintenance and appropriate protective equipment in compliance with all applicable laws and regulations, this is especially

CDP Page 14 of 38 important when dealing with hazardous materials. Conagra Brands sustainable agriculture program practices include reduced tillage, responsible use and application of nutrients, fertilizers and pesticides. Conagra Brands requires all growers to avoid application of products that are persistent in the soil or environment, using them only when necessary. All growers in our Sustainable Agriculture Program participate in a third-party audits by state agriculture departments to verify adherence to program components. In our manufacturing we manage and if necessary classify all incoming materials in our hazardous chemical database. All chemicals in the database are ranked for acute toxicity [mammalian, avian, aquatic, insects (beneficial)] including eco-toxicity and persistence in the environment. We have a robust process to control any hazardous material spill.

W3.3

(W3.3) Does your organization undertake a water-related risk assessment? Yes, water-related risks are assessed

W3.3a

(W3.3a) Select the options that best describe your procedures for identifying and assessing water-related risks.

Direct operations

Coverage Full

Risk assessment procedure Water risks are assessed as a standalone issue

Frequency of assessment Annually

How far into the future are risks considered? >10 years

Type of tools and methods used Tools on the market Databases Other

Tools and methods used WRI Aqueduct Internal company methods National-specific tools or standards

Comment Conagra Brands’ response to W3.3d describes our process for identifying, assessing, and responding to water-related risks within our direct operations.

CDP Page 15 of 38 Supply chain

Coverage Partial

Risk assessment procedure Water risks are assessed as a standalone issue

Frequency of assessment Six-monthly or more frequently

How far into the future are risks considered? >10 years

Type of tools and methods used Tools on the market Databases Other

Tools and methods used WRI Aqueduct Internal company methods National-specific tools or standards

Comment Conagra Brands’ response to W3.3d describes our process for identifying, assessing, and responding to water-related risks within other stages of our value chain.

Other stages of the value chain

Coverage Please select

Risk assessment procedure

Frequency of assessment

How far into the future are risks considered?

Type of tools and methods used

Tools and methods used

Comment

W3.3b

CDP Page 16 of 38 (W3.3b) Which of the following contextual issues are considered in your organization’s water-related risk assessments?

Relevance Please explain & inclusion Water Relevant, Our own facilities rely on access to clean water to operate, prepare food on a commercial scale and ensure that our equipment availability at a always meets or exceeds food safety and quality standards. As a result, understanding the availability and quality of water at a local level is basin/catchment included critical to day-to-day operations and included in Conagra Brands water risk assessment. These issues are integrated into the WRI level Aqueduct tool assessment conducted on an annual basis by mapping each local manufacturing facility. Conagra Brands Sustainability team reviews the data and overlays production and current water withdrawal data along with internal company knowledge to identify and monitor water use at high risk sites, including our Oakdale, California facility where we process our Hunts® canned products. Water quality at Relevant, Our own facilities rely on access to clean water to operate, prepare food on a commercial scale and ensure that our equipment a always meets or exceeds food safety and quality standards. As a result, understanding the availability and quality of water at a local level is basin/catchment included critical to day-to-day operations and included in Conagra Brands water risk assessment. These issues are integrated into the WRI level Aqueduct tool assessment conducted on an annual basis by mapping each local manufacturing facility. Conagra Brands Sustainability team reviews the data and overlays production and current water withdrawal data along with internal company knowledge to identify and monitor water use at high risk sites, including our Oakdale, California facility where we process our Hunts® canned products. Factories are responsible to review the water quality report from the municipality from where they receive their water on an annual basis. Actions are then driven as a result of this report. Corporate Regulatory Affairs and Environment, Health and Safety are involved depending on the finding

Stakeholder Relevant, Conagra Brands factors in local water regulations and associated usage and discharge fees for significant water users across our conflicts always portfolio and in markets where we have knowledge of proposed changes in water regulations and tariffs. Corporate EHS and concerning included Sustainability teams along with our manufacturing facilities monitor on-going issues, including regulatory issues due to drought. water resources at a basin/catchment level Implications of Relevant, Current implications of water for key raw materials are included in the scope of Conagra Brands sustainable agriculture programs for water on your always commodities where we have direct relationships with growers, such as the tomatoes used for our Hunts® canned tomato products. key included This is assessed based on internal company knowledge. commodities/raw materials

Water-related Relevant, Conagra Brands factors in local water regulations and associated usage and discharge fees for significant water users across our regulatory always portfolio and in markets where we have knowledge of proposed changes in water regulations and tariffs. Corporate EHS and frameworks included sustainability teams along with our manufacturing facilities monitor on-going issues, including regulatory issues due to drought. Status of Relevant, Conagra Brands factors in the current status of ecosystems and habitats at a local level at a macro-level based on outputs from tools ecosystems and always such as WRI Aqueduct and WWF-DEG Water Risk assessment. As issues arise, they are discussed between the corporate EHS, habitats included sustainability, and project managers. If an issue is identified in our direct manufacturing footprint, the team evaluates solutions to avoid a negative impact on local ecosystems, such as the habitat of the Eastern Spadefoot Toad native to the area near our Milton, Pennsylvania facility.

Access to fully- Relevant, Access to fully-functioning WASH services for all employees is critical to our business and food safety & quality standards. This is functioning, always assessed within the Aqueduct tool as well as based on internal knowledge of operating conditions within our manufacturing facilities. safely managed included The Conagra Brands EHS teams ensure fully functioning WASH services for all workers in our health and safety inspections and WASH services certificates. Additionally, all Conagra Brands facilities regularly measure and monitor this metric during health and safety audits for all employees including 38 facilities located in the US, 2 facilities located in Canada, and 1 facility located in Irapuato, Mexico. Other contextual Not issues, please considered specify

W3.3c

CDP Page 17 of 38 (W3.3c) Which of the following stakeholders are considered in your organization’s water-related risk assessments?

Relevance Please explain & inclusion Customers Relevant, Conagra Brands customers include foodservice organizations and food retailers, some of whom have sustainable supplier always requirements around climate change, water management or deforestation. Where standards and customer preferences exist, they included are always included. For example, Conagra Brands has engaged in sustainable supplier summits and working groups covering water, climate and deforestation risks for a major QSR. In these forums, we have shared our best practices with other suppliers and explored strategies for meeting customer requests for continuous improvement. Employees Relevant, Conagra Brands addresses water risk at the employee level through training, which is available to all employees through our e- always learning system. The courses on water and wastewater awareness help engage and test employee knowledge. Progress on training included is reported to Environmental Managers and Environmental Platform Directors monthly. All employees are also able to submit water reduction projects to the yearly internal Sustainable Development Awards, which recognizes the top projects focused on reducing water and improving wastewater quality.

Investors Please Conagra Brands reports water withdrawals and water discharge along with water risks and appropriate responses in our Citizenship select Report updated in the fourth quarter of each calendar year. Additionally, by responding to CDP for the past seven years Conagra Brands provides investors with important information on water risk. This information is distributed from Senior Leadership on an annual basis to investors and is also publicly available on our the Conagra Brands website. Local Relevant, Conagra Brands engages with local communities on water risk by providing grants to environmentally focused non-profit communities always organizations through our internal Sustainable Development Awards program. For example, our Milton, Pennsylvania facility provided included a $5,000 grant to the Borough of Milton to assist in sedimentation control of local waterways to improve local community water quality, including the Susquehanna River and Chesapeake Bay. NGOs Relevant, Conagra Brands engages with NGOs on water risk by providing grants to environmentally focused non-profit organizations through always our internal Sustainable Development Awards program. For example, Conagra Brands donated $5,000 from a Sustainable included Development Award winning facility to UC Davis to help fund drought research.

Other water Relevant, Conagra Brands addresses water risk for other water users at a local level for our manufacturing facilities where we have operational users at a always control, and are included during evaluations of expanding operations. Additionally, we engage with other water users at a local level basin/catchment included by providing grants through our Sustainable Development Awards program. For example, Conagra Brands donated $5,000 to the level Tainter Menomin Lake Improvement Association. This group is focused on improving water quality improvements for farmers, residents, and businesses in the watersheds surrounding our Menomonie, Wisconsin facility. Regulators Relevant, Conagra Brands considers the impacts that regulators have on our water risk assessment including operational impacts based on always physical and regulatory risks, Regulators, and regulations specifically around wastewater, are an important consideration both in included terms of compliance and to increase our wastewater quality. Our corporate EHS and sustainability team has met with municipalities including the Milton Regional Sewer Authority in Milton, Pennsylvania, where our Chef Boyardee® pasta products are made, to help optimize their wastewater treatment efficiency. River basin Relevant, Though we do not have a history of direct engagement with river basin management authorities, there are instances where Conagra management sometimes Brands regional engagement and sustainability efforts align with and support river basin management authority plans and objectives. authorities included We source our tomatoes from California, where more than 95 percent of the U.S. and nearly one-third of the world’s processed tomatoes are grown. The hydrology of California’s agricultural areas – including where we grow and process tomatoes for Hunt’s® branded products - is linked through river and groundwater systems that impact the San Joaquin River Basin. Conagra Brands approach to sustainable agriculture addresses water risk in the San Joaquin River basin on a voluntary basis, and through these efforts we indirectly support river basin management efforts led by authorities such as the Eastern San Joaquin County Groundwater Basin Authority, outside of formal engagement with these authorities. Over the past decade, our growers have installed drip irrigation systems on 19,265 of the 21,150 contracted acres, or 91 percent of contracted acres, reducing water use by nearly 15 percent compared to traditional furrow irrigation systems. The installation of drip irrigation systems increases the tons per acre by about 30 percent, meaning that without drip irrigation, our growers would have needed to farm an additional 7,000 acres. Statutory Relevant, Conagra Brands water risk assessment has considered operational impacts based on physical and regulatory risks. As dictated by special interest always policy, factory personnel involve corporate resources if and when local special interest groups are involved. groups at a included local level

Suppliers Relevant, Conagra Brands water risk assessment considers risks from suppliers where direct relationships with farmers exist through Conagra always Brands' Sustainable Agriculture program, including tomatoes utilized in our Hunts® canned tomato products. For tomatoes, we included annually track the percentage of growers that utilize drip irrigation. Additionally, Conagra Brands launched a Supplier Excellence Program which includes approximately 100 suppliers covering approximately 80 percent of our spend on ingredients and packaging. Within the scorecard is a qualitative measure on whether a company demonstrates progress in influencing its industry to improve sustainability performance and whether it is recognized as industry-leading. In 2017, we implemented more quantitative sustainability measures into the next version of the scorecard including questions on water risk.

Water utilities at Relevant, Conagra Brands always evaluates impact to water utilities whenever we evaluate capital projects to change manufacturing levels at a local level always our factories. We involve personnel from the utilities in discussions prior to executing projects that may impact their operations. included Other Please stakeholder, select please specify

W3.3d

CDP Page 18 of 38 (W3.3d) Describe your organization’s process for identifying, assessing, and responding to water-related risks within your direct operations and other stages of your value chain.

The primary tools leveraged by Conagra Brands to identify, assess and respond to water-related risks include 1) WRI Aqueduct Water Risk Atlas – Food & Beverage weighting scheme 2) a Supplier Excellence Program sustainability assessment 3) in-house risk- mapping and 4) international media resources. Aqueduct risk results identify three high risk locations, representing just over three percent of our total annual direct water use. Conagra Brands’ sustainability team reviews the Aqueduct Water Risk data and overlays production and current water withdrawal data along with internal company knowledge to identify and monitor water use at high-risk sites. The Aqueduct assessment also includes over 1,500 manufacturing locations for our ingredient and packaging materials to understand water risk throughout our supply chain. Conagra Brands’ Supplier Excellence Program broadly measures supplier performance on a diverse set of criteria, including social and environmental metrics. This program addresses ~80 percent of our company spend on ingredients and packaging. Incentives for suppliers include recognition through an awards program as well as increased collaboration with Conagra Brands as we are using the information to drive business partnerships. Water-related questions included in our Supplier Excellence Program assessment include whether suppliers respond publicly to the CDP Water Security Questionnaire, have water reduction goals, and sustainability policies that address agriculture or other value chain water use. The scoring system allows us to quantitatively measure supplier progress over time. Conagra Brands also employs a real-time risk mapping tool, wherein each of our US supplier locations is electronically mapped and cross-referenced with the latest published US government data on drought conditions (National Drought Mitigation Center) and global extreme weather events (NOAA & WMO). Threats are communicated to internal stakeholders to drive decisions.

W4. Risks and opportunities

W4.1

(W4.1) Have you identified any inherent water-related risks with the potential to have a substantive financial or strategic impact on your business? Yes, both in direct operations and the rest of our value chain

W4.1a

(W4.1a) How does your organization define substantive financial or strategic impact on your business?

Water-related risks are particularly relevant to the food industry, with a global supply chain intensely dependent on the availability of clean water to grow ingredients. Managing water risk — both at our own facilities and those embedded in our supply chain — is critical to Conagra Brands’ long-term business success.

To determine whether these water-related risks have potential to generate a substantive change in our business operations, revenue or expenditures, we've applied US Securities Exchange Commission materiality principles, considering both quantitative and qualitative impacts. The risk analysis factors in both the probability of the risk and estimated financial implications. For this purpose, material risks generating substantive change to our direct operations and supply chain would be changes affecting more than 5% of our revenue or assets. Examples of substantive risks include impacts that could threaten any of our brands through production shut- down or inability to obtain raw materials for our products. For instance, our Hunt’s® tomato products rely on tomatoes sourced from California, where drought is a persistent risk. This brand generates approximately $450MM of our annual earnings.

W4.1b

CDP Page 19 of 38 (W4.1b) What is the total number of facilities exposed to water risks with the potential to have a substantive financial or strategic impact on your business, and what proportion of your company-wide facilities does this represent?

Total % Comment number company- of wide facilities facilities exposed this to water represents risk

Row 1 1-25 Locations with an overall rating of ‘medium to high’, ‘high’, or ‘extremely high’ by the WRI aqueduct tool are than screened to see if 1 they meet our substantive threshold and considered a risk to our business. Conagra Brands has one tomato manufacturing facility located in the Sacramento River - San Joaquin river basin. Water is critical to processing tomatoes, transporting the tomatoes through the facility, and sanitation to support food safety and quality best practices. In addition to needing access to clean water at the facility level, tomatoes are grown in the local river basin, requiring access to water for irrigation. California’s central valley is recovering from the worst drought in the region’s modern history. The potential for future drought poses a risk to our tomato business.

W4.1c

(W4.1c) By river basin, what is the number and proportion of facilities exposed to water risks that could have a substantive impact on your business, and what is the potential business impact associated with those facilities?

Country/Region United States of America

River basin Sacramento River - San Joaquin River

Number of facilities exposed to water risk 1

% company-wide facilities this represents 1-25

Production value for the metals & mining activities associated with these facilities

% company’s annual electricity generation that could be affected by these facilities

% company’s global oil & gas production volume that could be affected by these facilities

% company’s total global revenue that could be affected 1-25

Comment Our tomato manufacturing facility provides outbound semi-finished goods to multiple other canning facilities that are used as ingredients in our finished product shipped to our customers. In the event of even tighter water allocations, this may slow our production, affecting more than just the facility located in the Sacramento - San Joaquin river basin. For instance, our Hunt’s® tomato products rely on California tomatoes sourced locally and produced at this facility, where drought is a persistent risk. This brand generates approximately $450MM of our annual earnings.

W4.2

(W4.2) Provide details of identified risks in your direct operations with the potential to have a substantive financial or strategic impact on your business, and your response to those risks.

Country/Region United States of America

River basin Sacramento River - San Joaquin River

CDP Page 20 of 38 Type of risk Physical

Primary risk driver Drought

Primary potential impact Increased operating costs

Company-specific description The Sacramento River is in California’s central valley which is recovering from the worst drought in the region’s modern history. The potential for future drought will continue to impact water policy effecting Conagra Brands tomato facility located in the Sacramento - San Joaquin river basin.

Timeframe 1 - 3 years

Magnitude of potential impact Low

Likelihood Very likely

Potential financial impact 450000000

Explanation of financial impact Financial contribution of one of the brands at this facility that can have a substantial impact on our business if we are unable to operate.

Primary response to risk Establish site-specific targets

Description of response Beginning in FY12, Conagra Brands set site specific sustainability targets including reducing water use per pound of production. Our tomato facility has completed multiple projects to conserve water, all with very low implementation costs amounting to less than $100,000. Projects implemented include installing water meters, recirculating water used to cool equipment and installing a holding tank to maximize the use of reclaimed water from tomatoes.

Cost of response 100000

Explanation of cost of response Beginning in FY12, Conagra Brands set site specific sustainability targets including reducing water use per pound of production. Our tomato facility has completed multiple projects to conserve water, all with very low implementation costs amounting to less than $100,000. Projects implemented include installing water meters, recirculating water used to cool equipment and installing a holding tank to maximize the use of reclaimed water from tomatoes.

Country/Region United States of America

River basin Sacramento River - San Joaquin River

Type of risk Regulatory

Primary risk driver Other, please specify (Higher water prices)

Primary potential impact Increased operating costs

Company-specific description The Sacramento River is in California’s central valley which is recovering from the worst drought in the region’s modern history. The potential for future drought will continue to impact water policy, and in turn, water prices for our tomato facility located in the Sacramento River – San Joaquin River basin. Communities experiencing high levels of water stress typically consider higher water pricing to encourage conservation. Higher water pricing for our tomato facility could materially impact revenue and production.

CDP Page 21 of 38 Timeframe 1 - 3 years

Magnitude of potential impact Low

Likelihood Very likely

Potential financial impact 450000000

Explanation of financial impact Financial contribution of one of the brands at this facility that can have a substantial impact on our business if we are unable to operate.

Primary response to risk Establish site-specific targets

Description of response Beginning in FY12, Conagra Brands set site specific sustainability targets including reducing water use per pound of production. Our tomato facility has completed multiple projects to conserve water, all with very low implementation costs amounting to less than $100,000. Projects implemented include installing water meters, recirculating water used to cool equipment and installing a holding tank to maximize the use of reclaimed water from tomatoes.

Cost of response 100000

Explanation of cost of response Beginning in FY12, Conagra Brands set site specific sustainability targets including reducing water use per pound of production. Our tomato facility has completed multiple projects to conserve water, all with very low implementation costs amounting to less than $100,000. Projects implemented include installing water meters, recirculating water used to cool equipment and installing a holding tank to maximize the use of reclaimed water from tomatoes.

W4.2a

CDP Page 22 of 38 (W4.2a) Provide details of risks identified within your value chain (beyond direct operations) with the potential to have a substantive financial or strategic impact on your business, and your response to those risks.

Country/Region United States of America

River basin Sacramento River - San Joaquin River

Stage of value chain Supply chain

Type of risk Physical

Primary risk driver Increased water stress

Primary potential impact Supply chain disruption

Company-specific description The potential for drought in California’s central valley not only affects our direct tomato manufacturing operations but also impacts tomato growers within the Sacramento - San Joaquinn river basin where the tomatoes for our Hunts® products are grown.

Timeframe Current - up to 1 year

Magnitude of potential financial impact Low

Likelihood Very likely

Potential financial impact 450000000

Explanation of financial impact Financial contribution of one of the brands at this facility that can have a substantial impact on our business if we are unable to obtain materials for our products.

Primary response to risk Work with supplier to engage with local communities

Description of response Currently Conagra Brands manages the potential impact of the drought in California by contracting with growers with well access on their grounds or farm in the Delta and have water rights. By doing so, we are able to work with growers that will have the ability to irrigate their fields to better control the outcome of the crop. Additionally, Conagra Brands has contingency plans in place to obtain tomato paste from alternate suppliers to ensure other facilities are not impacted by the drought if unable to receive tomato paste from our facilities in California.

Cost of response 5000

Explanation of cost of response In addition to working with our growers, the cost of our response strategy was donating a $5,000 grant from a winning Sustainable Development Award project to UC Davis to help fund drought research.

W4.3

(W4.3) Have you identified any water-related opportunities with the potential to have a substantive financial or strategic impact on your business? Yes, we have identified opportunities, and some/all are being realized

CDP Page 23 of 38 W4.3a

(W4.3a) Provide details of opportunities currently being realized that could have a substantive financial or strategic impact on your business.

Type of opportunity Efficiency

Primary water-related opportunity Cost savings

Company-specific description & strategy to realize opportunity Conagra Brands 2020 Sustainability Vision includes a goal to reduce water use by 20% per pound of product produced. The water reduction goal has provided incentive to implement water projects to more efficiently use water while driving cost out of our operations. To help us realize this opportunity, the Sustainability team hosts the annual Sustainable Development Awards to recognize our top sustainability achievements. One of four categories included annually in Conagra Brands internal Sustainable Development Awards is Water Conservation and Wastewater Management. Water projects implemented in 2017 resulted in an annual cost savings of over one million dollars and over 175 million gallons of water conserved. For example, a winning project from our frozen foods facility in Council Bluffs, Iowa saved 24.7 million gallons by reducing excess water used in the sauce-cooling process.

Estimated timeframe for realization 4 to 6 years

Magnitude of potential financial impact High

Potential financial impact 1000000

Explanation of financial impact Water projects implemented in 2017 resulted in an annual cost savings of over one million dollars and more than 175 million gallons of water conserved. For example, a winning project from our frozen foods facility in Council Bluffs, Iowa saved 24.7 million gallons by reducing excess water used in the sauce-cooling process.

W5. Facility-level water accounting

W5.1

CDP Page 24 of 38 (W5.1) For each facility referenced in W4.1c, provide coordinates, total water accounting data and comparisons with the previous reporting year.

Facility reference number Facility 1

Facility name (optional) Oakdale

Country/Region United States of America

River basin Sacramento River - San Joaquin River

Latitude 37.7684

Longitude -120.84822

Primary power generation source for your electricity generation at this facility

Oil & gas sector business division

Total water withdrawals at this facility (megaliters/year) 2277.5

Comparison of withdrawals with previous reporting year Lower

Total water discharges at this facility (megaliters/year) 1356.1

Comparison of discharges with previous reporting year Lower

Total water consumption at this facility (megaliters/year) 930.2

Comparison of consumption with previous reporting year Lower

Please explain Oakdale reduced water withdrawals 5% in FY 2017 compared to FY 2016. Oakdale began tracking water daily after installation of new groundwater meters, further allowing the facility to identify opportunities to conserve water by reporting daily water use, fixing water leaks, and reusing cooling tower overflow water to transport tomatoes in flumes. Water discharge is directly correlated with production. Oakdale decreased production from FY 2016 to FY 2017,

W5.1a

CDP Page 25 of 38 (W5.1a) For each facility referenced in W5.1, provide withdrawal data by water source.

Facility reference number Facility 1

Facility name Oakdale

Fresh surface water, including rainwater, water from wetlands, rivers and lakes 0

Brackish surface water/seawater 0

Groundwater - renewable 2251.2

Groundwater - non-renewable 0

Produced water 0

Third party sources 26.3

Comment Oakdale receives its main source of water from a groundwater well. Oakdale installed meters to able to report water use on a more frequent basis.

W5.1b

(W5.1b) For each facility referenced in W5.1, provide discharge data by destination.

Facility reference number Facility 1

Facility name Oakdale

Fresh surface water 0

Brackish surface water/Seawater 0

Groundwater 1325.1

Third party destinations 31

Comment All water used for processing is groundwater discharged as land irrigation after treatment at the site.

W5.1c

CDP Page 26 of 38 (W5.1c) For each facility referenced in W5.1, provide the proportion of your total water use that is recycled or reused, and give the comparison with the previous reporting year.

Facility reference number Facility 1

Facility name Oakdale

% recycled or reused 2-10%

Comparison with previous reporting year About the same

Please explain Flow meters are used to track water that is reclaimed and recycled onsite at our Oakdale facility. We used CDP’s definition and calculation method to determine the proportion of water recycled or reused at this facility.

W5.1d

(W5.1d) For the facilities referenced in W5.1, what proportion of water accounting data has been externally verified?

Water withdrawals – total volumes

% verified 76-100

What standard and methodology was used? Conagra Brands water withdrawal data is annually verified in accordance with International Standard Assurance Engagements (ISAE) 3000 to limited assurance standards.

Water withdrawals – volume by source

% verified 76-100

What standard and methodology was used? Conagra Brands water withdrawal data is annually verified in accordance with International Standard Assurance Engagements (ISAE) 3000 to limited assurance standards.

Water withdrawals – quality

% verified 76-100

What standard and methodology was used? We have a policy detailing specific elements of water quality checks in varying frequency depending upon water type. Testing frequencies range from weekly to annually.

Water discharges – total volumes

% verified Not verified

What standard and methodology was used? We are estimating discharges based on verified withdrawal data or we meter our discharges but do not verify this metered data.

Water discharges – volume by destination

% verified Not verified

What standard and methodology was used? We are estimating discharges based on verified withdrawal data or we meter our discharges but do not verify this metered data.

CDP Page 27 of 38 Water discharges – volume by treatment method

% verified Not verified

What standard and methodology was used? We are estimating discharges based on verified withdrawal data or we meter our discharges but do not verify this metered data.

Water discharge quality – quality by standard effluent parameters

% verified Not verified

What standard and methodology was used? We are estimating discharges based on verified withdrawal data or we meter our discharges but do not verify this metered data.

Water discharge quality – temperature

% verified Not verified

What standard and methodology was used? Conagra Brands measures water discharge temperature in accordance with all applicable permits.

Water consumption – total volume

% verified Not verified

What standard and methodology was used? Consumption does not account for the water lost due to evaporation and we do not verify these calculations.

Water recycled/reused

% verified Not verified

What standard and methodology was used? Currently our recycled water use is not considered material, but we do plan to expand the use and will reevaluate .

W6. Governance

W6.1

(W6.1) Does your organization have a water policy? Yes, we have a documented water policy that is publicly available

W6.1a

CDP Page 28 of 38 (W6.1a) Select the options that best describe the scope and content of your water policy.

Scope Content Please explain

Row Company- Description of Conagra Brands created a water stewardship policy that is company-wide and states that all facilities shall implement our 1 wide business water resources management program, supporting water measurement, conservation, wastewater management, and dependency on reporting activities. Our water policy is attached and therefore publicly available. Our targets, goals, and commitment to water stakeholder awareness can be found in our Citizenship Report online. While not included in our water policy, access to fully Description of functioning WASH services for all workers is included in health & safety inspections and certificates, and all our facilities business impact regularly measure and monitor this metric during health & safety audits. on water Description of water-related performance standards for direct operations Description of water-related standards for procurement Company water targets and goals Commitments beyond regulatory compliance Commitment to stakeholder awareness and education Acknowledgement of the human right to water and sanitation Other, please specify (Incorporated within group EHS policy)

W6.2

(W6.2) Is there board level oversight of water-related issues within your organization? Yes

W6.2a

(W6.2a) Identify the position(s) of the individual(s) on the board with responsibility for water-related issues.

Position Please explain of individual

Board Conagra Brands’ 2017 materiality assessment noted climate change, water scarcity and deforestation as material issues to be managed as part of our Chair CSR and sustainability governance. As a science-based company, we recognize that these environmental topics are related and need to be managed holistically. Our Board of Directors maintains a Nominating, Governance & Public Affairs (N/G/PA) Committee that meets at least three times a year. All members of the Committee are independent directors and are appointed by the Board. It is the responsibility of the Committee to review and recommend to the Board corporate governance principles and guidelines for the Company, as well as to advise management on internal and external factors and relationships affecting our image and reputation, including those related to corporate citizenship and public policy issues significant to the company. These include climate change, water scarcity and deforestation topics.

W6.2b

CDP Page 29 of 38 (W6.2b) Provide further details on the board’s oversight of water-related issues.

Frequency Governance Please explain that water- mechanisms related into which issues are water-related a issues are scheduled integrated agenda item

Row Scheduled Monitoring Conagra Brands’ 2017 materiality assessment noted climate change, water scarcity and deforestation as material issues to be 1 - some implementation managed as part of our CSR and sustainability governance. As a science-based company, we recognize that these meetings and environmental topics are related and need to be managed holistically. Our Board of Directors maintains a Nominating, performance Governance & Public Affairs (N/G/PA) Committee which regularly meets with management to review internal and external Overseeing factors and relationships affecting the company’s reputation, including social and environmental issues. All members of the acquisitions Committee are independent Board members. The Chair of the N/G/PA Committee reports to the full Board on its activities. and divestiture Corporate Social Responsibility (CSR) updates are an in-person annual Board agenda item, with the VP of CSR and Overseeing sustainability or appropriate representative responsible for updating the Board annually and as-needed during other meetings. major capital The Board addresses the following items in its capacity as a governing body, all of which influence Conagra Brands’ CSR expenditures directly or indirectly: reviewing and guiding strategy; reviewing and guiding plans of action; reviewing and guiding risk Reviewing and management policies; reviewing and guiding annual budgets; reviewing and guiding business plans; setting performance guiding annual objectives; monitoring implementation and performance objectives; overseeing major capital budgets expenditures/acquisitions/divestitures; monitoring and overseeing corporate sustainability efforts. Reviewing and guiding business plans Reviewing and guiding major plans of action Reviewing and guiding risk management policies Reviewing and guiding strategy Setting performance objectives Other, please specify (See explanation)

W6.3

(W6.3) Below board level, provide the highest-level management position(s) or committee(s) with responsibility for water- related issues.

Name of the position(s) and/or committee(s) Other, please specify (Chief Supply Chain Officer)

Responsibility Both assessing and managing water-related risks and opportunities

Frequency of reporting to the board on water-related issues More frequently than quarterly

Please explain Responsible for making important decisions regarding issues identified through a Materiality Assessment, the CSCO (along with the CCO and Executive VP, and Chief Human Resources Officer) serves as the executive sponsors of the Corporate Social Responsibility (CSR) Steering Committee, which reports up to the Board of Directors. The VP of CSR and sustainability leads the CSR Steering Committee and reports to the Board’s Nominating, Governance and Public Affairs Committee. The CSR Steering Committee meets quarterly and oversees decisions regarding all climate, water, and forests policies, goals, targets and risks. Subcommittees including Responsible Sourcing, Community, Better Planet, and Good Food meet on an as-needed basis. The Committee’s quarterly meeting schedule is aligned with Conagra Brands’ financial reporting cycle, allowing strategic consideration of sustainability and social responsibility topics with business strategy and investor relations.

CDP Page 30 of 38 W-FB6.4/W-CH6.4/W-EU6.4/W-OG6.4/W-MM6.4

(W-FB6.4/W-CH6.4/W-EU6.4/W-OG6.4/W-MM6.4) Do you provide incentives to C-suite employees or board members for the management of water-related issues? No, and we do not plan to introduce them in the next two years

W6.5

(W6.5) Do you engage in activities that could either directly or indirectly influence public policy on water through any of the following? Yes, direct engagement with policy makers Yes, trade associations

W6.5a

(W6.5a) What processes do you have in place to ensure that all of your direct and indirect activities seeking to influence policy are consistent with your water policy/water commitments?

To ensure that Conagra Brands direct and indirect activities that influence policy are consistent with our overall water strategy, the same individual (vice president who has responsibility for sustainability) coordinates with government and regulatory affairs staff, actively participates in policy organizations, and maintains regular meetings with business leaders across the company who play a role in Conagra Brands’ policy advocacy on a variety of fronts. This continuity ensures consistent messaging and provides line-of- sight to potential synergies across these organizations. As leader of the cross-functional Corporate Social Responsibility (CSR) Steering Committee, the VP of CSR and sustainability works with senior executives on our citizenship strategy, which is governed by sponsors from our Senior Leadership Team.

W7. Business strategy

W7.1

CDP Page 31 of 38 (W7.1) Are water-related issues integrated into any aspects of your long-term strategic business plan, and if so how?

Are water-related Long- Please explain issues term integrated? time horizon (years) Long- Yes, water-related 5-10 The availability of clean water is essential to how we prepare food and critical to the farmers that grow our raw ingredients. term issues are Water-related issues are integrated into the following long-term business objectives, in response to existing risks or future business integrated risks: acceleration of productivity, the proactive protection of productivity gains, and the enablement of growth and objectives innovation. Conagra Brands encourages or requires implementation of sustainable agriculture practices with our contracted farmers through implementation of our Grower’s Guide, a field-level, metrics-based approach to sustainable agriculture. Strategy Yes, water-related 5-10 The availability of clean water is essential to how we prepare food and critical to the farmers that grow our raw ingredients. for issues are Our water resource strategy guides how we actively manage water resources across the value chain and factors into both achieving integrated water use and water quality. Having a very diverse product portfolio, there’s a wide range of water used to prepare different long-term foods. Therefore, our facilities’ water use reduction goals vary based on opportunity. For example, some of the foods we objectives make — such as peanut butter — requires very little process water. Others are much more water-intensive, either in food preparation or sanitation requirements. This kind of insight allows us to make strategic decisions about where and how we focus our resources. Effectively managing water resources — both in terms of water use efficiency and wastewater discharge quality — is one of our top sustainability priorities. In the years ahead, we plan to leverage knowledge of local watersheds and regulatory environments.

Financial No, water-related 5-10 Water -related issues were reviewed but not considered as strategically relevant/significant at this time. planning issues were reviewed but not considered as strategically relevant/significant

W7.2

(W7.2) What is the trend in your organization’s water-related capital expenditure (CAPEX) and operating expenditure (OPEX) for the reporting year, and the anticipated trend for the next reporting year?

Water-related Anticipated forward Water-related Anticipated forward Please explain CAPEX (+/- % trend for CAPEX (+/- % OPEX (+/- % trend for OPEX (+/- % change) change) change) change)

Row 0 0 0 0 There has been no substantial change in this report period for 1 our water-related capital expenditure and operating expenditure.

W7.3

(W7.3) Does your organization use climate-related scenario analysis to inform its business strategy?

Use of climate-related scenario analysis Comment Row 1 Yes

W7.3a

(W7.3a) Has your organization identified any water-related outcomes from your climate-related scenario analysis? Yes

W7.3b

CDP Page 32 of 38 (W7.3b) What water-related outcomes were identified from the use of climate-related scenario analysis, and what was your organization’s response?

Climate- Description of possible water-related outcomes Company response to related possible water-related scenario(s) outcomes

Row Other, Conagra Brands uses the WRI Aqueduct tool, along with a supplemental in-house scenario analysis (focused on We continue to identify 1 please high-risk regions) to identify water-related outcomes associated with future climate scenarios through 2040. As a and implement projects specify company, we recognize the strong link between climate change and water scarcity. Areas that are more severely to reduce water (WRI impacted by climate change will experience greater water scarcity. Policy-based water restrictions due to drought and specifically in drought- Aqueduct water availability have the potential to significantly impact our business operations. prone areas such as Tool and in- California. house tools)

W7.4

(W7.4) Does your company use an internal price on water?

Row 1

Does your company use an internal price on water? No, and we do not anticipate doing so within the next two years

Please explain Conagra Brands does not anticipate exploring an internal price on water within the next two years.

W8. Targets

W8.1

(W8.1) Describe your approach to setting and monitoring water-related targets and/or goals.

Levels for Monitoring Approach to setting and monitoring targets and/or goals targets at and/or corporate goals level

Row Company- Targets are Guided by our refreshed materiality assessment, the Citizenship Steering Committee reviews Conagra Brands overall sustainability 1 wide monitored strategy, target/goal setting, programming and reporting priorities at a company level. Our approach to setting targets/goals is based targets at the on industry research, a comparison to peers and current water usage. Due to the continually changing nature of production at and goals corporate individual facilities, Conagra Brands chooses to place greater emphasis and focus on our 2020 company-wide target. Conagra Business level Brands’ set a 2020 intensity-based water reduction target to reduce water use per unit of production by 20%. Beginning in FY12, level Goals are Conagra Brands set site specific water use intensity reduction targets. That year we begin to measure and track water use per pound specific monitored of production. For each of our manufacturing facilities, we track direct water use on a monthly basis, charting progress towards site- targets at the specific, year-over-year reduction goals that are set as part of the annual planning process. Having a very diverse product portfolio, and/or corporate there’s a wide range of water used to prepare different foods. Therefore, our facilities water use reduction goals vary based on goals level opportunity. For example, some of the foods we make — such as peanut butter— requires very little process water. Others are much Site/facility more water intensive, either in actual food preparation or sanitation requirements. This kind of insight allows us to make strategic specific decisions about where and how we focus our resources. Through the execution of several water-reduction projects, Conagra Brands targets is currently on track to meet our 2020 intensity-based water reduction target. The progress is monitored and communicated monthly and/or by Corporate. We report progress towards annual water use reduction goals to our operations leadership team as part of the period goals review, along with other sustainability metrics. Progress towards these goals is included in operations leadership and plant management performance appraisals.

W8.1a

CDP Page 33 of 38 (W8.1a) Provide details of your water targets that are monitored at the corporate level, and the progress made.

Target reference number Target 1

Category of target Water use efficiency

Level Company-wide

Primary motivation Water stewardship

Description of target Our 2020 Sustainability Vision outlines measurable Objectives, including the elimination of all forms of waste and ensuring long- term access to the resources required to make our products. To maximize water use efficiency while emphasizing sustainable water management practices, Conagra Brands has set an intensity-based target to reduce water use per pound of production by 20 percent by 2020. In FY08, the water use intensity was 0.7, reported as 1,000 gallons of water used per pound production. To reach our 2020 Sustainability vision requires Conagra Brands to have a water intensity of 0.55. In FY17, Conagra Brands water intensity was 0.64, equating to a 7.6 percent decrease in water use per pound of product produced. As of FY17, Conagra Brands achieved 38 percent of the 2020 target.

Quantitative metric Other, please specify (% reduction per unit of production )

Baseline year 2008

Start year 2008

Target year 2020

% achieved 38

Please explain As of FY17, Conagra Brands achieved 38 percent of the 2020 intensity-based water reduction target. The progress at the end of FY17 is not indicative of the progress Conagra Brands has made with respect to water reduction. Due to changes in the footprint of the manufacturing facilities in the network, the end of FY17 progress is much lower than where we are currently trending. Based on current data, Conagra Brands is on track to meet the 2020 goal.

W8.1b

CDP Page 34 of 38 (W8.1b) Provide details of your water goal(s) that are monitored at the corporate level and the progress made.

Goal Other, please specify (Water risk management)

Level Company-wide

Motivation Risk mitigation

Description of goal In being a good environmental steward, Conagra Brands 2020 Sustainability vision includes a goal to actively address water risk at the corporate level. Beginning in FY12, Conagra Brands set site specific water use intensity reduction targets. Projects implemented to reduce water include installing water meters, recirculating water used to cool equipment and installing a holding tank to maximize the use of reclaimed water from tomatoes. Conagra Brands employs a custom in-house risk mapping tool that monitors environmental items including extreme weather (hurricanes, snow, tornados and storms) and drought conditions impacting our supply chain. Each one of our supplier locations in the US is electronically mapped and can be cross-referenced with the latest published US government data on drought conditions (National Drought Mitigation Center) and in the US and around the world for extreme weather events (National Oceanic and Atmospheric Association & World Meteorological Organization). Our risk management team conducts an analysis on each supplier location in this database once a year, and communicates threats to our R&D and procurement teams to influence product design and manufacturing decisions. The risk management team also tracks weather-related transportation disruptions that impact our business in real time, and in 2017 this tool helped us track and assess transportation impacts of hurricanes Irma and Harvey in the US Southeast.

Baseline year 2016

Start year 2016

End year 2020

Progress For each of our manufacturing facilities, we track direct water use monthly, charting progress towards site-specific, year-over-year reduction goals that are set as part of the annual planning process. Indicators used to assess progress of our in-house risk mapping tool include the successful use of the tool in real-time to track water-related disruptions and take necessary action. Progress towards our corporate water goal is included in operations leadership, plant management and other key individuals’ performance appraisals.

W9. Linkages and trade-offs

W9.1

(W9.1) Has your organization identified any linkages or tradeoffs between water and other environmental issues in its direct operations and/or other parts of its value chain? Yes

W9.1a

CDP Page 35 of 38 (W9.1a) Describe the linkages or tradeoffs and the related management policy or action.

Linkage or tradeoff Tradeoff

Type of linkage/tradeoff Increased energy use

Description of linkage/tradeoff Single-pass cooling is more energy efficient than recirculated water cooling systems. Our Hebrew National facility in Quincy, Michigan reduced more than 80 percent of total water use by recirculating water in new condensers. While the project greatly helped our glide path to reducing water use by 20 percent by 2020, it added additional electricity with mechanical cooling and fans to recycle the water. Reducing water usage and associated risks were prioritized over the less than 15 percent increase in Quincy’s greenhouse gas emissions per pound over the same period.

Policy or action In this instance, reducing over 80 percent of the water usage was significant for our Quincy, Michigan facility as this plant is Conagra Brands’ predominate water user located in an area of high risk. Although we manage these trade-offs on a case by case basis, reducing water usage and associated risks are typically prioritized. As areas of greater risk are identified, capital funds may be reallocated and financial thresholds may be adjusted to accommodate.

W10. Verification

W10.1

(W10.1) Do you verify any other water information reported in your CDP disclosure (not already covered by W5.1d)? Yes

W10.1a

(W10.1a) Which data points within your CDP disclosure have been verified, and which standards were used?

Disclosure Data verified Verification Please explain module standard

W1. Water withdrawal ISAE3000 Conagra Brands water withdrawal data is annually verified for all Conagra Brands locations, in accordance with Current volume International Standard Assurance Engagements (ISAE) 3000 to limited assurance standards. This verification is state inclusive of facilities not covered in 5.1d (high-risk).

W8. Volume of water used ISAE3000 Our water intensity metric is verified to ensure accurate reporting on progress towards our 2020 water intensity Targets per pound of food reduction target. product produced

W11. Sign off

W-FI

(W-FI) Use this field to provide any additional information or context that you feel is relevant to your organization's response. Please note that this field is optional and is not scored. 060117 Water Stewardship.pdf

CDP Page 36 of 38 W11.1

(W11.1) Provide details for the person that has signed off (approved) your CDP water response.

Job title Corresponding job category Row 1 Executive Vice President and Chief Supply Chain Officer Chief Operating Officer (COO)

W11.2

(W11.2) Please indicate whether your organization agrees for CDP to transfer your publicly disclosed data on your impact and risk response strategies to the CEO Water Mandate’s Water Action Hub [applies only to W2.1a (response to impacts), W4.2 and W4.2a (response to risks)]. Yes

SW. Supply chain module

SW0.1

(SW0.1) What is your organization’s annual revenue for the reporting period?

Annual revenue Row 1

SW0.2

(SW0.2) Do you have an ISIN for your organization that you are willing to share with CDP? No

SW1.1

(SW1.1) Have you identified if any of your facilities reported in W5.1 could have an impact on a requesting CDP supply chain member? No, we do not have this data and have no intentions to collect it

SW1.2

(SW1.2) Are you able to provide geolocation data for your site facilities not already reported in W5.1? No, we do not have this data and have no plans to collect it

SW2.1

(SW2.1) Please propose any mutually beneficial water-related projects you could collaborate on with specific CDP supply chain members.

CDP Page 37 of 38 SW2.2

(SW2.2) Have any water projects been implemented due to CDP supply chain member engagement? No

SW3.1

(SW3.1) Provide any available water intensity values for your organization’s products or services across its operations.

Submit your response

In which language are you submitting your response? English

Please confirm how your response should be handled by CDP

Public or Non-Public Submission I am submitting to Are you ready to submit the additional Supply Chain Questions? I am submitting my response Public Investors Yes, submit Supply Chain Questions now Customers

Please confirm below I have read and accept the applicable Terms

CDP Page 38 of 38