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Campbell Unveils 2020 Sustainability and Citizenship Goals in 2010 Corporate Social Responsibility Report

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CAMDEN, N.J., May 04, 2010 (BUSINESS WIRE) –Campbell Soup Company (NYSE: CPB) today announced four
sustainability and corporate citizenship goals, including goals to
reduce childhood obesity and water consumption. The company described
these and other plans in its 2010 corporate social responsibility
report, which can be viewed at www.thecampbellscompany.com/csr.

The report, Nourishing: Consumers – Neighbors – Employees – Planet,
describes Campbell’s strategies, policies and programs that will help
drive the company toward four comprehensive goals by 2020.

“For Campbell, conducting business in a socially responsible way is
mission critical,” said Douglas R. Conant, President and CEO. “We firmly
believe that, as we build an extraordinary company, we can also build a
better world. In 2009 we established a corporate strategy to advance a
powerful commitment to sustainability and corporate social
responsibility in everything we do. In this report, we have defined four
long-term destination goals that will clarify our purpose, promote
strategic alignment across our organization and deliver measureable
results.”

Over the next decade, Campbell will pursue the following four goals:

Campbell issued its first Corporate Social Responsibility report in
2008. Since then, the company has made significant progress, including:

Campbell has been widely recognized for its corporate social
responsibility efforts since publishing its 2008 Report. The company has
been added to the Dow Jones Sustainability Indexes, named to the 100
Best Corporate Citizens List by Corporate Responsibility
magazine, ranked second in 2008 and ninth in 2009 for Best Corporate
Reputation by Boston College Center for Corporate Citizenship,
Reputation Institute
, named to the list of 2010 World’s Most Ethical
Companies by Ethisphere magazine and named a Catalyst
Award winner in 2010.

The structure and content of the 2010 Report was prepared using the
Global Reporting Initiative (GRI) G3 Sustainability Reporting Guidelines
as a basis for organization and content. The 2010 Report addresses
Campbell operations on a global basis and includes performance metrics
from fiscal years 2007 and 2008, where available.

To conserve resources, the full report is only available on line at www.thecampbellscompany.com/csr.
A 24-page print report, printed on 100 percent post-consumer waste
recycled paper, is also available on request by contacting [email protected].

About Campbell Soup Company

Campbell Soup Company is a global manufacturer and marketer of
high-quality foods and simple meals, including soup, baked snacks, and
healthy beverages. Founded in 1869, the company has a portfolio of
market-leading brands, including “Campbell’s,” “Pepperidge Farm,”
“Arnott’s,” and “V8.” For more information on the company, visit
Campbell’s website at www.campbellsoup.com.

SOURCE: Campbell Soup Company

Campbell Soup Company
John Faulkner (Media)
856-342-3738
or
Jennifer Driscoll (Analysts)
856-342-6081
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