A coalition of investors is calling on McDonald’s, KFC, and other fast food suppliers to take swift action on climate change.
The group, with around $6.5 trillion under management, want the chains to cut carbon and water risks in their dairy and meat suppliers.
Animal agriculture, they argue, is one of the highest emitting sectors without a low CO2 plan.
McDonald’s says it has put in place strong climate targets for suppliers.
The investors group have targeted some of the largest companies in the global fast food sector that’s said to be worth $570bn.
As well as McDonald’s, these include Domino’s Pizza, Burger King, Chipotle Mexican Grill, Wendy’s, Pizza Hut and KFC.
More than 80 investors have signed a letter to the fast food giants asking them to “enact meaningful policies and targets” to reduce the carbon footprint of their meat and dairy supply chains.
They are concerned by an analysis of the meat and dairy producers that supply the fast food giants.
Agricultural emissions including those from meat and dairy are on track to contribute around 70% of the total allowable greenhouse gas emissions by 2050 that would the keep rise in the world’s temperature under 2C this century.
The livestock sector is also estimated to use approximately 10% of annual global water flows.
In their letter, they are calling on the chains to put in place clear requirements for suppliers of animal proteins to report and reduce their greenhouse gases and their freshwater impacts.
They want the companies to publish quantitative, time bound targets for reductions and commit to publicly disclose the progress on these targets…read more.