Investors Press Fast Food Giants to ‘Urgently’ Improve Supply Chain Sustainability
Convened by non-profit Ceres and Coller Capital’s FAIRR initiative, the group of more than 80 investors with more than $6.5 trillion in assets under management is urging fast-food companies to publish detailed plans on how they will mitigate environmental sustainability risks like deforestation and water stress throughout their supply chains. In an open letter to the food-to-go chains, which also include KFC’s parent firm Yum! Brands and Burger King owner Restaurant Brands International, the investors state that “animal agriculture is the world’s highest-emitting sector without a low-carbon plan,” urging recipients to bolster the sustainability requirements of their respective meat and dairy supply policies by March. Signatories of the open letter hail from around the world and include BMO Global Asset Management, Aviva Investors and Aegon Asset Management.
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