More than 80 institutional investors reportedly called on six of the largest global fast-food companies to mitigate potential environmental impacts and risks associated with their meat and dairy supply chains, which purportedly threaten the companies' long-term sustainability.
The form of letter sent to each company requests they take these measures:
- Adopt a supplier policy on animal protein sourcing to measure, report and reduce GHG emissions and freshwater impacts from the company's agricultural supply chains
- Publish quantitative, time-bound targets and associated metrics to reduce the freshwater impacts and GHG emissions of their animal protein supply chains
- Commit to publicly disclose progress toward these targets annually in company reports and/or through other public reporting platforms such as CDP
- Undertake and publish a climate scenario analysis in line with TCFD recommendations to assess the resilience of the company's animal protein (meat, dairy, eggs, fish) commodity sourcing strategy against alternative warming scenarios
The letter requests the companies respond by March 1st detailing their plans to address these measures.