Post by account_disabled on Feb 25, 2024 6:26:00 GMT -5
It is likely that you have visited one of the restaurants of these six giants: Chipotle Mexican Grill, Domino's Pizza, McDonald's, Restaurant Brands International (RBI) - owners of Burger King -, Wendy's Co. or Yum! —which includes KFC, Pizza Hut and Taco Bell—, this popularity also means that the environmental footprint of these companies extends throughout the world, with a high dependence on natural resources.
In the US alone, around 85 million adults – a third of Cell Phone Number List the population – consume fast food every day. As demand for these types of products grows, they become an unsustainable burden on the planet. And it is possible that, if we do not act quickly, this industry could compromise the future of this and other generations.
For this reason, a coalition of investors has called on large chains to take immediate actions aimed at sustainability. According to Investment Week , investors note that while progress on climate goals has been significant, concerns regarding emissions management and water use still abound.
Investors want sustainable burgers, tacos and pizzas
Likewise, as News Trust reports , investors are demanding greater commitment and action for well-known franchises to offer sustainable burgers, tacos and pizzas. Since 2019, global network FAIRR and sustainability nonprofit Ceres have mobilized $6.5 trillion in combined assets to require fast food corporations to better manage their climate and water risks .
However, progress has been too slow, according to a report recently published by FAIRR and Ceres , as more than 90% of fast food companies' emissions fall within Scope 3 disclosures, where product suppliers Meat and dairy are a key concern and play an important role.
Only two of the six agglomerates—RBI and Yum!—disclosed total emissions from animal agriculture. Both cited meat and dairy suppliers as responsible for more than half (57% and 51%, respectively) of their total emissions.
KFC admits that a third of its chickens suffer from painful inflammation
Climate change is fast and food chains are slow
Although livestock farming is one of the sectors with the highest polluting emissions, none of the fast food companies have established objectives to reduce pollution and water consumption in their supply chains, despite the fact that the industry is considered high impact.
Given this, FAIRR and Ceres highlight that the lack of transparency threatens to undermine efforts to address the climate crisis. For this reason, investors are calling for change now, as it is only a matter of time until the consequences prevail.
"Financiers are the best way to get attention and more than 80 sent a letter urging them to offer "sustainable hamburgers, tacos and pizzas" to fast food transnationals."
Responsible investments
In this document, investors ask chains to describe clear and precise requirements for their suppliers with a strong focus on reducing greenhouse gas emissions and the use of water, in this way pressure will be put on those who provide the inputs. .
“When investors come together to get companies to act on climate and water risks, we see the power of capital markets to accelerate the shift towards a fairer and more sustainable economy […].”
Daniel Shepard, part of the Ceres team.
Finally, it should be noted that emissions are a big problem in achieving climate goals, but the lack of water supply and management is a looming threat to profits and the planet. So it is imperative that fast food companies accelerate the integration of sustainable burgers, tacos and pizzas. Investors are calling for action today. And consumers are increasingly interested in what brands are doing about climate change.
In the US alone, around 85 million adults – a third of Cell Phone Number List the population – consume fast food every day. As demand for these types of products grows, they become an unsustainable burden on the planet. And it is possible that, if we do not act quickly, this industry could compromise the future of this and other generations.
For this reason, a coalition of investors has called on large chains to take immediate actions aimed at sustainability. According to Investment Week , investors note that while progress on climate goals has been significant, concerns regarding emissions management and water use still abound.
Investors want sustainable burgers, tacos and pizzas
Likewise, as News Trust reports , investors are demanding greater commitment and action for well-known franchises to offer sustainable burgers, tacos and pizzas. Since 2019, global network FAIRR and sustainability nonprofit Ceres have mobilized $6.5 trillion in combined assets to require fast food corporations to better manage their climate and water risks .
However, progress has been too slow, according to a report recently published by FAIRR and Ceres , as more than 90% of fast food companies' emissions fall within Scope 3 disclosures, where product suppliers Meat and dairy are a key concern and play an important role.
Only two of the six agglomerates—RBI and Yum!—disclosed total emissions from animal agriculture. Both cited meat and dairy suppliers as responsible for more than half (57% and 51%, respectively) of their total emissions.
KFC admits that a third of its chickens suffer from painful inflammation
Climate change is fast and food chains are slow
Although livestock farming is one of the sectors with the highest polluting emissions, none of the fast food companies have established objectives to reduce pollution and water consumption in their supply chains, despite the fact that the industry is considered high impact.
Given this, FAIRR and Ceres highlight that the lack of transparency threatens to undermine efforts to address the climate crisis. For this reason, investors are calling for change now, as it is only a matter of time until the consequences prevail.
"Financiers are the best way to get attention and more than 80 sent a letter urging them to offer "sustainable hamburgers, tacos and pizzas" to fast food transnationals."
Responsible investments
In this document, investors ask chains to describe clear and precise requirements for their suppliers with a strong focus on reducing greenhouse gas emissions and the use of water, in this way pressure will be put on those who provide the inputs. .
“When investors come together to get companies to act on climate and water risks, we see the power of capital markets to accelerate the shift towards a fairer and more sustainable economy […].”
Daniel Shepard, part of the Ceres team.
Finally, it should be noted that emissions are a big problem in achieving climate goals, but the lack of water supply and management is a looming threat to profits and the planet. So it is imperative that fast food companies accelerate the integration of sustainable burgers, tacos and pizzas. Investors are calling for action today. And consumers are increasingly interested in what brands are doing about climate change.