A coalition of 80 investors representing $6.5 trillion in assets under management sent letters to five major quick-serve restaurant groups today demanding an explanation for how they will de-risk their meat and dairy supply chains by March 2019, according to a press release emailed to Supply Chain Dive.
The letters — sent to Domino’s Pizza, McDonald’s, Restaurant Brands International (owners of Burger King), Chipotle Mexican Grill, Wendy’s Co. and Yum! Brands (owners of KFC and Pizza Hut) — are part of a campaign led by sustainability nonprofit Ceres, and Farm Animal Investment Risk and Return (FAIRR), an investor group that works to end factory farming.
“Other high-emitting industries, such as cars or oil and gas, are beginning to set clear yet ambitious climate targets, making animal agriculture one of the world’s highest-emitting sectors without a low-carbon plan. A failure to tackle these major environmental problems in corporate supply chains puts the long-term financial sustainability of these household names under threat,” said Jeremy Coller, Founder of FAIRR and Chief Investment Officer of Coller Capital in a statement.
Read the full story at www.SupplyChainDive.com.