One year after global investors representing more than $6.5 trillion in assets called on six of the largest fast-food companies to act urgently to mitigate the climate and water risks in their meat and dairy supply chains, Ceres and FAIRR are excited to announce this second phase of investor engagement, which will continue dialogues with all six companies, with the added support of an expanded coalition of over 90 investors, amounting to a total of $11.4 trillion in combined assets under management.
Growing global demand for meat and dairy products continues to place unsustainable burdens on our planet’s limited resources. Animal agriculture is linked to nearly 15% of global greenhouse gas (GHG) emissions and is a significant driver of both water scarcity and land-use change. As one of the largest buyers and sellers of meat and dairy products, the $570 billion global fast-food sector is increasingly vulnerable to the impacts of a warming planet on these animal protein supply chains. Multiple analyses from Ceres, FAIRR, and others have found that many prominent protein suppliers are not adequately managing these risks.
In response, global investors representing more than $6.5 trillion in assets called on six of the largest fast-food companies in 2019 to act urgently to mitigate the climate and water risks in their meat and dairy supply chains
To ensure resilient commodity supply chains, investors have requested that companies develop strong supplier policies on climate and water risks, set science-based targets to curb GHG emissions and improve water use, and perform climate-related scenario analyses to understand the risks and opportunities for their businesses.
One year after launching this investor engagement, Ceres and FAIRR are excited to announce the second phase, which will continue dialogues with all six companies, with the added support of an expanded coalition of over 90 investors, amounting to a total of $11.4 trillion in combined assets under management.