A coalition of investors is calling on McDonalds, KFC, and other fast food suppliers to take swift action on climate change. The group, with around $6.5 trillion under management, want the chains to cut carbon and water risks in their dairy and meat suppliers.
Animal agriculture, they argue, is one of the highest emitting sectors without a low CO2 plan. They’re calling for public, time limited targets for reducing impacts. The investors group have targeted some of the largest companies in the global fast food sector that’s said to be worth $570bn. These include the owners of McDonalds, Domino’s Pizza, Burger King, Chipotle Mexican Grill, Wendy’s, Pizza Hut and KFC.
More than 80 investors have signed a letter to the fast food giants asking them to “enact meaningful policies and targets” to reduce the carbon footprint of their meat and dairy supply chains.