They are also calling the chains to publish quantitative, time-bound targets to reduce greenhouse gas emissions.
An alliance of investment firms have urged six of the world’s largest quick service brands to tackle sustainability within their supply chains.
In an open letter, the group of more than 80 investors called on Domino’s Pizza, McDonald’s, Chipotle, Wendy’s, Yum! Brands, and Burger King owner Restaurant Brands International to publish detailed targets on tackling issues such as deforestation and water stress.
“Far-sighted investors cannot ignore the headwinds the meat and dairy sector faces – increased environmental regulation, rising consumer demand for plant-based food, and fears over water pollution from intensive farms are all ingredients in the rising threat to the long-term value of the fast food multinationals," Alice Evans, co-head of responsible investing at BMO Global Asset Management, said.
“Scientists and authorities have identified climate change and water-related issues as major risks for investors. The fast food sector and its supply chain have a substantial impact on these challenges. With increased investor and consumer awareness of climate change and other sustainability issues, showing leadership is imperative to thrive as a business," Maxime Molenaar, Head of Sustainability & Strategy, ACTIAM added.
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