Investors urge KFC, McDonald's and Burger King to cut emissions | Environment



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McDonald's, KFC and Burger King were urged to reduce greenhouse gas emissions in their supply chains by a coalition of global investors, with the livestock industry criticized for being one of the world's most emitting sectors without a plan low carbon.

Growing concern that the industry is neglecting climate change and has not set emissions targets – unlike other sectors – has led more than 80 investors to charge $ 6.5 trillion to challenge fast food owners to set robust targets for its meat and dairy suppliers, in what could be a striking demand.

In a letter jointly organized by the Fairtrade Investment and Return Initiative (CERF) and Ceres sustainability organization, fast food companies – which represent more than 120,000 restaurants worldwide – were censored for expansion without mitigate their environmental impacts.

"If we are to meet the global climate ambitions set by the Paris agreement and ensure the availability and sustainable management of global water resources, fast and good global brands need to take concrete steps to manage supply chain emissions and water impacts" said Heike Cosse of Aegon Asset Management.

"The advantage of investors is that companies that can not meet this challenge face regulatory and reputational risks that put their long-term financial sustainability under threat."

BMO Global Asset Management added that the long-term value of fast food multinationals was under increasing threat, citing growing demand for plant foods, increased environmental regulation and fears over water pollution from intensive farms.

In the letter, the coalition of investors – which also included Aviva UK – advised the networks to reduce their impact on fresh water, publish time-sensitive targets and publicly announce their progress each year.

Cattle raising is a major cause of deforestation and water pollution, accounting for 14.5% of global greenhouse gas emissions – methane, nitrous oxide and carbon dioxide. If global demand for beef increases by 95% by 2050, as expected, meeting the rising appetite can have serious consequences.

"If you look at the next 20 years, methane is 80 times more potent to heat the planet than CO2, so the pollution of livestock is playing a huge role in the devastation caused by the climate we are already seeing in super storms, floods , droughts and forest fires, "said Ian Monroe, chief investment officer at Etho Capital and professor of earth systems at Stanford University.

In the United States, most large-scale meat processing plants that pollute streams and rivers face few consequences, according to a Ceres survey, and the animal husbandry industry is exempt from reporting its greenhouse gas emissions.

Around the world, livestock use 83 percent of farmland, despite providing only 18 percent of their caloric intake, with consumers in Europe eating about five times the recommended amount of red meat, poultry and dairy products, according to Fairr. The organization has previously warned that demand must exceed what can be achieved within "planetary borders," and that intensification of animal husbandry is not sustainable, with scientists recommending that people adopt plant-based diets.

"Every day about 84 million adults consume fast food in the US alone, but the inconvenient truth of convenience foods is that the environmental impacts of meat and dairy products in the industry have reached unsustainable levels," said Jeremy Coller, founder of Fairr . officer of Coller Capital. "To put this in perspective, if the cows were a country, it would be the third largest emitter of greenhouse gases in the world."

He added, "Other high-emitting industries such as cars or oil and gas are starting to set clear and ambitious climate targets, making animal agriculture one of the world's highest emitting sectors without a low carbon plan."

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