A group of more than 80 investors is urging the world’s six largest fast-food companies to take action towards reducing their contribution to climate change.
Fast food supply chains are asked to publish ambitious and detailed sustainability plans, outlining how they will mitigate deforestation and excessive water usage from their supply chains. These plans are required to implement policies to lower carbon emissions and address freshwater impact.
Recent research shows that if changes do not happen, co2 emissions from the agriculture sector could use 70% of the global carbon budget by 2050.
The formation of such a large group of investors with more than $6.5trn in assets demonstrates the urgency of the issue. Animal agriculture is the world’s highest emitting sector without a low carbon plan. This push toward sustainability plans displays that environmental management is a priority for capital markets.
If fast food chains are successful in creating and implementing ambitious plans to offset carbon emissions, the impact would be significant and increase the likelihood of achieving the Paris Agreement goals to limit global heating to 1.5 degrees Celsius.
There have already been signs of a societal behavior shift away from a meat-heavy diet, however many are still resistant. Sustainability plans within the fast food industry could help an environmentally friendly diet enter the mainstream and activate change within consumers.