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Dear John,

Yesterday, Ceres and FAIRR released a briefing on the progress investors have made engaging with six of the world’s largest fast food brands to address the climate and water crises.
One year ago, a coalition of investors organized by Ceres and the FAIRR Initiative called on six of the world’s largest fast food brands to act urgently to address climate and water risks in their meat and dairy supply chains. This followed multiple analyses underscoring how many of the fast food industry’s largest meat suppliers are lagging when it comes to climate and water risk management, including Ceres’ Feeding Ourselves Thirsty benchmarking. At the time, this coalition of 83 investors represented more than $6.5 trillion in combined assets.

This coalition has grown by 75% to include more than 90 investors with combined assets of $11.4 trillion.

Key takeaways of the new briefing include:
  • Two of these six companies have publicly committed to science-based climate targets
  • The sector as a whole has strengthened board and management oversight over sustainability risks
  • McDonald’s has undertaken a water risk assessment of its full value chain and committed to assessing the resilience of its meat supply chain to various warming scenarios
Read more details of the Global Investor Engagement on Meat Sourcing analysis here.

But there needs to be more done, and at a faster pace, in order to address climate and water risk in meat and dairy supply chains. We are excited to have the backing of this expanded coalition for this important work and look forward to supporting investors as we build on our progress over the coming months.
Sincerely,
Susan Sayers
 		 Susan Sayers signature

Kirsten James
Program Director, Water
Ceres
 
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