Fast food industry under pressure to decrease its global footprint stat
Fast food is one of the most popular conveniences of modern society, but it comes at a huge risk to the environment. Amid growing concerns of agriculture and water risks, a group of global investors are putting pressure on the fast food industry to come up with a sustainable model to lower their footprint on the environment.
The investors, who manage a combined $6.5 trillion, issued letters to six of the largest fast food chains in the United States. The letters asked the companies to explain their plan to reduce risks associated with meat and dairy products by the spring of 2019. The companies targeted include McDonald’s, Burger King, Domino’s Pizza, Chipotle Mexican Grills, Yum! Brands (Pizza Hut and KFC) and Wendy’s Co.
There are over 80 investors who signed on to the initiative, which is also backed by the Interfaith Center on Corporate Responsibility (ICCR). The ICCR has a long track record of talking with fast food chains about environmental issues, such as water hazards and deforestation.
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“Every day around 84 million adults consume fast food in the U.S. alone, but the inconvenient truth of convenience food is that the environmental impacts of the sector’s meat and dairy products have hit unsustainable levels,” said Jeremy Coller, the head of Coller Capital, in a statement.
One of the biggest issues with fast food restaurants is their dependency on agriculture, specifically the beef industry. With fast food continuing to rise in popularity, the demand for more beef has reached unsustainable levels. Not to mention, the severe impact the dairy industry has on the environment.
To help combat the situation, the new initiative hopes to work with companies to reduce water waste and deforestation, as well as improve conditions in animal agriculture all across the board. Working together, companies in the fast food industry can improve the environment and help cut down on greenhouse gas emissions.
It is unclear how the fast food companies have reacted to the letter. If they choose not to act and better the environment, experts predict the agricultural industry — which includes dairy and meat production — will account for around 70 percent of global greenhouse gas emissions within the next 30 years.
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