Call For Participation! CERES x FAIRR – Global Investor Engagement On Meat Sourcing
by China Water Risk 31 December, 2019
Ceres and the FAIRR Initiative are jointly leading a collaborative engagement with six quick-service restaurant brands.
The first phase of the engagement was supported by over 80 investors with over $6.5 trillion in combined assets. The engagement asked the companies to de-risk their meat and dairy supply chains by taking four steps. It asked companies to undertake climate risk scenario analysis, develop strong supplier policies on climate and water, set science-based targets, and publicly report on progress against these targets. We are currently undertaking the second phase of the engagement.
Investor signatories have completed one round of calls with all six companies in the first phase of this engagement.
In the second phase of this collaborative engagement, investors will have the opportunity to progress the dialogues beyond a contextual discussion to more specific questions. Investors will be able to request that companies commit to key interim objectives identified during Phase I of the engagement. While these objectives differ for each company, examples include:
- Emphasis on protein supply chain risks in board discussions and formalizing existing board oversight
- Development of internal sustainability staff capacity and expertise
- Choosing a disclosure framework
- Adding further detail to existing environmental expectations of major suppliers
- Setting science-based climate and water targets
Investors may sign on using this form. The deadline to sign on is January 10th, 2020.
Questions may be directed to Jacob London – Senior Associate, Water | Ceres ([email protected])