McDonald’s Commits to Achieve Net Zero Emissions Globally by 2050
Oct 6, 2021 By MarketDepth
McDonald’s Corporation (NYSE: MCD) reported its commitment to net zero emissions on global operations by 2050. The company has planned to join the United Nationas Race to Zero campaign and sign on to the Science Based Targets initiative’s Business Ambition for 1.5°C campaign. McDonald’s will increase the emissions reduction levels in its existing 2030 science based target along all scopes of emissions in line with developing SBTi best practices to set a long term reduction target to reach net zero emissions. “We believe we have both a privilege and a responsibility to help lead on issues that matter most in communities – and there is no issue more urgent globally and of impact locally than protecting our planet for generations to come,” said Chris Kempczinski, McDonald’s President and Chief Executive Officer. “By committing to net zero through the SBTi’s Business Ambition for 1.5°C campaign, we are helping every community we serve mitigate the impacts of climate change and adapt for the future.”
McDonald’s works with market business teams, suppliers, franchisees and other partners to reach net zero emissions. “Because McDonald’s serves and delivers food to local communities around the world, they have an opportunity to use their unique assets – their restaurants and supply chain – to set an example of deep corporate responsibility and to inspire other companies and communities to do likewise. Its decision to commit to a net-zero future matters because it will deliver results at scale and build momentum ahead of COP26 where we need more companies, governments, and other actors to do the same,” said Carter Roberts, President and CEO of World Wildlife Fund (WWF). “By leveraging the latest science in accounting for agricultural emissions, this commitment paves a path for other large food companies to follow. No single company can solve the climate crisis. But commitments like this that raise ambition and push forward critical areas of climate science can create lasting results.”
