Starbucks Corp. said in a public letter Tuesday that it is committing to be a "resource-positive" company by 2030, with science-based preliminary targets for reducing carbon emissions, water use and waste by then.
The move comes partly in response to a 2019 shareholder proposal filed by nonprofit As You Sow and Trillium Asset Management asking the company to revive a sustainable packaging pledge to serve 25% of beverages in reusable containers and to start recycling packaging in developing markets.
The proposal won 44.5% of shareholder votes, but when the company did not fully respond, it was refiled in September for 2020. That led to a more productive dialogue with the company and the withdrawal of the shareholder proposal, As You Sow Senior Vice President Conrad MacKerron said in an interview. Read Full Article - Pensions & Investments, January 21, 2020