Over 90% of fast food emissions hidden in Scope 3

Significant progress but concerns remain

More than 90% of emissions from fast food companies reside within Scope 3 disclosures, however the industry’s lack of transparency threatens to undermine efforts to tackle climate risk, a new progress report from FAIRR and Ceres has revealed.

The three-year global investor engagement with six fast food giants has resulted in "significant progress" on climate target setting, but concerns are abound regarding the management of both emissions and water usage. Led by an $11trn investor coalition, the Global Investor Engagement on Meat Sourcing revealed that nearly the entirety of the industry's climate impact is found within Scope 3 emissions, where meat and dairy suppliers are a "key concern". New UK FCA rules on climate-related disclosures — ten key points The coalition focused on Chipotle Mexican Grill, Domino's Pizza, M...