Pension savers are calling on McDonald’s to prove that its climate strategy can meet its 2030 and 2050 emissions reduction targets, according to research from PensionBee.
A shareholder resolution, set to be voted on at McDonald’s annual general meeting on 20 May, urges the company to disclose an assessment of whether its current climate transition plan and resource commitments are sufficient or whether additional measures are needed.
PensionBee's research revealed that 62 per cent of pension savers would support the resolution if given a vote, 11 per cent were opposed and 26 per cent were undecided.
McDonald’s, one of the world’s largest buyers of beef, faces growing scrutiny from investors over its climate impact, particularly given the absence of a roadmap for how it intends to meet its goals.
Additionally, livestock production remains a major contributor to global greenhouse gas emissions, raising doubts over whether the company’s strategy aligns with international climate standards.
PensionBee chief engagement officer, Clare Reilly, said its research showed that pension savers want companies to be honest about whether they’re on track to meet their climate goals.
“The strong support for this resolution reflects a clear expectation that businesses like McDonald’s must demonstrate credible and achievable climate plans – not just headline targets,” she said.
“Pension savers are looking for reassurance that their money is being invested in companies that take their environmental responsibilities seriously.
“We hope shareholders take this opportunity to act and companies to listen.”
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