Pension savers call on McDonald's to provide clarity on climate progress

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.”



Share Story:

Recent Stories


A changing DC market
In our latest Pensions Age video interview, Aon DC senior partner and head of DC consulting, Ben Roe, speaks to Laura Blows about the latest changes and challenges within the DC sector

Being retirement ready
Gavin Lewis, Head of UK and Ireland Institutional at BlackRock, talks to Francesca Fabrizi about the BlackRock 2024 UK Read on Retirement report, 'Ready or not. How are we feeling about retirement?’

The role of CDC
In the latest Pensions Age podcast, Laura Blows speaks to TPT Retirement Solutions Chief Client Strategy Officer, Andy O’Regan, about the role of collective DC (CDC) within the UK pensions space
Keeping on track
In the latest Pensions Age podcast, Sophie Smith talks to Pensions Dashboards Programme (PDP) principal, Chris Curry, about the latest pensions dashboards developments, and the work still needed to stay on track

Advertisement Advertisement