Nestle, Starbucks, Walmart Among Corporations Listed in Business Benchmark on Farm Animal Welfare
Feb 24, 2013 11:50 PM EST
Nestle, Premier Foods, Starbucks and Carrefour are among the large food suppliers that will be named in a landmark "Business Benchmark on Farm Animal Welfare" report to be released on Monday. Especially poor marks are reportedly given to Walmart, Auchan, Mars, and El Corte Ingles, where farm animal welfare is reportedly not part of the management's agenda.
Compassion in World Farming and the World Society for the Protection of Animals are supporters of the study. As the horse meat scandal grows in Europe, consumers and investors are becoming increasingly wary of companies that are not careful about their supply chain.
Like Us on Facebook
Of the 68 largest food retailers, only 46 percent publish an animal welfare policy, 41 percent show board or senior management oversight on the issue, and only 26 percent have formal published guidelines.
At least one of the suppliers, Nestle, has described efforts to improve since the study was carried out last summer. The report is designed to shed light on the issue, and spur more food corporations into action to create a healthier and more transparent food chain.
Not all corporations are in lower tiers; Unilever was in the second tier of the rankings, while McDonald's was in tier three.
No doubt, the report and its findings will factor into investors' and consumers' decisions, and be an impetus for change in the coming years.
The second largest fastfood chain in the world will launch its first stores in India in the coming months. Target locations will be New Delhi, Mumbai and NCR.
Panera Bread Co (PNRA.O) on Tuesday lowered its full-year earnings forecast as it works to speed up service at its popular bakery cafes.
Papa John’s CEO At Funeral – John Schnatter, the founder and CEO of Papa John’s, attended a funeral held in commemoration of Gordon Schaffer’s recent passing on Sat.
The first batch of robots which will be called as Pepper will be assigned on their stations at the end of the year to sell home espresso machines and coffee capsules.
A new study has found that there is such a thing as the brain’s calorie counter, which explains why the brain has a tendency to choose junk food over healthier one, as it’s attempting to fill a quota. The discovery of the brain’s calorie counter explains the body’s need for fatty foods, beyond the fact that these types of meals are cheaper.
Sarepta Therapeutics Inc said the U.S. Food and Drug Administration had asked for additional data on its lead drug, delaying its marketing application by about six months.