FAIRR’s top news picks
McDonald’s Faces Investor Demands to Lower Antibiotic Use
Economic Times | 23 May 2023
Asset managers, Legal & General Investment Management and Amundi, have teamed up to encourage McDonald’s to reduce the use of antibiotics in its food supply chain. They are supporting a resolution proposed by Shareholder Commons, urging McDonald’s to adhere to WHO’s guidelines on the use of medically important antimicrobials in animals for food production. The investors’ concerns stem from the increasing threat of antimicrobial resistance (AMR), which leads to millions of deaths annually.
Antibiotic Factory Pollution Raises Concerns for Public Health
Financial Times | 24 May 2023
Antibiotic factory pollution, a significant public health risk contributing to antibiotic resistance, has raised concerns among environmental watchdogs, regulators, and pharmaceutical companies. India, a major drug producer, has discovered high levels of antibiotic residue in rivers near industry hubs. Overuse and misuse of antibiotics, as well as agricultural practices, further contribute to resistance remaining a global public health threat, causing millions of deaths annually. FAIRR has two ongoing engagements related to AMR, find out more on our website: Animal Pharmaceuticals engagement and Restaurant Antibiotics.
European Green Laws Face Uphill Battle as Resistance Mounts
Reuters | 25 May 2023
Resistance to new environmental laws in the European Union (EU) is posing a challenge to their green transition plans. The EU is rushing to finalize legislation, including nature restoration targets and a goal to reduce chemical pesticide use by 2030. However, there is growing opposition from lawmakers and member states, with concerns raised by farming groups that further changes require more financial support.
Graph of the Week
Source: CLIMATE WORKS
More Food for Thought
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