GreenBiz: Starbucks, Green Mountain and McDonald’s Pour on Coffee Efforts
GreenBiz.com recently published a story on how companies with significant coffee interests are responding to the reality of climate change.
Christina DesMarais writes:
“Climate change poses challenges for many industries, but it’s particularly troublesome for the $81 billion global coffee industry, which relies on a fussy plant that likes temperatures to be within a band of about 19 to 25 degrees Celsius…
When you think of the Smuckers brand, jams and jellies probably come to mind, but as of January coffee actually accounted for 47 percent of the J.M. Smucker Company’s sales. Dunkin’ Donuts, Folgers and Millstone are all Smuckers coffee brands…
[T]wo years ago Calvert Investments and a peer sustainable and responsible investment fund, Trillium Asset Management, filed a shareholder resolution with the company, asking it to report to investors on how it would deal with climate risks in the coffee supply chain because at the time very little of the company’s coffee supply was certified to be responsibly sourced…”
You can read the entire article here.