Prompted by shareholder concerns, McDonald's Corp. has agreed to formally survey and promote best management practices for pesticide-use reduction within its American potato supply chain.
McDonald's is the larger buyer of potatoes in the United States.
The agreement led to the withdrawal of a shareholder resolution filed by the Bard College Endowment, Newground Social Investment and the AFL-CIO Reserve Fund. It was the first shareholder resolution focused on environmental and worker health issues ever to be filed by a college or university endowment, according to a news release from the Falls Church, Va.-based Investor Enviornmental Health Network.
Through the agreement, McDonald's has committed to:
(1) survey its current U.S. potato suppliers;
(2) compile a list of best management practices for pesticide reduction that will be recommended to the company's global suppliers and
(3) communicate findings related to best management practices to shareholders and in the company's annual corporate social responsibility report.
The agreement was developed in collaboration between shareholders and McDonald's, with support from the Investor Environmental Health Network.