Icahn Enterprises Activist Presentation Deck slide image

Icahn Enterprises Activist Presentation Deck

MCDONALD'S' PEERS ARE PRIORITIZING ANIMAL WELFARE With qualified and independent directors in the boardroom, McDonald's can source from top suppliers and fulfill its promises to stakeholders by joining leading companies like Chipotle at the forefront of the ESG movement "McDonald's is using our size and global reach to improve animal health and welfare in the McDonald's supply chain and ensure we source chicken, eggs, beef and pork from producers who share our commitments" - McDonald's' Website Supplier Tyson Foods Marfrig Global Foods Cranswick New Hope Liuhe Fujian Sunner Dvlpmt. Great Wall Enterprise Cherkizovo Group Nippon Suisan Kaisha CAWS BBFAW Tier Tier 4 Tier 2 Tier 2 Tier 6 Tier 6 FAIRR Risk Rating Animal Overall Overall Welfare Rank /60 Risk Med 10 Medium Med Low High High High High High 5 15 54 60 33 53 36 Low Medium High High High High High MCDONALD'S CHOOSES TO USE "HIGH-RISK” SUPPLIERS ▪ Most of MCD's protein suppliers have a "high risk" rating from FAIRR ▪ At least two suppliers are in the lowest BBFAW Tier ■ Nearly 40% of MCD's suppliers were ranked as one of the top 10 worst performing protein producers according to FAIRR's ranking and supplier provided information CHIPOTLE Chipotle has successfully eliminated the use of gestation crates throughout its global supply chain through genuine industry leadership and progressive policies, including taking pork off the menu when a material supplier failed to comply (NPR) BBFAW Impact Rating C D E E F F Brand Nestle Unilever Chipotle Yum! RBI McDonald's McDonald's has the lowest score possible on the BBFAW Impact Rating, which evaluates how companies demonstrate progress on animal welfare impact BBFAW analyzed welfare improvement across 57 food companies that have been continuously assessed by BBFAW since 2012 ➤ The study found that 72% of the food companies have showed improvement in animal welfare (moving up at least one tier) However, McDonald's was one of only two companies (4%) that showed worsening practices in the 10-year period 25
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