Icahn Enterprises Activist Presentation Deck slide image

Icahn Enterprises Activist Presentation Deck

MCDONALD'S FAILED TO MAKE GOOD ON ITS 10-YEAR PROMISE The Board has impugned its credibility on ESG by failing to deliver on its commitment to eliminate the usage of cruel gestation crates in its supply chain McDonald's CAWS McDon old Me T SOCIAL RESPONSIBILITY REPORT We Are Committed: - To doing what is right - To being a good neighbor and partner in your community To conducting our business with the environment in mind 2002 McDonald's states it plans to explore "sow housing alternatives" M February 13, 2012 McDonald's Takes Action Toward Ending Gestation Stall Use; Humane Society of the United States Supports Effort 2012 McDonald's pledges to eliminate gestation crates from its supply chain by 2022 McDonald's M RANK: #38 SCORE: -8.57% GRADE: F Despite some strides, McDonald's is underperforming In 2015, McDonald's grmined to switch to 100% cage-free eggs by 2025. Today, McDonald's that 33% of its supply is cage free. This is loadable progress. Additionally, McDonald's has a cito wwitch to controlled atmosphere slaughter for chickens in its poultry supply chain by 2024, which is also a positive step However, on other animal welfare seas, the company is dramatically underperforming First, other than the above mentioned slaughter commitment, McDonald's lacks any other policies to meaningfully reform animal welfare in its poultry supply chain. (While McDonald's writes much about the welfare of broiler chickens, its language lacks the specifics needed for the Humane Society of the United States to consider it meaningful. This is why the HSUS created the website La Mol.com) Also troubling is McDonald's recond on the issue of gestation crate confinement. In February 2012, McDonald's to eliminate pig gestation crates from its pork supply chain "McDonald's wants to see the end of so confinement in gestation stalls in our supply chain," said the company. A few months later, McDonald's gifts goal of "ending" gestation crate use, stating that objective would be accomplished. by 2022. It additionally promised that as an interim step," by 2017, McDonald's would source pork only from producers who share its commitment to phase out gestation stalls." However, no major U.S. pork producers have disclosed plans to eliminate gestation crates from their operations While some, like Smithfield Foods, have dramatically reduced their use of gestation crates, the minge confining money in 2017-2021 McDonald's is pressed by stakeholders, including HSUS, on its purported progress but ails to provide meaningful, transparent updates By the end of 2022, the Company expects to source 85% to 90% of its U.S. pork volumes from sows not housed in gestation crates during pregnancy. Despite industry-wide challenges for farmer and producers, such as the COVID-19 pandemic and global swine disease outbreaks, the Company expects 100% of its U.S. pork will come from sows housed in groups during pregnancy by the end of 2024. For more information on McDonald's commitments, please visit our Animal Health & Welfare page. 2022 After failing to meet its 2012 pledge, McDonald's issues false and misleading information regarding the use of gestation crates in its supply chain 18
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