Icahn Enterprises Activist Presentation Deck
MCDONALD'S HAS ULTIMATELY FAILED STAKEHOLDERS ON ESG
McDonald's claims to be a leader on a wide range of ESG issues yet ratings say otherwise
McDonald's is receiving poor scores for the ESG factors that are most important in its industry:
CAWS
Food Quality
& Safety
ESG Products
& Innovation
Climate Impact
& Risk
Labor
Practices
Animal
Welfare
ESG Laggard
D
McDonald's received the lowest score possible on the Good Food Institute (GFI) 2019 Scorecard (GFI)
Average ISS score for relevant ESG products & innovation criteria
D+
C
D+
MSCI rating for McDonald's in product quality and safety (MSCI)
Average ISS score for releva
food quality & safety criteria
ESG Laggard
D
CDP 2021 Climate Change Score (CDP)
Average ISS score for relevant climate risk criteria
MSCI rating for McDonald's in labor management (MSCI)
Average ISS score for relevant labor practices criteria
McDonald's was one of the only companies to fall down a BBFAW tier from 2012-2021 (BBFAW)
HSUS 2020 Food Industry Grade (HSUS)
F
Average ISS score for relevant animal welfare criteria
McDonald's' recent behavior validates our belief that the Board must be held accountable to meet its
prior commitments and provide transparency regarding its business practices.
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