Icahn Enterprises Activist Presentation Deck
SYNTHESIZING OUR ESG PRIORITIES
ASSESSMENT
ESG Theme
Product &
Life Cycle
Impacts
Social
Impact
Human
Capital
Governance
eholders
to external stakehol
CAWS
Importance
Top 15 Most Important ESG Factors for McDonald's' Industry
Food Quality & Safety
ESG Products & Innovation
Supply Chain Mgmt. & Sourcing
GHG Management (Life Cycle)
Ecological Impacts (Life Cycle)
Governance of "ESG"
Labor Practices
Energy & Facility Management
Animal Welfare
Packaging & Food Waste Mgmt.
Nutritional Content
Climate Risk
Business Ethics
Employee Engagement & Dvlpmnt.
Diversity, Equity, & Inclusion
FROM A MATERIALITY
Protein
Governance
Diversification
of ESG /
======
& Product
Ethics
Innovation
Welfare
Food
Grouped into Six Priority Categories
Animal Quality
&
Nutrition
Climate
Impact
&
Strategy
Labor
Practices
(1) Note: Methodology to determine materiality and importance to external stakeholders considers ESG ratings methodologies, frameworks, and standards for McDonald's industry,
including SASB, TCFD, ISS, MSCI, Sustainalytics, and FAIRR. While each input has a distinct methodology, criteria and their weighting was aggregated by ESG factor to show the
overall importance across all inputs to inform which ESG factors are most important for McDonald's.
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