Stockholm, Sweden, February 4, 2019 – Blue, a global Stockholm-based investment catalyst for innovations that can solve some of the top challenges facing our planet, today praised a call for action from a coalition of investment firms urging fast food giants to urgently tackle climate and water risks within their supply chains.
The coalition, with over US$6.5trn in assets under management, said food-to-go chains such as McDonald’s, Wendy’s and KFC should publish detailed plans on how they plan to mitigate environmental risks by reducing greenhouse gas emissions in their supply chains and publicly disclose sustainability progress.
“It is refreshing to see investors taking a leading, pro-active role when it comes to improving the environmental footprint of the companies using their money for growth,” said Anders Jacobson, CEO and co-founder of Blue.
Since its inception in 2017, Since 2017, Blue has invested in impactful businesses around the world, in Sweden, USA, Europe, Africa and South America, including building its wholly-owned Bluewater, a world leading water purification technologies and solutions provider.
Other investments in the Blue portfolio include Climeon, which harnesses clean-tech technology to leverage the energy in waste heat from industries and low-temperature geothermal heat to generate electricity, Baseload Capital, which Blue co-founded, supporting and operating heat power plants globally, and iDrop Water, a Cape Town-based for profit, mission-driven company established to bring safe drinking water to everyone, everywhere by answering this question.
“From harnessing the sustainable power of geothermal and the sun to providing access to clean water to people everywhere without the need for single-use plastics, Blue believes future-oriented investors must increasingly play a leadership role in driving sustainable environmental practices to help bring back a healthy planet by supporting and investing in innovative entrepreneurship,” said Anders Jacobson.
Key call-to-action facts about the initiative convened by non-profit Ceres and Coller Capital’s FAIRR
- USD $6.5 trillion investor coalition challenges fast food giants to set tough targets to reduce the greenhouse gas emissions and water usage of their meat and dairy suppliers
- Companies in the spotlight manage over 120,000 restaurants worldwide and include McDonald’s, Domino’s, and the owners of Burger King and KFC
- Over 80 investors, including BMO Global Asset Management, Aviva Investors and Aegon Asset Management, join engagement, which warns that “animal agriculture is one of the world’s highest-emitting sectors without a low-carbon plan"
For more information, please contact David Noble, Blue PR & Communications Director, at firstname.lastname@example.org or +44 7785 302 694.