19.5 C

McDonald’s is removing ‘ESG’ from parts of its website amid a conservative backlash against ‘woke capitalism’



McDonald’s quietly removed the term “ESG” from some parts of its website at a time when environmental, social and governance initiatives have been attracting criticism from some conservative policymakers in the US.

The fast-food chain’s “Purpose & Impact” website recently removed several mentions of ESG, according to an analysis by Bloomberg News. One web page that was titled “ESG Approach & Progress” is now labeled “Our Approach & Progress.” Most of the other text remains similar.

Another web page, previously titled “Performance & ESG Reporting,” now shows up as “Goal Performance & Reporting.” In some instances, McDonald’s subbed the phrase “environmental and social issues” for the ESG abbreviation.

McDonald’s declined to comment on the changes but affirmed its commitment to reporting annually on its progress on social and environmental goals. The chain released one such update earlier this month.

US companies have faced a backlash against ESG-related shareholder proposals affecting issues like workers’ rights and diversity, which some conservative politicians and policymakers have labeled as “woke capitalism.” The US Supreme Court’s ruling against affirmative action in college admissions has also sparked fierce debate, with corporations now questioning whether they should publicize diversity efforts.

McDonald’s engages with key stakeholder groups on environmental and social issues where it can have the greatest impact “against the backdrop of a continually changing external landscape,” according to the company’s website.

Source link

Subscribe to our magazine

━ more like this

Bosses and employees have wildly different expectations about how much time they can save with AI

Have you ever felt a mismatch between your own expectations and those of your boss? With the proliferation of Generative AI, that mismatch...

The Xreal Beam Pro has good ideas about AR — but not enough juice

There are two possible paths for augmented reality devices. One path is the all-in-one approach, which you might call the smartphone path or...

Third Space’s CEO follows an 80/20 rule for eating out, competes in triathlons at 54-years-old and has made startup investments he regrets

What would you do if you had a six-figure salary? Perhaps you’d never cook another meal again or indulge in a monthly Thai...

Elon Musk is donating $45 million monthly to Trump-supporting PAC 

Tesla CEO Elon Musk donated $45 million to a super political action committee (PAC) dedicated to re-electing former President Donald Trump, a marked...

Agility Robotics’ humanoid robot has its first real job—at a Spanx factory

Digit, the flagship robot at Oregon-based Agility Robotics, raised its hand to wave at the audience at the Fortune Brainstorm Tech in Park...