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SBUX

Starbucks

$93.62 /

+1.02 (+1.10%)

09:20
01/21/20
01/21
09:20
01/21/20
09:20

Starbucks announces 'multi-decade commitment' to be 'resource-positive'

Starbucks CEO Kevin Johnson announced in a public letter a "multi-decade commitment to be a resource-positive company, aspiring to give more than it takes from the planet." The announcement included science-based preliminary targets for the reduction of carbon emissions, water use and waste by 2030, and outlined five strategies the company has identified to move toward them. The company committed to expanding plant-based options, migrating toward a more environmentally friendly menu; Shifting from single use to reusable packaging; Investing in innovative and regenerative agricultural practices, reforestation, forest conservation and water replenishment in Starbucks supply chain; Investing in better ways to manage waste, both in Starbucks stores and in its communities, to ensure more reuse, recycling and elimination of food waste; Innovating to develop more eco-friendly stores, operations, manufacturing and delivery. Johnson also outlined three preliminary targets for 2030 -- a 50% reduction in carbon emissions in Starbucks direct operations and supply chain, 50% of water withdrawal for direct operations and coffee production will be conserved or replenished with a focus on communities and basins with high water risk, and a 50% reduction in waste sent to landfill from stores and manufacturing, driven by a broader shift toward a circular economy. "On Starbucks 50th anniversary in 2021, the company will formalize its 2030 environmental goals based on learnings between now and then," it noted.

  • 28

    Jan

SBUX Starbucks
$93.62 /

+1.02 (+1.10%)

01/09/20
Fly Intel: Top five analyst upgrades
01/09/20 Barclays
Barclays upgrades Starbucks to Overweight, boosts target to $107 from $90
01/09/20 Oppenheimer
Chipotle upgraded to Perform from Underperform at Oppenheimer
01/09/20 Barclays
Starbucks upgraded to Overweight from Equal Weight at Barclays

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