14.9 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

Valve suddenly says SteamVR 2.0 is now in beta — as headset rumors swirl

Greetings! Today we are shipping SteamVR 2.0 in beta. We see this is as the first major step toward our goal of bringing all of what’s...

Jeff Bezos’ Blue Origin spaceflight company gets a veteran Amazon executive as a new CEO amid setbacks and delays

Blue Origin, the closely held spaceflight company founded by Jeff Bezos, is replacing its chief executive officer with veteran Amazon.com executive Dave Limp.  Current...

What is Anthropic? The buzzy AI startup just got up to $4 billion in funding from Amazon as part of a colossal tech alliance

Amazon will invest up to $4 billion in Anthropic, one of the buzzy startups building a generative AI chatbot. With the deal, announced...

The DJI Mini 4 Pro is the first mini with binocular vision in every direction

Now that Skydio has exited the consumer drone business and will never sell me the miniature self-flying drone of my dreams, I’m looking...

Opinion | Political Lawfare May Get ‘Hobbesian’

The District of Columbia Attorney General threatens state sovereignty at the bidding of the left. Source link