McDonald’s removes ESG abbreviation from website


NEW YORK: McDonald’s Corp quietly removed the term environmental, social and governance (ESG) from some parts of its website at a time when ESG initiatives have been attracting criticism from some conservative policymakers in the United States.

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

Another web page, previously titled “Performance and ESG Reporting,” now shows up as “Goal Performance and 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. — Bloomberg

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Global South should unite in response to Trump's tariff threats on BRICS - Jomo
PNB commits RM4mil for flood relief aid, supporting affected communities
Datasonic bags RM81.38mil contract extensions from Home Ministry
CLMT acquires first modern automated logistics property for RM180mil
RHB, SME Bank, AmBank, Public Bank launch flood relief loan assistance to affected customers
Northport announces leadership appointments, including Fakhrul Azhar as CEO
Ringgit closes lower against US$ as interest in safe havens picks up
Willowglen MSC unit bags RM79.2mil systems contract from Singapore Public Utilities Board
Bursa Malaysia ends marginally higher as plantations stocks lift
Pesona Metro wins RM181.8mil Cyberjaya construction job

Others Also Read