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05/01/2009 05:12 am ET Updated May 25, 2011

Historic Shareholder Agreement Reached With McDonald's on Pesticide Use Reduction

McDonald's Corp, the largest purchaser of potatoes in the United States, has agreed to take steps toward reducing pesticide use in its domestic potato supply, shareholder groups said on Tuesday. 2

WASHINGTON, March 31 PRNewswire-USNewswire/ -- Responding to shareholder concerns, McDonald's Corporation has agreed to formally survey and promote best practices in pesticide use reduction within its American potato supply chain. As the largest buyer of potatoes in the U.S., McDonald's commitment will support progress on this important issue, which affects the environment, public health, and farm employees. This agreement led to the withdrawal of a shareholder resolution filed by the Bard College Endowment, Newground Social Investment, and the AFL-CIO Reserve Fund. This was the first shareholder resolution focused on environmental and worker health issues ever to be filed by a college or university endowment. Katherine Burstein said: " The Bard community believes that colleges and universities can leverage their power as investors for positive social change. "Consumers, workers and our environment all suffer from over-use of pesticides," said John Sweeney 1
  1. Historic Shareholder Agreement Reached With McDonald's on Pesticide Use Reduction (PR Newswire)
  2. McDonald's to Take Steps to Cut Potato Pesticides (Reuters)

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