Wendy’s: Protect Essential Farmworkers from COVID-19 and Human Rights Risks by Joining the Fair Food Program

2 members

With the dire consequences of COVID-19 and of systemic racism on our minds, investors are invited to sign the letter below urging Wendy’s to join the Coalition of Immokalee Workers’ Fair Food Program (FFP), and thus meet the standard set by all of Wendy’s major peers.

Collaboration details

During the pandemic, the human rights abuses that frequently arise in agricultural supply chains have disproportionately exposed Brown, Black, and Indigenous farmworkers to a deadly virus without adequate safety protections. These and other abuses present material risks – reputational, compliance, business continuity, human capital management, and supply chain – to the company and its shareholders. These risks are considered to be highly material by a growing number of investors. Earlier this year, 335 institutional investors representing $9.5 trillion in assets under management supported a statement calling on companies to take steps to mitigate the impacts of COVID-19 on all of their stakeholders, including the health and safety of workers. Additionally, the Securities and Exchange Commission (SEC) issued guidance indicating that companies should consider health and safety and impacts on human capital in their COVID-19 related disclosures. This is especially pertinent as companies are facing increasing scrutiny from their own investors on the accuracy and potential misrepresentations in their disclosures.

 

Attachments
  • fair_food_program_investor_letter_to_wendys.pdf Download
Created on
ESG theme
  • Social
ESG sub-theme
  • Modern slavery inc. forced labour
  • Decent work
  • Human rights
Sustainable Development Goal
  • 1 - No poverty
  • 3 - Good health & well-being
  • 5 - Gender equality
  • 8 - Decent work & economic growth
  • 10 - Reduced inequalities
  • 16 - Peace, justice & strong institutions
Geography
  • Global
Asset class
All