Yum! Brands to Eliminate Use of Polystyrene Foam by 2022
A non-profit organization called As You Sow has successfully lobbied for environmentally friendly changes at Yum! Brands (NYSE: YUM). Yum! has committed to fully eliminating the use of expanded polystyrene packaging (commonly referred to by the trademarked brand name Styrofoam) worldwide by 2022, according to a statement released today. The company further commits to make all packaging fully compostable or reusable by 2025.
These As You Sow proposals were presented to Yum! Brands's shareholders earlier in 2019. Although the proposal failed, it garnered significant support, with 33% of shareholders in favor of the move. Undeterred, As You Sow refiled to get the proposal back on an upcoming shareholder ballot. Now, with Yum! Brands' announced commitment, no future vote is needed.
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Source Fool.com
