European asset managers take on McDonald’s over antibiotics

Two of Europe’s largest asset managers will this week try to increase the pressure on McDonald’s to reduce the use of antibiotics in its food supply chain, highlighting what they say is the risk antimicrobial resistance poses to shareholder returns and the wider economy.

Legal & General Investment Management and Amundi are among the institutions backing a resolution at the fast-food chain’s annual meeting on Thursday, which is calling on the US group to “institute a policy that the company comply with World Health Organization guidelines on use of medically important antimicrobials in food-producing animals”.