Starbucks Corp. SBUX,
said on Monday that by 2030 it would halve water use in its supply chain by taking various steps, including the purchase of 600 “eco-mills” that reduced water consumption by 80% in places like Guatemala and Mexico where it was installed. ; and improvements to water processing machinery and technology he already owns. By 2030, the chain also wants to reach its target for carbon-neutral green coffee by 2030. Starbucks will equip farmers with tools that will reduce fertilizer use; promotes varieties that are climate-resistant and rust-resistant, which can grow more coffee on the same amount of soil; and promote and restore forests affected by coffee farming, from Peru and Colombia. Starbucks shares have risen 85.9% in the past year, surpassing the S&P 500 index SPX,
which increased by 70.6% over the period.
