Environmental Leader has reported that Starbucks shareholders have voted down an initiative to increase the company's recycling program.
Although 11 percent of shareholders voted in favor of the proposal, Starbucks recommended that shareholders vote down the measure because it already has a recycling program in place.
From the story:
The proposal requested that Starbucks consider a more aggressive recycling strategy and goals for materials consumed in the stores and when they leave their doors, reports Triple Pundit. Starbucks, similar to the bottled water industry, is a target for criticism partly due to its direct contribution to landfills, which is about 3 billion coffee cups per year, according to the Web site.
In other news, the company also has announced it will release second quarter 2010 earnings results after the market close April 21, 2010, with a conference call and webcast to follow at 2 p.m. Pacific Time. The conference call will be broadcast live over the Internet and can be accessed at http://investor.starbucks.com. A replay of the webcast will be available on the company's Web site until May 21, 2010.
