Investor Letter to Wendy’s

On April 7, 2021, Heartland, along with the Interfaith Center on Corporate Responsibility and investors representing $1 trillion in assets under management, urged Wendy’s to join the Fair Food Program and align with the standards set by its major industry peers. The COVID-19 pandemic has underscored the inadequacy of Wendy’s current approach, as several of its food suppliers have faced widely publicized failures in protecting worker safety. This includes suppliers that Wendy’s recently highlighted as leaders in sustainability. Additionally, reports indicate that Wendy’s food supply chain was disrupted due to the pandemic.

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