Dine Brands
DIN:US US2544231069
Key Information
HQ:
United States
Market Cap:
$1.3bn
Primary Market:
North America
Company Information
Company Summary
Dine Brands Global Inc, formerly known as DineEquity Inc, and before that IHOP Corp, operates and franchises full service restaurants in the United States and Internationally. Main brands are IHOP International House of Pancakes) and Applebee's Neighbourhood bar and Grill (Applebee's) restaurants.
Antibiotics Stewardship Engagement
Analysis Overview
Scope of Policy Policy Implementation Investor Engagement
Analysis Breakdown
Scope of Policy
11/16
Does the company have a policy on antibiotics stewardship?
Dine Brand's release its new policy in August 2019 and is publicly available online on its website as part of its Broader Animal Welfare Policy.
4/4
Does it cover animal-derived protein sources across all relevant species?
The policy covers chicken and pork only, despite sourcing other species.
2/4
Does it cover animal-derived protein sources across all operations?
Dine Brand's policy is US-only. However, the U.S. represents the single most important market for the company by generating 97% of total revenue.
2/4
How strong is the company's commitment?
The company states that they "are asking our chicken and pork suppliers to begin to prohibit routine use of medically important antibiotics as defined by the World Health Organization (WHO), including prohibiting the use of these antibiotics for disease prevention". Their statement goes beyond FDA compliance.
3/4
Policy Implementation
5/18
Does the policy commit to specific targets or timelines for all species?
The company does not yet have any specific targets or timelines in place for implementation as it is currently in the development and data collection stage with their suppliers and in conjunction with a third-party consultant.
0/5
Does the company disclose quantity of antibiotics used?
The company does not yet disclose data on antibiotics usage, however the company has stated that they are developing the right standards and questions for their suppliers alongside a third-party consultant. No indication on what sort of metrics the company is developing and what level of data the company will publicly report on.
1/7
Does the company commit to and/ or carries out third-party auditing and monitoring?
The company has committed to "annual third-party auditing and are asking our chicken and pork suppliers to track and report to us their antibiotic use for meat supplied to us. Approved 3rd Party Poultry audit standards include approved USDA Processed Verified Programs".
4/6
Investor Engagement
4/4
Did the company respond to investor letter?
Dine Brands responded to the investor letter with clear, insightful answers to all questions. The company met with the investor coalition. However, their responses to questions lacked detail and the meeting was unexpectedly cut short. Their response is available here.
4/4
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Workstream Information
2019 Score:
20/38
Last Updated:
20 May 2019
2019 Resources
Phase 3 | Progress Report Antibiotics Stewardship Engagement