The Cheesecake Factory
CAKE:US US1630721017
Key Information
HQ:
United States
Market Cap:
$1.82bn
Primary Market:
North America
Company Information
Company Summary
The Cheesecake Factory Inc owns and operates 218 full-service, casual-dining restaurants throughout the United States, including Puerto Rico, and Canada, comprised of 201 restaurants under The Cheesecake Factory; 14 restaurants under the Grand Lux Cafe mark; two restaurants under the RockSugar Southeast Asian Kitchen and one restaurant under the Social Monk Asian KitchenTM mark.![The Cheesecake Factory](http://images.ctfassets.net/kc2xclar6nri/1HXIXdFHe9sLrnItwBQIgm/2df3ae97ea89794fcd7c0c726d00fc64/The_Cheesecake_Factory.jpg?fit=scale&w=1320&fm=webp)
Antibiotics Stewardship Engagement
Analysis Overview
Scope of Policy Policy Implementation Investor Engagement
Analysis Breakdown
Scope of Policy
15/16
Does the company have a policy on antibiotics stewardship?
TCF has a policy on antibiotics use available on their website, which sits within their animal welfare pillar as part of their broader Sustainable Sourcing Policy.
4/4
Does it cover animal-derived protein sources across all relevant species?
TCF is working to source antibiotic-free poultry, pork, eggs and beef. Work is also underway to source antibiotic-free dairy. For seafood, the company is working towards reducing antibiotic usage per the Monterey Bay Aquarium's Seafood Watch program guidelines.
4/4
Does it cover animal-derived protein sources across all operations?
In their July 2018 Animal Welfare update, TCF stated that their commitments apply to all their company-owned and operated restaurants, as well as to any future concepts or businesses acquired and operated by TCF. This therefore includes the company's growing international footprint resulting from three licensing agreements for the Middle East, Latin America and Asia.
3/4
How strong is the company's commitment?
In their July 2018 Animal Welfare update, TCF stated that they "are asking suppliers to provide a wholesome, holistic, and high-quality diet, free from hormones, growth promoters, and antibiotics. Additionally, we detail food and water withdrawal periods before loading, transport, and slaughter. While there are varying antibiotic standards, we ask that our suppliers adopt a no antibiotics ever program (NAE), whereby any animals receiving antibiotics will not enter our supply chain. It is important to note that we will never ask or support a producer withholding appropriate veterinary care from a sick or injured animal".
4/4
Policy Implementation
14/18
Does the policy commit to specific targets or timelines for all species?
TCF is planning to accomplish their sustainable sourcing goals by 2025, which includes their supply chain transition to antibiotic-free across all relevant sourced species.
5/5
Does the company disclose quantity of antibiotics used?
In their July 2018 Animal Welfare update, TCF reported that "at present approximately 3-5% of our pigs are no antibiotics ever (NAE) by volume". The company does not yet report for other species. However, it has stated that it will report for dairy cows, beef cattle, broiler chickens, and laying hens once the data collection period has been completed, which for most of the species was end of September 2018.
3/7
Does the company commit to and/ or carries out third-party auditing and monitoring?
TCF's animal welfare supplier evaluation and compliance monitoring process currently involves annual supplier reporting and internal auditing. Antibiotics use is one of their animal welfare pillars and is included in their verification process. TCF has confirmed that the company is planning to ensure all guidelines and practices are verified by third-party auditors.
6/6
Investor Engagement
3/4
Did the company respond to investor letter?
TCF shared their updated policy with FAIRR in their response to the investor letter. The company declined to meet with FAIRR. Their response is available here.
3/4
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Workstream Information
2019 Score:
32/38
Last Updated:
20 May 2019
2019 Resources
Phase 3 | Progress Report Antibiotics Stewardship Engagement