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Coffee giants warns of damages caused by climate change

Interoffice memo to coffee enthusiasts: enjoy the bold, dark roast's flavor while you can because the future of the bean is in peril because of threats posed by climate change.

The director of sustainability for global coffee powerhouse Starbucks ( SBUX ) told The Guardian that growers for the coffee purveyor are increasingly noting seeing effects of climate change. Two examples are hurricanes that pack more severity and tougher, more durable bugs that inflict damage on crop production.

"What we are really seeing as a company as we look 10, 20, 30 years down the road - if conditions continue as they are - is a potentially significant risk to our supply chain, which is the Arabica coffee bean," Jim Hanna told the publication.

The high-level official plans to take that message to Capitol Hill in Washington on Friday where he can brief lawmakers at an event hosted by the Union of Concerned Scientists about climate change's effect on coffee. Starbucks is one member of a coalition of businesses that has unsuccessfully prodded Congress to address the issue.

The New York Post reports the coffee purveyor is looking to delve into the juice business after Chief Executive Officer Howard Schultz visited various juice bars and hired one site's manager who will train staff in Seattle.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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