ALBANY, N.Y. (AP) -- Dunkin' Donuts has agreed to source its palm oil from sustainable sources.
New York state Comptroller Thomas DiNapoli says Dunkin' Brands Group will set a target date in its next Corporate Social Responsibility report for sourcing 100 percent sustainable palm oil or for purchasing offset certificates covering its sourced palm oil. The Canton, Mass.-based parent company of Dunkin' Donuts and Baskin-Robbins joins a growing number of chains making similar pledges.
Dunkin' Brands says they take the issue seriously and have been engaged with it for some time.
With the move, DiNapoli is withdrawing a shareholder resolution that asked the company to address the social and environmental concerns associated with palm oil production. DiNapoli is the trustee of New York's pension fund, which owns about $1.9 million in Dunkin' Brands stock.