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Consumer Discretionary

Starbucks Corp. (SBUX)

Consumer Discretionary $100.0B market cap

Data as of July 6, 2026

Environment
60.00
People
65.00
Leadership
100.00

Environment story

Available disclosures do not present quantified Scope 1/2/3 emissions data, a renewable-electricity percentage, or a dated net-zero commitment. Filings emphasize climate-related operational risk (coffee-supply volatility, water scarcity, extreme weather) rather than mitigation metrics, and do not evidence physical decarbonization capital projects. This is a descriptive research assessment, not investment advice.

Criticisms on file

  • Risk factor disclosure of clean-water availability constraints for beverage preparation in certain international markets
    Source: SBUX_10k.txt, Risk Factors - Food/Beverage Safety section
  • Acknowledged exposure to climate change effects on coffee-growing regions (droughts, frosts, water availability) without disclosed mitigation targets
    Source: SBUX_10k.txt, Risks Related to Supply Chain / Responsible Business Matters

Disclosed initiatives

  • Responsible sourcing language in 10-K
    Filings reference responsible business initiatives and sustainability-related disclosure obligations (e.g., CSRD, California climate disclosure rules) but do not specify capital projects.

Social story

The CEO-to-median-worker pay ratio (1,794:1) is well above common governance thresholds. The company discloses ongoing union organizing activity, NLRB elections since 2021, collective bargaining for initial contracts, and historical work stoppages tied to union activity. Board-level gender and underrepresented-community composition exceeds 30%. Supply-chain human-rights audit data (e.g., coffee-farm labor conditions) is not disclosed in the reviewed documents. This is a descriptive research assessment, not investment advice.

Criticisms on file

  • NLRB union election activity and collective bargaining disputes across U.S. company-operated stores since September 2021
    Source: SBUX_10k.txt, Risks Related to Human Capital
  • Disclosed work stoppages and operational disruptions caused by union organizing efforts
    Source: SBUX_10k.txt, Risks Related to Human Capital

Disclosed initiatives

  • Green Apron Service model
    Company-wide rollout across U.S. company-operated stores with added staffing, training, and scheduling investment intended to improve partner and customer experience.
    Cited contribution to improved partner engagement scores
  • Partner investment ('Back to Starbucks')
    Increased labor hours, benefits enhancements, and career-growth investment disclosed in MD&A.
    Associated with ~130 bps of operating margin investment in fiscal 2025

Governance story

The board is composed of 11 directors, the substantial majority of whom are designated independent, with the CEO (Brian Niccol) serving in a combined chairman/CEO role. No dual-class share structure is disclosed. Shareholder proposals seeking a majority-vote standard and an independent-chair policy were raised in the 2026 proxy; the board made no recommendation on the former and recommended against the latter. No dollar figures for lobbying expenditures or active antitrust/consumer-fraud proceedings are disclosed in the reviewed documents. This is a descriptive research assessment, not investment advice.

Criticisms on file

  • Shareholder proposal requesting replacement of supermajority voting requirements with majority voting; board issued no recommendation
    Source: SBUX_proxy.txt, Proposal 4
  • Shareholder proposal requesting independent board chair policy (opposed by board; a similar 2025 proposal was opposed by 85% of voting shares)
    Source: SBUX_proxy.txt, Proposal 5

Disclosed initiatives

  • Annual political-contribution review
    Nominating/Governance Committee reviews corporate political contributions and expenditures annually.
  • Enterprise Risk Management program
    Cross-functional Risk Management Committee co-managed by CFO and Chief Legal Officer reports to Audit Committee and full board.

These are Missionomics' own editorial scores — directional signals built from disclosed facts under a published method, not certifications or definitive ratings of Starbucks Corp.. Coverage and confidence vary by data point, and figures can lag real-world changes. Read the full Methodology for sourcing, scoring, and correction details — or open Starbucks Corp. in the app for interactive charts and portfolio building.

Open Starbucks Corp. in Missionomics

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