Chipotle Mexican Grill (CMG), a prominent restaurant chain, revealed on Wednesday that it has made strategic minority investments in Plantible and CH4 Global. These investments underscore Chipotle's dedication to sustainability and align with its ambitious long-term growth objectives.
Chipotle highlighted that Plantible is a pioneering company in the plant-based food sector, utilizing Lemna, an aquatic plant, to develop a highly functional plant protein. This innovation holds the promise of reshaping the plant-based protein industry with a more sustainable alternative to traditional animal-based proteins.
Additionally, Chipotle has invested in CH4 Global, which concentrates on curbing methane emissions from the global cattle population estimated at 1.5 billion. With the support from Chipotle, CH4 Global aims to expand its innovative Methane Tamer technology, a natural approach designed to reduce the environmental impact of methane emissions.
These investments fall under Chipotle's Cultivate Next initiative, introduced in 2022, which seeks to back companies that share its sustainability ethos.
In financial news, CMG concluded Tuesday's trading session on the New York Stock Exchange at $56.44, marking a 0.32% increase, equivalent to a $0.18 rise.
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