<SEC-DOCUMENT>0001214659-19-000953.txt : 20190211
<SEC-HEADER>0001214659-19-000953.hdr.sgml : 20190211
<ACCEPTANCE-DATETIME>20190208194025
ACCESSION NUMBER:		0001214659-19-000953
CONFORMED SUBMISSION TYPE:	PX14A6G
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20190211
DATE AS OF CHANGE:		20190208
EFFECTIVENESS DATE:		20190211

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			STARBUCKS CORP
		CENTRAL INDEX KEY:			0000829224
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-EATING & DRINKING PLACES [5810]
		IRS NUMBER:				911325671
		STATE OF INCORPORATION:			WA
		FISCAL YEAR END:			0929

	FILING VALUES:
		FORM TYPE:		PX14A6G
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-20322
		FILM NUMBER:		19581535

	BUSINESS ADDRESS:	
		STREET 1:		P O BOX 34067
		CITY:			SEATTLE
		STATE:			WA
		ZIP:			98124-1067
		BUSINESS PHONE:		2064471575

	MAIL ADDRESS:	
		STREET 1:		2401 UTAH AVENUE SOUTH
		CITY:			SEATTLE
		STATE:			WA
		ZIP:			98134

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AS YOU SOW
		CENTRAL INDEX KEY:			0001086462
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		PX14A6G

	BUSINESS ADDRESS:	
		STREET 1:		1611 TELEGRAPH AVE.
		STREET 2:		SUITE 1450
		CITY:			OAKLAND
		STATE:			CA
		ZIP:			94612
		BUSINESS PHONE:		510-735-8155

	MAIL ADDRESS:	
		STREET 1:		1611 TELEGRAPH AVE.
		STREET 2:		SUITE 1450
		CITY:			OAKLAND
		STATE:			CA
		ZIP:			94612
</SEC-HEADER>
<DOCUMENT>
<TYPE>PX14A6G
<SEQUENCE>1
<FILENAME>g28190px14a6g.htm
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<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 18pt Times New Roman; margin: 0pt 0; text-align: center"><B>PROXY MEMO</B></P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">Notice of Exempt Solicitation Pursuant to Rule 14a-103<BR>
Name of the Registrant: Starbucks Corporation<BR>
Name of persons relying on exemption:&nbsp;<I>As You Sow</I><BR>
Address of persons relying on exemption: 1611 Telegraph Ave., Suite 1450, Oakland, CA 94612</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">Written materials are submitted pursuant to Rule 14a-6(g)(1) promulgated under
the Securities Exchange Act of 1934.&nbsp;Submission is not required of this filer under the terms of the Rule, but is made voluntarily
in the interest of public disclosure and consideration of these important issues.</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0"><B><I>As You Sow</I> calls on Starbucks Corporation shareholders to vote FOR
Item #5 at Starbucks Corporation&rsquo;s Annual Meeting on March 20, 2019.</B></P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0"><I>For questions, please contact Conrad MacKerron, As You Sow, mack@asyousow.org</I></P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0; text-align: center"><B>Shareholder Proposal to Starbucks Corp.
Report on Sustainable Packaging Strategy</B></P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0"><B>The Proposal</B></P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">The proposal asks the company to report on reducing environmental impact by
stepping up activity on leadership actions such as global cup recycling and reinvigorating its failed reusables goal, and putting
recycled content in its plastic cups. It also asks the company to study the impact of doing business in areas lacking recycling
and waste management capacity, and to provide specific data about how many cups are actually recycled.</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0"><B>Rationale for a &ldquo;Yes&rdquo; vote</B></P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>Starbucks&rsquo; use of plastic cups is growing rapidly. The company says half of its beverages served are now cold drinks,
typically served in plastic cups, up from 37% just five years ago. Its plastic cups have no recycled content.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>Concerns over plastic pollution of land and water have risen dramatically in the last two years as studies estimate that 8
million tons of plastic ending up in oceans annually. This has led some governments to ban some plastic straws and plastic takeout
packaging.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>Last year, Starbucks took positive actions in two areas of concern on plastic pollution: cup recycling and plastic straws,
as a result of an As You Sow proposal. This year&rsquo;s proposal deals with two other important issues it did not act on: boosting
reusable container use and expanding recycling commitments to rapidly growing markets in Asia.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>The company failed to attain a high-profile 2015 commitment to serve 25% of beverages in reusable cups as concerns have grown
over single use packaging waste. Only 1.4% of beverages are served in reusable mugs or glasses, and no credible revised effort
has been set since failure to meet the original goal.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>Starbucks&rsquo; packaging sustainability commitments are outdated, applying only to North American and some European markets.
The company is prioritizing major growth in Asia, opening a new store every 15 hours in China, a leading source of plastic waste,
but has no commitments to recycle or compost cups in Asia. The company <B>lags corporate peers</B> like McDonald&rsquo;s on packaging
recycling, which has pledged to recycle on-site packaging at all locations globally by 2025.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>Not taking action could result in backlash from an ecologically aware customer base. Shareholders would benefit from a report
outlining an aggressive plan to reinstate and achieve Starbucks&rsquo; original reuse goals, and to expand cup recycling globally.
Senior management should prioritize this effort and motivate employees to implement it.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0"><B>Why this is important: The Plastic Pollution Threat</B></P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">Plastic pollution on land and water has risen in prominence dramatically as
an environmental issue in the last two years as new studies showed far higher rates of plastic ending up in oceans than previously
believed. In December 2017, nearly 200 countries <FONT STYLE="background-color: white">at a United Nations Environment Assembly
in Nairobi&nbsp;pledged&nbsp;to eliminate plastic pollution in the world&rsquo;s oceans.</FONT> Erik Solheim, UN undersecretary-general,
called the issue &ldquo;an ocean Armageddon.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0"><FONT STYLE="color: black">A 2015 study published in the journal <I>Science</I>
concluded the oceans are loading with plastics far faster than previously thought, with 8 million tons&mdash;</FONT>equivalent
to one garbage truck every minute<FONT STYLE="color: black">&mdash;being added annually. At that rate, without significant mitigation,
<B>by 2050 plastic could exceed fish by weight.</B> A recent Ocean Conservancy report concludes that poorly designed waste management
systems, not just beach litter, sewage, or blowing plastic, contribute substantially to ocean plastic, particularly in developing
markets.<SUP>1</SUP></FONT> The U.S. Environmental Protection Agency says degraded plastics in ocean gyres pose threats to marine
animals,<FONT STYLE="color: black"><SUP>2</SUP></FONT> and potentially to human health.<FONT STYLE="color: black"><SUP>3</SUP></FONT></P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">An assessment of marine debris by the Global Environment Facility of the UN
Environment Program concluded that an underlying cause of debris entering oceans is unsustainable production and consumption patterns
including <B>&quot;design and marketing of products internationally without appropriate regard to their environmental fate or ability
to be recycled in the locations where sold...</B><SUP>4</SUP></P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">_____________________________</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0"><SUP>1</SUP> Ocean Conservancy, 2015, Stemming the Tide: Land based strategies
for a plastic-free ocean, http://www.oceanconservancy.org/our-work/marine-debris/mckinsey-report-files/full-report-stemming-the.pdf</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0"><SUP>2</SUP> http://water.epa.gov/type/oceb/marinedebris/md_impacts.cfm</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0"><SUP>3</SUP> http://www.epa.gov/region9/marine-debris/faq.html</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman"><SUP>4</SUP></FONT> <FONT STYLE="color: black">Scientific
and Technical Advisory Panel, <I>Marine Debris as a Global Environmental Problem: Introducing a solutions based framework focused
on plastic</I>, November 2011, p.3.</FONT></P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">http://www.thegef.org/gef/sites/thegef.org/files/publication/STAP%20MarineDebris%20-%20website.pdf</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

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<P STYLE="margin: 0"><IMG SRC="asyousowlogo.jpg" ALT=""></P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">A UN Environment report estimates the environmental cost of plastic use in
the consumer goods sector at $75 billion annually, including $13 billion in damage to marine ecosystems. Hundreds of advocacy groups
launched a global Break Free from Plastic campaign to address plastic single use packaging. Last year, a coalition of groups presented
a petition to Starbucks management with nearly 1 million signatures <FONT STYLE="color: black; background-color: white">asking
the company to take responsibility for its contribution to the global plastic pollution crisis. </FONT><FONT STYLE="color: #0A0A0A; background-color: #FEFEFE">The
EU recently agreed to </FONT><FONT STYLE="background-color: #FEFEFE">ban several types of single use plastics<FONT STYLE="color: #0A0A0A">,
include straws, plates and cutlery. </FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0"><B>GHG, energy impact of rising plastic cup use</B></P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">The company&rsquo;s plastic footprint continues to grow at the same time as
governments and many stakeholders are calling for bans on single use plastics. The company says half of its beverages are now cold
drinks, with the vast majority presumably served in single use plastic cups. Cold drinks have risen from 37% to 50% of its business
in the last five years. Unlike its paper cups which have 10% recycled paper, its polypropylene (PP) plastic cups have zero recycled
content. Bottled water brands such as Nestle Waters use up to 50% recycled PET content. Starbucks&rsquo; Ethos&reg; bottled water
brand contains zero recycled content. It touts its greener stores for employing energy saving measures, but is wasting energy by
not using recycled plastic content. A recent study by the Association for Plastics Recyclers found that <FONT STYLE="background-color: white">using
recycled plastic reduces greenhouse gas emissions by 67% for PET and 71% for PP, and cuts energy consumption 79% for PET and 88%
for PP.</FONT></P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0"><B>Reusable Beverage Container Commitment</B></P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0"><B>Cup reuse commitment:</B> <FONT STYLE="background-color: white">The company
has stated that f</FONT>rom its customers&rsquo; standpoint, the waste generated by its single use coffee cups is its No. 1 environmental
liability. To address this challenge, in 2008 Starbucks pledged that by 2015, 25% of beverages would be served in reusable containers
in all owned and operated stores (about 8000). Achieving such a reduction could significantly reduce the company&rsquo;s plastic
pollution footprint, reducing the number of single use cups needed by billions per year. It held a series of high-profile cup summits
and hired MIT systems expert Peter Senge to advise it. In pursuing the 25% reusables goal, the company had the opportunity to motivate
customers to bring in their own reusable coffee mugs, and employees to promote reusables for both &ldquo;to go&rdquo; and &ldquo;for
here&rdquo; customers. The company pledged it would be &ldquo;re-establishing glassware or ceramic mugs as our <B><I>global standard</I></B>
for our customers who enjoy their beverages in our stores.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0"><B>Reusables results: </B>During the seven year period of the commitment (2008-2015),
the company did not make substantial progress on the reusables goal. By 2011, the company quietly slashed the goal by 80% from
25% to 5% of beverages served. Even then, it was unable to get even half way towards that greatly weakened goal. After nine years,
just 1.4% of beverages were served in reusable cups.</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0"><B>Management appears to have abandoned efforts to train and motivate employees.
</B>We monitored the company&rsquo;s actions with dismay for years as it failed to adequately promote reusables. Despite pledging
to promote reusable cups for both take out and on-site consumption, employees do not routinely offer reusable ceramic mugs and
glass tumblers to customers dining on-site, nor is signage commonly provided to promote the availability of reusables. The company
even stopped counting how many customers used ceramic or glass containers on site, which as noted above was to be the &ldquo;global
standard&rdquo; for its customers, instead counting only &ldquo;personal tumblers&rdquo; brought in by customers in its tally.</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">Since the 2015 deadline, the company has offered an unacceptably weak alternative
of &ldquo;doubling&rdquo; the reusables goal to 2.8% over the next five years. As You Sow supported Starbucks for its bold commitment,
and urged competitors to match it. We waited patiently for seven years for the company to achieve its goals. Now four years after
failing to get to even 2% of beverages served in reusables, management says only that it will continue to work on this issue but
has not demonstrated how it will make significant progress. <B>Fixing this problem is essential to reducing the company&rsquo;s
environmental footprint. Success could result in billions fewer plastic cups being used by the company annually.</B> Vague assertions
that it will keep trying will not advance this challenging issue. The company needs to develop a transparent, aggressive, focused
strategy to promote reusables, and must devote sufficient corporate resources to achieve it.</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0; background-color: white"><B>Global Recycling Commitment Needed</B></P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0; background-color: white"><FONT STYLE="color: black"><B>Explosive growth, lagging
stewardship:</B> Starbucks recycling commitments are no longer industry-leading. While the company operates in 75 countries, the
reusability and recycling goals discussed above apply only to North America and a few parts of Western Europe, while the company
pursues explosive growth in Asia<B>. Starbucks already operates more than 3,000 stores in China and plans to add 3,000 by 2021</B>.
According to CNBC, it is opening a new store in China </FONT>every 15 hours<FONT STYLE="color: black">. China has been cited in
scientific studies as the leading source of plastic waste into waterways, the source of 28% of total plastic deposition.<FONT STYLE="font-family: Times New Roman; font-size: 10pt"><SUP>5</SUP></FONT>
There have been no public commitments by Starbucks regarding cup recycling in stores in Asia. Lack of such policies could lead
to significant backlash by its environmentally aware customer base.</FONT></P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0"><B>New challenges:</B> While these challenges remain unresolved, new problems
have emerged. In 2015, a CBC-TV Marketplace undercover&nbsp;<FONT STYLE="color: blue"><U>investigation</U></FONT>&nbsp;found that
significant numbers of cups placed in recycling bins at stores still&nbsp;<FONT STYLE="color: blue"><U>ended up</U></FONT>&nbsp;in
the trash. The company said it would audit all Canadian and U.S. stores and get to the bottom of it. More than three years later,
no audit results have been released. <FONT STYLE="color: black">Further, t</FONT>he company has not acted on several related packaging
sustainability issues we brought to its attention with a shareholder proposal back in 2011:</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>No recycled content in its Ethos&reg; brand PET plastic water bottles.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>No actions taken to encourage recycling of millions of paper cups provided to other quick service brands via its Seattle&rsquo;s
Best Coffee subsidiary used at 30,000 fast food locations.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>No recovery goals for plastic, glass, and metal containers of Starbucks fast-growing ready-to-drink beverages sold in grocery
and convenience stores.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0"><B>Starbucks lags peers </B></P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">In regards to on-site recycling, the company was recently bested by McDonald&rsquo;s
Corp., another direct retail premium coffee competitor with its growing McCaf&eacute; coffee house style locations, with an industry-leading
commitment to recycle all on-site packaging at 37,000 locations globally by 2025. As noted above, Starbucks has 3300 locations
in China alone with no recycling program. It has made no specific commitment to recycle cups in stores outside of North America
and some parts of Western Europe.</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0"><FONT STYLE="color: #0A0A0A; background-color: #FEFEFE">70 large brands including
Coca-Cola, Colgate-Palmolive, Nestle, PepsiCo, and Unilever, signed a </FONT><FONT STYLE="background-color: #FEFEFE">Global Commitment
<FONT STYLE="color: #0A0A0A">last fall convened by the Ellen MacArthur Foundation&rsquo;s New Plastics Economy project to make
all plastic packaging recyclable, eliminate &ldquo;problematic or unnecessary&rdquo; plastic packaging, increase recycled content,
and move away from single use to reuse models where relevant, all by 2025. <B>Starbucks was not a signatory.</B></FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">_____________________________</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0 0pt 12pt; text-indent: -12pt"><SUP>5</SUP> <FONT STYLE="color: black">J.R.
Jambeck, et al., &ldquo;Plastic waste inputs from land into the ocean,&rdquo; </FONT>Science 13 February 2015<FONT STYLE="color: black">.</FONT></P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0"><IMG SRC="asyousowlogo.jpg" ALT=""></P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0"><B>Company Statement in opposition</B></P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">The company does not directly address the two key issues raised by our proposal
in its statement. It does not acknowledge the failure of its signature initiative discussed in detail above to serve 25% of beverages
in reusable containers by 2015. There is no mention that the 25% goal was slashed by 80% to 5% in 2011. It says it will &ldquo;double
the reusability&rdquo; of packaging by 2022, but does not explain that this means only a tiny increase from 1.4% to 2.8%. The company
says it wants to press ahead towards these goals but won&rsquo;t say how. There is no explanation of lessons learned from 10 years
of trying to increase reusables, and whether in the future employees will actually be trained or incentivized to reach even this
disappointingly weak goal. Given the scale of failure of its reusability goal, management needs to set a far higher, more substantive
goals and assure investors it has a strong, scalable plan for how to achieve this environmentally crucial goal.</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">The company does not directly address our second concern, the lack of global
recycling policies. In a discussion of its Greener Stores initiative, it states that it aspires to someday operate 10,000 Greener
Stores globally that will deliver high standards of environmental performance including waste diversion&hellip;&rdquo; This statement
involves no specific time line, no reference to a particular country or region, and perhaps most disappointingly, refers to &ldquo;diversion&rdquo;
rather than recycling. <FONT STYLE="color: black; background-color: #FCFCFC">Use of the term diversion suggests a giant loophole
that some of these materials will be not be recycled but rather diverted to incineration or waste-to-energy processes. We believe
recycling should be identified clearly as a priority policy for post-consumer packaging. Waste-to-energy processes are not recycling
and not part of a circular economy approach. Moving from recycling to diversion would be a significant step back from its existing
commitment to recycle all cups from North American stores.</FONT></P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0"><B>Conclusion</B></P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman; margin-top: 0pt; margin-bottom: 0pt; background-color: white"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; color: black">&middot;</FONT></TD><TD>Shareholder proponents are not convinced the company is delegating sufficient resources and priority to make good on its previous
high-profile, signature commitment to serve a high volume of beverages in reusable containers to reduce its plastic pollution footprint.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>Plastic use at Starbucks is on the rise, yet no paper or plastic cup recycling is provided in China, where it is opening a
store every 15 hours. Asia is already inundated with plastic waste, but the company has no timetable or specific plan to provide
recycling or composting services at stores in Asia.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>Shareholders would benefit from management discussion of how the company intends to avoid criticism and potential erosion of
an environmentally aware customer base without a detailed plan to achieve high reusable container goals, and to provide recycling
in developing markets.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>


<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

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