Investors Call on 16 Global Food Producers to Divest From Factory Farming
Investors worth trillions of dollars have launched a campaign calling on the world’s 16 largest food companies to begin investing in plant-based protein to combat environmental and health risks associated with animal agriculture.
The Farm Animal Investment Risk and Return (FAIRR) has organized a group of 40 investors in a campaign to raise awareness about the environmental and health risks associated with continuing to support factory farming and the over reliance on animal agriculture. The investors sent a letter to 16 global food producers asking them to acknowledge the risks of industrial farming, specifically animal agriculture, and to invest in plant-based protein sources.
The group of investors collectively manage $1.25 trillion in assets, including the fund arm of insurer Aviva, the fund arm of Norwegian lender Nordea, Boston Common Asset Management, and Impax Asset Management, as well as other charities and ethical investors. The group was organized by FAIRR, an investor initiative focused on raising awareness on the dangers of factory farming.
“Backed by a new briefing entitled ‘The future of food – the investment case for a protein shake up’, produced by the FAIRR Initiative and ShareAction, the investors warn of the risks associated with the growing global demand for protein and an over reliance on the unsustainable factory farming of livestock for its supply,” reads a press release from the group. “The briefing highlights the environmental, social and public health risks inherent in this model, which financial markets are not currently valuing appropriately.”
The companies addressed by the new initiative are General Mills, Mondelez International, Ahold-Delhaize, The Co-operative Group, Costco Wholesale Corporation, Kroger Company, Marks & Spencer, Wm Morrison Supermarkets, Ocado, Sainsbury’s, Whole Foods Market, Kraft Heinz, Nestle, Unilever, Tesco and Walmart.
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