Australian Ethical Investment has joined a coalition of 40 institutional investors engaging with 16 multinational food companies over concerns of material risks posed by industrial animal production.
The Farm Animal Investment Risk and Return (FAIRR) initiative has sent a letter to General Mills, Kraft Heinz, Mondelez International, Nestlé SA, Unilever, Ahold-Delhaize, The Co-operative Group, Costco Wholesale Corporation, Kroger Company, Marks & Spencer, Wm Morrison Supermarkets, Ocado, Sainsbury’s, Tesco, Walmart, and Whole Foods Market. The letter urges companies to “identify their plans to respond to this risk, in particular by encouraging them to set strategies to diversity into plant-based sources of protein.”
The content you are trying to access is only available to subscribers. There are several options available to you if you want to view this content, from full subscriptions to temporary passes just for this article. Click here for more information.
Latest posts by Rachel Alembakis (see all)
- Video: Responsible Investment Coming of Age – The Highlights - February 23, 2018
- The Fred Hollows Foundation invests in eye care centre social enterprise - February 23, 2018
- Russell Investments to implement new material ESG score methodology - February 23, 2018