ESG: Engaging with meat companies

Assets under management of institutional investors invested in supporting sustainable proteins are growing exponentially year on year.

From 2019 to 2020, 88 investors representing $ 13.2 trillion in combined assets were on board FAIRR’s Sustainable Protein Engagement project. Between 2016 and 2017, 40 investors representing $ 1.25 trillion in assets were involved.

“Investors, who have focused on some of the risks in the way we produce animals for food, are now looking at climate impacts as well as health impacts, and are starting to think about what some of the risks are. sustainability even with meat-based meat substitutes, ”Maria Lettini, Executive Director of FAIRR, recently told Funds Europe.

Companies like McDonald’s must act quickly with their net zero promises, she says. “They almost can’t be left behind.”

Following a two-year investor engagement project with six major fast food chains, five brands have now publicly stated that they will set, or have already set, science-based targets to reduce their emissions. These include McDonald’s and Domino’s.

Meanwhile, consumer appetite for vegan alternatives to meat continues to increase. According to the Dutch bank ING, European sales of meat and dairy substitutes increased by almost 10% per year from 2010 to 2020. By 2025, the market in Europe and the United Kingdom is expected to represent 7.5 billion d ‘euros.

© 2021 funds europe

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