Climate Changed
After Taking on Coal and Oil, Climate Investors Target Meat Next
Investors tell food companies to make a bigger effort in tackling climate change
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Investors are starting to give meat suppliers a warning that has already sent ripples through the coal industry: make better progress in tackling climate change or risk being shunned.
The threat of divestments in the livestock sector -- one of the top contributors to global emissions -- is rising as asset managers increase scrutiny on the sustainability and carbon footprint of their holdings. Investors including Legal & General Investment Management have already started to divest from some food companies and said they may offload others that don’t meet certain environmental requirements.