Castlefield Investment Partners LLP has become the latest institutional investor to sign the Global Investor Statement on Farm Animal Welfare. In total the Statement now has 23 signatories representing approximately £1.83 trillion in assets under management.
The signatories state that they believe that farm animal welfare is potentially material to long-term investment value creation in the food sector. They commit to taking account of farm animal welfare when analysing food companies and to encouraging high standards across the food industry. They also point to the Business Benchmark on Farm Animal Welfare as a framework that can be used by companies and by investors to guide their work on farm animal welfare.
The Business Benchmark on Farm Animal Welfare Programme Director, Nicky Amos, commented: “The fact that 23 institutional investors have now signed the Global Investor Statement on Farm Animal Welfare is further evidence that farm animal welfare is now recognised as an important source of investment risk and opportunity”.
Simon Holman, Partner, Investment Management, Castlefield Investment Partners LLP commented: “Castlefield places a great deal of importance on farm animal welfare. We as investors believe that encouraging company boards to consider such welfare when making business decisions benefits the company, shareholders, society and the environment. This means that implementing progressive policies on animal welfare is both compassionate and financially prudent".
Dr Rory Sullivan, Expert Advisor to the Business Benchmark on Farm Animal Welfare, added: “The importance of investors signing the Global Investor Statement on Farm Animal Welfare should not be underestimated. It signals to companies that this is an important issue for investors, and it challenges other investors to take action on farm animal welfare”.
We are delighted to announce we are holding an in-person launch event for the release of the 2023 Business Benchmark on Farm Animal Welfare (BBFAW).
8th April 2024NN Group, a Dutch financial services company, with a strong presence in several European countries and Japan, has become a member of the BBFAW Global Investor Collaboration on Farm Animal Welfare. As a signatory to the Collaboration, NN Group will participate in an annual engagement to improve animal welfare management practices amongst BBFAW’s 150 global companies.
26th February 2024In March and April 2023, the BBFAW conducted a pilot assessment of 150 companies against the new 2022 benchmark criteria. Instead of the usual public BBFAW report, this briefing paper summarises methodological findings from the BBFAW 2022 pilot benchmark and includes case study examples of company reporting. The briefing also confirms the assessment approach for the BBFAW 2023 assessments, which are scheduled to take place in October to December 2023.
31st July 2023