Eighteen institutional investors, representing £1.5 trillion in assets under management, have become the founding signatories to the first investor statement on farm animal welfare.
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.
Business Benchmark on Farm Animal Welfare Programme Director, Nicky Amos, commented: “This is the first time that institutional investors have supported a formal public statement on farm animal welfare. It is a clear sign that we farm animal welfare is transitioning from being seen as a niche ethical issue to one that is recognised as an important source of business risk and of opportunity”.
Dr Rory Sullivan, Expert Advisor to the Business Benchmark on Farm Animal Welfare added: “The Business Benchmark has played a catalytic role in changing investors’ views on farm animal welfare. It provides investors with a robust, independent and credible assessment of corporate practice and performance on farm animal welfare, and is presented in a way that enables these to be incorporated into investment models and to underpin engagement programmes.”
The consultation on the proposed BBFAW 2024 Benchmark is now open and will run until 17th July 2024.
26th June 2024The 12th annual Business Benchmark on Farm Animal Welfare (BBFAW) was launched on Thursday 25 April 2024. The Benchmark assesses companies across 50 distinct, objective criteria. As such, it is the most authoritative and comprehensive global account of corporate practice on farm animal welfare.
26th April 2024Today’s publication of the Business Benchmark on Animal Welfare (BBFAW) reveals that most global food giants (95%) acknowledge the importance of animal welfare and are addressing it with policy commitments and clearer governance.
25th April 2024