26 February 2019
MIND THE PERFORMANCE GAP:
THE DISCONNECT BETWEEN CORPORATE POLICIES AND PERFORMANCE ON FARM ANIMAL WELFARE
BBFAW recognises Coop Group (Switzerland), Cranswick, Marks & Spencer, Noble Foods and Waitrose as global leaders on farm animal welfare.
Launched today, the seventh annual Business Benchmark on Farm Animal Welfare, backed by Compassion in World Farming and World Animal Protection, confirms Coop Group (Switzerland), Cranswick, Marks & Spencer, Noble Foods and Waitrose as global leaders on farm animal welfare. However, while many of the 150 companies covered by the Benchmark, have now adopted farm animal welfare policies and implemented farm animal management systems, the majority provide little or no information on their farm animal welfare performance.
Commenting on the overall findings, Nicky Amos, Executive Director of BBFAW noted: “Company practice continues to show consistent year on year improvement. For example, 53% of companies now have explicit board or senior management oversight of farm animal welfare and 71% have published formal improvement objectives for farm animal welfare. However, these encouraging findings on management processes are not matched by performance; for example, while just over half of companies report on the proportion of animals that are free from close confinement, only one in four companies covered by the Benchmark provides any information on the proportion of animals that are stunned prior to slaughter and only one in five companies reports on the live animal transport times.”
Dr Rory Sullivan, Expert Advisor to BBFAW noted: “Investors need to have confidence that companies are delivering the outcomes that they aspire to, in terms of improved farm animal welfare and in terms of better business risk management. The Benchmark exposes the gap between policies and performance, highlighting those companies whose governance processes work effectively and those whose governance processes are not fit for purpose in a world where farm animal welfare is an increasingly important driver of business value.”
Philip Lymbery, CEO at Compassion in World Farming commented: “The Benchmark and the investors supporting it have played a key role in keeping farm animal welfare firmly on the corporate agenda. As this year’s report shows, we need to ensure that this attention delivers real and concrete benefits for animals farmed for food.”
Steve McIvor, CEO World Animal Protection commented: “The Benchmark is a long-term change initiative. One of the most significant findings in this year’s report is that, of the 55 food companies that have been continuously included in the Benchmark since 2012, 17 (31%) have moved up one Tier, 20 (36%) have moved up two Tiers and 8 (15%) have moved up three Tiers. These improvements are even more striking given the tightening of the Benchmark criteria and the increased emphasis on performance reporting and impact over this time.”
Simplicity, the Swedish investment manager, has become the latest investor to join the BBFAW Global Investor Collaboration on Farm Animal Welfare.8th May 2019
ACTIAM and KBI Global Investors have become the latest investors to join the BBFAW Global Investor Collaboration on Farm Animal Welfare.1st May 2019
Brunel Pension Partnership has joined the BBFAW Global Investor Collaboration on Farm Animal Welfare.15th April 2019