23 July 2020
BMO GLOBAL ASSET MANAGEMENT JOIN THE BBFAW GLOBAL INVESTOR STATEMENT ON FARM ANIMAL WELFARE
BMO Global Asset Management has signed the BBFAW Global Investor Statement on Farm Animal Welfare.
Signatories of the Investor Statement agree on the significance of farm animal welfare as a material investment risk and opportunity and have expectations of food companies to implement effective practices and processes to manage farm animal welfare.
The Investor Statement is now supported by 33 institutional investors representing £2.5 trillion in assets under management
Catherine McCabe, Senior Associate, Responsible Investment commented: “At BMO Global Asset Management, we recognise that consumers have growing concerns about animal welfare, and we believe that food companies demonstrating leadership on farm animal welfare are more likely to attract and retain consumers. We welcome clear and transparent reporting about the steps companies are taking to improve farm animal welfare practices, and we can use the findings of the Business Benchmark on Farm Animal Welfare to hone in on issues which we think companies should address. We seek to drive positive change via in-depth engagement with companies.”
Dr Rory Sullivan, Expert Advisor to BBFAW commented: “Investors have a key role to play in supporting food businesses to ensure food safety and product quality, and to ensure the resilience of their supply chains. Improving standards of farm animal welfare is central to these efforts. We are delighted that BMO Global Asset Management is lending its support to the Global Investor Statement on Farm Animal Welfare."
 The participants are: Aberdeen Standard Investments, ACTIAM, AMP Capital Ethical Leaders Fund, ASR Netherlands, Australian Ethical Investments, Aviva Investors, Bâtirente, BMO Global Asset Management, BNP Paribas Investment Partners, Boston Trust Walden, Brunel Pension Partnership, Castlefield Investment Partners LLP, the Central Finance Board of the Methodist Church, Coller Capital, EdenTree Investment Management, Epworth Investment Management, Ethical Partners Funds Management, Henderson Global Investors, Hermes EOS, Hexavest, Karner Blue Capital, KBI Global Investors, NEI Investments, Rathbone Greenbank Investments, Robeco, Le Regroupement pour la responsabilité sociale des entreprises, Schroders, Simplicity AB, Sonen Capital, The Sustainability Group of Loring, Wolcott & Coolidge Trust, Trillium Asset Management, Triodos Investment Management and USS.
For further information please contact:
Amanda Williams, Director of Communications, Chronos Sustainability (BBFAW Secretariat)
T: 020 8050 5103
More information on the Business Benchmark on Farm Animal Welfare programme can be found at www.bbfaw.com
Notes to Editors
The Business Benchmark on Farm Animal Welfare (BBFAW), the leading global measure of policy commitment, performance, and disclosure on animal welfare in food companies has launched its annual consultation with long-term founding partner, Compassion in World Farming and new supporting partner, FOUR PAWS. The consultation runs until 28 May and has been shared with the 150 companies in the benchmark as well as being publicly available online.24th May 2021
Two consultation webinars were held on the 19th May and offered companies the opportunity to hear more about the proposed changes to the 2021 BBFAW methodology and to submit responses live during the webinar. View the video and presentation if you missed this event and wish to catch upon-demand.20th May 2021
Watch the webinar hosted by Boston Trust Walden and Chronos Sustainability on the North American results of the 9th annual Business Benchmark on Farm Animal Welfare (BBFAW).19th May 2021