Salmon farm­ers lead in­vestors’ eth­i­cal list

Fish Farmer - - News -

TWO Nor­we­gian salmon com­pa­nies have topped an in­vestor group’s new sus­tain­able food pro­duc­ers’ in­dex, which is based on cri­te­ria such as use of an­tibi­otics, an­i­mal wel­fare and food safety, Reuters re­ported.

Ma­rine Harvest and Leroy Seafood Group led the first Coller FAIRR (Farm An­i­mal In­vest­ment Risk amd Re­turn) Pro­tein Pro­ducer in­dex, which was launched last month and mea­sures 60 global in­ten­sive farm­ing com­pa­nies against eight cri­te­ria.

In­vestors are in­creas­ingly judg­ing com­pa­nies ac­cord­ing to eth­i­cal, sus­tain­able and gov­er­nance cri­te­ria, which they say are im­por­tant fac­tors in com­pany per­for­mance, said the re­port.

‘In­vestors need ESG [en­vi­ron­men­tal, so­cial and gov­er­nance] data and trans­parency to make bet­ter in­vest­ment de­ci­sions, yet this in­for­ma­tion is lack­ing in the meat, fish and dairy sec­tor,’ said Jeremy Coller, chief in­vest­ment of­fi­cer of Coller Cap­i­tal.

‘As mega­trends like cli­mate change, an­tibi­otic re­sis­tance and food tech­nol­ogy rad­i­cally re­shape the way we pro­duce and con­sume meat, fish and dairy, the Coller FAIRR in­dex will help in­sti­tu­tional cap­i­tal iden­tify both best in class com­pa­nies and po­ten­tial stranded as­sets in the food sec­tor.’

The FAIRR group is backed by $5.6 tril­lion in in­vest­ment as­sets.

Left: Jeremy Coller

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