Index Overview


The Coller FAIRR Protein Producer Index is designed to help investors build a deeper understanding of the risks and opportunities in global protein production systems. We have consulted over 40 stakeholders, including issue experts, investors and company representatives, to build the Index’s methodology.

The scope of the Index focuses on listed companies involved in breeding, processing, distributing and selling meat, dairy or aquaculture products. These were identified using the Bloomberg Industry Classification System (BICS).

The final 60 index companies were chosen based on their market capitalisation and whether they had significant material exposure to the five main animal protein companies. All listed companies in excess of $450 million and Shanghai listed companies with market capitalisation in excess of $750 million were chosen.

The 60 Index constituents have a combined market capitalisation of $324 billion as of 31 May 2019.

Nearly 86% of their $319 billion worth of revenues are derived from producing and processing intensively farmed livestock and fish.

As some of the largest protein suppliers globally and regionally, these companies play a significant role in meeting – and building – global consumer demand for animal proteins. Nearly half (47%) of companies in the Index are based in Asia, including 14 companies located in China.

The 60 companies have material exposure to five main animal protein categories: beef, dairy, pork, poultry and eggs, and farmed fish.


Companies with poultry supply chains have largest representation of the total revenues, indicating growing popularity of poultry.

Assessment and Scoring

The 2019 Index assesses companies on nine risk and opportunity factors and 30 indicators.

FAIRR conducted company assessments using publicly available information, including annual and sustainability reports, company websites and (where available) CDP disclosures.

The final company rankings are based on two individual scores:

Risk Factor Score: A simple average of scores across the eight individual risk factors (GHGs; deforestation and biodiversity; water scarcity; water pollution; antibiotics; animal welfare; working conditions; food safety).

Opportunity Factor Score: This captures the company’s performance on the opportunity factor of ‘sustainable proteins’. The Risk + Opportunity score over-weights the Opportunity Factor Score in relation to the Risk Factor Score. This is because growing exposure to alternative non-animal proteins automatically reduces the company’s exposure to these risks.

Assessment categories

Based on final company scores, companies are assessed in one of the following categories:


For a full discussion on company selection and methodology, download the 2019 Report.

All Index companies were invited to give their feedback on the methodology and to self-report according to the methodology via an online questionnaire. We shared assessments with all Index companies, giving them an opportunity to provide feedback.


The methodology and all information used by The Coller FAIRR Protein Producer Index relies on public information disclosed by companies on their websites and other platforms. FAIRR uses that public information in its assessments to produce a transparent benchmark as a public good. The methodology is grounded in international and industry-specific standards and in the expectations of investors who are members of the FAIRR Initiative. It focuses on companies’ levels of disclosure, policies, practices and performance across nine risk factors. Please contact us if you would like to offer comments.

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This report provides investors with insights to the risks associated with the intensive livestock farming industry, and assess companies engaged in livestock farming
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