Policy

Investors welcomed the commitment from G7 Finance Ministers to address the threat of AMR in several ways and through a multi-year and multi-stakeholder approach. The investor statement outlines several key asks, including market incentives, policies to address agricultural production, and manufacturing, which also includes addressing impacts on the environment.

Investors representing €2 trillion in assets urged that the European Commission’s proposed reforms to the Common Agricultural Policy (CAP) must be more ambitious and align with the EU’s net-zero commitment. The investor statement outlines four key asks, including a proposal to reduce direct support for high-emitting commodities such as beef and dairy, and supporting affected farmers to transition.

In this investor statement - signed by investors and financial advisers representing over US$3.5 trillion in assets - was sent to the EU Commission to raise concerns over elements of the EU Taxonomy. They urge using science-based criteria to avoid classifying harmful practices as sustainable. They highlight risks of industrial livestock production and advocate for organic farming and animal welfare considerations. The final Taxonomy should not lock the EU into carbon-intensive pathways.

Highlighting the critical need to reduce global GHG emissions from animal agriculture, and seize the opportunities presented by COP26 to foreground protein production and consumption in the climate conversation.