Castlefield Investment Partners LLP has become the latest institutional investor to sign the Global Investor Statement on Farm Animal Welfare. In total the Statement now has 23 signatories representing approximately £1.83 trillion in assets under management.
The signatories state that they believe that farm animal welfare is potentially material to long-term investment value creation in the food sector. They commit to taking account of farm animal welfare when analysing food companies and to encouraging high standards across the food industry. They also point to the Business Benchmark on Farm Animal Welfare as a framework that can be used by companies and by investors to guide their work on farm animal welfare.
The Business Benchmark on Farm Animal Welfare Programme Director, Nicky Amos, commented: “The fact that 23 institutional investors have now signed the Global Investor Statement on Farm Animal Welfare is further evidence that farm animal welfare is now recognised as an important source of investment risk and opportunity”.
Simon Holman, Partner, Investment Management, Castlefield Investment Partners LLP commented: “Castlefield places a great deal of importance on farm animal welfare. We as investors believe that encouraging company boards to consider such welfare when making business decisions benefits the company, shareholders, society and the environment. This means that implementing progressive policies on animal welfare is both compassionate and financially prudent".
Dr Rory Sullivan, Expert Advisor to the Business Benchmark on Farm Animal Welfare, added: “The importance of investors signing the Global Investor Statement on Farm Animal Welfare should not be underestimated. It signals to companies that this is an important issue for investors, and it challenges other investors to take action on farm animal welfare”.
Thank you to all stakeholders who participated in shaping the Benchmark for the future.16th July 2018
BBFAW Annual Consultation Is Now Open The BBFAW invites investors, food companies, industry bodies, NGOs, academics and other stakeholders to participate in the 2018 Consultation.13th June 2018
Candriam and Karner Blue Capital have become the latest investors to join the BBFAW Global Investor Collaboration on Farm Animal Welfare. The initiative, the first global collaborative investor initiative on farm animal welfare, encourages prominent food companies - including food producers, retailers and wholesalers, and restaurants and bars - to strengthen their approach, management systems and processes, and performance reporting on farm animal welfare.22nd May 2018