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”.
Keynote speech by Steve McIvor, Chief Executive, World Animal Protection, at the launch of the 6th Annual Business Benchmark on Farm Animal Welfare (BBFAW) report at the London Stock Exchange on 22 February 2018.5th March 2018
The sixth annual Business Benchmark on Farm Animal Welfare (BBFAW) Report is to be launched on Thursday, 22 February 2018 at the London Stock Exchange.22nd February 2018
The sixth annual Business Benchmark on Farm Animal Welfare, launched today at the London Stock Exchange, identifies Co-op Group (Switzerland), Cranswick, Marks & Spencer, Migros and Waitrose as global leaders on farm animal welfare. The Benchmark also shows that many of the 110 global food companies covered by the Benchmark are integrating farm animal welfare into their management and reporting processes.22nd February 2018