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COP15 'Paris Agreement for Nature' Will Increase Pressure on Global Meat and Dairy ProducersThe world will gather in Montreal tomorrow to discuss a 'Paris Agreement for Nature' (COP15) including a set of proposed targets to halt and reverse global biodiversity loss. However, new data from FAIRR today shows the world's biggest meat and dairy producers are currently unprepared to meet targets expected in such a deal. The data comes from the release of the fifth annual Coller FAIRR Protein Producer Index (the index) which assesses 60 publicly-listed animal protein producers worth a combined $360 billion (49 primarily produce meat, eggs and dairy, 11 are aquaculture companies), against ten environmental, social and governance (ESG)-related factors. Jeremy Coller, Chair of FAIRR Initiative and CIO of Coller Capital, said, "From rainforests to rivers, meat & dairy producers are failing to manage their biodiversity impacts. Industrial animal agriculture is the number one cause of deforestation and the number one user of fresh water globally. Investors are focused on material financial risks for companies, and a global agreement on nature at COP15 would see the intensive animal agriculture industry face increased regulatory, legal, tax and reputational risks. "Change is possible. The industry appears to be open to it. And with the Food and Agriculture Organization of the United Nations making a significant announcement at COP27, committing to develop an agricultural roadmap to 1.5C by COP28, we can be confident this trend will continue to gain momentum as companies adapt to the inevitable transition to a more sustainable food system. FAIRR's findings are key to at least three of the proposed targets in the 'Post-2020 Global Biodiversity Framework' being discussed at COP15. The table below highlights the proposed targets alongside relevant findings from FAIRR's Index report:
About FAIRR The FAIRR Initiative is a collaborative investor network, founded by Jeremy Coller, with a membership of $70 trillion assets under management. FAIRR works with institutional investors to define the material ESG issues linked to intensive livestock and fish farming systems and provide them with the tools necessary to integrate this information into their asset stewardship and investment decisions. This includes the Coller FAIRR Index, the world's first comprehensive assessment of the largest global animal protein companies on environmental, social and governance issues. Visit www.fairr.org and follow @FAIRRInitiative
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