FAIRR Initiative

Last updated
FAIRR Initiative
Company typeInternational NGO
IndustrySustainability, Intensive animal farming, Biodiversity, Aquaculture
Founded2015
FounderJeremy Coller
HeadquartersLondon, United Kingdom
Number of locations
1
Number of employees
50+
Website http://www.fairr.org/

The Farm Animal Investment Risk and Return Initiative commonly called FAIRR Initiative, is an investor network. [1] [2] [3] [4] [5] [6]

Contents

Based in London, UK, it provides its members with research and tools. It also runs investor engagements with companies in the global food sector. [7] [8] [9]

The FAIRR Initiative is part of the Jeremy Coller Foundation, which was founded in 2002 as the philanthropic platform of private equity entrepreneur Jeremy Coller. [10] [11]

History

FAIRR was established in 2015 by the Jeremy Coller Foundation. Jeremy Coller, a British financial executive and philanthropist, chairman and Chief Investment Officer (CIO) of Coller Capital, serves as the founder and chair of the initiative. [12] [13]

Operations

FAIRR is a cooperative network of investors focused on highlighting the environmental, social, and governance risks and opportunities within the global food sector. [14] [15]

It focuses on providing research, collaborative engagements and coordinating policy action. FAIRR Initiative has over 400 members globally, with $70 trillion in combined assets. [16] [17] [18] [19] [20]

FAIRR is the fastest-growing ESG investor network by Assets Under Management. [21] [22]

It is headquartered in London, UK. [23]

Projects

Coller FAIRR Protein Producer Index is a benchmarking instrument that evaluates 60 publicly traded companies in the aquaculture, dairy and meat sectors across ten key social, environmental, and governance areas in alignment with the SDGs to provide financial institutions with analytics and data insights in the protein industry. [24] [25]

Coller FAIRR Climate Risk Tool is an analytical instrument that evaluates the climate-related opportunities and risks for the livestock producers. Utilizing three specific climate scenarios based on the NGFS and IPCC - Business as Usual, High Climate Impact, and Net Zero Aligned. This tool assesses the potential impact on the profitability and cost of each of the 40 dairy and meat companies. [26]

FAIRR coordinates engagements that are supported by investor members. Engagements cover alternative proteins, antibiotics & health, biodiversity climate, social risk. [27]

FAIRR Initiative collaborates with governments, regulators, industry bodies, and investors to enhance awareness of ESG risks associated with intensive animal agriculture.

Related Research Articles

<span class="mw-page-title-main">Meat</span> Animal flesh eaten as food

Meat is animal tissue, often muscle, that is eaten as food. Humans have hunted and farmed other animals for meat since prehistoric times. The Neolithic Revolution allowed the domestication of animals including chickens, sheep, goats, pigs, horses, and cattle, starting around 11,000 years ago. Since then, selective breeding has enabled farmers to produce meat with the qualities desired by producers and consumers.

<span class="mw-page-title-main">Beef</span> Meat from cattle

Beef is the culinary name for meat from cattle. Beef can be prepared in various ways; cuts are often used for steak, which can be cooked to varying degrees of doneness, while trimmings are often ground or minced, as found in most hamburgers. Beef contains protein, iron, and vitamin B12. Along with other kinds of red meat, high consumption is associated with an increased risk of colorectal cancer and coronary heart disease, especially when processed. Beef has a high environmental impact, being a primary driver of deforestation with the highest greenhouse gas emissions of any agricultural product.

<span class="mw-page-title-main">Meat alternative</span> Plant-based food made to resemble meat

A meat alternative or meat substitute, is a food product made from vegetarian or vegan ingredients, eaten as a replacement for meat. Meat alternatives typically approximate qualities of specific types of meat, such as mouthfeel, flavor, appearance, or chemical characteristics. Plant- and fungus-based substitutes are frequently made with soy, but may also be made from wheat gluten as in seitan, pea protein as in the Beyond Burger, or mycoprotein as in Quorn. Alternative protein foods can also be made by precision fermentation, where single cell organisms such as yeast produce specific proteins using a carbon source; as well as cultivated or laboratory grown, based on tissue engineering techniques.

<span class="mw-page-title-main">Plant-based diet</span> Diet consisting mostly or entirely of plant-based foods

A plant-based diet is a diet consisting mostly or entirely of plant-based foods. Plant-based diets encompass a wide range of dietary patterns that contain low amounts of animal products and high amounts of fiber-rich plant products such as vegetables, fruits, whole grains, legumes, nuts and seeds. They do not need to be vegan or vegetarian, but are defined in terms of low frequency of animal food consumption.

<span class="mw-page-title-main">Bruce Friedrich</span> American food company founder

Bruce Gregory Friedrich is co-founder and president of The Good Food Institute (GFI), a Y Combinator funded non-profit that promotes plant- and cultivated meat alternatives to conventional animal meat. He is also a co-founder of the alternative protein venture capital firm New Crop Capital. Friedrich previously worked for PETA and Farm Sanctuary.

<span class="mw-page-title-main">Sustainable food system</span> Balanced growth of nutritional substances and their distribution

A sustainable food system is a type of food system that provides healthy food to people and creates sustainable environmental, economic, and social systems that surround food. Sustainable food systems start with the development of sustainable agricultural practices, development of more sustainable food distribution systems, creation of sustainable diets, and reduction of food waste throughout the system. Sustainable food systems have been argued to be central to many or all 17 Sustainable Development Goals.

<i>Livestocks Long Shadow</i> United Nations report

Livestock's Long Shadow: Environmental Issues and Options is a United Nations report, released by the Food and Agriculture Organization (FAO) of the United Nations on 29 November 2006, that "aims to assess the full impact of the livestock sector on environmental problems, along with potential technical and policy approaches to mitigation". It stated that livestock accounts for 18% of anthropogenic greenhouse gas emissions, a figure which FAO changed to 14.5% in its 2013 study Tackling climate change through livestock.

<span class="mw-page-title-main">Low-carbon diet</span> Diet to reduce greenhouse gas emissions

A low-carbon diet is any diet that results in lower greenhouse gas emissions. Choosing a low carbon diet is one facet of developing sustainable diets which increase the long-term sustainability of humanity. Major tenets of a low-carbon diet include eating a plant-based diet, and in particular little or no beef and dairy. Low-carbon diets differ around the world in taste, style, and the frequency they are eaten. Asian countries like India and China feature vegetarian and vegan meals as staples in their diets. In contrast, Europe and North America rely on animal products for their Western diets.

<span class="mw-page-title-main">Environmental impacts of animal agriculture</span> Impact of farming animals on the environment

The environmental impacts of animal agriculture vary because of the wide variety of agricultural practices employed around the world. Despite this, all agricultural practices have been found to have a variety of effects on the environment to some extent. Animal agriculture, in particular meat production, can cause pollution, greenhouse gas emissions, biodiversity loss, disease, and significant consumption of land, food, and water. Meat is obtained through a variety of methods, including organic farming, free-range farming, intensive livestock production, and subsistence agriculture. The livestock sector also includes wool, egg and dairy production, the livestock used for tillage, and fish farming.

Jeremy Coller is a British businessman and philanthropist. He is the founder, chief investment officer and chairman of Coller Capital.

The term food system describes the interconnected systems and processes that influence nutrition, food, health, community development, and agriculture. A food system includes all processes and infrastructure involved in feeding a population: growing, harvesting, processing, packaging, transporting, marketing, consumption, distribution, and disposal of food and food-related items. It also includes the inputs needed and outputs generated at each of these steps. Food systems fall within agri-food systems, which encompass the entire range of actors and their interlinked value-adding activities in the primary production of food and non-food agricultural products, as well as in food storage, aggregation, post-harvest handling, transportation, processing, distribution, marketing, disposal, and consumption. A food system operates within and is influenced by social, political, economic, technological and environmental contexts. It also requires human resources that provide labor, research and education. Food systems are either conventional or alternative according to their model of food lifespan from origin to plate. Food systems are dependent on a multitude of ecosystem services. For example, natural pest regulations, microorganisms providing nitrogen-fixation, and pollinators.

The environmental impact of agriculture is the effect that different farming practices have on the ecosystems around them, and how those effects can be traced back to those practices. The environmental impact of agriculture varies widely based on practices employed by farmers and by the scale of practice. Farming communities that try to reduce environmental impacts through modifying their practices will adopt sustainable agriculture practices. The negative impact of agriculture is an old issue that remains a concern even as experts design innovative means to reduce destruction and enhance eco-efficiency. Though some pastoralism is environmentally positive, modern animal agriculture practices tend to be more environmentally destructive than agricultural practices focused on fruits, vegetables and other biomass. The emissions of ammonia from cattle waste continue to raise concerns over environmental pollution.

Environmental, social, and corporate governance (ESG), is a set of considerations, including environmental issues, social issues and corporate governance that can be considered in investing. Investing with ESG considerations is sometimes referred to as responsible investing or, in more proactive cases, impact investing.

<span class="mw-page-title-main">United Nations Environment Programme Finance Initiative</span>

The United Nations Environment Programme Finance Initiative is a partnership between the United Nations Environment Program (UNEP) and the global financial sector to catalyse action across the financial system to align economies with sustainable development. As the UN partner for the finance sector, they convene financial institutions on a voluntary basis to work together with them, and each other, to find practical solutions to overcome the many sustainability challenges facing the world today. UNEP FI does this by providing practical guidance and tools which support institutions in the finance sector to find ways to reshape their businesses and commit to targets for limiting greenhouse gas emissions, protecting nature, promoting a circular economy and supporting financial inclusion to address inequality. The solutions developed effectively form a blueprint for others in the finance sector to tackle similar challenges and evolve their businesses along a sustainable pathway. The creation and adoption of such a blueprint also informs policy makers concerned with sustainability issues about what would constitute appropriate regulation for the finance sector at large. Founded in 1992, UNEP FI was the first organisation to pioneer engagement with the finance sector around sustainability. The Finance Initiative was responsible for incubating the Principles for Responsible Investment and for the development and implementation of UNEP FI’s Principles for Responsible Banking and Principles for Sustainable Insurance as well as the UN-convened net-zero alliances. Today, UNEP FI provides sustainability leadership to more than 400 financial institutions, with assets of well over $80 trillion headquartered around the world.

Stranded assets are "assets that have suffered from unanticipated or premature write-downs, devaluations or conversion to liabilities". Stranded assets can be caused by a variety of factors and are a phenomenon inherent in the 'creative destruction' of economic growth, transformation and innovation; as such they pose risks to individuals and firms and may have systemic implications. Climate change is expected to cause a significant increase in stranded assets for carbon-intensive industries and investors, with a potential ripple effect throughout the world economy.

<span class="mw-page-title-main">The Good Food Institute</span> Nonprofit promoting animal product alternatives

The Good Food Institute (GFI) is a 501(c)(3) nonprofit organization that promotes plant- and cell-based alternatives to animal products, particularly meat, dairy, and eggs. It was created in 2016 by the nonprofit organization Mercy For Animals with Bruce Friedrich as the chief executive officer. GFI has more than 150 staff across six affiliates in the United States, India, Israel, Brazil, Asia Pacific, and Europe. GFI was one of Animal Charity Evaluators' four "top charities" of 2022.

Cellular agriculture focuses on the production of agricultural products from cell cultures using a combination of biotechnology, tissue engineering, molecular biology, and synthetic biology to create and design new methods of producing proteins, fats, and tissues that would otherwise come from traditional agriculture. Most of the industry is focused on animal products such as meat, milk, and eggs, produced in cell culture rather than raising and slaughtering farmed livestock which is associated with substantial global problems of detrimental environmental impacts, animal welfare, food security and human health. Cellular agriculture is a field of the biobased economy. The most well known cellular agriculture concept is cultured meat.

A meat tax is a tax levied on meat and/or other animal products to help cover the health and environmental costs that result from using animals for food. Livestock is known to significantly contribute to global warming, and to negatively impact global nitrogen cycles and biodiversity.

<span class="mw-page-title-main">Greenhouse gas emissions from agriculture</span> Agricultures effects on climate change

The amount of greenhouse gas emissions from agriculture is significant: The agriculture, forestry and land use sector contribute between 13% and 21% of global greenhouse gas emissions. Agriculture contributes towards climate change through direct greenhouse gas emissions and by the conversion of non-agricultural land such as forests into agricultural land. Emissions of nitrous oxide and methane make up over half of total greenhouse gas emission from agriculture. Animal husbandry is a major source of greenhouse gas emissions.

Sustainable finance is the set of financial regulations, standards, norms and products that pursue an environmental objective. It allows the financial system to connect with the economy and its populations by financing its agents while maintaining a growth objective. The long-standing concept was promoted with the adoption of the Paris Climate Agreement, which stipulates that parties must make "finance flows consistent with a pathway towards low greenhouse gas emissions and climate-resilient development." In addition, sustainable finance had already a key role to play in the European Green Deal and in other EU International agreements, but since the COVID-19 pandemic its role is even more important.

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