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Latest Recon

December 13, 2019 - Bloomberg Business

After Taking on Coal and Oil, Climate Investors Target Meat Next

After Taking on Coal and Oil, Climate Investors Target Meat Next

Investors are starting to give meat suppliers a warning that has already sent ripples through the coal industry: make better progress in tackling climate change or risk being shunned.

The threat of divestments in the livestock sector -- one of the top contributors to global emissions -- is rising as asset managers increase scrutiny on the sustainability and carbon footprint of their holdings. Investors including Legal & General Investment Management have already started to divest from some food companies and said they may offload others that don’t meet certain environmental requirements.

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