Capital4Nutrition

Investors are key to unlocking food systems transformation for improved nutrition. ATNi works across the finance sector to embed nutrition in food & beverage sector investments globally.

For over a decade, ATNi has contributed research, indexes, evidence and disclosures towards building the business case for investing in nutrition. The Materiality of Nutrition report was launched by ATNi and Planet Tracker on 26 June, 2024. The report is the latest addition to a growing evidence base on the business case for integrating nutrition into investment decisions across financial markets.

The report analyses 20 of the largest global food manufacturers, using over 10 years of ATNi’s independent Product Profile data to compare the healthiness of companies’ food product portfolios with their profits and market valuations. Findings show that on average, companies with broader, healthier food portfolios have higher EBIT margins than their peers, but the opposite is true for companies with narrower food portfolios.

Poor disclosure and a general lack of information on how companies address nutrition-related risks poses risks for investors and makes definitive conclusions difficult. ATNi supports nutrition-sensitive financing by driving transparent disclosures on the healthiness of food product portfolios from food companies, and by supporting investors to make systemic changes to how they invest in food companies.

Materiality of Nutrition Report
The Business Case for Investment in Nutrition

ATNi works closely with the investment community to ensure that our Indexes deliver the in-depth information on companies’ nutrition performance that is not available from other sources. As shareholders and bondholders of most companies rated on our Indexes, institutional investors are uniquely positioned to drive improvements in corporate commitments, practices, and transparency on nutrition.

ATNi’s Investor Expectations on Nutrition, Diets and Health were published in July 2020, following consultations with institutional investors. They are a framework to interpret ATNi’s indexes to support greater investor engagement with companies to address global nutrition challenges and deliver the Sustainable Development Goals.

Signatories to the Investor Expectations use our Indexes and reports in their ESG research, investment analysis and engagement. They also have the opportunity to join collaborative investor engagement on ATNi Index results, supported by the ATNi investor support team.

If you are interested in becoming a signatory and pledging your support for ATNi’s work, please contact investor.support@atni.org. There is no fee, and no reporting requirements associated with becoming a signatory.

ATNi Investor Expectations
Become a Signatory

The report Institutional Investors’ Approaches to Addressing Nutrition, Diets, and Health by ATNi highlights eight different case studies of investors using ATNi data to integrate nutrition into their investment approaches.

Investor Approaches to Nutrition

ATNi's Investor Signatories

Below you can see the updated list of the investor signatories that have signed up to ATNi’s Investor Expectations on Diets, Nutrition and Health, representing over USD 21 trillion AUM (last updated in March 2025).

Asia-Pacific

Abakkus Asset Manager
Apostle Funds Management
Arisaig Partners
Australian Ethical Investment
Columbia Threadneedle Investments
DSP Asset Managers
Ethical Partners Fund Management
Ethos Foundation
Fukoku Capital Management, Inc.
Globalance
Local Government Super
Nomura Asset Management
Pictet Group
Quantum
Resona Asset Management

North America

Boston Common Asset Management
Calvert
CommonSpirit Health
Everence and the Praxis Mutual Funds
Friends Fiduciary Corporation
Hexavest
ICCR
JLens
Mercy Investment Services
NEI Investments
Pax World Management
PIMCO
RRSE – Le Regroupement pour la Responsabilité Sociale des Entreprises
Seventh Generation Interfaith
Sisters of St. Francis of Philadelphia
Socially Responsible Investment Coalition
T. Rowe Price
Trillium Asset Management
Trinity Health
Vancity Investment Management

Europe

Aberdeen Standard Investments
Achmea Investment Management
Aikya Investment Management
Allianz Global Investors
Alquity Investment Management
Amundi
ASR Nederland
Aviva
BancoPosta Fondi Sgr
BNP Paribas Investment Partners
Candriam Investors Group
Cardano
CBF Church of England Fund
CCLA Investment Management
Central Finance Board of the Methodist Church
Church Commissioners for England
Church of England Pensions Board
Cometa
Coöperatie VGZ
CZ Group
DNB Asset Management
EdenTree Investment Management
Epworth Investment Management
EQ Investors

GAM Investments
J Safra Sarasin
Guy’s and St. Thomas’s Charity Endowment Fund
Hermes EOS
Impax Asset Management
KLP Kapitlalforvaltning
L&G Asset Management
Lion Trust
Local Authority Pension Fund Forum
Longview Partners
Mirova
Ocean Dial Asset Management
Nest Pensions
PosteVita
Rathbones Greenbank
Robeco
Sanso IS
Sarasin & Partners
Schroders
Stichting Pensioenfonds Huisartsen
Storebrand
The Health Foundation
Triodos Investment Management
Trusteam Finance
UBS Asset Management
Unicredit Pension Fund

Signatories to the Investor Expectations receive access to the Investor portal – a password-protected nutrition and finance resource hub – and ATNi’s expertise and support for their research and engagement.

Log in to the Portal

ATNi has been actively working to integrate nutrition into financial frameworks and regulations globally. Integrating ATNi’s metrics into these frameworks will ensure that nutrition is embedded in financial markets, as they require companies to report on a standardized set of indicators which is used by investors worldwide to inform investment decisions.

“Mechanisms like ATNi exist due to ongoing market failures and inconsistent disclosures. At Danone, we used ATNi to measure our progress on health, one of our corporate objectives, and the company continues to do so. ATNi is a great achievement as a metric for investors.”

– Emmanuel Faber, Chair of the International Sustainability Standards Board (ISSB), Former CEO of Danone.

Read more about ATNi’s Impact

FTSE Russell, ISS, S&P Global CSA, and the ISSB now use ATNi indicators and data in their ratings, or are piloting them for scale-up:

ATNi engaged with the International Sustainability Standards Board (ISSB) on its draft standards for the processed food and beverage sector, which include our proposed recommendations for a metric on the disclosure of portfolio healthiness using internationally recognized nutrient profiling models.

Additionally, S&P Global announced that food companies participating in their Corporate Sustainability Assessment must report on health and nutrition policies and programs using indicators from ATNi’s framework.
In 2024, ATNi mobilized key stakeholders in India to incorporate workforce nutrition into the Business Responsibility and Sustainability Report (BRSR) framework.

ATNi works on shaping the impact investing ecosystem to integrate nutrition into impact investing practice. The goal of this component is to reduce malnutrition in low- and middle-income countries by improving the supply of nutritious food to the population through impact investments in nutrition. The component aims to unlock concessional capital, targeting the production, processing, or marketing of affordable, safe, and nutritious foods, which are available for populations in low- and middle-income countries.

In 2023, ATNi screened 120 impact funds, 31 of which are active in Tanzania, 36 are active in Uganda, and 22 of which had no country or region specified on the African continent. Looking at the impact funds screened, health and nutrition emerged as the main gap among the impact themes.

To bridge this gap and support investors to invest in Nutrition, ATNi developed the Impact Investing for Nutrition Principles for Action as a transformative, community-oriented approach to scaling nutrition-sensitive impact investments. These principles are rooted in extensive research and a thorough review of six key frameworks already shaping the field. The first version was published in December 2024, with the latest version updated in October 2025.

In addition, ATNi conducted a global consultation on the Nutrition Impact Investing Principles with experts in finance and nutrition. Insights from this Delphi process informed ATNi’s new Nutrition Impact Investing Guide, which serves as a practical starting point for investors, donors, and other stakeholders looking to strengthen their nutrition-focused impact investment strategies.

Nutrition Impact Investing Principles 2025

Nutrition Impact Investing Guide 2026