More Big Food companies face investor scrutiny on health | JustFood30 April 2022
This article covers recent action by institutional investors and UK-based responsible investment charity ShareAction to push food and beverage manufacturers to adopt and disclose new strategies to tackle global nutrition challenges.
“Four more of the world’s largest food manufacturers are facing questions from investors about the nutritional make-up of their product portfolios. Nestlé, Danone, Kellogg and Kraft Heinz have “significant exposure to regulatory risk worldwide”, the investors argue, as governments introduce rules on recipes and marketing.
A group of investors including asset manager Legal & General Investment Management and BMO Global Asset Management has signed letters sent to the companies by ShareAction, the UK-based charity and ESG advocate.
In the letters, the investors sought to contrast the information the food manufacturers disclose on the health profile of their products with the Access to Nutrition Initiative (ATNI), which ShareAction describes as “the leading benchmarking organisation for food companies and their investors”.”Read full article