Embedding nutrition in financial markets
As shareholders and bondholders of most of the companies rated on our Indexes, institutional investors have the potential to drive substantial change in these companies’ commitments, practices and disclosure on nutrition. Currently, ATNi’s Investors in Nutrition and Health (AINH) includes 87 signatories to the Investor Expectations on Nutrition, Diets and Health, representing over $21 trillion in AUM (last updated in March 2025).
ATNi works extensively with the investment community to ensure that our Indexes are designed to provide them with the in-depth information they need on companies’ performance on nutrition not available from any other source. Investor signatories use our Indexes and reports in their ESG research, investment analysis and engagement.
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. Other organizations also draw on ATNi’s data in their work with responsible investors, including ShareAction and the Food Foundation.
At N4G Paris in March 2025, ATNi mobilized seven investors who together manage over $1 trillion in assets under management (AUM), to require disclosures from 23 of the publicly listed food and beverage manufacturers assessed in ATNi’s Global Index 2024 using a government endorsed nutrient profile model.
ATNi has a dedicated investor support team that helps investors and signatories to the Investor Expectations with integrating nutrition into their investment processes and responsible investment activities. Please reach out to investor.support@atni.org if you are interested in any of the following activities:
- Ensuring you are kept up to date about developments in nutrition relevant to investment
- Providing and developing materials to support your engagement with companies, e.g. questions to use with Investor Expectations, best-practice examples
- Access to ATNi research analysts
- The development of research to help build the case for nutrition as a material issue for industry, such as the Materiality of Nutrition report (cont.)
- Publicizing via our website and social media the work of the investor signatories to amplify their own communications
- Facilitating collaborative investor engagement with companies ranked in our Indexes and publishing engagement analysis reports
- Communicating investor and finance sector perspectives at nutrition events and conferences
- Growing the signatory base
- Maintaining the Investor Portal on the website, with relevant materials, news and links to our work and that of other relevant organisations
Materiality of 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 analyzes 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
Investor Expectations on Diets, Nutrition & Health
ATNi’s Investor Expectations 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 will have access to the Investor portal – a password-protected nutrition and finance resource hub – and ATNi’s expertise and support for their research and engagement.
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.
Investor Approaches to Nutrition
Institutional investors can play a significant role in shaping food and beverage companies’ nutrition governance, strategy, and disclosure. As nutrition becomes more integrated into responsible and sustainable investment analysis, investors are increasingly assessing companies’ product portfolios and their performance in addressing global nutrition challenges.
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.
Collaborative Investor Engagement with Global F&B Companies
Investors are a key stakeholder in driving food systems transformation. One important way in which they can drive change is by using their role as shareholders to collaboratively engage with food & beverage companies. ATNi supports investors in their collaborative engagements with companies assessed in our Global Indexes and in-country assessments, including the US Index 2022, UK Retailer Index 2022, and the India Index 2023.
Collaborative engagement led by ATNi’s Investors in Nutrition and Health complements ATNi’s direct engagement with companies.
Together, these processes help to drive positive change in companies’ nutrition policies, disclosures and practices, with changes captured in ensuing Index cycles.
ATNi publishes Collaborative Engagement Reports which detail the engagement process and results.
2021-23 Engagement Analysis Report
2018-20 Engagement Analysis Report
Nutrition in financial frameworks and reporting
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.
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.
Members of ATNi’s Investors in Nutrition & Health
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).
| 1 | Aberdeen Standard Investments | UK |
| 2 | Abakkus Asset Manager | IN |
| 3 | Achmea Investment Management | NL |
| 4 | Aikya Investment Management | UK |
| 5 | Allianz Global Investors | DE |
| 6 | Alquity Investment Management | UK |
| 7 | Amundi | FR |
| 8 | Apostle Funds Management | AU |
| 9 | Arisaig Partners | SG |
| 10 | ASR Nederland | NL |
| 11 | Australian Ethical Investment | AU |
| 12 | Aviva | UK |
| 13 | AXA Investments | FR |
| 14 | BancoPosta Fondi Sgr | IT |
| 15 | BNP Paribas Investment Partners | FR |
| 16 | Boston Common Asset Management | US |
| 17 | Calvert | US |
| 18 | Candriam Investors Group | FR |
| 19 | Cardano | NL |
| 20 | CBF Church of England Fund | UK |
| 21 | CCLA Investment Management | UK |
| 22 | Central Finance Board of the Methodist Church | UK |
| 23 | Church Commissioners for England | UK |
| 24 | Church of England Pensions Board | UK |
| 25 | Columbia Threadneedle Investments | US |
| 26 | Cometa | IT |
| 27 | CommonSpirit Health | US |
| 28 | Coöperatie VGZ | NL |
| 29 | CZ Group | NL |
| 30 | DNB Asset Management | NO |
| 31 | DSP Asset Managers | IN |
| 32 | EdenTree Investment Management | UK |
| 33 | Epworth Investment Management | UK |
| 34 | EQ Investors | UK |
| 35 | Ethical Partners Fund Management | AU |
| 36 | Ethos Foundation | CH |
| 37 | Everence and the Praxis Mutual Funds | US |
| 38 | Fukoku Capital Management, Inc. | JP |
| 39 | Friends Fiduciary Corporation | US |
| 40 | GAM Investments | CH |
| 41 | Globalance | CH |
| 42 | Guy’s and St. Thomas’s Charity Endowment Fund | UK |
| 43 | Hermes EOS | UK |
| 44 | Hexavest | CA |
| 45 | ICCR | US |
| 46 | Impax Asset Management | UK |
| 47 | J Safra Sarasin | CH |
| 48 | JLens | US |
| 49 | KLP Kapitlalforvaltning | NO |
| 50 | LGIM | UK |
| 51 | Lion Trust | UK |
| 52 | Local Authority Pension Fund Forum | UK |
| 53 | Local Government Super | AU |
| 54 | Longview Partners | UK |
| 55 | Mercy Investment Services | US |
| 56 | Mirova | FR |
| 57 | MUFG Asset Management | JP |
| 58 | NEI Investments | CA |
| 59 | Ocean Dial Asset Management | UK |
| 60 | Nest Pensions | UK |
| 61 | Nomura Asset Management | JP |
| 62 | Pax World Management | US |
| 63 | Pictet Group | CH |
| 64 | PIMCO | US |
| 65 | PosteVita | IT |
| 66 | Quantum | IN |
| 67 | Rathbones Greenbank | UK |
| 68 | Resona Asset Management | JP |
| 69 | Robeco | NL |
| 70 | RRSE – Le Regroupement pour la Responsabilité Sociale des Entreprises | CA |
| 71 | Sanso IS | FR |
| 72 | Sarasin & Partners | CH |
| 73 | Schroders | UK |
| 74 | Seventh Generation Interfaith | US |
| 75 | Sisters of St. Francis of Philadelphia | US |
| 76 | Socially Responsible Investment Coalition | US |
| 77 | Stichting Pensioenfonds Huisartsen | NL |
| 78 | Storebrand | NO |
| 79 | T. Rowe Price | US |
| 80 | The Health Foundation | UK |
| 81 | Trillium Asset Management | US |
| 82 | Trinity Health | US |
| 83 | Triodos Investment Management | NL |
| 84 | Trusteam Finance | FR |
| 85 | UBS Asset Management | GLOBAL |
| 86 | Unicredit Pension Fund | IT |
| 87 | Vancity Investment Management | CA |
ATNi Investor Portal
Signatories to the Investor Expectations will have access to the Investor portal – a password-protected nutrition and finance resource hub – and ATNi’s expertise and support for their research and engagement.
Should you have any issues in accessing the Portal, please reach out to investor.support@atni.org.