of companies, worth $152 billion, are ranked ‘high risk’ on overall management of sustainability.
of companies, worth $240 billion, are ranked ‘high risk’ on antibiotics management – the most poorly managed of all sustainability risk factors.
of companies, worth $100 billion, are ranked ‘low risk’ on waste and pollution management - the best managed of all sustainability risk factor.
Index companies currently account for the alternative proteins sector.
Other key findings from the Coller FAIRR Protein Producer Index:
- Aquaculture producers lead the animal proteins sector in the quality of their reporting of critical sustainability issues. Europe-based firms Marine Harvest, Lerøy Seafood and Bakkafrost display the best management and disclosure across all eight risk factors. Learn more.
- Antibiotics mismanagement is the most poorly addressed risk, in an industry that is the primary global consumer of medically important antibiotics. Despite increasingly urgent calls for the sector to phase out the use of medically important antibiotics – 46 companies worth a combined $240bn have no policies or process in place to eliminate the routine use of antibiotics. Learn more.
- Reporting and management of greenhouse gas emissions is inadequate, unstandardised and unverified across the animal protein sector. Although the livestock sector contributes nearly 14.5% of global greenhouse gas emissions over 72% of Index companies showed poor or no reporting on this issue. Learn more.
- Waste and pollution is the best managed risk factor with 43% of Index companies ranking as ‘low risk’ on this risk factor. However, despite increasing potential for community advocacy and litigation should animal waste pollute local water sources or the wider environment, only around a quarter of the terrestrial companies specifically referenced their management of animal waste. Learn more.
- Only 35% of Index companies report on water use from their operations. This is a concern as agriculture accounts for 92% of global freshwater use, nearly one-third of which is for animal agriculture. 82% of Index companies do not impose any specific requirements for suppliers on water use and management. Learn more.
- Only five of the 60 companies are prepared to capitalise on opportunities in the rapidly growing alternative (non-meat or dairy) proteins sector. The alternative protein market is expected to reach $5.2 billion by 2020. Learn more.