A new sustainability index found that roughly three-quarters of the world’s largest meat and fish suppliers are failing to manage their contributions to worldwide antibiotic resistance as well as their contributions to the climate crisis, “putting the implementation of the Paris agreement in jeopardy.”
“There is no such thing as cheap meat—these industries have been subsidised for years by the public because we pay for their environmental pollution, public health costs that they do not account for in their business model.”
—Shefali Sharma,
Institute for Agriculture and Trade Policy
The Coller FAIRR Protein Producer Index, a project from the London-based investor initiative Farm Animal Investment Risk and Return (FAIRR), launched Wednesday as a tool for investors. Companies analyzed include suppliers to major fast-food chains such as McDonald’s and KFC.
The index gauges how 60 suppliers, worth a combined $300 billion, are managing sustainability risks based on nine criteria: greenhouse gas emissions; deforestation and biodiversity loss; water scarcity and use; waste and pollution; antibiotics; animal welfare; working conditions; food safety; and sustainable protein.
Across the global livestock sector, the measurement and reporting of greenhouse gas emissions—which fuel global warming—is “inadequate, unstandardized, and unverified,” according to index’s executive summary.
Although the sector is responsible for 14.5 percent of global emissions—or about the total amount produced by the United States—FAIRR found that a full 72 percent of companies simply aren’t tracking their emissions at all.
Additionally, 77 percent of these companies are “failing to adequately manage or disclose antibiotic use, despite growing levels of regulation and international action to combat antibiotic resistant superbugs.”