According to Farm Animal Investment Risk & Return (FAIRR), UK food companies Cranswick, Marks & Spencer, Noble Foods and Waitrose have attained the highest marks for their management and reporting on farm animal welfare in the global Business Benchmark on Farm Animal Welfare (BBFAW) report, launched at Morgan Stanley in New York.
The BBFAW report, which is compiled in collaboration with leading animal welfare organisations Compassion in World Farming, World Animal Protection and investment firm Coller Capital, reveals that companies are paying increased attention to farm animal welfare within their supply chains. For example:
- 73% of companies have now published farm animal welfare policies (compared to just 46% in 2012);
- 65% of companies have published targets on farm animal welfare (up from 26% in 2012);
- However, 42 out of the 99 companies are ranked in the bottom two tiers of the benchmark. These include global food companies such as Domino’s Pizza Group and Starbucks Corporation.
This year, 13 companies occupy leadership positions in the Benchmark’s top two tiers. These companies demonstrate strong commitments to farm animal welfare and have established management systems and processes. They include Coop Group (Switzerland), Cranswick, Marks & Spencer, Migros, Noble Foods and Waitrose in Tier 1, and BRF, Cargill, Co-op (UK), Greggs, McDonald’s, Tesco and Unilever in Tier 2.
The report also highlights the important role being played by institutional investors in driving improvements in animal welfare practice and process across the food industry.
Monday January 23, 2017/ FAIRR.