Sunday, April 24, 2016
Investment groups across to restaurants: stop adding antibiotics to the meat
A coalition of powerful investment firms who manage a combined $1 trillion in assets has sent letters to top restaurant chains in the U.S. and U.K. urging them to stop using antibiotics in their poultry and meat.
As reported by Healthline:
"The Farm Animal Investment Risk & Return (FAIRR), an initiative of Coller Capital that combines 53 other investment groups, announced this week they've sent letters to some of the biggest restaurant chains in the U.S. and the U.K.
"The chains include McDonald's, Wendy's, Domino's, Chili's, Olive Garden, Burger King, Tim Hortons, KFC, Pizza Hut, and Taco Bell, among others.
"Jeremy Coller, founder of the FAIRR Initiative and chief investment officer of Coller Capital, said these large food companies are 'key ingredients' in the portfolios of most of their pensions and savings. He said asking how these companies plan to meet the challenge of reducing antibiotic use is a matter of proper risk management."
These investors are savvy enough to anticipate the future, unlike the many major restaurant chains that still source from suppliers who use antibiotics in the raising of animals for meat to be consumed by humans.
"The world is changing, regulation on antibiotic use is set to tighten, and consumer preferences are shifting away from factory farmed food," Coller said. "As stewards of these food companies and responsible investors, we want to protect both human health and shareholder value."