Archer Daniels Midland, Monster Beverage, Tyson Foods, Kraft Heinz and other major food and beverage companies that are “poor performers on water management issues,” must increase their water risk management and disclosure practices, according to investors.
More than 60 leading North American and European institutional investors collectively managing $2.6 trillion in assets sent joint letters to 15 food and beverage companies last week.
“We…believe that global water risk management is a critical aspect of financial risk oversight in the food and beverage sector,” say the letters, which were coordinated by the nonprofit sustainability organization Ceres, with support from the Interfaith Center on Corporate Responsibility and the United Nations-supported Principles for Responsible Investment.
