Farm and Food Investors Face $150 Billion Loss on Climate Change - Report


By Ross Kerber, Reuters

via U.S. News & World Report - Sept. 20, 2022


(Reuters) - Top farming and food firms could lose up to a quarter of their value by 2030 if they do not adapt to new government policies and consumer behavior tied to climate change, United Nations-affiliated campaigners said in a new report.


Research to be presented on Tuesday looked at how 40 big companies including agricultural producers and food retailers could fare under scenarios called key to reducing emissions, such as if governments impose carbon emssions prices or if consumers reduce their consumption of meat.


The study, seen by Reuters News, found the companies' value would decline by an average of around 7% by 2030, equivalent to some $150 billion in investor losses, if they did not adopt new practices.


At the same time, business areas like plant-based meat and forest restoration offer the same companies big new opportunities, the report states.


The report does not name specific companies so it is not taken as investment advice, a campaign representative said.


It is being published by Race to Zero, a U.N.-backed campaign to address climate change. Researchers...