The Shift to Paris-aligned Diets and Investor Risk in the UK Retail Sector

Food retailers face a new climate and sustainability front: in order to meet net zero goals, the UK must reduce meat and dairy consumption by least 50% by 2030 and beyond. Yet, currently, the majority of retailers are failing to face up to both long- and short-term physical and transitional climate risks associated with their meat and dairy sales. As markets continue to price climate risk into the value of equity securities, setting and meeting ambitious and accountable science-based targets on product emissions will become a bellwether of a retailer’s long-term viability. Investors have the opportunity to review potential retail investments in Feedback’s Meat and Climate Scorecard to assess their responsiveness to supply chain and regulatory risk.