A call for divestment from Big Livestock
This report from UK food waste organisation Feedback makes a case for the end of industrial animal agriculture and calls for divestment from large livestock companies, arguing that the business model of “Big Livestock” is incompatible with reducing greenhouse gas emissions.
The report addresses the questions of whether these large livestock corporations can reduce their emissions, offset their emissions or else stop producing meat and dairy. It argues that increases in efficiency (i.e. emissions per unit of output) often come with tradeoffs (such as lower animal welfare) and are likely to be cancelled out by the growth ambitions of the companies.
Regarding offsetting, it notes that relying on low-cost carbon offsets such as afforestation would add to the large areas of land already used by livestock; furthermore, the uncertain future of carbon markets adds risk to “Big Livestock’s” business model if it relies on offsetting.
While one quarter of the top 60 livestock producers have engaged with alternative proteins (such as plant-based foods), the report points out that some meat and dairy executives have stated they see alternative proteins as an additional market rather than a replacement for animal products, and that many livestock companies are pushing for growth in their meat and dairy output even as they also market plant-based products.
The report recommends:
- Using policy to discourage meat and dairy consumption and “squeeze” industrial livestock production, e.g. through restricting imports of animal feeds linked to deforestation.
- Campaigning for investors to divest from industrial livestock companies, in a similar manner to the fossil fuel divestment movement.
Read the full report, It’s Big Livestock Versus the Planet: A case to cut off meat and dairy corporations’ financial fodder, here. See also the Foodsource chapter Focus: the difficult livestock issue.
Europe is the world's second-smallest continent by surface area, covering just over 10 million square kilometres or 6.8% of the global land area, but it is the third-most populous continent after Asia and Africa, with a population of around 740 million people or about 11% of the world's population. Its climate is heavily affected by warm Atlantic currents that temper winters and summers on much of the continent. In the European Union, farmers represent only 4.7% of the working population, yet manage nearly half of its land area.