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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 used data from Vivid
Economics, part of consulting firm McKinsey & Co. The report
will be presented at Climate Week in New York, a series of
events tied to the gathering of world leaders in the
city.[L1N30M1FF]
Backers said the findings show the importance of previous calls
for investors and companies to eliminate deforestation tied to
products like cattle, palm oil and soy. More than 100 global
leaders last year pledged to halt and reverse deforestation and
land degradation by the end of the decade.[L1N2RT0M2]
"The reality is stark: Nature risk is fast becoming an integral
factor to investment risk," said Peter Harrison, chief executive
of Schroders Plc, in a statement sent by a Race to Zero
representative.
(Reporting by Ross Kerber; Editing by Marguerita Choy)
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