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Capitalism

June 04, 2020 - Common Dreams

Global Meat Giants Fuel Major Future Risk of Creating Next Pandemic, Investor Group Warns

Global Meat Giants Fuel Major Future Risk of Creating Next Pandemic, Investor Group Warns
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"Factory farming is both vulnerable to pandemics and guilty of creating them."

Global investor network Farm Animal Investment Risk and Return said Wednesday that the novel coronavirus stands to be the "straw that breaks the meat industry's back" as the group released a new report warning that industrial meat production is fueling the risk of future zoonotic pandemics.

"Factory farming is both vulnerable to pandemics and guilty of creating them. It's a self-sabotaging cycle that destroys value and risks lives," Farm Animal Investment Risk and Return (FAIRR) founder Jeremy Coller said in a statement launching the new report, Infected Industry.

Using criteria including worker safety, deforestation, animal welfare, and antibiotic stewardship, researchers analyzed the biggest 60 global meat, fish, and dairy companies and found that 44 of them—73%—rated as "high-risk" in FAIRR's new Pandemic Ranking tool.

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