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Is modern food making us sick?
  + stars: | 2023-11-08 | by ( Idil Karsit | ) www.cnbc.com   time to read: +2 min
"Most of the ultra-processed food that you find are higher in salt, fat and sugar. The $128 billion British food and beverage industry is the largest manufacturing sector in the country, employing more than 400,000 people. "We are calling for food sector companies to report a set of health and sustainability metrics that would be on a mandatory basis," said Sophie Lawrence, who leads a group of investors called the Investor Coalition for Food Policy, managing assets worth $7 trillion. "If you're a leading business, and you know, you want to invest in healthier food, you're essentially taking a big commercial risk because it's not a level playing field", said Rebecca Tobi, senior business and investment manager at the Food Foundation. So, could ultra-processed food be taken off the menu?
Persons: Tim Spector, ZOE –, Kiara Chang, Sophie Lawrence, it's, Rebecca Tobi Organizations: King's College London, Imperial College London, Investor Coalition, Food Policy, Food Foundation Locations: U.S
Another was the requirement for companies to assess and disclose their impact and reliance on nature, despite the word "mandatory" being dropped from the final deal. While protecting nature comes at a cost, those companies that step up will attract more investors. "The big losers across the board will be 'business as usual'," said Eurasia Group senior analyst Franck Gbaguidi. A body representing some of the world's largest mining companies, including Glencore (GLEN.L) and Newcrest (NCM.AX), said disclosure would lead to a level playing field between sectors. The bill was ultimately calculated at $20 billion per year by 2025 and $30 billion per year by 2030.
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