21 Nov '16, 11pm

Investors urge Cargill, Smithfield to address water pollution

The waste and nutrient runoff caused by massive meat-processing facilities is increasingly under scrutiny. The associated risk has already been the subject of shareholder proposals at Tyson Foods and Hormel Foods , among several other companies. The matter took on even more urgency last month in the aftermath of Hurricane Matthew, which caused more than a dozen manure lagoons associated with hog and chicken farms to overflow their banks , spewing bacteria and nitrogen into the state’s groundwater supply. This week, a group of institutional investors representing more than $1 trillion in assets is urging four of the largest meat producers in the world—Cargill , JBS, Perdue Farms and Smithfield Foods—to take more action to address both potential contamination and scarcity. The CEOs and corporate sustainability executives of these companies were targeted Monday with letters c...

Full article: https://www.greenbiz.com/article/investors-urge-cargill-s...

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