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Friday, April 6, 2018

Shareholders Pushing Cleanup at Meat Companies

(Dow Jones) -- Tyson Foods' pledge to reduce fertilizer use and improve land management across 2 million US farm acres reflects shareholders' growing appetite for sustainability commitments, according to one investor group. Brooke Barton, head of water and food for Ceres Investor Network, says Tyson's move could "meaningfully" improve drinking water quality in the US heartland, and puts other meat companies on notice: "Confronted with the stark implications of climate change, polluted waterways and shifting consumer preferences, the meat sector faces a choice: either belly up to the table, or expect to be on the menu." Ceres, which lobbies companies on environmental and social matters.