JP Morgan partnership follows global food system report highlighting the environmental impact of current food industry
Credit Suisse has partnered with JP Morgan to launch an exclusive investment strategy targeting companies addressing the ties between nutrition, health, biodiversity and climate.
The investment opportunity is open to Credit Suisse’s global wealth management client base, and will focus specifically on the societal and environmental aspects of nutrition.
In its latest report, identifying sustainable solutions for the global food system, Credit Suisse noted the burden of malnutrition on the global economy, estimating the issue cost $13.6 trillion annually.
It also touched on the significant environment impact of the food industry, concluding that the current situation was likely to “worsen significantly” unless immediate action was taken.
The report called for a shift towards a more plant-based diet to lower emissions.
Credit Suisse estimates the global alternative dairy and meat market could grow to $1.4 trillion by 2050, based on current annual sales of $14 billion.
“For the alternative meat market, our base case assumption has the share of the alternative meat market reaching just 5% by 2030, before increasing to 25% by 2050,” the report said.
“Our blue-sky scenario assumes that 50% of the meat market globally will be driven by alternative products.”
Global chief investment officer at Credit Suisse Michael Strobaek said of the collaboration: “As we co-develop and innovate solutions and products, we look to help wealth management clients invest and make a positive contribution to addressing the double burden of malnutrition – feeding people and protecting the planet.”
Claude Kurzo, country head Switzerland and MEA wholesale, JP Morgan Asset Management said: “We are very excited about further deepening our relationship with Credit Suisse through this partnership.
“It brings together two firms who are committed to identifying and investing in innovative solutions required to address the nutrition challenge, providing sustainable outcomes for our planet and investors,” Kurzo added.
Date published: 6 July 2021