Credit Suisse and JP Morgan Asset & Wealth Management (JPMAWM) have joined forces to launch an investment strategy targeting companies that are addressing sustainable nutrition.
It will focus on companies that tie together nutrition, health, biodiversity and climate, with a particular focus on nutrition’s societal and environmental aspects.
The companies said in a statement almost 700 million people globally are undernourished, while at the same time 1.8 billion people are overweight or obese. The world’s food systems are already responsible for 20% of global greenhouse gas emissions and account for more than 90% of the world’s freshwater consumption.
“We cannot feed the planet without functioning ecosystems and a healthy environment,” the groups said.
Mary Callahan Erdoes, CEO at JPMAWM, commented: “Both Credit Suisse and JP Morgan are committed to developing sustainable solutions for clients that provide strong financial outcomes, while also addressing the most important challenges facing our planet and society. We look forward to expanding this through our partnership and investing in innovative new ways of producing and consuming foods to address the nutrition challenge.”
Lydie Hudson, CEO of Sustainability Research and Investment Products (SRI) at Credit Suisse, added: “Together, Credit Suisse and JP Morgan share a passion for delivering both financial and purpose-driven outcomes, while building lasting portfolio value. We are committed to addressing sustainable nutrition through a strategy that places both the planet and its people at the core.”
The investment strategy will be available to Credit Suisse’s wealth management clients globally.