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The group, led by Rathbone Greenbank Investments, included Legal and General Investment Management, Aviva Investors and EOS at Federated Hermes – a full list can be found below.

This coalition has called for new legislation on mandatory reporting of sales-weighted metrics, as recommended by the National Food Strategy.

Such legislation wold cover manufacturers, wholesalers, large retailers and more that have operations in the UK, with metrics including sales of food and drink high in fat, sugar or salt (HFSS), sales of protein by types, sales of fruit and vegetables and food waste.

It also called on the Government to consider the full range of regulatory tools at its disposal to promote sustainability in the food system and to be ‘bold and ambitious’ in its response to the ‘major social and environmental challenge’ of the UK food system.

Long-term thinking and sustainability

The coalition agreed that well-designed regulation could create an essential enabling environment for businesses seeking to build long-term thinking and sustainability into their business models.

Anna Taylor, Executive Director at The Food Foundation said​“Taking action on the National Food Strategy’s recommendations must be a priority for the UK. Not only is our health worsening, with public spending on obesity-related ill health set to keep rising, but we will not be able to meet our climate commitments without acting on sustainable food.

“We urgently need consistency in how food businesses report on health and sustainability metrics, to ensure that we have clear, industry-wide evidence of how the food sector is transitioning to healthier and more sustainable food sales. To achieve that, we need government and investors to work together and help drive this shift to regular and transparent reporting.”

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