‘Casey Clark, CFA, Deputy CIO and Head of ESG Investments, participated in a panel discussion “Financing the Green Transition” hosted by Royal Norwegian Consulate General in New York, NYSE and Dynamo Energy Hub. When asked the question, ”What might we look back on 15 years from now and say was important?” Casey cited the role of food and agriculture, based on four facts:
1) The industry accounts for 25% to 35% of global GHG emissions.
2) The world will need to increase food production by greater than 50% to feed nearly 10 billion people in 2050.
3) Nearly one quarter of all food produced is lost or wasted from farm to fork.
4) In the U.S. alone, $1.1 trillion was spent in 2019 on producing, processing, retailing, and wholesaling food. The costs jump to over $3 trillion when externalities such as human health and the environment are considered.’