Animal Welfare as a criterion
for investment capital allocation
Client and partner: Humane Society International
Goal: make animal welfare a binding criterion for investment decisions within the World Bank Group, the EBRD, and the OECD export credit group.
Period: 2013 – 2016.
On behalf of and in cooperation with Humane Society International (HSI), SHIFTING VALUES achieved within less than four years that animal welfare was made a binding criterion for investment capital grants by the World Bank and the EBRD, as well as for export credit guarantees by export credit agencies (ECAs).
A report published in 2013 (“International Finance Institutions, Export Credit Agencies and Farm Animal Welfare”) for the first time turned public attention to the fact that hundreds of millions in public monies are being invested in livestock operations that cause vast animal suffering. EU countries, too, provide public monies, even if the agribusiness operations in third countries fall short of EU minimum animal welfare standards.
The consequences are multifaceted:
- immense billionfold animal suffering
- distortions of competition
- support for companies that are already market leaders, thereby negatively impacting on rural structures.