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Investors are urging Europe to make climate change a priority in agricultural reform.

On Monday, a $2 trillion group of investors asked the European Commission to be more ambitious in its proposed overhaul of the EU’s massive agricultural subsidy programme in order to combat climate change and preserve biodiversity. The group, led by Legal & General Investment Management and Chatham House, made four suggestions, including limiting direct support for high-emission goods like red meat and dairy. “As long-term investors, and stewards of our clients’ assets, we engage with businesses across the food and agriculture sector to help them transition towards a net-zero economy,” said Alexander Burr, ESG Policy Lead at Legal & General Investment Management.

Source: Reuters

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