Le billet of Monocle

Veggie Steaks and Sausages: What do we think?

01 December 2021

Beyond Meat is the American manufacturer of meat substitute products based on vegetable proteins : understand "Sliced bread without chicken".

At first glance and after spending some time on climate change - a far from simple topic - it seems logical that plant-based products are better for the environment.

Indeed, livestock farming produces a significant amount of greenhouse gas emissions that contribute to global warming. So logically, the more we gobble up Beyond Meat burgers, the more we reduce our meat consumption and the more we contribute to the fight against climate change.

Good. Now, let's look at its ESG score (without going into details, the ESG score is a score given to a company according to its environmental and social commitment and the quality of its governance).

So I type Beyond Meat on Sustainalytics*. The result leaves me perplexed: a bad rating, classified as a severe risk - worse than the big meat producers!

Am I missing something?

On their website, the company boasts that their products are better for the environment, better for health, better for this and better for that.

But the problem is that we don't have any data: Beyond Meat doesn't disclose its total amount of greenhouse gas emissions, the amount of water used for the production, the amount of waste, the effects on forests etc. So how do we know?

Not easy ESG.
Have a good week,


PS: For those who want to go deeper into the subject of global warming and energy, I recommend lJancovici's comic book "Le monde sans fin".". A fascinating, instructive and funny reading for a complex subject!


This presentation is a promotional document. The content of this document is communicated by and is the property of Monocle Asset Management. Monocle Asset Management is a portfolio management company approved by the Autorité des Marchés Financiers under number GP-20000040 and registered with the ORIAS as an insurance broker under number 10058146. No information contained in this document should be construed as having any contractual value. This document is produced for information purposes only. The prospects mentioned are subject to change and do not constitute a commitment or a guarantee. Access to the products and services presented here may be subject to restrictions for certain persons or countries. Tax treatment depends on individual circumstances. The fund mentioned in this document (Monocle Fund SICAV) is authorized for marketing in France and possibly in other countries where the law permits. Before making any investment, it is advisable to check whether the investor is legally entitled to subscribe to the fund. The risks, costs and recommended investment period of the funds presented are described in the KIDD (key investor information documents) and the prospectus, available free of charge from Monocle Asset Management and on the website. The KIDD must be given to the subscribers before the subscription. Past performances are not a reliable indicator of future performances. Monocle Asset Management cannot be held responsible for any decision taken or not taken on the basis of information contained in this document, nor for the use that could be made by a third party. The investor may lose all or part of the amount of capital invested, as the funds are not capital guaranteed.

To unsubscribe or for any information request, you can email us at monocle@monocle.lu


How to invest?

Important à savoir