Putting your money where your mouth is: Accelerating investment action for healthy and sustainable food systems in Australia

Introduction: Institutional investors have considerable potential to positively contribute to shifts towards healthier, more sustainable food systems. However, food systems issues are not systematically taken into account by investors as part of environmental, social, and governance (ESG) considerations. This study aimed to identify current approaches to investment decision making regarding food systems issues and ways to facilitate increased consideration of food systems issues as part of investment decision-making in Australia. Methods: We conducted focus groups (15 participants) supplemented by in-depth interviews (19 participants) with financial sector and related civil society stakeholders. Data was thematically analysed, guided by an investment decision-making framework. Results: Participants saw opportunity to include food systems issues as part of investment decision-making processes, including screening, engagement and divestment. Greater investor action could be accelerated by a clear investment case for action; cohesive metrics and reporting; and strong advocacy and coalition building. Conclusion: Holistic incorporation of food systems issues as part of ESG considerations has substantial potential to drive positive food systems transformation.