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CHEFS 4 THE PLANET

THE GLOBAL INFORMATION AND SOLUTIONS NETWORK FOR SUSTAINABLE GASTRONOMY

THE GLOBAL INFORMATION AND SOLUTIONS NETWORK FOR SUSTAINABLE GASTRONOMY

Oatly’s IPO Is Bringing More Investment to Vegan, Planet-Friendly ESG Stock

After much speculation, Swedish oat drink company, Oatly, is set to launch its IPO this week on the NASDAQ according to papers filed with the SEC. With a potential valuation of around $10 billion, Oatly is poised to push ESG stocks back into the spotlight.

ESG, or Environmental, Social and (Corporate) Governance stocks, are those that commit to not harming the planet or humankind in the making or marketing of their products, and The New York Times just ran a business analysis called “The Big Money Is Going Vegan,” that pointed out that with food production a known to be one of the largest industrial contributors to greenhouse gas emissions,”it’s no longer enough for food to taste good and be healthy. More people want to make sure that their ketchup, cookies, or mac and cheese are not helping to melt the polar ice caps.”

The popularity of vegan or plant-based stocks such as Oatly is one reason for this oversized IPO price since Oatly is known for its commitment to sustainability and climate-friendly distribution. (Oats are one of the most sustainable products grown, and Oatly has committed to distributing their milk, oat-based icecreams and non-dairy creamers in a fleet of electric-powered trucks which will save 87 percent of carbon emissions of ordinary gas-fueled delivery vehicles.

Read the rest here: https://thebeet.com/oatlys-ipo-is-bringing-more-investment-to-vegan-planet-friendly-esg-stocks/

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