Invested through
  • Triodos Global Equities Impact Fund
  • Triodos Impact Mixed Fund - Defensive
  • Triodos Impact Mixed Fund - Neutral
  • Triodos Impact Mixed Fund - Offensive
  • Triodos Euro Bond Impact Fund
  • Triodos Multi Impact Fund
  • Triodos Future Generations Fund
  • Triodos Impact Strategy Fund - Defensive
  • Triodos Impact Strategy Fund - Balanced
  • Triodos Impact Strategy Fund - Offensive
  • Triodos Impact Strategy Fund - Dynamic
Asset ClassesListed equity & Corporate bonds
Impact strategyImpact Equities and Bonds
ISIN codeXS2042667944
Industry groupFood, Beverage & Tobacco
Aligned with SDGs
  • Zero Hunger
  • Good health and well-being

Kerry manufactures and sells ingredients and flavours for the food, beverage and pharmaceutical industries, as well as customer‐branded foods for retailers. The company operates in two business segments: Taste & Nutrition and Consumer Foods, with the former contributing 82% to revenue. Kerry is mainly a business to business solutions provider regarding taste, nutrition, and functional ingredients to food, beverage and pharmaceutical markets.

Kerry is globally active and mainly derives its revenue from the Americas (44% of revenue), followed by Europe (38% of revenue) and Asia, Pacific and the Middle East (18% of revenue). The company was founded in 1974 as a dairy co-operative.

Investment rationale

Ranked in the top 5% of companies who are transforming our food system by the World Benchmarking Alliance, Kerry is market leader in ingredients used in plant-based alternatives for meat. In doing so, it makes an important contribution to the transition of our diet away from meat and more towards plant-based products. As meat products have larger carbon footprint per calorie than grain or vegetable products, this is an important contribution to countering climate change.

Kerry's ingredients help to reduce food waste, which is important for a more balanced agriculture system as well. Kerry is targeting a 50% reduction in its food waste by 2030.