Bridges Sustainable Growth Fund III
Date of Initial Investment
Tim Kelly – Executive Chairman
David Jonas – Founder
Will Matier – Managing Director
James Melville-Jackson – COO
Challenge: The world is faced with serious environmental challenges posed by high-meat diets. Livestock production now accounts for more than 14% of all global greenhouse gas (GHG) emissions. Research by Chatham House has indicated that global GHG reduction targets will be unattainable without a substantial decrease in our meat and dairy consumption.
Investable Solution: Plant-based proteins, by contrast, are considerably less resource-intensive in comparison to meat products. They are also increasingly popular with health-conscious consumers, not least because they have been linked to a reduced risk of diabetes, heart disease and cancer.
Vegetarian Express is the UK’s leading supplier of specialist plant-based ingredients to the food service industry, with an unmatched range of over 1,000 products (including tofu, tempeh, quinoa, nuts, spices, pulses etc.) and unrivalled sourcing capabilities. It has a strong service culture, working closely with chefs to develop new menu ideas, and its ingredients are already consumed across 2,500 catering locations in the UK, which collectively serve over 1 million diners.
Outcomes: A reduction in greenhouse gas emission levels in the UK. Systemic impact through wider consumer adoption of lower meat, sustainable diets. ESG opportunities in sourcing, supply chain and logistics.
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