| Invested through |
|
|---|---|
| Asset Classes | Listed equity |
| Impact strategy | Impact Equities and Bonds |
| Bloomberg ticker | NOMD US |
| ISIN code | VGG6564A1057 |
| Industry group | Food, Beverage & Tobacco |
| Aligned with SDGs |
Nomad Foods is a frozen food company headquartered in the UK. The company manufactures, sells and distributes a range of branded frozen food products across 13 European countries. Its five largest markets are the UK, Italy, Germany, Sweden, and France. Its customers comprise supermarkets and large chain food retailers across these countries, with their most well-known brands being Birds Eye, Findus, Aunt Bessie’s, Goodfella's and Iglo.
Nomad Foods' product portfolio encompasses frozen fish products (both processed and natural), vegetables, fruits, ready to eat meals, poultry, meat products, and bakery goods. In 2019, the company launched its "Green Cuisine" initiative, which aims at promoting plant-based diets. The company itself founded in 2015, Nomad's brands are household names with long histories and local heritage in their respective markets.
Investment rationale
A healthy diet is essential for good health and nutrition and one important step in ensuring this is by increasing access to affordable, nutritious food. Nomad Foods' positive impact stems from accessibility and affordability of fresh produce, less waste, nutrients preservation and environmental benefits.
Accessibility and affordability: Providing healthy produce more conveniently helps and encourages customers to make healthier meal choices. Also, freezing produce may facilitate access to certain foods that are not normally available due to seasonality and/or geography. Frozen products may also be cost efficient and even more affordable in certain countries due to limited supply of the fresh alternatives.
Less waste and nutrients conservation: Freezing delays spoilage and extends shelf life. Frozen foods also retain their vitamins and minerals and preserve them for longer periods in comparison to fresh foods.
Environmental benefits: Through its plant-based protein diet offering, Nomad Foods contributes to the reduction of environmental and animal welfare problems associated with the meat industry.