In September 2016, countries came together at the UN General Assembly and declared antimicrobial resistance (AMR) a global health threat. The food industry continues to be the largest consumer of antibiotics globally – and is a leading contributor to rising AMR. Antibiotic resistance is a clear material risk for food companies, and consequently for portfolios with an overweight exposure to this industry This report demonstrates how investors are stepping up to manage these risks and the progress on this issue from the corporate and policy communities.