Food and Ag - Finding Sustainble Solutions Old and New

Food and Agriculture: Finding Sustainable Solutions, Old and New

By Mary Beth Gallagher, Domini Impact Investments

Mary Beth Gallagher of Domini Impact Investments.2I recently had the opportunity to sit on a panel on the importance of preserving our forests, alongside the founders of the Lenape Center and other experts. The Lenape are an Indigenous people with historical territory in what is now known as New York, New Jersey, and Pennsylvania. As a New Yorker based at an investment firm in NY, I found their reflections especially affecting. One of the Lenape Center leaders reframed our discourse on the United Nations climate goals and global deforestation risks, putting it in historical context. As land was forcibly taken from Indigenous tribes and our economy grew with roots in extraction and exploitation—of people and our natural resources—society developed systems that are fundamentally unsustainable. Just as the cause of these problems is rooted in 400 years of history, so too are some of the most powerful solutions.

An Unsustainable System

One example of this extractive model is industrial agriculture. Our global food systems have been under increasing pressure, with 2.37 billion people around the world without food or unable to eat a healthy balanced diet, a crisis exacerbated by the pandemic and again by the tragic war in Ukraine.

The predominant agricultural models are generally run by a few major players, whose monoculture crops, use of chemical fertilizers and pesticides, and long supply chains have climate impacts and often contribute to economic hardship for farmers. An estimated 23 percent of global carbon emissions are from agriculture and land use change. Climate change, water scarcity, and the degradation of biodiversity may result in the loss of seeds and arable land.

Frameworks for Change

All this amounts to a global environmental crisis. A recent UN Intergovernmental Panel on Climate Change (IPCC) report reinforced this urgency, noting that improved land stewardship and afforestation are among our greatest available tools to mitigate climate change. In October 2021, the UN recognized the right to a clean, healthy and sustainable environment as a human right. This encompasses a right to sustainably produced food free of toxins—and, further, calls for meaningful protections for environmental human rights defenders who have fought to protect their land from exploitation.

There is a powerful alternative model from the Lenape people that can be applied to many of these challenges. Over centuries, the Lenape have protected and stewarded their seeds, and they are now attempting to return seeds to their homeland, Lenapehoking. This is a demonstration of the acknowledgement of their land and cultural seed sovereignty. It is also a poignant embodiment of what regenerative and sustainable agriculture mean in practice.

Drawing Connections at Domini

Regenerative agriculture involves practices that equitably use land to address climate change, biodiversity, soil health, and the well-being of workers and local economies. In 2019, Domini launched its Forest Project, focusing on the systemic importance of forests to environmental systems, businesses, and investments. We recently drew more explicit connections between our forest work and our sustainable agriculture work, recognizing the relevance of our expectations across all. Deforestation and large-scale agriculture plantations result in similar conversion of land, from old growth forests or wild mixed-use purposes, to a single monoculture crop. From a climate perspective, this reduces climate resilience and carbon sequestration benefits. It also erodes soil health and contributes to biodiversity loss. The importance of equity around land rights, food sovereignty, and the rights to self-determination are similarly fundamental.

How We Analyze Companies

At Domini, as an investor in public equities and fixed income portfolios, we look to be additive in addressing key sustainability challenges through our investments and engagements. Specifically for forests, we identify our direct and indirect impacts, encourage a forest positive system, and collaborate with partners and investors to elevate this work. This manifests through the refinement of our industry specific key performance indicators (KPIs) that our research analysts use to evaluate companies for investment. It also informs our expectations of companies that we advance through engagement and leads us to advocate for strong public policy.
Domini Forest Project triad
At Domini, we are encouraged as more companies recognize the importance of their agricultural inputs and land use in meeting global “net-zero” climate commitments. Many are setting science-based emissions reduction targets, which include their supply chain, often adopting regenerative agriculture commitments.

At this stage, expectations are still emerging, so we are meeting with companies we invest in to better understand the scope of their commitments. For example, we ask about the percentage of their supply chain covered, which regenerative practices are deployed, and how equity and justice are incorporated. Meeting these commitments generally requires actions from suppliers. To understand the depth and quality of companies’ supplier engagement, we ask about how Indigenous and local communities are consulted in designing new models, and the technical assistance and incentives to help farmers adopt regenerative practices. And as this continues to evolve, we’ll encourage companies to be transparent about their methodology and impact measurement. All of these changes should be reflected in companies’ long-term business planning and capital expenditures, including investments in innovation. 

Learning from the past and looking ahead

The scope of Domini’s engagement and investment goes beyond traditional food and beverage companies. We look favorably on innovative new models of agriculture, often investing in companies that advance state-of-the-art technology and use practices that will benefit ecosystem and business outcomes in the long term. For example, we invest in a U.S. farming company that uses non-GMO seeds, integrated pest management, and chemical-free agricultural practices that result in significant reductions in energy and water use. We appreciate the similarity of this new innovative solution with what Indigenous communities have long known and incorporated in their stewardship practices.

Our future calls on us to collectively identify and scale such solutions, while respecting the rights of Indigenous communities, honoring their cultural traditions, and following their lead. The Lenape diaspora and other Indigenous leaders have practices of cultural and ecosystem regeneration unique to their communities and land. We encourage companies to make their business models more resilient and equitable—by building relationships with Indigenous and local communities and learning the unique lessons that they offer.


Article by Mary Beth Gallagher, Director of Engagement at Domini Impact Investments LLC. Ms. Gallagher, an attorney and former Executive Director of a non-profit organization representing institutional investors, has been advancing social justice and human rights issues for most of her professional career.

Ms. Gallagher is responsible for leading Domini’s engagement efforts with portfolio companies, broader stakeholder groups and policy makers, as well as developing initiatives and campaigns in areas such as worker’s rights in the supply chain, climate change mitigation, deforestation, health, and racial justice. In Domini’s work to advance ecological sustainability, Ms. Gallagher encourages companies to adopt policies and practices that advance the low-carbon transition, also in alignment with the needs of workers and community stakeholders. Forests are an important aspect of the discussion on climate resilience. Domini’s forest project is committed to understanding the drivers of forest destruction, biodiversity loss, and the impacts on the rights of Indigenous peoples, and addressing this through our investment decisions, and engagement efforts, to further forest value creators.

Prior to joining Domini in 2021, she was the Executive Director of the non-profit organization Investor Advocates for Social Justice. In this role, she represented institutional investors in stewardship and shareholder advocacy with corporations to encourage more disclosure and responsible business practices to advance systemic change. Ms. Gallagher holds a B.S. in environmental science from Boston College and a J.D. from the Washington College of Law at American University. She is a Member of the New York Bar, admitted in 2009. She was a Peace Corps Volunteer in Benin, West Africa.


Before investing, consider each Fund’s investment objectives, risks, charges and expenses. Contact us at 1.800.225.3863 for a prospectus containing this and other important information. Read it carefully.

An investment in the Domini Funds is not a bank deposit, is not insured, and is subject to certain risks, including loss of principal. The market value of Fund investments will fluctuate. You may lose money. The Domini Impact Equity Fund is subject to certain risks including impact investing, portfolio management, information, market, recent events, and mid- to large cap companies risks. The Domini International Opportunities Fund is subject to certain risks including foreign investing, geographic focus, country, currency, impact investing, and portfolio management risks. The Domini Sustainable Solutions Fund is subject to certain risks including sustainable investing, portfolio management, information, market, recent events, mid- to large-cap companies and small-cap companies risks. The Domini Impact International Equity Fund is subject to certain risks including foreign investing, emerging markets, geographic focus, country, currency, impact investing, and portfolio management risks. Investing internationally involves special risks, such as currency fluctuations, social and economic instability, differing securities regulations and accounting standards, limited public information, possible changes in taxation, and periods of illiquidity. These risks may be heightened in connection with investments in emerging market countries. The Domini Impact Bond Fund is subject to certain risks including impact investing, portfolio management, style, information, market, recent events, interest rate and credit risks.

The Adviser’s evaluation of environmental and social factors in its investment selections and the timing of the Subadviser’s implementation of the Adviser’s investment selections will affect the Fund’s exposure to certain issuers, industries, sectors, regions, and countries and may impact the relative financial performance of the Fund depending on whether such investments are in or out of favor. The value of your investment may decrease if the Adviser’s or Subadviser’s judgement about Fund investments does not produce the desired results. There is a risk that information used by the Adviser to evaluate environmental and social factors, may not be readily available or complete, which could negatively impact the Adviser’s ability to evaluate such factors and Fund performance.

The Domini Funds are only offered for sale in the United States. DSIL Investment Services LLC (DSILD) distributor, Member FINRA. Domini Impact Investments LLC is the Funds’ Adviser. The Funds are subadvised by unafilliated entities. 5/22

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