One-third of all food produced for human consumption is lost or wasted, and it costs around $940 billion dollars each year to the global economy. Food Loss and Waste happens through the entire value chain, but it is greater nearer “the fork” in the developed regions and nearer “the farm” in developing regions. Moreover, FLW contributes around 8% of the global GHG emission which in the context of scale, would be the third largest contributor of GHG behind China and USA.
I recently participated in the Global Dialogue Series on Food Loss and Waste hosted by the UN Global Compact. The series are online discussions, informing the development of short briefs designed to support business engagement in support of food security, nutrition, and sustainable agriculture in the context of the 2030 Agenda and the Sustainable Development Goal 12.3 –Reduce per capita global Food Waste and Loss by 50% by 2030.
The invited panel for the series on FLW were stakeholders from the UN Global Compact, the Food and Agriculture Agency (FAO), and the World Resource Institute (WRI). The private sector was engaged as well with participation from Tesco, Campbell, and Danone who are leading the charge on FLW through concrete strategies and actions.
Addressing this major issue calls for more sustainable productions and consumption model. Business has a critical role to play in this regards. By being transparent, setting targets, measuring waste, prioritizing and implementing corrective actions, increasing education & awareness, and forming partnerships, businesses can have a tremendous positive impact on the elimination of Food Loss and Waste.