News | Industry events More efficient food systems will help
Food industry can help cut global emissions
Studies suggest that the food system is responsible for about a third of global greenhouse gas (GHG) emissions, including up to 10% from wasted food. The report “A Food Industry Reset Can
Cut At Least 10% Of Global Emissions,” by S&P Global Ratings says it believes agribusinesses can strengthen the food production and supply chain through closer collaboration at every stage, both downstream and upstream.
eliminate food loss and waste while reducing the impact on the environment, especially since about 14% of the world’s food is lost before reaching supermarket shelves. Food supply disruptions, especially over the past two years due to the pandemic and extreme weather, have brought this issue further into the spotlight. There are meaningful gains to be had, for example by companies expanding into advanced food ingredient technologies to improve product shelf life, or by integrating transport with processing and sales. “Some companies are already rethinking
their long-term strategies, putting greater emphasis on managing environmental and social risks,” said S&P Global Ratings credit analyst Anna Overton. “We believe they stand to achieve a competitive advantage using this approach. The big question is whether they can do enough to have a visible impact on food-related emissions by 2030, the target of the UN’s Sustainable Goal 12.3 of halving per capita food waste.”
Mondelēz International commits to 2050 Net Zero emissions target
Mondelēz International has announced it is committing to a 2050 target of Net Zero greenhouse gas emissions across its full value chain. As part of its commitment, Mondelēz has signed the Science Based Targets Initiative’s Business Ambition for 1.5°C, aligning its long-term emissions
mitigation targets with the ambitious aim of limiting temperature rise in accordance with the Paris Agreement. Mondelēz has also joined the United Nations Race to Zero Campaign to help build
momentum towards a decarbonised economy. These commitments mark a bold step forward in Mondelēz International’s differentiated approach to sustainability that is helping drive lasting progress at scale and create long-term value for the business and its stakeholders. “For the last several years, we’ve worked with the Science Based Targets initiative to
reduce our emissions footprint and our announcement today will help accelerate our existing efforts to create a more sustainable snacking company,” said Dirk Van de Put, chairman and chief executive. “We’re transforming how we do business across our operations and with the suppliers and farmers we work with – from seeking to improve cocoa farming practices in West Africa to promoting regenerative agriculture in wheat fields in the Midwest United States.” This new commitment builds on the company’s existing science-based targets set in
2020 developed to contribute to combatting climate change. Over the next two years, the company will lay out a time-bound plan including interim targets for its key emissions sources consistent with the 1.5°C protocol and will provide annual progress reviews for transparency as laid out by the Science Based Target initiative.
10 |
vendinginternational-online.com
Eliminating food waste is essential for lowering GHG emissions and fostering food security. What’s more, with 80% of global primary food production coming from small farms, the U.N.’s road map for food security sees strengthening the food system’s climate resilience as an imperative. Multinational food companies are in a
good position to make efficient crop collection and processing more accessible to farmers. Global food commodity traders and processors have already emerged as leaders in upstream food system consolidation, improving their prospects for sustainable growth. This has the added advantage of widening the network for others to join. But there’s still a way to go. At the consumer-facing end of the food system, scaling up investments in ingredient technologies should usher in a more diverse range of agricultural inputs, with lower waste and higher nutritional value. “We believe food companies will likely measure their financial success in the future by benefits from the approaches they are backing today,” Ms Overton added.
VENDEX Scotland postponed to September
Due to the high Covid infection rates currently happening in Scotland, Vendex Scotland has been postponed to 14 September when organisers hope that the pandemic will be under control. The show is to be held at the DoubleTree by Hilton in Glasgow. A host of exhibitors are expected to
unveil all their latest product developments and the latest technological innovations, with a number coming to Scotland for the first time. More than 50 exhibitors have signed
up to the show, which will be the first time that vending operators in Scotland have been able to catch up with the wider industry since early 2019. Pre- show registrations show that interest is high. Big brand names attending include AG Barr, Coca-Cola, Barry Callebaut, and Mondelez on the food and drink side and Westomatic, Coffetek, H2O Direct and Nebrak on the machine and technology side. As ever, the show is free to attend and there is a free baked potato lunch.
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28
