This is said to be first-ever set of global definitions and reporting requirements for companies to measure, report on and manage food loss and waste.
A partnership of leading international organizations, launched the Food Loss and Waste Accounting and Reporting Standard (FLW Standard), what is said to be the first-ever set of global definitions and reporting requirements for companies, countries and others to consistently and credibly measure, report on and manage food loss and waste. The standard comes as a growing number of governments, companies and other entities are making commitments to reduce food loss and waste.
“This standard is a real breakthrough. For the first time, armed with the standard, countries and companies will be able to quantify how much food is lost and wasted, where it occurs and report on it in a highly credible and consistent manner,” says Andrew Steer, president and CEO, World Resources Institute (WRI), Washington, D.C. “There’s simply no reason that so much food should be lost and wasted. Now, we have a powerful new tool that will help governments and businesses save money, protect resources and ensure more people get the food they need.”