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Ten of the world’s largest food brands have not only set targets to halve their food waste by 2030, but also committed to publishing the food waste data for their operations within the next 12 months.
Nearly two-thirds of the world’s 50 largest food companies now participate in programs with a food loss and waste reduction target, according to the new Champions 12.3 progress report.
Governments and organizations across Europe, Africa and the United States have taken a number of notable steps over the past year, but more is needed worldwide.
A new report assesses the world’s progress toward Target 12.3 of the sustainable development goals (SDGs), which calls on all nations to halve food waste and reduce food loss by 2030.
The types of investments companies made include quantifying and monitoring food loss and waste, training staff on practices to reduce waste, changing food storage and handling processes, changing packaging to extend shelf life, changing date labels and other staff and technology investments.
New research finds that for every $1 companies invested to reduce food loss and waste, they saved $14 in operating costs, providing concrete evidence of the clear return on investment from food loss and waste reduction.
According to the report, the U.S. government and U.S.-based organizations have taken a number of notable steps over the past year to reduce food loss and waste.
A new report assesses the world’s progress toward Target 12.3 of the Sustainable Development Goals (SDGs), which calls on all nations to halve food waste and reduce food loss by 2030.