Published Date : Mar 23, 2016
A number of food retailers in the UK have partnered to conserve resources across the food and beverages supply chain around the globe. Last week, a pioneering pledge was made so as the curb the resource intensity of the food and beverages industry in the United Kingdom to one fifth of its current state by 2025. This could result in savings amounting to as much as GBP 20 billion by this time.
Key Focus Areas of Courtauld Commitment 2025
The coming together of almost all prominent food retailers in the region is overseen by the Courtauld Commitment 2025. Apart from food retailers, there will be a number of other entities such as branded manufacturers, trade bodies, foodservice companies, and local authorities who will be becoming a part of the pledge. The pure magnitude of participation has driven many people within the food and beverages industry to term it as the biggest cross supply chain agreement across the globe. The ultimate goal of this agreement is to minimize the impact of the country’s food and beverages industry on the environment. As part of this commitment, it has been agreed upon by signatories to work towards a 20 per cent cut in the present level of food wastage in the country. A 20 per cent reduction in the intensity of greenhouse gases in the consumed food and beverages products within the United Kingdom has also been agreed upon by the stakeholders. Apart from this, the commitment will also focus on the optimum use of water across the supply chain in the industry.
The Worldwide Responsible Accredited Production (WRAP) states that an estimated GBP 4 billion will be collected by food and beverage companies in terms of business savings if the commitment is put into action.