Addressing climate change and instituting eco-friendly business practices are increasingly important to today's consumers. It is not only essential for food to be natural and sustainable, but for the company as a whole to implement environmental initiatives. Analysts at Mintel predict this interest in "green" business won't dissolve in the coming years, either, stating, "eco is the new reality," and noting "drought, worries about food waste and other natural phenomena not only affect the worldwide food and drink supply, but influence preparation and production."
To address some of these issues, the White House created the American Business Act on Climate Pledge. Businesses that sign on to the pledge, agree to achieve a list of goals and make climate change a priority. Some of the goals include:
Eighty-one companies have already joined the agreement, including Alcoa, Cargill, Coca-Cola, General Mills, Hershey's, Kellogg's, Mars, McDonald's, Monsanto, Nestle, PepsiCo, Starbucks, Target, Unilever and Walmart. Each company also released their own specific list of commitments, such as Coca-Cola which pledges to reduce the carbon footprint of “the drink in your hand” by 25% by 2020, and Target which will increase the number of solar rooftop panels to 500 stores and distribution centers by 2020.
According to the White House fact sheet, because businesses in the public and private sectors have taken measures to reduce their footprint, President Obama set a goal of reducing greenhouse gas emissions economy-wide by 26-28% by 2025. Other countries have also reported post-2020 climate policies to the United Nations including the major economies like China, the European Union and India.
Making changes to improve the sustainability of a company can be difficult and costly, but not doing so could be far more detrimental to not only the health of the planet, but to customer retention and satisfaction. As the Climate Pledge states, "No corner of the planet and no sector of the global economy will remain unaffected by climate change in the years ahead."
While Whole Foods is gaining ground in the grocery market, it’s taking longer than expected, as the grocer has to overcome its pricey reputation, among other barriers, before seeing real impact.read more
Grocery apps are some of the fastest-growing in the U.S., according to eMarketer. In 2018, 18 million U.S. adults will use a grocery app at least once a month, up 49.6% over 2017. By 2019, the firm predicts more than one in five adult smartphone e-commerce buyers will use a grocery app to order food.read more
Jennette has been with The Food Institute since 2013. As Marketing Director, she is responsible for promoting all Food Institute books, seminars and webinars, as well as writing and editing the Food Institute’s annual publications, such as Food Business Mergers & Acquisitions, The Food Industry Review and The Almanac of the Canning, Freezing, Preserving Industries. Additionally, she writes for and edits the daily news update, Today in Food, and contributes to the weekly Food Institute Report. She has a background in non-profit and environmental marketing, programming and writing, and graduated from Rowan University in 2012 with a degree in Communication Studies.
There are no comments, yet. Why don't you add one?
10 Mountainview Road
Upper Saddle River, NJ 07458
Food Institute reps are available to answer your questions
BECOME A MEMBER
For close to 90 years, The Food Institute has been the best "single source" for food industry executives, delivering actionable information daily via email updates, weekly through The Food Institute Report and via a comprehensive web research library. Our information gathering method is not just a "keyword search."