The economic upside of reducing global food waste
Podcast episode
About the episode
More than one-third of the world’s food is lost or wasted annually at an estimated cost of US$2.6 trillion (A$4 billion), according to the Food and Agriculture Organization of the United Nations (FAO). This staggering figure includes US$700 billion (A$1 trillion) in related environmental costs and US$900 billion (A$1.4 trillion) in social costs.
Research from Boston Consulting Group indicates that, by value, food waste ranks in the top 7 per cent of global economies, in terms of GDP.
Countries that collectively represent more than 50 per cent of the world’s population are now striving to halve food waste by 2030. This effort aligns with Sustainable Development Goal 12.3 from the United Nations (UN). The goal targets postharvest food losses in production and supply chains, and food waste reduction at the retail and consumer levels.
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CPA Australia publishes four podcasts, providing commentary and thought leadership across business, finance, and accounting:
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