Several companies in food grocery retail have started their sustainability efforts with a range of initiatives spanning decarbonization, packaging, assortment, and social responsibility. There are five important ways grocery retailers can become more sustainable, outlined by the Food Industry Association (FMI), which emphasizes reducing food waste. These are through increasing surplus donations, developing composting strategies, standardizing date labels, creating a waste-prevention cultures, and reducing waste within organizations.
Why is it important to have ESG?
The abbreviation ESG stands for environmental, social and corporate governance. It is a measurement that takes into account a company's social and environmental impact on the global community. It brings awareness to the different climate issues that are occurring and encourages businesses to adopt practices and policies that are better for the environment. ESG not only helps businesses by attracting a more diverse workforce to bring in new ideas, but it also helps businesses have a greater positive impact on our world.
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