According to the Food and Agriculture Organization, globally, around 14% of food produced is lost between harvest and retail, while 17% percent of global food production is wasted. On the 29th of September, the UN is observing The International Day of Awareness of Food Loss and Waste and calls to action both the public and private sector to create more resilient food systems.
Food loss and waste undermine the sustainability of our food systems, negatively impacting food security and food availability, and contributing to increasing the cost of food. It has a direct impact on the SDGs, most notably SDG2: zero hunger and SDG13, climate action.
The FAO reckons that increasing the efficiency of our food systems and reducing food loss and waste, requires further investment in innovation, technologies and infrastructure.
This month, we have the pleasure of hearing from an expert on sustainable growth, development finance and agriculture, Dr. Jennifer Blanke, who has served as Chief Economist of the World Economic Forum as well as Vice President of the African Development Bank. She shared her thoughts on the role of the financial sector in reducing food loss and waste, particularly in developing countries.