Building a food secure future
A third of the world's food is lost or wasted each year. This is enough to feed three billion people – which is more than three times the number of hungry people in the world. Yet, one in nine people still go hungry today.
From an environmental perspective, food wastage amounts to almost a tenth of global greenhouse gas emissions, making it the third largest emitting ‘country’ in the world, or almost equivalent to global road transport emissions.
As the world’s population expands and environmental pressures increase, the global food waste crisis becomes more dire day by day, exacerbated by the Covid-19 pandemic. Supply chains have been upended; farmers are unable to sell or transport their fresh produce, or even harvest them. Massive amounts of food end up dumped at the production level. At the same time, up to 265 million people around the world are suffering from food insecurity and face possible starvation.
As a purpose-driven bank, we seek to create value for the long term by managing our business and working with our customers and partners in a balanced and responsible way. We need to change the way we view consumption and production to do more and better with less. Together, we can build a more sustainable future for our children and the generations to come.