ReFed today made two big announcements around its continued fight against food loss and waste. The U.S.-based nonprofit has launched a $10 million fundraising campaign to support projects and initiatives that reduce waste in the supply chain. Additionally, ReFed will release an online hub for food waste data and insights next year, according to a press release sent to The Spoon.
The campaign is meant to support initiatives across the entire food supply chain that help to reduce food loss and waste. Crown Family Philanthropies, the Fink Family Foundation, The Kroger Co. Zero Hunger | Zero Waste Foundation, the Posner Foundation of Pittsburgh, and Wiancko Charitable Foundation are already involved and have helped to raise $3 million so far. The Robert W. Wilson Charitable Trust has made a matching grant.
Additionally, the campaign is part of an ongoing effort to aid in the goal of the United Nations, the USDA, and the U.S. EPA to reduce food waste by 50 percent by 2030. As we discussed in a recent Spoon Plus report on food waste innovation, many companies and solutions exist in the space, but a great many more are needed in order to “make food waste less possible” for producers, retailers, and consumers alike.
Also supporting the 2030 goal is ReFed’s forthcoming Insights Engine, an online hub for both data and insights around the global food waste problem. Some features will include in-depth analyses on existing food waste solutions, a directory of these existing solutions and companies, a calculator that shows food waste’s impact on both the environment and food insecurity, and financial analysis that will help direct the private and philanthropic capital needed to fund new solutions.
Alongside the Insights Engine, ReFed will release its Roadmap to 2030, which the organization says will serve as its guide for the next decade around the actions it and other players in the food system take to strengthen the fight against food waste.
The U.S. 2030 Food Loss and Waste Reduction Goal was launched back in 2015 by the USDA and the EPA as a companion to the UN’s Target 12.3. Over the five years since, we have seen the number of companies working to fight food waste grow, particularly around waste at consumer-facing levels (grocery, household, etc.). Even so, 40 percent of the world’s food continues to be wasted, resulting in 3.3 billion tons of CO2 equivalent of greenhouse gases and economic losses of about $750 billion annually.
ReFed said today the $10 million campaign will help make a significant reduction in the amount of food being wasted each year. Meanwhile, Insights Engine is expected to be released in early 2021.