Is F&B Sector Mindful of Sustainability? Sustainability has become a growing trend in the food and beverage (F&B) industry right now. The need for sustainability has turned critical in the food business. Not only is the F&B industry at risk from climate change, the food system is also a major contributor to climate change in terms of greenhouse gas emissions. A sustainability strategy is crucial for F&B companies, to maintain business continuity and remain competitive into the future. All segments across the F&B sector be it packaging, production, sourcing, turning vegan or reducing food wastage, are moving in this direction. Sustainability is no longer perceived merely as an aspect of corporate social responsibility, instead it has taken on a critical function of the business, influencing prioritisation of investments.
Is F&B Sector Mindful of Sustainability? Sustainability has become a growing trend in the food and beverage (F&B) industry right now. The need for sustainability has turned critical in the food business. Not only is the F&B industry at risk from climate change, the food system is also a major contributor to climate change in terms of greenhouse gas emissions. A sustainability strategy is crucial for F&B companies, to maintain business continuity and remain competitive into the future. All segments across the F&B sector be it packaging, production, sourcing, turning vegan or reducing food wastage, are moving in this direction. Sustainability is no longer perceived merely as an aspect of corporate social responsibility, instead it has taken on a critical function of the business, influencing prioritisation of investments.
Keywords: F&B) industry,sustainability
RNI TC No.: MAHENG14627 RNI NO.: KARENG/2013/54271 Date of Publication: 30.8.2022 Date of Posting: 1.9.2022