Retailer Prevents 9,000 Tonnes of Food Waste with ‘Too Good to Waste’ Boxes
- 43% reduction in food waste since 2016
- 9,000 tonnes of food waste prevented through ‘Too Good to Waste’ boxes
- 95% recyclable, reusable, renewable or refillable own-brand packaging
- 29% reduction in plastic packaging since 2017
- Partnership with Prevented Ocean Plastic to stop 15 million plastic bottles from ocean
- 45% of British fruit and veg suppliers LEAF Marque certified, aiming for 100% by end of 2023
Lidl has significantly reduced its food waste by 43% since 2016, according to the retailer’s fourth ‘Good Food’ report. The company is on track to achieve its target of a 50% reduction in food waste by 2030. Last year, Lidl prevented nearly 9,000 tonnes of food waste through the sale of 1.7 million ‘Too Good to Waste’ boxes. In addition to reducing food waste, Lidl has focused on other forms of waste reduction, with 95% of its own-brand packaging being recyclable, reusable, renewable or refillable. This includes loose produce and compostable fruit and veg bags for home use as well as new recyclable mushroom packaging. Since 2017, Lidl has cut plastic packaging across its own-brand ranges by 29%. The retailer also partners with Prevented Ocean Plastic to stop the equivalent of 15 million plastic bottles from entering the ocean. Currently, 45% of its British fruit and veg suppliers are LEAF Marque certified for sustainable farming practices, aiming to reach 100% by the end of 2023.
Factuality Level: 10
Factuality Justification: The article provides accurate information about Lidl’s progress in reducing food waste, packaging reduction, and sustainable practices, with quotes from a senior CSR manager supporting the claims.
Noise Level: 2
Noise Justification: The article provides relevant information about Lidl’s efforts to reduce food waste and packaging, as well as their progress towards sustainable practices. It also includes specific numbers and targets for future goals. The content is focused on the topic and supports its claims with data.
Financial Relevance: Yes
Financial Markets Impacted: Lidl’s sustainability efforts impact its brand reputation and potentially attracts customers, which can affect its sales and stock value.
Financial Rating Justification: The article discusses Lidl’s progress in reducing food waste and plastic packaging, as well as its partnership with sustainable suppliers. These actions can positively impact the company’s image and potentially increase customer loyalty, leading to increased sales and stock value.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no extreme event mentioned in the article.
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