Supermarket Giant Asda Joins Forces with FareShare to Combat Food Waste

  • Asda donates £1.4m to set up the ‘All Good Food Fund’ with FareShare
  • Project aims to provide 10 million meals to UK charities
  • Suppliers can apply for funding to cover additional costs like labour and transport
  • Surplus food such as fruit, vegetables, eggs, bread, fresh, frozen, ambient, and chilled food will be redistributed
  • FareShare has a network of 10,500 charities across the UK
  • Asda’s Kloe Tegg: ‘helping people in local communities’
  • FareShare CEO Lindsay Boswell: ‘instrumental in making sure companies can divert surplus to frontline charities’

Asda has launched the ‘All Good Food Fund’ in partnership with FareShare, a project aimed at donating 10 million meals to charities across the UK. The fund will enable suppliers to apply for funding to cover additional costs like labour and transport. This initiative allows surplus food items such as fruit, vegetables, eggs, bread, fresh, frozen, ambient, and chilled products that couldn’t be sold in stores to be redistributed through FareShare’s network of 10,500 charities nationwide. Asda’s Kloe Tegg emphasizes their commitment to reducing food waste and supporting local communities. FareShare CEO Lindsay Boswell expresses gratitude for the partnership, stating that the funding will help businesses efficiently divert surplus food to those in need.

Factuality Level: 10
Factuality Justification: The article provides accurate and objective information about Asda’s donation to set up the ‘All Good Food Fund’, its purpose, and the benefits it brings to both suppliers and charities. It also includes quotes from relevant sources that support the topic.
Noise Level: 2
Noise Justification: The article provides relevant information about Asda’s donation and the establishment of the All Good Food Fund, which aims to reduce food waste and help charities. It also includes quotes from key figures involved in the project. However, it lacks analysis or exploration of broader implications and does not offer actionable insights beyond the specific initiative.
Financial Relevance: Yes
Financial Markets Impacted: Asda and its suppliers
Financial Rating Justification: The article discusses Asda’s donation of £1.4m to set up the ‘All Good Food Fund’, which will impact their financial situation as well as potentially affecting the finances of their suppliers who can apply for funding to help pay for additional costs related to redistributing surplus food. This has implications on both companies and may have a ripple effect in the food industry.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no mention of an extreme event in the last 48 hours.

Reported publicly: www.retailsector.co.uk