FDF Sustainability Convention, London
November 23, 2016
This year’s FDF sustainability convention looked at the food security and business risks from climate change, how companies can tackle the challenges collaboratively and drive new opportunities as well as the key security and sourcing issues for the future such as natural capital.
The most recurring theme throughout each workshop and panel discussion was the need for collaboration to move the sustainability agenda forward. This is particularly relevant for Origin Green as relationships with UK partners go through a time of transition and uncertainty in the shadow of Brexit.
A number of takeaways from the convention are laid out below.
#1 Managing Commodity Risk in the Supply Chain
The first step towards managing commodity risk is to prioritise which issues need to be addressed first in the context of your own business.
There are three main risk factors: Security of Supply, Price and Brand
The most common question is ‘Who is going to pay for and manage risk mitigation in commodity supply chains?’
#2 Integrating the UN Sustainable Development Goals into your Business Model
DNV.GL have undertaken a future analysis towards 2050 entitled: The Future of Spaceship Earth
The report outlines the most likely 2050 scenarios under each of the 17 SDGs
#3 Natural Capital and Implications for the Food and Drink Industry
Natural Capital can be defined as the world’s stocks of natural assets which include geology, soil, air, water and all living things.
The Natural Capital Protocol was designed by the Natural Capital Coalition. It is a framework designed to help generate trusted, credible, and actionable information for business managers to inform decisions.
#4 Nestlé: Investing in Natural Capital
Anna Turrell, Senior Public Affairs Manager, Sustainability for Nestlé UK & Ireland, delivered a presentation focusing on specific metrics around the operationalisation of the Nestlé Natural Capital Protocol
As the world’s largest food manufacturer – Nestlé has huge influence on our natural resources. Nestlé has been working on a ‘joined up’ approach to their Natural Capital Strategy
– Informing (building the evidence base)
– Influencing (testing, researching and proving new concepts)
– Having an Impact (application on the ground)
#5 Case Study: Wyke Farms – Branding Sustainability
Richard Clothier, MD of Wyke Farms, delivered a presentation on how he has integrated sustainable practices into his business. When commenting on the challenges of engaging with sustainability, he remarked: “Integrating sustainability and not losing competitiveness is the biggest challenge for business over the short and medium term.”
Branding Sustainability: Wyke Farms 100% Green is an internally and externally branded mandate signed off at leadership level. The sustainability initiative serves as a reminder of the challenges faced by the business and the journey it will have to commit to in order to achieve true sustainability. Their 100% Green logo is currently printed on pack.