Barings partner with EP to focus on the importance of how Food Service can play a leadership role in corporate wellness, sustainability and a Circular Food Economy.
Barings, the leading global investment firm, are to partner with EP in their Fuelling Productivity campaign but with an emphasis on focusing on two core pillars:
- How food service can play an active role in improving corporate wellness
- The need for a move towards a Circular Food Economy.
Barings are passionate about creating a positive environment for their employees but also sustainability with the wider community.
This is about raising the bar in food and creating a real long lasting difference in society and for people.
The Circular Food Economy
The linear food system is ripe for disruption. For every dollar spent on food, society pays two dollars in health, environmental, and economic costs. With 80% of all food expected to be consumed in cities by 2050, businesses, public bodies, organisations, institutions, and the people located within them hold the power to revolutionise our food system.
Cities can transform from black holes sucking in food, energy, and other resources to engines of a regenerative food system and bioeconomy. The transition to a circular economy will see production which regenerates rather than harms the natural systems upon which it relies, food waste designed out, and food by-products used at their highest values.
If the following three aims can be achieved in cities, it would generate annual benefits worth £2 trillion by 2050.
- Source food grown regeneratively, and locally where appropriate
Food comes from natural systems which are inherently regenerative. Replicating these practices will improve the overall health of local ecosystems, diversify the food supply to increase resilience, reduce packaging needs, and shorten supply chains. Urban and peri-urban farming will see connections strengthened with food and the farmers who grow it.
- Make the most of food
Cities play a crucial role in keeping food at its highest value and eliminating waste. They can become hubs for the redistribution of surplus foods and a thriving bioeconomy where food by-products are transformed into organic fertilisers, biomaterials, medicines, and bioenergy.
- Design and market healthier food products
There are no healthy food choices in an unhealthy food system. We can change food design and marketing to reshape our preferences and habits. This will ensure that healthy products become easily accessible, while valuable nutrients circulate back to the soil safely.
These are important areas of discussion that affect employees, society and communities all across the country.