Tridge's View : Global ESG Transformation in the Food Industry

Meat Substitute
Innovation & Technology
Sustainability & Environmental Impact
Bojan Mijatovic
Published Feb 10, 2024
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Global-ESG-Transformation-in-the-Food-Industry-Tridge-s-View-on-Sustainable-Practices-Vegan-Food-Plant-Based-Meat-Alternatives-Organic-Vegetable-Supply-and-Food-Waste-Reduction (1).png
Global-ESG-Transformation-in-the-Food-Industry-Tridge-s-View-on-Sustainable-Practices-Vegan-Food-Plant-Based-Meat-Alternatives-Organic-Vegetable-Supply-and-Food-Waste-Reduction (4).png
The food sector is addressing Environmental, Social, and Governance (ESG) issues through a variety of sustainability projects and practices.
Sustainable Supply Chain Management involves embracing technology, controlling water and energy usage, and eliminating food waste along the entire supply chain.
Companies integrate ESG into operations and brand image to maximize investment possibilities and mitigate risks. ESG reporting and disclosure can signify sustainable value and open up investment opportunities. Investments in sustainable practices, such as efficient water use, eco-friendly packaging, waste reduction, and plant-based products, are getting more attention due to ESG requirement compliance.
The industry is leveraging technology to improve supply chain traceability in response to increasing demand. One notable example is Farmer Connect, an innovative startup that employs blockchain technology to achieve complete traceability and transparency.
The food industry is facing increasing pressure from consumers, investors, and regulators to improve its ESG performance. Companies prioritizing ESG are more likely to attract investment and customers and are better positioned to manage risks and capitalize on opportunities. Some current trends in the food industry include reducing food waste, improving supply chain transparency, and increasing plant-based food options.

Table of contents

Key Takeaways 4

1. ESG Framework in the Food Industry 5

1.1 Understanding ESG 5

1.1.2 Environmental 5

1.1.3 Social 5

1.1.4 Governance 5

1.2 Relevance of ESG in the Food Sector 6

1.3 Current Trends and Market Dynamics 7

1.3.1 ESG Integration in Food Companies 7

1.3.2 Consumer-Driven Sustainability 7

1.3.3. Shaping Dietary Preferences: Rise of Plant-Based Alternatives 8

1.3.4 Environmental Concerns and Packaging Shift 8

2. Tridge: A Catalyst for ESG in the Food Supply Chain 9

2.1 Overview of Tridge 9

2.2 Tridge's Role in Sustainable Sourcing 10

2.2.1 Global Sourcing Platform 10

2.2.2 Transparency and Traceability 10

2.2.3 Tridge Success Stories 10

2.3 Tridge's Business Solutions: Addressing Challenges and Driving Success - Moguchon Success Story 11

2.3.1 Tailored Agricultural Data Solutions 11

2.3.2 Strategic Decision-Making Support 11

2.3.3 Financial Understanding through PnL Analysis 11

2.3.4 Historical Solutions and Current Affairs 11

2.3.5 Unique Characteristics and Account Personalization 12

2.3.6 The Power of Account-Based Selling 12

2.4 Impact on Plant-Based Food Market 13

2.5 Contribution to Plant-Based Meat Alternatives 14

2.6 Organic Vegetable Supply Chain Enhancement 15

2.7 Initiatives for Reducing Food Waste 16

3. Certifications and Transparency 17

3.1 Importance of Certifications in ESG 17

3.2 Transparency Initiatives in the Supply Chain 18

4. Market Trends and Opportunities 19

4.1 Growing Demand for Vegan and Plant-Based Products 19

4.2 Emerging Markets for Organic Vegetables 20

4.3 Business Opportunities in Food Waste Reduction 21

5. Challenges and Mitigation Strategies of Implementing ESG 22

5.1 Industry Challenges 22

6. Transformative Initiatives in Agricultural Sustainability 23

6.1 Successful Implementation of ESG Initiatives 23

6.2 Real-world Examples of Impactful Change 24

6.3 Evolving ESG Trends in the Food Industry 25

6.4 Tridge's Future Contributions and Innovations 26

Conclusion 27

About Us 29

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