Register
 (photo: Charles Deluvio)
01.10.2019, 09:10

From Farm to Fork

Catering, EMEA, Service Provider News
Sodexo is the first global food services company to connect its corporate financing to food waste reduction targets, following a pledge by CEO Denis Machuel at the annual meeting of Champions 12.3 coalition partners which supports UN efforts to reduce food loss and waste.

 

The move which introduces a pricing adjustment to the group's €1.3 billion revolving credit facility (RCF) based on progress it is making towards realising a goal to reduce food waste by 50 per cent by 2025, follows the May launch of Sodexo's data-driven WasteWatch food waste prevention programme in conjunction with third-party auditor Leanpath at 3,000 sites worldwide.

 

Sodexo's latest RCF is being provided by BNP Paribas (who are acting as coordinator and documentation agent), Société Générale (acting as Coordinator and facility Agent), Banco Santander, Citibank,CM-CIC, HSBC, ING, Natixis and Wells Fargo, and replaces a €1.2bn facility agreed in July 2015.



Addressing the Champions 12.3 event which took place following the 74th session of the UN General Assembly, Denis Machuel, said:

"1.3 billion metric tonnes of food, a third of the food produced annually, is wasted or lost globally. This is unacceptable both from an environmental and a business perspective.

 

"Together with our suppliers, clients and consumers, we will do our part by preventing 50 per cent of the 117 thousand metric tonnes of food wasted or lost annually within our collective reach.

 

"We want to send a clear signal to all our stakeholders that as a company who strives to improve quality of life, Sodexo is accountable at all levels, including in its financing, for preventing food waste from farm to fork."

 

 

 

 

 

 

 

Article rating:

vote data

Leave a reply

Rushmore Primary School. (photo: )
Delta Security  - 12.02.2019, 08:07

Delta Secures a Local Primary School

UK high-security specialist Delta Security has installed a sophisticated 1080p HD CCTV system at the Rushmore Primary School in Hackney.

The Bridges Shopping Centre in Sunderland. (photo: Bowman Riley Architects)
FM Editor  - 15.04.2019, 10:47

OCS Achieves Success at Revo ACE Awards

OCS UK has been named "Top Scoring Service Supplier 2019" at this year's Revo ACE Awards which celebrate retail destinations and people that deliver a consistently positive experience for customers.

 (photo: )
FM Editor  - 01.05.2019, 09:05

Future-Orienting Building Systems

A new BACnet/IP automation station from Sauter interfaces with common field bus protocols, the IoT and Cloud storage solutions to facilitate the control of critical building systems.

 (photo: )
FM Editor  - 15.03.2019, 08:10

International Property Award for APAC House

Sodexo's APAC House regional headquarters building in Singapore has won an award in the Office Category of the 2019 International Property Awards.

 (photo: )
FM Editor  - 17.10.2019, 16:31

100 Most Influential Women in Engineering

Jo Davis, Group HR Director at Mitie, has been included in the top "100 Most Influential Women in the Engineering Sector" list published by board appointments firm, Inclusive Boards and the...

 (photo: Workplace Strategies)
FM Editor  - 17.10.2019, 16:03

Ecolab "Reviewing" UK Competition Authority Decision

Ecolab has announced it is reviewing the decision of the United Kingdom's Competition and Markets Authority (CMA) to oppose its 2018 acquisition of Holchem on anti-competitive grounds.

 (photo: Tim Gouw)
FM Editor  - 17.10.2019, 15:08

The Role of HR is Changing

A recent study by eProcurement specialists Wax Digital has revealed over 40 per cent of HR professionals have experienced changes in their job because of digital transformation.

 (photo: )
FM Editor  - 17.10.2019, 14:38

Marine Grade Mechanical Locks

Codelocks has completed its CL500 range of mechanical lock range with the launch of the CL510 and CL515 Mortice Latch Black Marine Grade models which are suitable for outdoor and coastal applications.