The problem of waste in the consumer goods sector is twofold. On the one hand, some products are thrown away for various reasons, and on the other, waste is produced during packaging. FMCG companies have been producing an increasing amount of waste and single-use plastic.
Companies need to be more mindful of the waste generated throughout their value chain. Companies like Procter & Gamble and Dabur India recently announced that they have achieved 'plastic waste neutrality’ by recycling a big chunk of their post-consumer plastic packaging waste. To be environmentally sustainable and increase consumer awareness, companies have been under pressure to manage waste. Being responsible for the environment helps companies attract new customers as consumers prefer to do business with companies that share their values.
Associated British Foods Plc (ABF), a subsidiary of Wittington Investments Ltd, is a diversified food processing and retail group. The company's major businesses include sugar, ingredients, grocery, agriculture, and retail. It also offers hot beverages, sugar and sweeteners, vegetable oils, bread and baked goods, cereals, herbs and spices, ethnic foods, and meat products.
The waste generated by Associated British Foods in 2021 was 571 thousand tonnes which decreased by 2% over 2020. The company recycled 450 thousand tonnes in 2021 which is 79% of the total waste generated. Associated British Foods disposed of 121 thousand tonnes of waste to landfills in 2021, an increase of around 32% over 2020.
The company’s sugar business generated 55.7% of the total waste in 2021, followed by the grocery (16.8%), ingredients (16.3%) and retail (10%).
Associated British Foods aims by 2025 to have 100% of its plastic packaging to be recyclable, reusable, or compostable. The other businesses have also made commitments such as Primark aims to eliminate all single-use from the business by 2027, change the way clothes are made to ensure they are recyclable by design by 2027, and by 2030 that they are all made from recycled fibers or more sustainably sourced materials.
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