Waste is a twofold problem in the consumer goods industry. On one side there are products disposed of for multiple reasons; on the other side, the waste is generated through packaging. There has been an increasing amount of single-use plastic and waste produced by FMCG companies.
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. Companies have been under pressure to manage waste to be environmentally sustainable and increase consumer awareness. Being responsible for the environment helps companies attract new customers as consumers prefer to do business with companies that share their values.
Campbell Soup Co (Campbell) produces and sells convenience food and beverage products. The company's product portfolio includes soups, broths, stock products, cookies, crackers, biscuits, baked products, sauces, refrigerated, and salad dressings, dips, and snacks. Campbell markets products under several brands, including Pepperidge Farm, Campbell’s, Spaghettios, Chunky, Late July, Kettle, Swanson, Emerald, Pop Secret, Cape Cod, V8, Snyder's-Lance, Snyder’s of Hanover, Pace, Prego, and GoldFish.
The waste generated by Campbell in 2021 was 171,636 tonnes, a decrease of 3.8% over 2020. The company recycled aroun 17% of the waste in 2021 which decreased by 7 percentage points over 2020. 55,033 tonnes of waste was disposed to landfills by the company, an increase of around 40% over 2020.
Campbell generated 27,466 tonnes of food waste in 2021 which decreased by 6% over 2020. The food waste generated specifically measures the food waste categories included in the company’s goal.
The company aims to reduce the amount of waste sent to landfills by 25% on an absolute basis by 2025, and by 2030 to reduce food waste by 50% on an absolute basis, as compared to 2017. It also has set a target for a 100% transition of packaging to be recyclable or industrially compostable designs and materials.
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