Dave Lewis
Leading CEOs and ministers from around the world have become ‘champions’ of new partnership on food waste
Tesco chief executive has been named as chair of a new high-profile global campaign to reduce food waste.
The movement, named Champions 12.3, was unveiled at the World Economic Forum in Davos last week and aims to “mobilise global action” to halve per capita food waste.
Alongside Lewis, it has been signed by 30 chief executives, government ministers and other leaders, including USDA secretary Tom Vilsack, Nestle chief executive Paul Bulcke, Unliver chief executive Paul Polman and president of The Rockefeller Foundation, Judith Rodin.
Countries that have signed up include Vietnam, the Netherlands, South Africa and Denmark.
The list of ‘champions’ will inspire action by leading by example on how to reduce food loss and waste, motivating others, advocating for more innovation to reduce food waste, and communicating the importance of waste reduction.
“Reducing food loss and waste is a significant global challenge and it’s very important that business plays its part,” said Lewis. “At Tesco, we’re committed to tackling food waste not only in our own operations but also through strong and effective partnerships with our suppliers and by helping our customers reduce waste and save money. This is an opportunity for businesses to work together and make a real difference to Target 12.3.”
Eva Kjer Hansen, minister of environment and food, Denmark, said: “Food loss and waste is a huge challenge for global food security, human livelihoods and the conservation of the environment that calls for global responses and individual action. And Denmark is ready to take its share and to engage in a new solution based global partnership.
“One of the initiatives we have launched in Denmark is a national partnership for reduction of avoidable food waste, which will foster voluntary and binding collaboration between all links in the food chain and relevant authorities and organizations, as solutions and barriers should be addressed across all stakeholders.”
Vice minister for agriculture from the Netherlands, Hans Hoogeveen, said: “Food that is ultimately lost or wasted consumes about a quarter of all water used by agriculture, requires cropland area the size of China, and is responsible for an estimated eight percent of global greenhouse gas emissions.”
While Andrew Steer of the World Resources Institute said the champions “have the power to convert momentum into a global movement”.
The announcement was made alongside the launch of The Rockefeller Foundation’s new seven-year YieldWise initiative, which aims to cut post-harvest losses in fruits, vegetables, and other staple crops in African countries such as: Kenya, Nigeria, and Tanzania.
CEO of Tesco, Dave Lewis says move is ‘aimed at insulating more of our businesses from indexed rent reviews’
Tesco has regained sole ownership of 21 superstores in a transaction with British Land.
The agreement comes as Tesco aims to strengthen its core UK business.
The 21 superstores and associated debt were part of a joint venture between Tesco and British Land, and were all subject to RPI-indexed rent increases.
In exchange for the superstores, British Land will take over Tesco’s stake in three shopping centres, three retail parks and three standalone stores which are held in two joint ventures between the two companies.
Tesco will continue to lease the stores at these sites at market rents which are not subject to RPI-indexed increases.
As part of the transaction, Tesco will also receive £96 million from British Land.
Dave Lewis, commented: “Last year we identified the opportunity to increase the proportion of our stores we own as freehold. This transaction with British Land allows us to increase our ownership and thereby insulate more of our businesses from indexed rent reviews.
“We have a long way to go but it’s a transaction which takes us in the right direction. This agreement makes our business simpler and stronger.”