In 2018, we revised and updated our sustainability approach to better support our transformation into a leading, modern sustainable food company with a joint direction. Sustainability is integrated in the Group strategy and our new sustainability approach is strongly aligned with the strategy and the renewed brand positioning. Together with them, it will help us to reach higher than ever.
We chose four Core goals to crystallise our ambitious direction towards 2030. These goals were chosen because of their global impact, but also because they encourage others to join the work to create a more sustainable future.
Goal 1: 50% less emissions
Climate change is a challenge faced by everyone on the planet. The food system and its emissions are a factor in climate change, and by taking action to reduce the impacts of food production, we can make a difference. Climate change also has a direct impact on the availability, accessibility and affordability of our raw materials, and by doing our best to mitigate it, we are also future-proofing our business. In addition to climate emissions, the global food system causes also other emissions in water and on land, which we need to reduce as well.
Goal 2: 50% less food waste
Approximately one third of the global food production is lost or wasted annually, creating major negative impacts on the climate, water, land and biodiversity. Reducing food waste is one of the key actions to minimise negative environmental impacts of food and, at the same time, drive value for business through lower costs.
Goal 3: 100% sustainably sourced
Our impacts on people, societies and livelihood are not only limited to our own actions; raw material production, logistics and sourcing are equally involved. Therefore, we must ensure sustainability throughout the value chain from farmer to consumer. This we can do with clear basic requirements for all suppliers and extra attention to selected value chains such as cocoa, palm oil, grain and soy.
Goal 4: More plant-based
Our strategy states that we want to support consumers’ healthy and sustainable lifestyles. There is strong scientific evidence that fibre-rich plant-based foods contribute to a decreased risk of many diseases. Plant-based foods have a significantly smaller climate impact than meat and dairy. We develop our offering to reflect the favourable impacts of plant-based foods on both people and the planet.
Wheel of Essentials and SDGs
The four Core goals are supplemented with the Wheel of Essentials – an overview of essential sustainability topics addressed by Fazer. These topics are strongly interconnected but can be divided into three groups: For People, For Planet and For Business. We have defined an action plan that includes key actions, targets and KPIs.
We have also defined the ways in which our work with these topics contributes to the realisation of the United Nations’ Sustainable Development Goals (SDGs). We are strongly committed to supporting the implementation of the SDGs and encourage active stakeholder dialogue on them. We see food as a solution and know that the food industry has a significant impact in reaching the goals.
Fazer’s corporate responsibility work is guided by the Corporate Responsibility Policy, the Human Rights Policy, the QEHS Policy, governance practice, operating principles as well as the Ethical Principles that are based on the ten international principles of the UN Global Compact. Fazer Group has signed the UN Global Compact initiative.