A term you will not get past in 2023, no matter whether you are a retailer or an F&B brand, is ESG. These three letters embody a whole host of policies that modern companies need to take into account when operating their business. Success in business is no longer just about the financial bottom line.

‍

The European Consumer Organisation (BEUC) published a reporton 9th March 2023 calling for  carbon-neutral claims, including those onfood products, to be banned entirely. inoqo fully supports the BEUCs demand dueto the misleading nature of carbon-neutral labels.

‍

For our two-part series on ESG, a couple of weeks ago we shared Best Practice examples.

This week we will shine a light on the numerous reasons whyF&B companies should be putting ESG into practice.

ESG considerations are becoming increasingly important in the F&B industry as consumers are more conscious of the impact of their purchases on the environment and society, and investors are placing more emphasis on companies that prioritize sustainable and socially responsible practices.

‍

With sustainability becoming an absolute buzzword over the past few years, many companies are jumping on board the green train. However, all is not as positive as it seems, since one issue has arisen in the form of greenwashing. Paying lip service to sustainability has become very common. But beware, if a company is caught engaging in greenwashing, they will lose their customers’ trust and loyalty, which ultimately affects their bottom line.

The EU is introducing a new law that none of the products being sold in the EU can contribute to deforestation. Why did the EU make this decision and what does it mean for your products? Let’s take a closer look!

Whether you are a retailer or an F&B brand, you will quite certainly have come across the term Science-Based Targets (SBTs) before. SBTs have grown increasingly important over the past years as part of the toolkit to tackle the climate crisis and skyrocketing emissions. But what does the term SBTs actually refer to?

Irgendwie eine komische Tradition. Ein Baum wird großgezogen, gefällt, ins Haus gestellt, geschmückt und ein paar Tage später wieder entsorgt. Weihnachten ohne Weihnachtsbaum? Das muss nicht sein.

Transparency is not a choice anymore.

They will soon face similar challenges. Who will become the Tesla of grocery retail?