The cost of food waste to the Australian economy is about $20 billion a year
Food waste is a global challenge that has environmental, economic and social impacts. In 2017, the Australian Government committed to halving food waste in Australia by 2030.
FIAL is committed to driving better outcomes for Australia’s food and agribusinesses across the food value chain and has funded the Feasibility Study as a key contribution towards industry resilience, sustainability and competitiveness.
FIAL is continuing to invest in food waste and has commenced a Feasibility Study (one of the key building blocks in the roadmap) to continue building momentum, awareness and understanding of the food waste opportunity in Australia.
The findings from the Feasibility Study will inform decisions by government policymakers and agri-food businesses alike, including those relating to the likely levels of investment required to deliver the Strategy between 2020 and 2030.
Food Innovation Australia Limited (FIAL) was contracted by the Australian Government to develop ‘A Roadmap for reducing Australia’s food waste by half by 2030’, which was published in January 2020.