AGCO Agriculture Foundation Donates to UK's Biggest Charity Fighting Hunger and Tackling Food Waste
28 Novembre 2022 - 8:52PM
Business Wire
Funds will help FareShare secure enough food
for a million meals in two years and intensify climate-action
mitigation
The AGCO Agriculture Foundation (AAF), a private foundation with
the vision to prevent and relieve hunger through sustainable
agricultural development, today announced a USD 300,000
grant to FareShare to ensure surplus food reaches vulnerable
communities in the United Kingdom while tackling food waste.
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AAF grant to FareShare to secure 475
tonnes of surplus food. (Photo: Business Wire)
The two-year partnership is expected to help FareShare secure
475 tonnes of surplus food and redistribute more than one million
meals. The project will assist in growing the award-winning Surplus
with Purpose Fund, which covers the cost for farmers to harvest and
divert food that would have otherwise been wasted.
The Intergovernmental Panel on Climate Change estimates that
food waste contributes between 8 and 10 percent of global
greenhouse gas emissions, so tackling food waste is a pressing
issue. The funding will also directly help agricultural businesses
by reducing the environmental effect of food waste through
interventions to harvest fresh surplus products such as fruit and
vegetables. Over the next 24 months, for every tonne of surplus
food FareShare and AAF redistribute through this project,
approximately 1.6 tonnes of embedded CO2 could be saved, and
another 3.8 tonnes could be prevented from harmful alternative
disposal.
"As a foundation, our support of the FareShare surplus food
project comes at a crucial time and aligns with AAF's vision to
prevent and relieve hunger. We hope to support the food needs of
these vulnerable households while combating climate change at both
ends of the food chain by tackling food waste," said Roger Batkin,
Board Chair, AGCO Agriculture Foundation.
The AAF-funded surplus food project contributes to four of The
United Nations' 17 Sustainable Development Goals: Zero Hunger, Good
Health and Well-being, Climate Action and Responsible Consumption
and Production. The project will supply food for thousands of
vulnerable people, tackle food waste to address climate change
impact, improve overall well-being through access to good nutrition
and provide a scalable solution to rescue food.
"We should never be wasting good food, especially not amid a
cost-of-living crisis. Millions of people are struggling with the
rise in food prices, fuel and household bills. We've seen the
impact of demand for food across our network skyrocketing.
FareShare is grateful to the AAF for extending their funding to the
UK at this crucial time. This partnership will help us further our
reach and make a meaningful difference in getting surplus food from
farms to people's plates," said Lindsay Boswell, Chief Executive
Officer of FareShare.
About AGCO
AGCO (NYSE:AGCO) is a global leader in the design, manufacture
and distribution of agricultural machinery and precision ag
technology. AGCO delivers customer value through its differentiated
brand portfolio including core brands like Challenger®, Fendt®,
GSI®, Massey Ferguson®, Precision Planting® and Valtra®. Powered by
Fuse® smart farming solutions, AGCO's full line of equipment and
services help farmers sustainably feed our world. Founded in 1990
and headquartered in Duluth, Georgia, USA, AGCO had net sales of
approximately $11.1 billion in 2021. For more information, visit
www.AGCOcorp.com. For company news, information and events, please
follow us on Twitter: @AGCOCorp. For financial news on Twitter,
please follow the hashtag #AGCOIR.
About the AGCO Agriculture Foundation (AAF)
The AGCO Agriculture Foundation (AAF), initiated by AGCO
Corporation (NYSE: AGCO) in 2018, is a private foundation with the
vision to prevent and relieve hunger. The foundation initiates
impactful programs that support food security, foster sustainable
agricultural development and build needed agricultural
infrastructure in marginalized farming communities. AAF is
domiciled in Vaduz, Liechtenstein and operations are managed from
Duluth, Georgia, USA. For more information, please visit
https://www.agcofoundation.org/
About FareShare
FareShare is the UK's biggest charity fighting hunger and
tackling food waste since 1994. The charity organization is born
out of the belief that no good food should go to waste, especially
when people are going hungry. FareShare redistributes its surplus
food through a network of nearly 9,500 charities and community
organizations.
For more information, visit our website:
https://fareshare.org.uk/
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version on businesswire.com: https://www.businesswire.com/news/home/20221128005695/en/
Aryn Drawdy, Corporate Communications Director
aryn.drawdy@agcocorp.com
Holly Howells, FareShare Holly.Howells@fareshare.org.uk
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