Digital technology tacking food sustainability

Software, Media & Technology

The World Economic forum released an article on digital technology and sustainability in part of its larger meetings in Sustainable Development. I recommend reading the full article, but here is a short summary on key highlights:

  • Why we need to support farmers digitally: “Today, it is estimated by the Intergovernmental Panel on Climate Change (IPCC) that between 21% and 37% of global greenhouse gas emissions come from our food system, including how we grow our food. Those farmers who lack the capital to invest in technologies need access to fair, reliable finance. Financial institutions can, in turn, analyze sensor data and aerial imagery to ensure their investments are viable and reduce their risk by more accurately predicting potential losses.”
  • Creating farm-to-form data transparency: While platforms are beginning to emerge for individual products like salmon and coffee, unified platforms covering many different products are unavailable. Such platforms could provide food authentication through new secure technology, lower the danger of unsafe food, make food recalls faster and more efficient, and foster trust between consumers and retailers.”
  • Reducing food waste and enabling circularity:” Approximately one-third of all food produced globally is wasted, according to the United Nations (UN). Upstream food loss and downstream waste amount to roughly $700 billion in industrialized countries and $300 billion in developing countries. The solutions required differ regionally. In developed markets, advanced solutions have emerged that leverage artificial intelligence, computer vision, and the internet of things. But emerging markets could benefit from simpler technology solutions that work with their existing infrastructure while building out the connectivity needed to take advantage of more advanced solutions.”
  • Nudging consumer behaviour on food: “Helping consumers change their eating habits is important to shift to a sustainable food system. Alternative proteins are one way to tackle part of the 14.5% of total greenhouse gas emissions the UN has estimated is generated by the livestock sector. While a range of products are available, they can be expensive, and consumers do not always find the products appealing. “

At Polestar, we have looked at many food trends such as agri-tech market, alternative meat market, and sustainable food. Food and Beverage is a space that Polestar is always watching, in addition to how it plays within the ESG market.

We have seen the ESG market grow and the outlook for it is positive. If you are a food tech business within the ESG market, this is a great time for you to sell your business or acquire capital. Like always, please reach out if you are intersted

By Anusheh Khan on 10/10/2022