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Folksam invests billions in food waste

A third of all the food produced is damaged or lost annually, making food wastage the third-largest source of emissions of greenhouse gases. The resources use

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Folksam invests billions in food waste

A third of all the food produced is damaged or lost annually, making food wastage the third-largest source of emissions of greenhouse gases.

The resources used to produce food that is never consumed is equivalent to 3.3 billion tonnes of carbon dioxide – eight per cent of global emissions.

Folksam has already invested in the world bank's so-called green bonds, which are bets on the various sustainability objectives, the bank has set up.

And now came the world Bank and the told me that they want to have a bond linked to the sustainable production and consumption, " says Michael Kjeller, director Asset management and sustainability.

" Yes."

the Bond of 300 million dollars, 2.8 billion, and a term of three years at an interest rate of 2.4 per cent.

the funds will be used, among other things, to improve the storage capabilities of cereals in Mexico, increasing the recycling of food and reduce food waste in China and to increase the agricultural productivity in Angola.

in Total Folksamgruppen around 18 billion invested in world bank bonds.

Read also: the world bank's new head of its biggest critics

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