Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Food retailers spending up to £50,000 a year sending food waste to landfill

by June 16, 2023
June 16, 2023
Food retailers spending up to £50,000 a year sending food waste to landfill

The average UK business is spending over £50,000 every year on sending food waste to landfill, however, recycling food waste could save food retail businesses up to £7,000 a year, according to new research.

Despite this, only half (56%) of food retailers and convenience stores say that they recycle food waste in order to minimise financial losses and only a quarter (24%) recycle food waste to avoid costly fines.

However, new legislation due to land in 2024, is expected to mandate that any business producing over 5kg of food waste will need to separate and recycle its waste through a registered food waste carrier service.

Failure to comply could put food retail businesses at risk of potentially hefty financial penalties-with fixed penalty notices starting from £300.

The legislation is due to be introduced by both DEFRA and the Welsh Government, who are expected to enact the provisions of the Environment Act 2021, and thereby make the separation of food waste from other waste streams a requirement.

However, while the research suggests that food retailers and convenience stores are not aware of the potential costs that sending food waste to landfill could incur, it did reveal that food retailers are conscious of the indirect financial implications.

Almost two thirds said they recycle food waste as a response to public sentiment and consumer demand and over a third (38%) of respondents cited that recycling food waste helps them adhere to hygiene standards.

Grant Keenan, managing director at Keenan Recycling, who conducted the research, said: “We know the food retail sector wants to implement more sustainable methods of working, but they are facing a lot of other pressures right now. As well as this, there are many misconceptions around the true cost of food waste recycling and the ease of employing food waste recycling into business processes.

“Our roundtable with key industry experts, including representatives from the food retail industry, highlighted this. Businesses revealed that they are worried about the upfront costs involved in introducing new processes- such as investing in new bins, onboarding new food waste providers and providing training for staff.

“However, food waste collectors can support with all of this, and special machines, like food de-packagers, can make the transition to new processes even simpler. On top of this, short term investment in proper food waste management systems will bring financial benefits in the mid to long term. In fact, food retailers and convenience stores could see themselves saving thousands each year. By looking at how to implement new processes now, businesses can ensure that there is time to support staff through the change and iron out any teething problems ahead of the incoming laws.”

 

Read more:
Food retailers spending up to £50,000 a year sending food waste to landfill

0
FacebookTwitterGoogle +Pinterest
previous post
Why embracing a Bare Minimum Monday mentality isn’t a wise career move!  
next post
Safety Tips When Treating Men for Enlarged Prostate (BPH) and Chronic Prostatitis

You may also like

How to make your business a success

October 3, 2022

Sunak to Allow Oil and Gas Exploration at...

May 3, 2024

Jeff Bezos to divest $5bn of Amazon shares...

July 7, 2024

BGF leads £17.3m investment in Sunswap to accelerate...

August 26, 2024

Bentley boss Hallmarks’ new mission: saving Aston Martin...

August 31, 2024

Tesco to Revamp Clubcard Branding Following Loss to...

March 19, 2024

Rishi Sunak ‘too busy’ to attend Cop27 climate...

October 28, 2022

BP reports huge profits as energy bills soar

August 2, 2022

Education Secretary Phillipson starts drive to recruit 6,500...

July 8, 2024

Financial Planning for Small Businesses: Avoiding Common Mistakes

October 28, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Trump administration takes on new battle shutting down initial Iran strike assessments

      June 29, 2025
    • Trump administration takes on new battle shutting down initial Iran strike assessments

      June 29, 2025
    • Schumer forces reading of Trump’s entire ‘big, beautiful bill’ as Senate braces for all-nighter

      June 29, 2025
    • Schumer forces reading of Trump’s entire ‘big, beautiful bill’ as Senate braces for all-nighter

      June 29, 2025
    • Trump, lawmakers react after ‘big, beautiful bill’ clears Senate hurdle

      June 29, 2025
    • How Staff Can Strengthen HIPAA Compliance and Security

      June 29, 2025

    Categories

    • Business (8,334)
    • Investing (2,081)
    • Politics (15,856)
    • Stocks (3,177)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved