$1bn to kick-start global food sustainability project

By Noli Dinkovski contact

- Last updated on GMT

Food production will have to increase 60% by 2050, says Rabobank
Food production will have to increase 60% by 2050, says Rabobank

Related tags: Sustainability, Agriculture

A global initiative to develop a more sustainable food system has kicked-off with the creation of a $1bn (£760M) facility focused on land restoration and forest protection schemes.

Kickstart Food, initiated by financial services provider Rabobank, is a three-year initiative that focuses on four areas – earth, waste, stability and nutrition.

The new facility – launched in partnership with the United Nations Environment Programme – covers the area of earth, which is centred on sustainable and environmentally sound food production.

The facility will aim to offer grants in order to initiate large-scale land restoration and forest protection projects.

Reducing food waste

The waste programme will be targeted at reducing food waste throughout the food supply chain. The stability programme is aimed at creating a more stable and resilient food and agricultural sector.

Nutrition, meanwhile, will focus on healthy and balanced diets for everyone.

According to Rabobank, global food production would have to increase 60% by 2050 to meet growing demand and a global population of 9M.

“We need to take bold and brave action to address these challenges, and that’s exactly what we’re doing at Rabobank as part of our banking for food strategy,”​ said Tamira Treffers-Herrera, regional head at Rabobank Europe.

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