Grocers taking the lead will play their part in saving up to a third of our food that goes to waste today, with the potential to generate an extra $1 trillion in economic value, ease the pressure on the 12% of Earth’s land used to grow it, free up 20% of our worldwide water resources and cut our greenhouse gas emissions by 3.5 Gt CO2e per year (10% of the global total).
Meanwhile, Fashion is shifting from a linear model where every second, a truckload of clothing was landfilled or burned to a circular model that increases clothing use, relies on safe and renewable inputs (replacing 98 million tonnes of raw material), and restores and regenerates land and communities, with benefits for business, society, and the environment.
These dramatic transformations—which all retailers who shifted their entire business models in response to Covid-19 now recognize they can achieve—require different metrics, ideas from everywhere, and rapid, networked learning.
Through experiments with key retailers in our product lab, we’ve seen that Quorso has huge potential to drastically cut the waste output of large-scale retailers. Our WOW program – Quorso’s War on Waste – has been developed as a result and is rolling out to our existing user base at no extra cost.
Retailers know they must lead the Race to Zero – and Quorso will coach them there.
The Race to Zero, led by UN Climate Change, mobilizes a coalition of leading net-zero initiatives, representing 1,397 businesses, 454 cities, 23 regions, 74 of the biggest investors, and 569 universities. Spanning 120 countries, these “real economy” actors now cover nearly 25% of global CO₂ emissions and over 50% of GDP.
We’re thrilled to see that retailers representing over $1 trillion in revenue (and counting) have made net-zero commitments via The Climate Pledge and Science-Based Targets initiative. For some of the largest retailers that have committed, like Sainsbury’s, Best Buy, Target, Aldi, Lidl, H&M, and Walmart, aligning their huge networks of stores and employees to work towards sustainability targets, while still delivering on financial KPIs, will be their biggest challenge.