全球-可持续产业-可持续与主题投资——食物浪费：改变的时机已成熟.docxVIP

Signature transatlantic #climatechangePlease see analyst certifications and important disclosures beginning on page 68. Signature transatlantic #climatechange Please see analyst certifications and important disclosures beginning on page 68. Please see analyst certifications and important disclosures beginning on page 68.* BAROAYSequity research4March2019emily Morrison+44 (0)20 7773 9080Barclays, uKHirai Patel+44 (0)20 3134 1618Barclays, uK Please see analyst certifications and important disclosures beginning on page 68. * BAROAYS equity research 4March2019 emily Morrison +44 (0)20 7773 9080 Barclays, uK Hirai Patel +44 (0)20 3134 1618 Barclays, uK anushka Challawala +44(0)20 3134 2326 Barclays, uK -eEaxLU，pswss 金 We waste an unsustainable one third of the food we produce globally, valued at $1 trillion pa and accounting for 8% of GHG emissions. This report proposes that the time is ripe to execute change through collaborative action across the food valuechain. 一工。ootno .6 1WD m L9 7 一工。ootno .6 1WD m L9 7 6T施工二 0-ossdE。。 this research report has been prepared in whole or in part by equity research analysts based outside the uS who are not registered/qualified as research analysts with Finra. emissions by 70 Gtonnes over the next 30 years and ranked reducing food waste as the third most impactful action to targeting climate change, behind only refrigerant management (90GT) and onshore wind turbines (85GT). Consumer food waste presents largest opportunity for reducing carbon footprint In terms of the food value chain, the highest carbon footprint is generated from the consumption stage because of the cumulative effect from previous stages (Figure 10). As an example, a single tomato wasted at the harvesting stage will have a much lower carbon footprint than a consumer wasting tomato sauce because the harvestingz transportation and processing accumulates additional greenhouse gas emissions. As most food waste occurs at the consumer level, this suggests that reducing f