STOCK TITAN

Aramark Helps the Chiefs Tackle Food Waste in Kansas City

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary
Aramark is committed to reducing food waste across its operations, partnering with the Kansas City Chiefs and local charity Pete's Garden to redirect uneaten food to families in need. The company aims to minimize waste through innovative food ordering and preparation techniques and is a USDA Food Loss and Waste 2030 Champion, committed to reducing food loss and waste in its U.S. operations by 50% by 2030 from its 2015 baseline.
Positive
  • None.
Negative
  • None.

Examining Aramark's commitment to reducing food waste, it's evident that the company is making significant strides in aligning with broader environmental sustainability goals. A notable achievement is the reported 73% reduction in pre-consumer food waste from the company's 2015 baseline. This progress is commendable, especially when considering the Environmental Protection Agency's (EPA) goal to cut food waste in half by 2030. Aramark's efforts not only contribute to environmental conservation by reducing the amount of waste sent to landfills but also help in mitigating methane emissions, a potent greenhouse gas released during food decomposition.

Furthermore, Aramark's partnership with local charities for food redistribution aligns with the USDA's aim to strengthen community food systems. This approach not only addresses environmental concerns but also social ones by helping to alleviate food insecurity in local communities. The redistribution of 5,938 pounds of food equates to approximately 5,000 meals, illustrating a direct impact on community welfare. The dual benefit of waste reduction and community support could enhance Aramark's brand reputation and potentially lead to increased customer loyalty, which is increasingly driven by corporate social responsibility initiatives.

Aramark's integration of food waste reduction into its business model is a significant Corporate Social Responsibility (CSR) initiative that can influence stakeholder perception positively. By positioning itself as a USDA Food Loss and Waste 2030 Champion, Aramark is not only setting a precedent within the food service industry but also aligning with global sustainability targets such as the United Nations Sustainable Development Goals. This proactive approach to CSR can be a differentiating factor in the highly competitive food service market.

Moreover, the company's involvement in industry collaborations like the Food Waste Reduction Alliance showcases its commitment to collective action—a key aspect of effective CSR. Such collaborations can lead to innovative solutions and set industry standards, potentially influencing policy and consumer expectations. As investors and consumers increasingly favor companies with strong CSR profiles, Aramark's actions could positively impact its market position and long-term financial performance through enhanced brand equity and customer loyalty.

From a financial perspective, Aramark's strategic focus on food waste reduction can lead to operational efficiencies that may result in cost savings. By closely aligning food production with demand, the company is likely optimizing inventory management and reducing unnecessary expenditure on excess food. These savings could then be redirected towards other areas of the business or contribute to improved profit margins.

It's also important to consider that Aramark's sustainability efforts may mitigate risk by preemptively adapting to potential future regulations on food waste. This forward-thinking approach can be financially beneficial as it positions the company ahead of regulatory curves, potentially avoiding future compliance costs. Investors might view these practices as indicative of a well-managed company that is not only reducing its operational risks but is also capable of leveraging sustainability for competitive advantage.

NORTHAMPTON, MA / ACCESSWIRE / February 7, 2024 / As it was reported in the recently released 2023 Be Well. Do Well. Progress Report, Aramark is committed to reducing food waste across its operations with the dual goals of conserving resources and minimizing the company's environmental footprint.

Aramark minimizes waste through a holistic food management process from planning and purchasing, to production and service. Through innovative food ordering and preparation techniques, Aramark works with the Kansas City Chiefs to produce and prepare just enough food to feed the crowd based on ticket sales, promotions, and tickets scanned.

Aramark and the Chiefs partner with local charity, Pete's Garden, to redirect uneaten and untouched food to organizations throughout the Greater Kansas City area that serve families in need.

Aramark Sports + Entertainment's District Manager, Tim Witkowski, sits on the Food Waste Reduction Project Advisory Committee and works to publicize and deploy food waste reduction strategies to support the Kansas City Regional Food Loss and Waste Reduction Action Plan.

"Although our goal is always to eliminate food waste before it is generated, there may still be instances when we have excess safe-to-eat food available. Our food donation program provides this food to hunger relief agencies, like Pete's Garden, who distribute meals to organizations that serve families with children," said Witkowski. "We donate thousands of pounds of food each year, which helps feed families in the Kansas City community and keeps surplus prepared food out of landfills."

Food donations don't just come from meals that weren't served inside GEHA Field at Arrowhead Stadium, home to the Chiefs, Aramark also redirects surplus food from the player training meals. In 2023 alone, these food donations to Pete's Garden totaled 5,938 pounds, or 5,000 meals to Kansas City area families.

"Aramark and the Chiefs appreciate that we can redirect surplus food from our player training meals to local families facing food insecurity. Chiefs players and staff know the importance of healthy eating. The families served by Pete's Garden deserve healthy food too. We are pleased to support their efforts to get nutritious meals on more family dinner tables," said Erin Wishon, Senior Executive Chef Aramark/Kansas City Chiefs.

These waste reduction efforts support the Chiefs' "Extra Yard for the Environment" program, which encompasses several directives that each aim to make GEHA Field at Arrowhead Stadium and the University of Kansas Health System Training Complex as environmentally efficient and responsible as possible.

Aramark is a USDA Food Loss and Waste 2030 Champion and is committed to reducing food loss and waste in its U.S. operations 50% by 2030 from its 2015 baseline. For fiscal year 2023, pre-consumer food waste in U.S. food operations was 73% lower than the company's 2015 baseline. In addition, Aramark has been a member of the Food Waste Reduction Alliance, an industry collaboration focused on reducing waste and finding ways to donate or recycle unavoidable food waste, for nearly a decade.

View additional multimedia and more ESG storytelling from Aramark on 3blmedia.com.

Contact Info:
Spokesperson: Aramark
Website: https://www.3blmedia.com/profiles/aramark
Email: info@3blmedia.com

SOURCE: Aramark



View the original press release on accesswire.com

Aramark is committed to reducing food waste across its operations with the dual goals of conserving resources and minimizing the company's environmental footprint.

Aramark partners with the Kansas City Chiefs and local charity Pete's Garden to redirect uneaten food to organizations serving families in need.

Aramark is committed to reducing food loss and waste in its U.S. operations by 50% by 2030 from its 2015 baseline.

For fiscal year 2023, pre-consumer food waste in U.S. food operations was 73% lower than the company's 2015 baseline.
Aramark

NYSE:ARMK

ARMK Rankings

ARMK Latest News

ARMK Stock Data

Food Service Contractors
Accommodation and Food Services
Link
Consumer Services, Restaurants, Accommodation and Food Services, Food Service Contractors
US
Philadelphia

About ARMK

we deliver experiences that enrich and nourish people’s lives through innovative services in food, facilities management, and uniforms. united by a passion to serve, our more than 270,000 employees make a meaningful difference each day for millions of people in 19 countries around the world. we are recognized as one of the world’s most admired companies by fortune, rated number one among diversified outsourcing companies, as well as an employer of choice by the human rights campaign and diversityinc. our careers management – management professionals who have experience working in the hotel, restaurant or hospitality industry catering – management professionals with experience working in hotels and resorts hosting large catered events culinary – professionally trained executive chefs and sous chefs with experience in large scale operations