The emergence of new business models against food waste
Innovation plays an important role in finding effective solutions to food waste. BNP Paribas supports these many initiatives through appropriate financing and incubation programmes.
The French startup Phenix is one of several new companies that have been set up to address the issue of food waste and that are supported by BNP Paribas. Founded in 2018 to offer consumers the opportunity to buy unsold goods at a discounted price and give products a second life, it has expanded rapidly and internationally. 1.5 million users now use the Phenix app and contribute to the growing economic ecosystem of anti-food waste.
Another success story, the app Too Good To Go*, is now well known among the general public. Also in the process of developing internationally, the company puts consumers in touch with retailers to avoid throwing away unsold food and to recover it at low prices. The company Zéro Gâchis*, on the other hand, sets up directly in supermarkets aisles to promote unsold goods.
By acting across the entire value chain, from the financing of the food industry to the management of surpluses at the level of individual consumers, the fight against food waste is possible, and BNP Paribas is keen to play an active role in it.
Photo credits in from top to bottom: Monkey Business, Stefan Redel, Ruslan Gilmanshin, Maria_Savenko