Sustainable problem-solving
- In the quest to solve our global food security issue, carbon emissions remain a challenge. That’s why 500-backed food supply network FarMart took the sustainable route, and is tracing their impact.
- The team’s Impact Report shows that every ton of food sold through FarMart emits 33% less carbon than the conventional food supply chain. By collaborating with 2,000 food businesses and establishing partnerships with suppliers, the network has avoided 41,974 metric tons of carbon dioxide emissions, and prevented 28,350 metric tons of food waste.
- “At FarMart, our climate commitments are not separate from our core business. Sustainability is deeply integrated into our model, and we reduce carbon emissions with every transaction. In the next 5 years, FarMart aspires to be an industry leader in driving supply chain decarbonisation efforts for food businesses across the globe,” shared Tannya Garg, Impact and ESG Head.
- Here are more highlights from the report:
- Empowered over 3 million farmers with daily access to real-time market rates, along with many tech-enabled services to inform decision-making and profit maximization
- Facilitated a market value transfer of over 1M rupees, ensuring just compensation for farmers’ produce
- Saved 20% of farmers’ income with efficient logistical arrangements and reduced transport costs contributing to their financial well-being
- Hit a 361% increase in the number of village-level entrepreneurs to over 138 million
- Download the full report here.
