World food demand is on the increase, driven by population growth, higher incomes, and changing diets. While vegetable spreads are increasingly recognized as an important element in the diet of the future, there are real and perceived challenges related to the sustainability credentials of margarine production. Our members already responded and are taken steps to make their businesses more sustainable.
As a sector, IMACE is supporting its members in this transition by undertaking a materiality assessment to identify those issues that are most important to the sector. The findings were summarized in the sustainability guide to support companies to focus their monitoring and reporting on those topics that really matter to the sector.
The sustainability guide illustrates the triple bottom line accounting framework with a focus on three pillars of performance: financial, environmental, and social, also known as ‘people, planet, and prosperity’. Sharing of non-financial information is pivotal for an industry-wide shift to sustainable production processes, as well as to boosting investor and consumer trust. The guide covers the full supply chain and includes suggestions on performance indicators to inform decisions on best practice. Guidance on reporting is provided to enable margarine producers to draft sustainability reports that meet international standards.
To generate a net positive value, food must be nutritious and produced sustainably by thriving communities. This is both a challenge and an opportunity for the global food industry. It means incorporating environmentally sound food manufacturing practices into business models, daily operations, and across value chains. IMACE members are committed to delivering sustainably-produced food which provides healthy, nutritious sustenance for generations to come. Representing European margarine producers, IMACE’s mission is to help its members meet consumer needs sustainably. Our overarching goal is to support the shift towards a circular economy.
The sustainability guide is available here.