Answer To: Created: June XXXXXXXXXXDocument Owner: Anita Manfreda Modifed: June XXXXXXXXXXVersion: 1.0 Review...
Sarabjeet answered on Jul 30 2020
Running head: Sustainability Report
Subject code MFB402: Managing Food & Beverage Operations
Sustainability Report
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Executive Summary
The hospitality industry and specifically food and beverage establishments have increased their involvement in matters of sustainability during the past decade. Due to stakeholders’ pressure, businesses are now expected to rethink their product, operations, and practices in a way that contributes to environmental, social and economic sustainability. This report highlights sustainability and triple bottom line the concept, Planet, People, and Profit. How this trend affects the food and beverage operations and their management from a consumer and operator perspective. Investigate and few examples of practices that food and beverage establishments, whether Australian or international, are utilizing to address this trend is also included in this report. Finally, this report reflects the role that these sustainable practices have in enhancing food and beverage establishments’ profitability and creating an organizational competitive advantage.
Contents
List of Figures 4
1.0 Introduction 5
2.0 Sustainability Business Report 5
Sustainability 5
Concept of triple bottom line, Planet, People, Profit 6
Trend affects the food and beverage operations and their management from a consumer and operator perspective 7
Major sustainability concerns or issues in the F&B industry 8
Examples of practices that food and beverage establishments 8
Role that these sustainable practices have in enhancing food and beverage establishments 12
Conclusion 13
Recommendations 13
References 15
List of Figures
Fig 1: Sustainable Practices…………………………………………………………10
Fig 2: Environmental and economic practices……………………………………..11
Fig 3: Social Practices………………………….……………………………………..11
Fig: 4: Environmental Practices……………………………………………………..12
1.0 Introduction
Sustainability is presently a major topic in the Food and Beverage industry. International F&B companies are pushing to make their companies more sustainable moreover to reduce their environmental impact. However, they still use limited tools to limit their structure to comply with their sustainability standards. Australia defines sustainable development just as the development of “the current needs without compromising the future generation’s capability to meet all their needs”. Therefore, a sustainable food chain means that if F&B want to make sure a safe, environmentally sustainable as well as healthy food supply, the whole food chain should be resilient and competitive. If F&B is to develop a truly sustainable food chain, there are many challenges that need to be overcome. It is estimated that agricultural production accounts for 17% to 32% of worldwide greenhouse gas emissions; about 30-45% of produced food and beverage is wasted, but malnutrition is still widespread, and food processing basically accounts for 30% of global water use. The evaluation of sustainability should take into account economic, environmental, and social impacts. In this study, the complexity and challenges of building and implementing business cases integrate social and environmental aspects into the business strategy of F&B industry operations and management. The study included investigating the concept of sustainability and its impact on food and beverage operations and management.
2.0 Sustainability Business Report
Sustainability
Sustainability has been a frequent reference for companies, non-profit organizations, and governments over the past decade, but measuring the extent to which an organization can sustain or pursue sustainable growth can be difficult. Today's food and beverage industry become more competitive. As firms in various industries compete and develop sustainability, they become an important issue. Sustainability issues or problems in the food industry cover several topics related to environmental, economic, and social contexts. The catering industry's focus on the sustainability means they are working with firms which help them to develop plans which combine enduring profitability with utmost social responsibility along with environmental protection. The field of sustainable development has grown rapidly in the last few years as it has become increasingly important in various economic sectors. Due to these new or fresh trends in the sustainability, the F&B sector has been under very high pressure to adapt markets new trends and demands. The ever-increasing value of the business community in these issues, whether in the context of the environment, society or economy, has become a very competitive factor affecting the strategies adopted by enterprises and their positioning methods, enabling companies to assume new roles and responsibilities... Therefore, in order to realign its market performance, the company began to include the trends and concepts of sustainable development while maintaining its commitment to measure and monitor performance. In this view, many sustainable practices or regulations have been adopted in order to promote sustainable development and reduce environmental impact while still allowing for business growth. In addition, several indicator-based plans or projects have become a basis for an operational paradigm that adapts organizations to a sustainable economy due to the need for monitoring and measurement.
Concept of triple bottom line, Planet, People, Profit
Three pillars of sustainable development
One method to seem at sustainable development is to consider three pillars of sustainable development. Under this move, companies seek a balanced move toward achieving long-term environmental, social, and economic goals.
People: Social pillar of sustainable development
The social aspect of sustainable development is to focus on individual needs according to group needs. Various companies do differently, and some of the most successful corporate sustainability initiatives take a company-related approach: Social programs include market-specific skills training programs, sustainable agriculture and food processing, labor safety programs, and women's empowerment initiatives. Food and beverage industry is committed to addressing the impact of the community of its operations, in which the water scarcity surrounding the factory, health and welfare of the community, and land management respecting the rights of local people. The F & B industry supports the collection of time, money and items of donation as well as employee volunteers, in support of gifts, disaster relief and recovery schemes, in support of their social and community work. The company providing energy-saving technology information for schools, medical clinics and advanced living facilities is the first (Engida, Rao, Berentsen & Oude Lansink, 2018).
PLANET: Environmental pillar of sustainable development
Environmental stability occurs when processes, systems and activities minimize the impact of institutional facilities, products and operations on the environment. For renewable resources, the rate of harvesting should not be high at revival rates. For pollution, the amount of waste generated by the project should not be more than the environmental disassembly capacities. For renewable resources, it is necessary to compare renewable options for minimal source of renewable resources. Environmental initiatives in the catering industry include importing green and yellow plants, reducing waste, reducing plastic bags, and managing energy costs, reducing carbon footprints. The food and beverage industry has introduced four priorities to manage or control environmental sustainability: water, agricultural materials, production and distribution, and special packaging for its food and beverage business (Engida, Rao, Berentsen & Oude Lansink, 2018) .
Profit: Economic pillar of sustainable development
Financial stability is used to define strategies that encourage the use of socio-economic resources. A sustainable financial model offers equitable distribution and efficient resource allocation. In order to provide long term benefits and to make profits, we encourage you to use our concept in an effective and responsible manner. Profitable businesses are...