1.5

Billion Dollars

in 2019 revenue

90%

Less Decay

in produce when food retailers use Save Foods solutions

644

Million Tons

of fruit and vegetables are wasted globally along the value chain every year


The Path to Drawdown: Food Waste

Producing and preparing food is resource intensive - it takes water, energy, land, fertilizer, hours of labor, transportation, and financial capital to make it happen. So when food is wasted, either in transit, grocery stores, restaurants, or households, those resources are wasted. In fact, somewhere between 30-40% of the food raised or prepared never makes it to people's mouths.

Food waste accounts for 4.4 gigatons of greenhouse gases released in the atmosphere, or roughly 8% of total human-caused emissions. In low-income countries, food waste happens because of poor storage conditions, inadequate equipment or packaging, and a combination of heat and humidity. In higher-income countries, most of the food waste happens further down the supply chain: retailers reject food based on their aesthetic appearance or consumers overestimate how much food they will cook in a given week.

Solutions to food waste abound. Things as simple as using improved storage bags, silos or crates during transit can make a difference early in the supply chain. At the retail and consumer levels, setting food waste targets, generating public awareness about the issue, and changing consumer behavior toward food would greatly reduce waste.

Project Drawdown estimates that if these solutions are aggressively pursued, we can cut 101.7 gigatons of greenhouse gases from food waste between now and 2050.

About

Save Foods, Inc. (stock ticker: SVFD) develops and sells eco-friendly green solutions to enhance food safety and shelf life of fresh fruits and vegetables. Their products are based on proprietary blend of food acids combined with an oxidizer, and is capable of cleaning, sanitizing, and controlling pathogens on fresh produce to make them safe for human consumption or which lead to various forms of decay in fruit and vegetable. Save Foods was incorporated in 2009 and is headquartered in Lower Galilee, Israel.

SVFD's Role in Drawdown

Save Foods sells post-harvest food acid and oxidizer blends that extend the shelf life of food, preventing food waste.

Their produce portfolio includes SavePROTECT or PeroStar, a processing aid used in post-harvest treatment added to fruit and vegetable wash water, and SF3HS and SF3H, a post-harvest cleaning and sanitizing solution to control both plant and foodborne pathogens. They also offer SpuDefender product for controlling post-harvest potato sprouts and FreshProtect product for controlling spoilage microorganisms on post-harvest citrus.

By extending the shelf life of produce, they reduce food waste. And by reducing food waste, they help reduce methane emissions that come from anaerobic decomposition of organic matter.

SVFD: What We Like

We'll update this section once Safe Foods makes sustainability information available.

SVFD: What We Want to See Improve

Disclose Sustainability Information


Save Foods is a young company and a small operation. Their R&D and manufacturing facility (p. 28) is only 70 square feet, and they only have six employees as of the end of 2020. So their carbon footprint must be correspondingly small. But as more investors demand transparency about the climate impact of their portfolio, Save Foods will also be called upon to disclose key sustainability metrics. We'd like to see them publish an annual sustainability report that includes their absolute greenhouse gas emissions, sources of energy use, and waste generated.

Set Clear Goals


Once they disclose sustainability metrics, we'd like to see Save Foods setting forth targets for cutting greenhouse gas emissions within this decade. These targets should be science-based, in line with the global ambition to stay under 1.5°C of global warming. 

Scale to Profitability


Save Foods reports (p. 32) that they're currently focused on R&D, and have recently sustained losses. We think Save Foods' products are a valuable solution to reducing food waste, so we're eager to see them scale their operations and sales to the point of profitability in the near future.

Other Food Waste Stocks in the Climate Index

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