Food waste has societal, environmental, and economic consequences far greater than most understand. In the U.S., 40% of the food produced goes uneaten and 1 in 6 Americans lacks a safe secure supply of food. Further, discarded food accounts for 21% of landfill volume and produces 23% of total methane emissions. This represents $165 billion each year wasted. GlobeSteps to reduce food waste can feed hungry people, lower greenhouse gas emissions, generate revenue, decrease expenses, increase tax deductions, and improve brand reputation, especially as awareness of this topic grows. Examples of food waste reduction steps already taken by food and restaurant companies include donating surplus food to charities, converting bakery waste to livestock feed, converting cooking oil to biodiesel, as well as recycling and composting. Therefore, Friends Fiduciary with other investors sent letters to several food and restaurant companies (Restaurant Brands, Cracker Barrel and Supervalue, Inc.) addressing our concerns and asking each to measure and disclose food waste, set goals to reduce food waste, and adopt practices to achieve food waste goals. It is our hope that companies will recognize the various benefits of reducing food waste and disclose their efforts and progress on a regular basis to shareholders. Click here for template letter