This means if food waste was a country, it would be the third-largest greenhouse gas emitter on the planet behind China and the U.S.

While many companies have set food waste reduction targets, there hasn’t been a uniform way to measure where and how much food is lost across operations — some consider food that goes to compost as waste; some companies don’t.

A new international standard, launched at the Global Green Growth Forum (3GF) Summit 2016, addresses this issue. According to its developers, including World Resources Institute and the Consumer Goods Forum, the Food Loss and Waste Accounting and Reporting Standard (FLW Standard) will create a globally consistent framework for measuring and managing food waste.

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