Another circular economy initiative has been announced by a large Australian business, this time by Woolworths Group (ASX:WOW), which will use overripe bananas in bread.
According to a release from the retail giant, 50 cents from each loaf sold would be donated to charity OzHarvest. The bread will be baked in-store and be available in regular and chocolate chip varieties.
“We looked at how we could do our part in the bakery department and with the overripe bananas that are unable to be sold,” said Woolworths Head of Bakery, Andy Thomas.
The announcement follows the company’s announcement in September of a limited-run pale ale made from unused bread. Other companies to announce circular economy initiatives include Officeworks, which announced a pen and battery collection scheme in November.
It’s estimated that roughly a third of all food produced is wasted, and half of all fruit and vegetables grown end up as waste.
The news follows an announcement on Monday that Closed Loop’s Simply Cups initiative – whose major partner is 7-Eleven – had recycled its 10 millionth disposable cup.
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