Danone Manifesto Ventures makes waste reduction and circular economy a priority

Danone Manifesto Ventures, our corporate venture unit, has invested in Phenix. Certified B Corp, Phenix is a French leader of the waste reduction sector, with more than 100 million meals saved since its creation in 2014, through its network of professionals, NGOs and committed citizens.

Danone Manifesto Ventures Phenix Food Waste

The United Nations estimates that one third of the global food production is wasted along all steps of the food value chain, from farm to plate. In France, approximately 10 million tons of food are wasted annually while 8 million people are exposed to food insecurity. Phenix aims at finding various solutions to end food waste: donations to NGOs and food banks, discounted sales via its consumer facing application, engagement with farmers for animal feeding, and direct sales in its “Nous Anti-Gaspi” stores. Doubling its impact every year, Phenix has emerged as a leading player in the waste reduction and food donation in France.

The investment by Danone Manifesto Ventures will enable Phenix to extend its position as a leader in the waste reduction sector (with 40 million meals saved in France in 2019) through the expansion of its consumer facing mobile application as well as its BtoB #TechForGood solution for food & beverage industry players.

« Food waste reduction is one of the major challenges that companies, NGOs, governments and consumers need to address collectively to promote a more sustainable and ethical food system. Danone has made this challenge a priority for many years through local and global initiatives. We are happy to partner with the talented Phenix team, which keeps inventing innovative solutions to solve this important issue. » Laurent Marcel–CEO, Danone Manifesto Ventures