Abstract
Learning outcomes: The learning outcomes are as follows: to evaluate the suitability of Surplus business model from accounting, finance, strategy and cultural perspectives; to identify the factors that contribute to the reluctance of business partners to join Surplus ecosystem and to suggest solutions; to identify the factors that contribute to the reluctance of consumers to join Surplus ecosystem and to suggest solutions; and to address unique funding and financial challenges faced by Surplus. Case overview/synopsis: This case study discussed the challenges faced by Surplus Indonesia, a company founded upon the belief that a harmonious balance can be achieved between profitability and environmental stewardship. Stemming from the founder’s encounter with leftover food going to waste after buffets, Surplus embarked on a pioneering initiative using an application technology to address food wastage at the consumer level. Collaborating with various stakeholders such as retail outlets, restaurants, bakeries, cafes and hotels, the goal was to combat food waste while supporting Sustainable Development Goals 2, 12 and 13: Zero Hunger, Responsible Consumption & Production and Climate Action, respectively. Each meal saved through the Surplus app not only translated to reduced expenses for businesses but also contributed to reducing greenhouse gas emissions from landfills. Surplus’ overarching mission was to cut food waste and loss in Indonesia by half by 2030, fostering an environment where food waste is virtually nonexistent in the nation. Complexity academic level: Undergraduate as well as graduate courses that focus on sustainability, accounting, financing and strategy Supplementary material: Teaching notes are available for educators only. Subject code: CSS 1: Accounting and Finance.
Original language | English |
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Pages (from-to) | 1-25 |
Number of pages | 25 |
Journal | Emerald Emerging Markets Case Studies |
Volume | 14 |
Issue number | 4 |
DOIs | |
Publication status | Published - 2024 |
Keywords
- Angel investor
- Consumer food purchasing
- Corporate strategy
- Financial analysis
- Food loss
- Food waste
- Funding
- Surplus Indonesia