• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
FinanceDavos 2017

Why I Ate Food Waste in Davos

By
Stephen Gandel
Down Arrow Button Icon
By
Stephen Gandel
Down Arrow Button Icon
January 19, 2017, 1:08 PM ET

I went to Davos and all I got to eat was a plate of waste.

Seriously.

There were lentils from broken packages headed for the garbage, browning carrots, and potatoes that were growing sprouts, all cooked in a giant cauldron over a fire built on top of a snow bank. It was pretty good. Others seemed to agree. All 1,000 plates were consumed.

The World Economic Forum, the conference being held this week in Davos, Switzerland that attracts CEOs and world leaders, has a reputation, only partly deserved, as being a party for global elite. But for most of the people who attend and are not at the top of Davos’ high-altitude food chain, the days are filled with meetings and panel discussions and very little food.

Shots of juice in the morning. A scoop of risotto for lunch. The tiny portions go quick. (I know, the violin playing is just as small.)

This year one non-profit is taking advantage of the weeklong starvation of the global elite to teach the confab with a reputation for excess how the world can better use everyday excess.

Gastromotiva is a Brazilian non-profit focused on hunger issues. It’s been around for 10 years, mostly teaching culinary skills in its home country to former convicts and homeless, and others who find the on ramp to the job market tough. But in the past year, it has launched an effort to repurpose food that has been destined for the dump, and resell it. So far, Gastromotiva has “recycled” granola and a jam, as well as dried banana snacks. They are shriveled and black. Gastromotiva’s CEO Nicola Gryczka says the group targeted bananas specifically.

“It ranks as the world’s No. 1 most wasted food,” Gryczka says.

The point is to raise awareness of food waste, or food surplus, as Gryczka calls it. The organization is also collecting unsold or uncooked food from restaurants in Rio that would normally go used. Gryczka says figuring out how to divert food waste from the dump to populations in need could be a significant victory in the war on hunger.

In Davos, Gastromotiva set up a cookout outside a church on the promenade that runs from the Congress Centre, where WEF is held to the restaurants and hotels where many of the morning power breakfasts and late-night soirées are held. For the past few years the ski town’s normal shops have been taken over by corporations trying to advertise to the global elite. Gastromotiva’s cauldron is down the street from the outposts of Palantir, Facebook, and Salesforce.

On the day I went to the cookout they were serving a Nepalese stew. It tasted as good as new food. All the food waste, including nearly 500 pounds of old potatoes, came from Zurich. And Gryczka says it was all consumed. Food waste is being put on the front burner lately. Chef (and famously short-tempered television cooking star) Gordon Ramsay this week announced that he is going to serve up normally discarded ingredients at a pop-up restaurant in London.

At Davos this week, global bank UBS announced an effort to try to funnel more private investment into organizations that are focused on improving the world. From connections made at Davos—part of the WEF’s mission is to promote groups that are focused on solving global issues like hunger—Gastromotiva is one of the non-profits that have been chosen in the first round of the UBS’s efforts.

Gastromotiva isn’t just calling attention to hunger issues at Davos—it’s also attracting capital.

UBS has not yet figured out how it will structure the investment in the non-profit. But it will probably be like social impact bonds. Gryczka says the company’s new reused food products do not yet break even for the non-profit. UBS says they hope to set a structure for the deal by the end of the second quarter of the year.

About the Author
By Stephen Gandel
See full bioRight Arrow Button Icon

Latest in Finance

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Fortune Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map

© 2025 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.


Latest in Finance

Trump stands in front of a podium, about to speak
RetailHolidays
Trump just declared December 26th a national holiday. What’s open and closed?
By Dave SmithDecember 26, 2025
2 hours ago
CryptoWeb3
The world’s leading blockchain-based taxi app is setting its sights on New York City
By Angelica AngDecember 25, 2025
10 hours ago
InvestingCollectibles
Logan Paul auctions off $5.3 million Pokémon card, urging young people to invest more in nontraditional assets: ‘Don’t be afraid to take a risk’
By Sydney LakeDecember 25, 2025
20 hours ago
Mark Zuckerberg stands in a doorway
Real EstateMark Zuckerberg
Mark Zuckerberg gifted noise-canceling headphones to his Palo Alto neighbors because of the nonstop construction around his 11 homes
By Dave SmithDecember 25, 2025
23 hours ago
Personal FinanceCertificates of Deposit (CDs)
Best CD rates today, Dec. 25, 2025: Earn up to 4.18% APY if you lock in now
By Glen Luke FlanaganDecember 25, 2025
1 day ago
Personal FinanceSavings accounts
Today’s best high-yield savings account rates on Dec. 25, 2025: Earn up to 5.00% APY
By Glen Luke FlanaganDecember 25, 2025
1 day ago

Most Popular

placeholder alt text
Real Estate
Mark Zuckerberg gifted noise-canceling headphones to his Palo Alto neighbors because of the nonstop construction around his 11 homes
By Dave SmithDecember 25, 2025
23 hours ago
placeholder alt text
Success
Chinese billionaire who has fathered more than 100 children hopes to have dozens of U.S.-born boys to one day take over his business
By Emma BurleighDecember 25, 2025
1 day ago
placeholder alt text
Personal Finance
Trump turns government into giant debt collector with threat to garnish wages on millions of Americans in default on student loans
By Annie Ma and The Associated PressDecember 24, 2025
2 days ago
placeholder alt text
Economy
Even if the Supreme Court rules Trump's global tariffs are illegal, refunds are unlikely because that would be 'very complicated,' Hassett says
By Jason MaDecember 21, 2025
5 days ago
placeholder alt text
Retail
Trump just declared Christmas Eve a national holiday. Here’s what’s open and closed
By Dave SmithDecember 24, 2025
2 days ago
placeholder alt text
Success
Meet the millennial father of six who rebuilt his life through the trades—and questions America's obsession with college
By Eva RoytburgDecember 24, 2025
2 days ago