Nestlé will invest 3 billion for the climate
The Swiss agri-food group has unveiled its plan to achieve carbon neutrality by 2050. -
Like a number of agrifood and consumer goods groups, the Swiss Nestlé wants to achieve zero net greenhouse gas (GHG) emissions by 2050. While it has emitted 92 million tonnes in 2018. In this perspective, he unveiled a detailed climate plan, with a timetable. For the next five years, it will devote 3.2 billion Swiss francs (2.96 billion euros) to it. The actions are focused on "regenerative agriculture" , the planting of 20 million trees per year for the next ten years and the complete transition of the company towards the use of 100% electricity from renewable sources. 'by 2025. In addition, it indicates continuing to increase the number of its brands that target this goal. “The Board recognizes that taking decisive action to tackle climate change is of strategic importance. This reinforces the acceleration and intensification of our action in order to ensure the long-term success of our company and to help secure the future of generations to come, ” comments Paul Bulcke, President of Nestlé.
100% renewable electricity
From an industrial standpoint, Nestlé plans to complete the switch to the use of 100% renewable electricity at its 800 sites in the 187 countries where the group operates. It also takes " measures to preserve and regenerate water and fight against food waste in its operations" . Within its product portfolio, it continues to expand its range of foods and beverages of plant origin, as well as reformulating its products to make them more environmentally friendly. To "give consumers the opportunity to contribute to the fight against climate change" , the line of plant-based foods Garden Gourmet and the Garden of Life supplements will achieve carbon neutrality within two years, followed by the brands of Sweet Earth plant-based foods, among others, by 2025. “These commitments are in addition to those of Nespresso, S.Pellegrino, Perrier, Vittel and Acqua Panna with the aim of achieving carbon neutrality by to 2022 and to that of the other brands in the Nestlé Waters category in order to achieve the same objective by 2025 ” , he explains.
Too Good To Go Pact
In France, which represents around 5% of Nestlé's total GHG emissions, the group has launched several actions. In addition to promoting agroecology and agroforestry and reforestation operations, Nestlé France has converted its 18 industrial sites to electricity from renewable sources. “Four new biomass boilers will be installed by 2025,” adds the French subsidiary, which emphasizes that its units have managed to reduce their water consumption by 26% in ten years. Finally, the Mousline, Chocapic, Nesquik, Ricoré and Nestlé Dessert brands are involved in the fight against food waste through the signing of the Too Good To Go pact .
Nestlé further reports that all of these emission reduction targets have been approved by the Science-Based Targets initiative as reaching the levels required to meet the Paris Agreement targets. And the agrifood group will communicate updated information each year "in order to be transparent on the progress made" .
Nestlé achieved sales of 92.6 billion Swiss francs (85.6 billion euros) in 2019 and employs 291,000 people.