An A for Nestlé
Nestlé is recognised for its actions to cut emissions, mitigate climate risks and develop the low-carbon economy
“Nestlé is pleased to be on the Carbon Disclosure Project’s (CDP’s) climate ‘A list’ again this year,” boasts Magdi Batato, executive vice president, head of operations at Nestlé. CDP is a not-for-profit charity that runs the global disclosure system for investors, companies, cities, states and regions to manage their environmental impacts.
“This pays tribute to our leadership in climate change, which is one of the biggest threats we face as a society and to the sustainability of our business,” adds Batato. “Last year, we announced that we will accelerate action to tackle climate change and we are committed to achieve zero net emissions by 2050. We will continue to step up our efforts, and we call on others to embark on this journey with us.”
Nestlé’s 2050 net zero ambition builds on the company’s decade-long efforts to reduce greenhouse gas emissions in its value chain. Plans to achieve this goal include restoring farmland and forests, increasing the use of renewable energy and reformulating products that have a better environmental footprint and contribute to a balanced diet.
As the company continues to step up its climate efforts, Nestlé announced it will invest up to two billion Swiss Francs (over R30 billion) to lead the shift from virgin plastics to food-grade recycled plastics and to accelerate the development of innovative sustainable packaging solutions.