Nestlé is expediating its action on climate change and committed to achieving net zero greenhouse gas emissions by 2050.
The company said it will also sing the ‘Business Ambition for 1.5°C’ pledge.
Over the next two years, it will lay out a time-bound plan including interim targets consistent with the 1.5°C path. Nestlé will review its progress annually to ensure it is on track.
“We are running out of time to avoid the worst effects of global warming. That is why we are setting a bolder ambition to reach a net-zero future,” said Nestlé CEO Mark Schneider.
“Deploying Nestlé’s global resources and industry know-how, we know we can make a difference at significant scale. Our journey to net zero has already started. Now, we are accelerating our efforts.”
To achieve its 2050 ambition, the company will speed up the transformation of its products in line with consumer trends and choices.
It will launch more products that have a better environmental footprint and contribute to a balanced diet – including more plant-based food and beverage options.
Nestlé will also look to reformulate its products using more climate-friendly ingredients.
The company will aim to scale up initiatives in agriculture to absorb more carbon and strengthen its programs with farmers to restore land and limit greenhouse gas emissions.
Nestlé will step up efforts to protect forests by replanting trees and enhancing biodiversity. All of these initiatives will help build resilient agricultural communities.
Further, the company will use 100% renewable electricity in Nestlé factories, warehouses, logistics and offices.
