GlobalData offers a comprehensive analysis of Nestle, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on Nestle‘s ESG performance. GlobalData’s company profile on Nestle offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
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Nestle, a global food and beverage company, has set target to achieve net zero by 2050 to reduce its carbon emissions. Nestle is committed to addressing scope 1, scope 2, and scope 3 emissions. The company has set targets to decrease greenhouse gas (GHG) emissions by 20% by 2025 and 50% by 2030, relative to 2018 levels, with the ultimate goal of achieving net zero emissions by 2050 at the latest.
The company witnessed a decline of 6.4 million tonnes in emissions compared to a business-as-usual scenario, and there is a commitment to continue reducing emissions, even amidst growth.
Nestlé acknowledges the urgency to reduce Scope 1 and 2 emissions, while emphasizing the significant impact of Scope 3 emissions. Aligning with its commitment to scaling up regenerative food systems, Nestlé highlights the pivotal role of combatting deforestation and forest restoration in achieving net-zero goals. The company has already initiated emission reduction steps and is investing in diverse initiatives, including addressing deforestation, designing recyclable packaging, reducing water consumption, promoting nutritional solutions, and supporting global youth initiatives. These actions underscore Nestlé's dedication to sustainability and minimizing its environmental footprint.
In conclusion, Nestle is actively working towards achieving net-zero targets and reducing its carbon emissions. The company has identified key areas such as deforestation, plastic packaging, water use, nutrition, and youth initiatives to focus on. By investing in these areas and implementing sustainable practices, Nestle aims to make significant progress in reducing its emissions and contributing to a more sustainable future.
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