Nestlé has been again commended for its climate action, achieving a place on global environmental impact non-profit CDP's ‘A List’ for climate change, based on the company’s climate reporting in 2019.
CDP's annual environmental disclosure and scoring process is widely recognized as the gold standard of corporate environmental transparency.
The annual ‘A list’ names the world's businesses leading on environmental performance and Nestlé is one of a small number of high-performing companies out of thousands that were scored.
Nestlé was recognized for its actions to cut emissions, mitigate climate risks and develop the low-carbon economy, the confectionary giant said.
"Nestlé is pleased to be on the CDP climate 'A list' again this year, said Magdi Batato, executive vice president," head of operations at Nestlé.
"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."
2050 Net Zero Ambition
Nestlé's 2050 net zero ambition builds on the company’s decade-long efforts to reduce greenhouse gas emissions in its value chain.
"Last year, we announced that we will accelerate action to tackle climate change and committed to zero net emissions by 2050," Batato said.
"We will continue to step up our efforts and we call on others to embark on this journey with us."
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.
Last week, Nestlé announced that it will invest up to €1.9 billion (CHF 2 billion) to lead the shift from virgin plastics to food-grade recycled plastics and to accelerate the development of innovative sustainable packaging solutions.
Building on its 2018 commitment to make 100% of its packaging recyclable or reusable by 2025, Nestlé said that it will will reduce its use of virgin plastics by one third in the same period whilst working with others to advance the circular economy and endeavor to clean up plastic waste from oceans, lakes and rivers.
© 2019 Checkout – your source for the latest Irish retail news. Article by Donna Ahern. Click sign-up to subscribe to Checkout.