What's your views on the Corporate Climate Responsibility Monitor published on 7 February 2022?
We always welcome scrutiny of our actions and commitments on climate change, and we continue engaging with the authors of the report to clarify some misinterpretations about our commitments and performance.
Since 2019, our greenhouse gas emissions have already peaked, and have continued to decline. We are on track for a 20% absolute reduction in emissions by 2025, and a 50% absolute reduction by 2030 versus 2018. In 2021, we achieved a reduction of 4 million tonnes of greenhouse gas emissions.
Information on our approach to climate change can be found in our Nestlé Net Zero Climate Roadmap (pdf, 10Mb) released in late 2020. This document has been validated by the Science Based Targets initiative (SBTi) and the work that went into it is rigorous and extensive.
Our Roadmap is a starting point, and we remain focused on delivering against our public ambitions now and into the future. You can read more on our progress and achievements in our latest Creating Shared Value and Sustainability Report 2021 (pdf, 16Mb) and Climate Risk and Impact Report (pdf, 8Mb).
What is the scope of your Climate Roadmap? What have you already achieved?
Our climate targets are measured against a 2018 baseline (92 million tonnes of CO2e). Nestlé is already reducing greenhouse gas emission in absolute terms to achieve 50% by 2030 (approximately 46 million tonnes of CO2e).
In 2021, we achieved a reduction of 4 million tonnes of greenhouse gas emissions. These reductions were reviewed by EY, our auditors and achieved in full alignment with the Science Based Targets initiative (SBTi), which we see as the gold standard in this area.
Our targets cover all 3 scopes of our activities – this means we’re also addressing emissions that are not under our direct control. We transparently indicate which emissions fall within scope.
Read more about our progress toward net zero emissions.
What's your ambition regarding the use of renewable electricity? Why don't you provide more details?
Already more than 60% of the electricity we use across our sites is purchased from renewable sources. Our ambition is to move to 100% purchased renewable electricity across our sites globally by 2025.
Details on the amount of renewable electricity we purchase year on year is publicly available on global disclosure websites such as CDP including the breakdown per countries where we have the largest operations.
We also provide details about recent projects to switch or increase the use of renewable electricity. For instance, in 2021 we announced an investment in a 2,000-acre solar project in Texas. This is our largest direct investment (by capacity) in a renewable energy project to date, and we will purchase 100% of the renewable electricity generated by the project’s energy production.
What's the role of carbon offsetting in your net zero ambition?
Our Net Zero Roadmap does not rely on offsets. To achieve net zero emissions, we focus first on reducing emissions as far as possible. The remaining emissions are then addressed through in-setting: using natural climate solutions to increase the storage of carbon in land and soils in our own value chain.
As a food company with a large land footprint, most of our emissions come from agriculture and the ingredients we source. This why we want to make a significant contribution to decarbonization through natural climate solutions projects in our value chain. These 'insetting' projects take place within our supply chain and the landscapes where we source our raw materials, and help restore forests, wetlands and peatlands, or improve land management.