We are accelerating our climate change efforts by announcing that we will achieve net zero emissions by 2050. By doing so, Nestlé is embracing the most ambitious aim of the Paris Agreement to limit the global temperature rise to 1.5°C above pre-industrial levels.
With this announcement, we are building on a decade of work to reduce greenhouse gas (GHG) emissions, aligned over the last four years with science-based targets to keep the temperature increase below 2°C.
Creating shared value...
Making an impact on this issue means we can support the livelihoods of the farmers who supply us for years into the future, while ensuring a healthy planet for us all.
For our business
Stabilizing emissions will allow us to manage the many risk factors that climate change brings to our value chain, from sourcing raw materials in drought-affected regions to dealing with the problems of deforestation.
Why it matters
Climate change impacts are already apparent in shifting weather patterns, extreme weather events and reduced resource availability. Everyone, globally, will feel the effect of these changes, from the farmers who supply Nestlé to the consumers who enjoy our products.
Under current forecasts, global temperatures could rise by 3–4°C, an increase that would drastically impact people and the planet alike. Interventions and business initiatives must be developed with increased urgency to deliver global reductions in GHG emissions and higher levels of resilience throughout the value chain.
In 2019, we scaled up our efforts to reduce our environmental impact, as well as that of our suppliers. We announced a new ambition to achieve net zero GHG emissions by 2050, in line with the UN climate pledge. To guide our efforts, we have identified several key actions: fight deforestation in partnership with other organizations, reduce food loss and waste, work with dairy farmers to reduce GHG emissions, develop alternative packaging solutions, and help suppliers manage soils through regenerative agriculture and tree planting. We are also investing more in renewable energy in our factories.
We have received external recognition for our efforts, achieving a score of 94 in the Environmental dimension of the 2019 Dow Jones Sustainability Index and of 100 for Water, the highest possible score. We disclose our efforts to the CDP annually and in 2019 maintained our position in the A list in the Climate Change section.
We were also named as a Global Compact LEAD company in 2019 for our ongoing commitment to the Ten Principles of the UN Global Compact and support of the SDGs.
We know that climate change cannot be resolved without collaboration. We will continue to develop more robust and wide-reaching initiatives as we move into the final year of our 2020 commitments and work toward 2050 ambitions. In 2019, we worked with Lancaster University to assess the impact of various climate change scenarios on our business and how we can disclose the results in line with Task Force on Climate-related Financial Disclosures (TCFD) recommendations.
In June 2020, we announced our pledge to make our entire global water portfolio carbon neutral by 2025. We will pursue high-quality offsets in addition to investing in projects that reduce or capture carbon across our portfolio. Further, we are prioritizing International brands Perrier, S.Pellegrino and Acqua Panna to achieve carbon neutrality by 2022.
Our work on acting on climate change contributes to SDGs 7, 9, 12, 13, 15 and 17.