Promote transparency and proactive, long-term engagement in climate policy
Investors want to know how companies are responding to climate change. Nestlé agrees that transparency is vital, which is why we maintain an open dialogue with our stakeholders on our activities and how we are engaging in climate policy.
Demonstrating our commitment
Acting on climate change is everyone’s responsibility. We are encouraging collaboration and calling for a global consensus on the best course of action. The COVID-19 pandemic has presented a renewed opportunity to advocate for collective action and we have joined other companies in calling for environmental sustainability to be prioritized in recovery plans.
We know that investors share this passion for sustainable development in response to climate change. To gain a clearer picture of what matters most to them, we engage with over 500 investors through Climate Action 100+, openly disclosing our climate efforts.
Joining the Race to Zero
In June 2020, we joined the Race to Zero campaign, alongside over 2000 businesses, cities, investors, regional leaders and universities who share our dedication.
Nestlé participated in global events and movements, including UN Climate Week, highlighting our commitment to put this ambition at the heart of every decision we make. We advocated for nature-based solutions, including at the Walmart Sustainability Milestone Summit and later in 2020 we joined the Exponential Roadmap Initiative.
Setting a global benchmark for sustainability
In 2002, Nestlé joined FoodDrinkEurope, an organization established to support the industry in meeting consumer and societal needs while simultaneously pursuing sustainable growth. In June 2020, Nestlé’s CEO for Zone Europe, Middle East and North Africa (EMENA), Marco Settembri, was proud to become FoodDrinkEurope President. In his new role, Marco hopes to develop the European food and drink industry into the global standard for sustainability.
Throughout 2020, resources were redirected to ensure continued access to safe, affordable and quality products by unblocking food supply chain bottlenecks and keeping borders open to deliveries. At the same time, FoodDrinkEurope members maintained important dialogues on various sustainability topics, including the European Green Deal, biodiversity and water protection, and food waste reduction. In October 2020, Marco attended the inaugural Farm to Fork conference on creating a more sustainable food system.
FoodDrinkEurope, led by Nestlé, is now calling for the alignment of EU environmental footprint methodology, based on Product Environmental Footprint (PEF) criteria. The harmonized framework will provide a set of rules for disclosing environmental product information in a credible and reliable way, establishing the European food and drink industry as a leader in transparency.