Stemming the advance of climate change is an urgent task that requires collective action from businesses, governments, academic institutions, non-profit organizations and individuals. That's why Nestlé is pleased to participate in Climate Week NYC, the largest international climate summit showcasing climate action.
Nestlé CEO Mark Schneider spoke about the company's ambition to achieve zero net greenhouse gas emissions by 2050 at the Walmart Sustainability Milestone Summit, part of Climate Week's Live Hub. Nestlé's global strategy includes: transforming its portfolio to introduce more products that are better for you, better for the planet; sourcing 100% renewable electricity and scaling up nature-based solutions that remove carbon within our supply chain.
Restoring and protecting forests is one of the ways Nestlé is harnessing nature to fight climate change. As part of its broader global reforestation initiative, the company recently announced a CHF 4 million investment into Project RELeaf, to plant three million trees in Malaysia over the next three years. Earlier this year, it disclosed its aim to plant three million trees in key sourcing locations in the Americas and partnered with the government of Côte d'Ivoire to protect and restore the Cavally forest reserve. These initiatives will help strengthen Nestlé's supply chain, making it more resilient.
Slowing the pace of climate change is a complex problem that will require large-scale collective action to achieve sustainable results. Nestlé and Walmart are among 17 companies stepping up actions to build a forest positive future. Earlier today as part of Climate Week 2020, The Consumer Goods Forum (CGF) launched the Forest Positive Coalition of Action. Signatories will work together and use their collective voice to accelerate systemic efforts to remove deforestation, forest degradation and conversion from the key commodity supply chains of palm oil, soy, and paper, pulp and fiber-based packaging, and drive transformative change across the industry.
As a Walmart supplier, Nestlé will report its reforestation progress through Project Gigaton, contributing to the retailer's effort to remove one billion metric tons (a gigaton) of greenhouse gas emissions from its global value chain by 2030. In 2019, through Project Gigaton's forests pillar, Walmart suppliers reported avoiding more than 20 million metric tons of CO2.
Read more on Nestlé USA's website