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Nestlé supports 'no business as usual' on EU green recovery

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Nestlé has joined other companies in supporting the EU Green Deal and ambitious climate targets on the road to a green and inclusive economic recovery in Europe.

Government stimulus plans must focus on supporting an equitable, green recovery from the COVID-19 pandemic – building a better future for all. Companies must play their part, in particular by moving quickly to new, more sustainable ways of producing and working.

That is why Nestlé has signed a World Economic Forum call (pdf, 200Kb) to reset Europe's economy with a new growth model on the path to net-zero emissions, based on circularity, renewable energy and low-carbon industries.

This follows a separate letter from business leaders and investors – including Nestlé – calling on EU Member States to support an increased target on greenhouse gas reduction of at least 55% by 2030.

Marco Settembri, Nestlé CEO for Europe, Middle East and North Africa, signed both initiatives. He said: "Climate change is one of the biggest challenges facing society and our business. Working together, we can make a difference and significantly reduce emissions. That's why we strongly support the EU Farm to Fork Strategy, a green and inclusive recovery from COVID-19 and ambitious emissions reduction targets – building a better future for all."

Nestlé has already set ambitious sustainability targets including on packaging and climate change, including zero net greenhouse gas emissions across its supply chain by 2050.

Given its extensive food supply chains, Nestlé is placing particular importance on regenerative agriculture, restoring forests and soil. The company is strengthening its programs with farmers to restore land and limit greenhouse gas emissions. This includes efforts to conserve forests by replanting trees and enhancing biodiversity. All of these initiatives will help build resilient agricultural communities.

Read the WEF news release

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