Nestle to Invest $130 Million in Water Projects
June 29 2021 - 5:47AM
Dow Jones News
By Maitane Sardon
Nestle SA said Tuesday that it will invest 120 million Swiss
francs ($130.57 million) in projects to help regenerate ecosystems
in the areas where its bottled-water division operates.
The Swiss food giant said it will implement more than 100
projects in 48 sites by 2025 as it works toward getting
certifications for all of its waters sites from the Alliance for
Water Stewardship, an independent nonprofit dedicated to advancing
sustainable water use.
As part of the initiative, Nestle said it would deliver water
treatment, filtration and pipeline infrastructure for the municipal
water supply in Benha, Egypt, and help develop river restoration
and renaturation projects in Vosges, France, among others.
Nestle said it would work with local water users, communities
and experts to identify, develop and advance projects specific to
the challenges each location faces.
It would use a methodology designed by the Volumetric Water
Benefit Accounting, a guide for water stewardship activities, to
calculate and evaluate the benefits of the projects, Nestle
said.
Nestle said it would share details on water usage at each of its
sites and how it is contributing to regenerate the areas where it
operates.
Write to Maitane Sardon at maitane.sardon@wsj.com
(END) Dow Jones Newswires
June 29, 2021 05:37 ET (09:37 GMT)
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