Nestle to Invest CHF3.2 Billion in Climate-Change Initiatives
December 03 2020 - 2:59AM
Dow Jones News
By Pietro Lombardi
Nestle SA will invest 3.2 billion Swiss francs ($3.58 billion)
in initiatives aimed at tackling climate change over the next five
years.
The Swiss food and beverage giant said Thursday that the
investments will be funded mostly through operational and
structural efficiencies and shouldn't have an impact on
earnings.
Around CHF1.2 billion will go towards fostering regenerative
agriculture in its supply chain, the company said.
As part of its efforts, Nestle aims to reach 100% renewable
electricity in the next five years and to support farmers and
suppliers to advance regenerative agriculture. It also wants to
plant 20 million trees every year for the next 10 years in regions
where it sources ingredients.
Write to Pietro Lombardi at pietro.lombardi@wsj.com;
@pietrolombard10
(END) Dow Jones Newswires
December 03, 2020 02:44 ET (07:44 GMT)
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