Nestle To Invest $1.01 Billion on Responsible Coffee Farming
October 04 2022 - 3:12AM
Dow Jones News
By Maitane Sardon
Nestle SA plans to invest over 1 billion Swiss francs ($1.01
billion) to help make coffee farming more sustainable.
The Swiss packaged-foods giant said Tuesday that it has launched
the NESCAFE Plan 2030 under its largest coffee brand to support its
goal of having 100% responsibly-sourced coffee by 2025 and half of
the coffee it grows sourced from regenerative agricultural methods
by 2030.
As part of the plan, the company will provide farmers with
training, technical assistance, and high-yielding coffee plantlets
to help them transition to regenerative coffee farming practices,
Nestle said. It added it will also work with coffee farmers to test
and assess agriculture practices that restore the soil
biodiversity. It said it will focus on Brazil, Vietnam, Mexico,
Colombia, Ivory Coast, Indonesia, and Honduras, the countries where
the brand sources 90% of its coffee.
Write to Maitane Sardon at maitane.sardon@wsj.com
(END) Dow Jones Newswires
October 04, 2022 02:57 ET (06:57 GMT)
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