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Corporate Climate Responsibility Monitor

Is Nestlé’s net zero plan to fight climate change credible?
turbines-renewable-energy

What are your views on the Corporate Climate Responsibility Monitor published on 7 February 2022?

Our greenhouse gas emissions have already peaked and continue to decline. By 2030, our plan is an absolute reduction of emissions by 50% even as our company grows.

Our net zero Climate Roadmap has been validated by the Science Based Targets initiative (SBTi). The work that went into it is rigorous and extensive. We also engaged with the New Climate Institute to explain the data and methodology behind our strategy.

We welcome scrutiny of our actions and commitments on climate change. However, the New Climate Institute's Corporate Climate Responsibility Monitor (CCRM) report contains significant inaccuracies regarding Nestlé’s climate change commitments and performance. 

Our Roadmap is a starting point, and we remain focused on delivering against our public ambitions now and into the future.

Read more on our actions on climate change and our progress in our Creating Shared Value and Sustainability report.

What is the scope of your Climate Roadmap? What have you already achieved?

Our climate targets are measured against a 2018 baseline (92 million tonnes of CO2e). Nestlé is already reducing greenhouse gas emission in absolute terms to achieve 50% by 2030 (46 million tonnes of CO2e). Here are a few examples of our work:

  • Many dairy farms produce biogas from manure.
  • Our factories and offices are switching to renewable electricity.
  • We promote the use of natural fertilisers.
  • We are introducing regenerative practices to reduce and remove CO2.

Our targets cover all 3 scopes of our activities. We clearly and publicly state which emissions fall within scope. This not only aligns with—but goes beyond— the recommendations in the recently released SBTi Net-Zero Standard (pdf, 2Mb).

Our Roadmap is a starting point, and we remain focused on delivering against our public ambitions now and in the future. We will continue to report publicly on progress in our Creating Shared Value and Sustainability Report (pdf, 15Mb).

In the UK and Ireland, 100% of our grid-supplied electricity already comes from renewable sources.

What's the role of carbon offsetting in your net zero ambition?

Our Net Zero Roadmap does not rely on offsets. To achieve our Roadmap, emissions contained in the established carbon footprint baseline must first be reduced as far as possible. Removals within our value chain can then be used to address what is left. The corporate net zero pledge is guided by the SBTi, related to the United Nations 1.5°C Paris Agreement.

In addition to our corporate work, we want to involve our brands to engage consumers on our journey. To become carbon-neutral certified, our brands must assess their total GHG emissions. They must then reduce and remove part of these emissions in their own operations and value chain (and, over time, increase these efforts as part of our overall company journey) before offsetting the remainder through high-quality, verified schemes. For instance, our plant-based beverage brand Wunda is certified carbon neutral. You can read more about the approach and methodology used on its website.

How do you plan to improve your approach and transparency around your climate actions?

As we enhance our ability to identify and measure emissions and as data quality improves over time (e.g., disclosures from our suppliers, etc.), our understanding will further improve.