Nestle vows zero net emissions by 2050
Nestle has announced its ambition to achieve zero net greenhouse gas emissions by 2050, embracing the most ambitious aim of the Paris Agreement of limiting global temperature rise to 1.5 degrees Celsius.
The company said it was accelerating its climate change efforts. Over the past four years, Nestle said it had aligned its objectives with science-based targets to keep the temperature increase below 2 degrees Celsius.
The company vowed to play a leading role in tackling climate change and said that over the next two years, it would come up with a time-bound plan consistent with the 1.5 degrees Celsius goal. Nestle said it would review its progress annually to ensure it was on track.
“Climate change is one of the biggest threats we face as a society. It is also one of the greatest risks to the future of our business,” said Mark Schneider, Nestle’s CEO.
“We are running out of time to avoid the worst effects of global warming. That is why we are setting a bolder ambition to reach a net-zero future. Deploying Nestle’s global resources and industry know-how, we know we can make a difference at a significant scale. Our journey to net zero has already started. Now, we are accelerating our efforts,” he added.
