Nestle invests big to cut carbon emissions

It produced 92 million tonnes of greenhouse gases in 2018.

But Nestle is taking action.

The world's biggest food company said on Thursday (Dec 3) it plans to invest over $3.5 billion over the next five years to reduce its climate impact.

With an aim to get to net zero emissions by 2050.

Nestle said it will work with farmers and suppliers to promote regenerative agriculture - like restoring soil health,

The company plans to source more than 14 million tons of its ingredients from farmers using these techniques.

It also plans to switch to renewable electricity for all its power by 2025.

The maker of KitKat chocolate bars and Nescafe coffee, said it would finance these investments primarily through operational and structural efficiencies.

Nestle's said its also has plans to scale up it reforestation programme.

It aims to plant 20 million trees every year for the next decade in the areas where it sources ingredients.

As well as offsetting all business travel by 2022.

Continuing its push into plant-based products, the company said it wanted to raise the number of ‘carbon neutral’ brands it owns.