Nestle to spend USD 3.58 Billion to cut carbon emissions

The company's logo is seen at a Nestle plant in Konolfingen, Switzerland

On Thursday, Nestle said it plans to invest 3.2 billion Swiss francs (USD 3.58 billion) over the next five years to decrease its climate impact and help it get to net zero emissions by 2050.

The world’s largest food company said it would work with suppliers and farmers to develop regenerative agriculture, plant hundreds of millions of trees, and change to renewable electricity for all its power by 2025.

The maker of Nescafe coffee and KitKat chocolate bars, which produced 92 million tonnes of greenhouse gases in 2018, said it would fund these investments primarily through structural and operational efficiencies to keep these energy earnings neutral.

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