Nestlé has announced its ambition to achieve zero net greenhouse gas emissions by 2050. It embraces the most ambitious aim of the Paris Agreement, to limit global temperature rise to 1.5°C.

Ahead of the UN Secretary-General’s Climate Action Summit next week, Nestlé will also be signing the ‘Business Ambition for 1.5°C’ pledge.

With this announcement Nestlé is accelerating its climate change efforts. This builds on a decade of work to reduce greenhouse gas emissions. Over the past four years, Nestlé has aligned its objectives with science-based targets to keep the temperature increase below 2°C. The company is determined to play a leading role in tackling climate change. Over the next two years, it will lay out a time-bound plan including interim targets consistent with the 1.5°C path. Nestlé will review its progress annually to ensure it is 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, Nestlé 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 Nestlé’s global resources and industry know-how, we know we can make a difference at significant scale. Our journey to net zero has already started. Now, we are accelerating our efforts,” he added. To achieve its 2050 ambition, some of the company’s specific actions include speeding up the transformation of its products in line with consumer trends and choices and scaling up initiatives in agriculture to absorb more carbon. Another specific action is using 100 per cent renewable electricity in Nestlé factories, warehouses, logistics and offices. A third of Nestlé factories (143) are already using 100 per cent renewable electricity. Nestlé will continue to increase the use of energy from renewable sources. This will enable suppliers to invest in new infrastructure such as wind and solar farms. Magdi Batato, executive vice president, head of operations at Nestlé said: “To align our goals to the 1.5°C pathway, we are transforming our operations. This will lead to a major shift in the way our ingredients are produced and sourced. We will need our suppliers to embark on this journey with us. The task is huge but we are determined to make it happen.”