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…CUTS GREENHOUSE GAS EMISSIONS
AMINA HUSSAINI
Following the increasing sea level and global temperatures that are causing climate change, Nestlé says it is targeting 2050 to achieve zero net emissions.
The food and beverage giant is embracing the most ambitious aim of the Paris Agreement to limit the global temperature rise to 1.5°C above pre-industrial levels, according to data from the company.
Natural events and human activities have made climate change one of the biggest threats faced by businesses and nations across the globe.
In an attempt to reach its target, Nestle
stated, “we are building on a decade of work to reduce greenhouse gas (GHG) emissions, aligned over the last four years with science-based targets to keep the temperature increase below 2°C.”
“This decision will impact positively on farmers who have supplied the company over the years and into the future while ensuring a healthy planet for us all.”
The food processing company acknowledged that, “Stabilizing emissions will allow us to manage the many risk factors that climate change brings to our value chain, from sourcing raw materials in drought-affected regions to dealing with the problems of deforestation.”
The company added that globally climate change would affect all, including farmers who supply to them or their customers as climate change impacts are already apparent in shifting weather patterns, extreme weather events and reduced resource availability.
“It is therefore important we all make a move towards the target because it matters.
“Under current forecasts, global temperatures could rise by 3–4°C, an increase that would drastically impact people and the planet alike.
“Interventions and business initiatives must be developed with increased urgency to deliver global reductions in GHG emissions and higher levels of resilience throughout the value chain,” it explained.
Amina Hussaini, a graduate of Mass Communication, has been with INSIDEBUSINESS for over a year now after a stint with The Daily Trust. She sources for data and writes Finance related stories.
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