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Nestlé Creating Shared Value and Sustainability Report 2023

Nestlé's 2023 Creating Shared Value and Sustainability Report highlights the company's commitment to sustainability through strategic initiatives focused on climate action, biodiversity, water stewardship, and responsible sourcing. Key achievements include a 13.58% reduction in net emissions, 91.9% renewable electricity usage, and significant investments in regenerative agriculture and community empowerment. Looking forward, Nestlé aims to achieve further emissions reductions, scale regenerative practices, and ensure all ingredients are responsibly sourced by 2030.

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582 views

Nestlé Creating Shared Value and Sustainability Report 2023

Nestlé's 2023 Creating Shared Value and Sustainability Report highlights the company's commitment to sustainability through strategic initiatives focused on climate action, biodiversity, water stewardship, and responsible sourcing. Key achievements include a 13.58% reduction in net emissions, 91.9% renewable electricity usage, and significant investments in regenerative agriculture and community empowerment. Looking forward, Nestlé aims to achieve further emissions reductions, scale regenerative practices, and ensure all ingredients are responsibly sourced by 2030.

Uploaded by

phoenixomg075
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Nestlé Creating Shared Value and Sustainability Report 2023: Comprehensive

Summary

Page 1: Introduction and Business Commitment to


Sustainability
1. Introduction: Purpose and Commitment

Nestlé's 2023 Creating Shared Value (CSV) and Sustainability Report outlines the company's
strategic and operational focus on addressing global environmental, social, and governance
(ESG) challenges. As a global leader in food and beverage, Nestlé integrates sustainability
into its core business strategy, aiming for long-term value creation and resilience across its
supply chains.

Key focus areas for 2023:

• Climate action and emissions reduction


• Biodiversity restoration and regenerative agriculture
• Water stewardship and responsible packaging
• Sustainable nutrition and food safety
• Promotion of human rights and workplace inclusion
• Support for youth and local communities

Nestlé’s vision is to build a regenerative food system that improves livelihoods, enhances
ecosystem health, and ensures access to affordable nutrition.

Page 2: Climate Action and Net Zero Strategy


2. Climate Action and Net Zero Roadmap

Nestlé has committed to reaching net zero GHG emissions by 2050, supported by near- and
long-term science-based targets. In 2023, the company made significant strides:

• 13.58% Net Emissions Reduction from 2018 baseline.


• 91.9% Renewable Electricity in manufacturing operations.
• Scope 3 Emissions Focus: 95% of emissions are in Scope 3 (e.g., agriculture, land
use, logistics).

Key initiatives driving progress:

• Investment in a 600-hectare solar energy project in Texas.


• Transition to electric and LNG-powered logistics fleets.
• Adoption of regenerative agriculture to reduce FLAG (Forest, Land, and Agriculture)
emissions.
• Reformulation of recipes using plant-based ingredients.

Nestlé’s GHG Performance System (GPS) tracks emissions with precision and drives
continuous improvement. The company also participates in the SBTi FLAG program and
Dairy Methane Action Alliance to target methane emissions at the source.

Page 3: Nature, Agriculture, Water and Packaging


3. Regenerative Food Systems and Biodiversity

To protect nature and promote biodiversity:

• 14.7 million trees were secured for planting across Brazil, Colombia, Côte d’Ivoire,
and more.
• 93.4% of primary supply chains are verified as deforestation-free.
• 15.2% of key ingredients sourced from farms using regenerative practices, targeting
50% by 2030.

Nestlé invests in:

• Agroforestry and reforestation programs


• Sustainable cocoa, coffee, and dairy supply chains
• Innovation in crop resilience via genomics and AI at the Nestlé Institute of
Agricultural Sciences

4. Water, Packaging, and Circularity

Water Stewardship:

• 3 million m³ water reduction achieved in factories between 2021 and 2023.


• Action plans implemented in 22 water-stressed regions.

Packaging and Circularity:

• 83.5% of plastic packaging now designed for recycling.


• Virgin plastic use reduced by 14.9% since 2018.
• Reuse/refill pilot programs active in over 20 markets.
• Collaborations with Circulation (Germany), World Central Kitchen, and others to
advance circular economy goals.

Page 4: Nutrition, Ethics, Inclusion, and Community


Impact
5. Nutrition, Health, and Responsible Sourcing
Affordable Nutrition:

• 127.6 billion servings of fortified food distributed globally.


• New “Good for You” strategy launched to promote balanced diets and nutritional
transparency.

Responsible Sourcing:

• 36.2% of key ingredients responsibly sourced (target: 100% by 2030).


• Income Accelerator Program expanded to Ghana to benefit 30,000 cocoa-farming
families.

Food Safety:

• Predictive digital tools rolled out across factories.


• Ongoing investment in traceability, transparency, and supply chain security.

6. Human Rights, Inclusion, and Community Engagement

Human Rights:

• Salient Issue Action Plans implemented to address labor, gender, and community
rights.
• ESG-related KPIs incorporated into executive incentive plans.

Inclusion and Workplace Equity:

• 46.4% of management roles held by women.


• Global employee health roadmap deployed.

Youth and Community Empowerment:

• 7.78 million young people supported with economic opportunities since 2017.
• Strategic partnerships with UNESCO and The Global FoodBanking Network.
• Emergency relief partnerships with the IFRC and other humanitarian agencies.

Page 5: Governance, Stakeholder Engagement, and


Future Outlook
7. Governance and Stakeholder Engagement

Sustainability governance is led by:

• Board of Directors and its Sustainability Committee


• Executive Board and ESG & Sustainability Council
Performance monitored through quarterly KPIs aligned with Swiss non-financial disclosure
laws.

Stakeholder Engagement:

• Stakeholder mapping includes governments, NGOs, investors, academia,


communities, and youth.
• In 2023, Nestlé participated in COP28 and joined coalitions advocating for climate-
smart food systems and sustainable packaging regulation.
• Recognized by InfluenceMap as a global leader in responsible climate advocacy.

8. Conclusion: Outlook and Priorities for 2024 and Beyond

Looking ahead, Nestlé aims to:

• Achieve its 20% GHG emissions reduction milestone by 2025.


• Scale regenerative agriculture to cover 50% of key ingredients by 2030.
• Reach 100% responsibly sourced ingredients and recyclable packaging.
• Innovate further in plant-based nutrition, sustainable farming tech, and community
impact programs.

The 2023 CSV and Sustainability Report reflects Nestlé’s commitment to creating shared
value through transparent, data-driven, and stakeholder-informed action, ensuring a resilient
and sustainable future.

Sources:

• Nestlé Creating Shared Value and Sustainability Report 2023


• Nestlé Net Zero Roadmap
• Nestlé Good for You Nutrition Strategy
• EY Assurance Statement on ESG KPIs

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