Nestlé launches pair of initiatives to decarbonize cocoa supply chain

By: Trademagazin editor Date: 2024. 03. 27. 09:43

The global food company said its new projects aim to reduce and remove more than 500,000 metric tons of carbon during a 20-year period.

Nestlé said it is launching two projects aimed at reducing and removing carbon emissions from its cocoa supply chains. The initiative, announced Thursday, builds on the company’s commitment to reach net-zero status by 2050.

The global food and beverage company said it would develop the two projects alongside suppliers Cargill and Export Trading Group’s Beyond Beans over the course of five years. The projects seek to address climate change’s impact in the cocoa industry by promoting agroforestry, accelerating the shift to regenerative agriculture, and supporting the reforestation of deteriorated land around cocoa farming communities.

Collectively, the initiatives are estimated to reduce and remove over 500,000 metric tons of carbon over a 20-year period, according to Nestlé. The company also said each project would be set up with a “robust” carbon monitoring and accounting framework that will track its lifetime progress.

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