GlobalData offers a comprehensive analysis of Nestle India, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on Nestle India‘s ESG performance. GlobalData’s company profile on Nestle India offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
Nestle India, a leading food and beverage company, has set net-zero targets to reduce its greenhouse gas (GHG) emissions. The company aims to achieve its net-zero targets by 2050 against a 2018 baseline. In teh 2022 ESG report, Nestle India has reported data related to scope 1, scope 2, and scope 3 emissions. Scope 1 emissions refer to direct emissions from owned or controlled sources, scope 2 emissions refer to indirect emissions from the generation of purchased electricity, and scope 3 emissions refer to indirect emissions from the company's value chain. In 2022, company’s GHG emissions (Scope 1+Scope 2) saw a decrease of 39.2%, despite a 5.4% increase in production volumes. Total Scope 1 emissions for 2022 was 192,678 tCO2e and scope 2 was 1,571 tCO2e.
In pursuit of achieving net-zero emissions, substantial emission reductions are essential. As part of its global commitment, sourcing half of its ingredients from regenerative agriculture by 2030, along with investments in sustainable logistics, packaging, and manufacturing, will play a pivotal role. Nestlé has set targets to decrease emissions by 20% by 2025 and by 50% by 2030 in line with this commitment. To meet these objectives, the company is accelerating initiatives across manufacturing, packaging, sourcing, water management, logistics, and the creation of carbon-neutral brands. These steps include converting 100% of its fleets from diesel to compressed natural gas (CNG) and introducing electric vehicles for sustainable logistics. These initiatives have resulted in significant savings of energy and CO2 emissions.
Nestle India has also implemented innovative technologies and initiatives to improve resource efficiency and minimize environmental impact. The company has invested in projects such as flash steam recovery and energy-efficient air compressors. These projects have led to a reduction in specific energy consumption and GHG emissions.
In terms of waste management, Nestle India focuses on maximizing recycling and reusing of waste to minimize landfill and incineration. In 2022, the company has achieved high rates of recycling for pre-consumer plastic packaging waste and has responsibly managed approximately 23,300 tonnes of plastic waste. It also follows the principles of reduce, recycle, and recover to ensure environmentally sustainable practices.
Nestle India collaborates with farmers to promote sustainability and build their adaptive capacity to climate change and other risks. The company's supply chains prioritize the optimal utilization of raw materials, recycling of waste, and efficient logistics operations. Nestle India also works with the Nestle Institute of Packaging Science and the Nestle R&D network to develop sustainable packaging solutions and lower-carbon recipes.
Overall, Nestle India is committed to reducing its GHG emissions and achieving its net-zero targets. The company has implemented various initiatives, invested in innovative technologies, and collaborated with stakeholders to minimize its environmental impact and promote sustainability.