GlobalData offers a comprehensive analysis of Nestle (Malaysia), 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 (Malaysia)’s ESG performance. GlobalData’s company profile on Nestle (Malaysia) 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.

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Nestle (Malaysia), a leading food and beverage company, in alignment with Nestlé's global aspirations, has set forth ESG (Environmental, Social, and Governance) targets to utilize its extensive size, scale, and outreach in combating climate change. It has committed to slash carbon emissions by a minimum of 20% by 2025, halve emissions by 2030, and achieve net-zero emissions by 2050.

Contributing to these objectives was the transition to 100% renewable electricity across all operations in Malaysia starting January 2022, facilitated by the adoption of the Green Electricity Tariff Programme. This transition resulted in a reduction of 67,000 tonnes of CO2 equivalent in greenhouse gas emissions. Additionally, Nestlé's proactive initiatives within its global supply chain network significantly improved its CO2 footprint. Noteworthy actions were undertaken to reduce the environmental impact of farming and agricultural activities, leading to a 6.94% decrease in the carbon footprint in 2022 compared to the 2018 baseline.

The overall greenhouse gas (GHG) emissions witnessed a substantial decline of 61,274 tonnes, marking a 45% reduction across Nestlé's Malaysian factories. In 2022, the combined Scope 1 (direct) and Scope 2 (indirect) GHG emissions totaled 61,953 tCO2e, a 49% decrease compared to the previous year. In 2022, the company reported emissions in metric tons of CO2 equivalent (CO2e), indicating 61,953 tonnes for Scope 1 and 10,913 tonnes for Scope 3. Notably, there were no recorded emissions in Scope 2, attributable to the company's adoption of the Green Electricity Tariff Programme through Tenaga Nasional Berhad (TNB) and the acquisition of Renewable Energy Certificates from Sarawak Energy Berhad (SEB).

Nestle (Malaysia) has undertaken initiatives aimed at reducing its emissions and striving towards achieving net-zero targets. These efforts are demonstrated through the company's active engagement in addressing climate change, plastics, packaging, water management, and responsible sourcing. While specific investments remain unspecified, Nestle (Malaysia)'s commitment to formulating and implementing effective action plans in these areas hints at potential resource allocation for emission reduction initiatives. The company's dedication to sustainability is evident through its comprehensive approach to environmental concerns, emphasizing transparent communication and strategic planning. This focus is aimed at creating shared value across economic, social, and environmental dimensions, underscoring its long-term commitment to environmental responsibility.

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