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Nestle revamps coffee sustainability plan as climate challenges mount

Added 10-04-22 03:04:02am EST - “Food giant Nestle pledged on Tuesday to spend over 1 billion Swiss francs ($1.01 billion) by 2030 on efforts to source coffee sustainably, more than double its previous pledge, as challenges linked to climate change pose particular…” - News.yahoo.com

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Posted By TheNewsCommenter: From News.yahoo.com: “Nestle revamps coffee sustainability plan as climate challenges mount”. Below is an excerpt from the article.

LONDON (Reuters) - Food giant Nestle pledged on Tuesday to spend over 1 billion Swiss francs ($1.01 billion) by 2030 on efforts to source coffee sustainably, more than double its previous pledge, as challenges linked to climate change pose particular risks for the bean.

Study after study has shown that by 2050 roughly half the land currently used to grow coffee, especially that of the high quality arabica variety, could be unproductive thanks to rising temperatures, drought and disease.

Multinationals are meanwhile facing increased reputational and legal pressure from consumers and governments alike to clean up their global supply chains in the fight against climate change.

The European Commission has proposed several laws aimed at preventing and, in the case of forced labour, banning the import and use of products linked to environmental and human rights abuses.

Nestle, which has already pledged to source all its coffee sustainably by 2025, said it is now also aiming, by that date, for 20% of its coffee to be grown using 'regenerative' agricultural practices.

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