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MarketScreener Homepage  >  Equities  >  Swiss Exchange  >  Nestlé    NESN   CH0038863350

NESTLÉ

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Delayed Quote. Delayed Swiss Exchange - 02/15 11:32:04 am
89.1 CHF   +1.18%
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Nestle : Factbox - New systems pinpoint palm oil deforestation in real time, almost

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02/11/2019 | 09:52am EST

(Reuters) - Satellite imaging has been used to spot deforestation in areas of palm oil cultivation for years, but obtaining the images was expensive and they often took months to arrive to end users.

New systems are now being adopted by consumer goods companies and commodity traders including Nestle, Unilever, Cargill and Wilmar.

WHAT IS NEW?

Speed - the new systems aim to make the process almost "real time", although in practice that typically means at least five days. Companies say that allows them to make swift decisions - sometimes cutting ties with suppliers - based on the data.

They involve more detailed base mapping of concessions and forests with help from environmental groups, so companies can target areas where valuable forests are shrinking, rather than sending verifiers in at random.

Previously, problems with government data and reluctance by palm oil companies to specify plantation boundaries made it difficult to gauge when they encroached on protected forests.

HOW DO THE SYSTEMS WORK?

Global Forest Watch Pro uses satellite imaging and mapping to monitor forests and sends alerts to users when it picks up changes. It is being piloted by a host of traders, brands and growers - including Wilmar, Cargill and Unilever - and will launch to wider use this summer.

Creators of the Starling system being used by Nestle and piloted by Ferrero say it sends alerts in "near real time" - typically five to seven days - via its web portal whenever it detects forest cover change greater than a football field, linking it to nearby mills.

The platform combines satellite images captured every 20 minutes by Airbus, NASA and the European Space Agency, overlaid with maps showing the legal boundaries of plantations, locations of suppliers and the conservation value of nearby forests.

(Reporting by Ana Ionova and Martinne Geller in LONDON, A. Ananthalakshmi in Bahau, MALAYSIA and Emily Chow in KUALA LUMPUR; editing by Philippa Fletcher)

Stocks mentioned in the article
ChangeLast1st jan.
CRUDE PALM OIL FUTURES (CPO) - CMG (ELECTRONIC)/C1 -0.85% 555 End-of-day quote.12.29%
NESTLÉ 1.18% 89.1 Delayed Quote.11.65%
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Financials (CHF)
Sales 2019 94 967 M
EBIT 2019 16 045 M
Net income 2019 11 613 M
Debt 2019 32 944 M
Yield 2019 2,95%
P/E ratio 2019 22,75
P/E ratio 2020 20,11
EV / Sales 2019 3,22x
EV / Sales 2020 3,09x
Capitalization 273 B
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Number of Analysts 26
Average target price 92,6  CHF
Spread / Average Target 4,0%
EPS Revisions
Managers
NameTitle
Ulf Mark Schneider Chief Executive Officer & Director
jeff hamilton President
Paul Bulcke Chairman
Magdi Batato Executive Vice President-Operations
François-Xavier Michel Marie Roger Chief Financial Officer & Executive Vice President
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1st jan.Capitalization (M$)
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