Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Swiss Exchange  >  Nestlé    NESN   CH0038863350

NESTLÉ

(NESN)
My previous session
Most popular
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Nestle : Factbox - New systems pinpoint palm oil deforestation in real time, almost

share with twitter share with LinkedIn share with facebook
share via e-mail
0
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 0.00% 555.5 End-of-day quote.11.53%
NESTLÉ 1.35% 91.74 Delayed Quote.12.81%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on NESTLÉ
11:43aNESTLE : Purina invests CHF 115 million to expand US pet care factory
PU
10:55aNestle's Purina to Invest $115 Million in Tidy Cats Plant Expansion
DJ
08:29aGLOBAL MARKETS LIVE : J&J, UBS, YouTube, Standard Chartered…
02/20NESTLE : pure life's new look is so attractive. but there's more to it
AQ
02/20NESTLE : Revenue at Nutella maker Ferrero reaches $12 billion after Nestle acqui..
RE
02/20NESTLE : Osem opens new CHF 55 million Bamba peanut snack factory
PU
02/19NESTLE : says it is now well positioned in confectionery
RE
02/19NESTLE : KitKat Green Tea Matcha brings flavor of Japan to Europe
PU
02/18NESTLE PAKISTAN : Board of directors meeting of Nestle Pakistan Limited
AQ
02/18NESTLE : reports full-year results for 2018
AQ
More news
Financials (CHF)
Sales 2019 95 175 M
EBIT 2019 16 047 M
Net income 2019 11 507 M
Debt 2019 33 817 M
Yield 2019 2,89%
P/E ratio 2019 23,44
P/E ratio 2020 20,56
EV / Sales 2019 3,27x
EV / Sales 2020 3,13x
Capitalization 277 B
Chart NESTLÉ
Duration : Period :
Nestlé Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends NESTLÉ
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 94,4  CHF
Spread / Average Target 4,3%
EPS Revisions
Managers
NameTitle
Ulf Mark Schneider Chief Executive Officer & Director
jeff hamilton President
Paul Bulcke Chairman
Magdi Batato Executive Vice President-Operations
François-Xavier Michel Marie Roger Chief Financial Officer & Executive Vice President
Sector and Competitors
1st jan.Capitalization (M$)
NESTLÉ12.81%276 708
MONDELEZ INTERNATIONAL19.89%69 306
THE KRAFT HEINZ COMPANY10.64%58 850
DANONE8.73%51 913
GENERAL MILLS17.46%28 017
ASSOCIATED BRITISH FOODS14.00%24 026