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MarketScreener Homepage  >  Equities  >  Swiss Exchange  >  Nestlé S.A.    NESN   CH0038863350

NESTLÉ S.A.

(NESN)
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Nestle Commits to Zero Net Carbon Emissions by 2050

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09/12/2019 | 10:32am EDT

By Maitane Sardon

Nestle (NESN.EB) on Thursday said it aims to have zero net carbon emissions from its facilities and products by 2050 as it works toward aligning its business strategy with the Paris Agreement on climate change.

The Swiss food-and-beverage company said it will lay out a time-bound plan including interim targets in line with the 1.5 degrees path, which requires companies to strengthen their actions to limit global warming.

To achieve its ambition, Nestle said some of the specific actions it will take are aimed at transforming its products, introducing programs that help absorb CO2 and increasing the amount of renewable energy it uses.

To make its products climate-friendly, the company will launch more plant-based food and beverage options and will look to reformulate its products using more sustainable ingredients. It will also start using alternative packaging materials.

To help absorb carbon, Nestle will engage with farmers at its supply chains and will restore deforested land by replanting trees.

Nestle, which is using renewable electricity in one third of its factories, said it aims to use only renewable electricity in all its factories, logistics and offices by 2050.

Write to Maitane Sardon at maitane.sardon@dowjones.com

Stocks mentioned in the article
ChangeLast1st jan.
LONDON COFFEE -1.07% 1765 End-of-day quote.0.00%
LONDON SUGAR 0.75% 323.7 End-of-day quote.-3.08%
NESTLÉ S.A. -0.90% 106.26 Delayed Quote.34.36%
NEW YORK COCOA 2.79% 2468 End-of-day quote.2.03%
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Financials (CHF)
Sales 2019 94 147 M
EBIT 2019 16 629 M
Net income 2019 12 469 M
Debt 2019 30 922 M
Yield 2019 2,54%
P/E ratio 2019 25,1x
P/E ratio 2020 23,7x
EV / Sales2019 3,59x
EV / Sales2020 3,50x
Capitalization 307 B
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Mean consensus OUTPERFORM
Number of Analysts 27
Average target price 111,34  CHF
Last Close Price 106,26  CHF
Spread / Highest target 14,8%
Spread / Average Target 4,78%
Spread / Lowest Target -17,2%
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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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