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

NESTLÉ S.A.

(NESN)
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Nestle S A : institute aims to develop packaging of the future

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09/12/2019 | 01:30pm EDT
Swiss food giant Nestle CEO Schneider holds scissors during the inauguration ceremony of the Nestle Institute of Packaging Sciences in Lausanne

LAUSANNE, Switzerland (Reuters) - Nestle has set up a research institute to develop more environmentally friendly packaging for its products and reduce plastic waste, taking matters into its own hands rather than relying on its suppliers.

Having been identified by environmental group Greenpeace as one of the biggest producers of plastic waste that is polluting landfill sites and oceans, Nestle has also been criticised for its lack of action to address the problem.

"It's our name on the package, so we want to be in the driver's seat when it comes to developing solutions," Nestle Chief Executive Mark Schneider said on Thursday at the inauguration of the Nestle Institute of Packaging Sciences in Lausanne.

"We are pushing our suppliers because we have the feeling they have not really delivered," Schneider told Reuters during a tour of the new research facilities, adding that the move had generated "creative tension" among the group's suppliers.

The maker of KitKat chocolate bars and Nescafe instant coffee has vowed to make 100 percent of its packaging recyclable or reusable by 2025 -- one of the focus areas of the new institute in Lausanne, western Switzerland.

Its 50 employees work closely with other staff of Nestle's research centre there as well as external scientists and start-ups. The collaborative effort is aimed at producing the likes of simplified wrapping materials that have fewer layers and are easier to recycle, as well as compostable and biodegradable materials.

On the tour of the institute, scientists also showed water bottles made entirely from recycled materials and explained the company's efforts to create paper with better qualities for keeping Nestle's products fresh.

Nestle declined to disclose the size of its investment in the initiative but said that technologies developed by the institute could be licensed to third parties.

"We made an important upfront investment, so of course we'll ultimately want to see higher consumer sales or royalties," CEO Schneider said.

Nestle also said it wanted to achieve zero net greenhouse gas emissions by 2050, following in the footsteps container shipping giant Maersk, which made the same pledge last year.

Alternative packaging materials and more plant-based food and drinks with a better environmental footprint will help Nestle reach that goal, the company said, adding that tree planting, an improved dairy supply chain and 100% renewable electricity are also part of the equation.

(Reporting by Silke Koltrowitz; Editing by David Goodman)

Stocks mentioned in the article
ChangeLast1st jan.
A.P. MØLLER - MÆRSK A/S 2.01% 8132 Delayed Quote.10.28%
NESTLÉ S.A. -1.07% 102.02 Delayed Quote.29.22%
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Financials (CHF)
Sales 2019 93 368 M
EBIT 2019 16 603 M
Net income 2019 12 514 M
Debt 2019 27 172 M
Yield 2019 2,64%
P/E ratio 2019 24,1x
P/E ratio 2020 23,3x
EV / Sales2019 3,48x
EV / Sales2020 3,47x
Capitalization 298 B
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Mean consensus OUTPERFORM
Number of Analysts 28
Average target price 111,61  CHF
Last Close Price 103,12  CHF
Spread / Highest target 18,3%
Spread / Average Target 8,24%
Spread / Lowest Target -14,7%
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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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