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    NESTLE   MYL4707OO005

NESTL╔ (MALAYSIA) BERHAD

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Nestle Malaysia Berhad : Post Lockdown, NestlÚ Malaysia accelerates Project RELeaf Reforestation Programme

11/30/2021 | 10:51pm EST
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Read this in:
Bahasa Malaysia (pdf, 185 KB)
Chinese (pdf, 322 KB)

Marks RELeaf's 1st anniversary with Mangrove Restoration Initiative

Kuala Selangor, November 29, 2021 - As part of its efforts to tackle climate change and contribute to the Company's global journey to zero net emissions, Nestlé Malaysia launched Project RELeaf in September 2020 with the objective of planting three million trees across Malaysia by 2023. Project RELeaf builds on the pioneering Kinabatangan Rileaf Project, which concluded in 2020 and saw one million trees planted in Sabah.

Mr Juan Aranols, Chief Executive Officer, Nestlé (Malaysia) Berhad, commented, "Long lockdown periods have limited our access to planting sites and brought some delays to the roll out of Project RELeaf. However, we made very good use of the time and by now, our partner nurseries have nearly 1 million seedlings and saplings of various indigenous species, growing healthy and strong. By year-end, some 300,000 of them will have been transplanted into their final sites. Following the end of the lockdown, we are hitting the ground running and our teams are rapidly ramping up planting activity."

"During this time, we have also built partnerships inside and outside of our supply chain, and are currently exploring further collaborations with Government and State agencies to ensure the acceleration and scaling up of the programme. We have a solid plan and resources in place to plant 1.3 million trees in 2022, followed by 1.4 million trees in 2023."

"We are fully committed to materialise our ambition to achieve zero net carbon emissions by 2050, with at least a 50% reduction by 2030. Our reforestation initiatives will be complemented by the roll out of regenerative agriculture practices in our Chili, Paddy and Coffee farming engagements. We are also honoured to be amongst the very early signatories of the pledge to support and adopt the Green Energy Tariff announced by the Government of Malaysia earlier this week," concluded Mr Aranols.

To mark the first anniversary of Project RELeaf, Nestlé Malaysia teamed up with non-governmental organisation Impact Revolution Enterprise for a mangrove planting activity in Kuala Selangor Nature Park. Aimed at restoring the area's precious mangrove ecosystem, more than 100 Nestlé volunteers planted over 500 Rhizophora Apiculata (pokok bakau minyak) saplings within the mangrove forest area.

Green thumbs at Nestlé - Mr Juan Aranols, Chief Executive Officer of Nestlé (Malaysia) Berhad [far right] and Nestlé Cares volunteers marking the mangrove restoration initiative at Kuala Selangor Nature Park, as part of Nestlé's Project RELeaf to plant 3 million trees across Malaysia by 2023.

Mr Yong Lee Keng, Head of Agriculture Services, Nestlé Malaysia, said, "We are pleased to undertake this mangrove reforestation initiative in Kuala Selangor Nature Park, which is a sanctuary for a wide range of indigenous plant and wildlife. Mangrove forests are a vital part of Malaysia's precious ecosystem and play a critical role in the fight against climate change by acting as carbon sinks to reduce emissions, as well as stabilising coastlines, reducing soil erosion and supporting livelihoods among local coastal communities."

The mangrove restoration activity is a programme under Nestlé Cares, Nestlé's global platform which aims to instil a culture of volunteerism amongst employees. Amongst other initiatives, Nestlé Cares volunteers performed another mangrove planting activity near Kampung Sijangkang earlier this year, as well as the Company's annual Beach and Underwater Clean Up across several locations in Malaysia.

Mr Juan Aranols [right] and Mr Osman Bhatty, Head of Procurement, Nestlé (Malaysia) Berhad [left] hard at work during the mangrove planting.

About Nestlé Malaysia
Nestlé is the world's largest food and beverage manufacturer. Headquartered in Switzerland, Nestlé is present in more than 180 countries around the world, and our over 270,000 employees are committed to Nestlé's purpose of unlocking the power of food to enhance quality of life for everyone, today and for generations to come. Our performance is driven by our Nutrition, Health and Wellness strategy. Nourishing Malaysians since 1912, Nestlé has earned the trust of our consumers through our quality brands and products. We are committed to improving the lives of the communities in which we operate, whilst maintaining our Halal excellence and integrity.

This is in line with our promise of delivering GOOD FOOD, GOOD LIFE to all. To learn more about how we have been nourishing Malaysians for over a century, do visit www.nestle.com.my or our Facebook page at http://www.facebook.com/Nestle.Malaysia.

For more information, please contact:

Shaheen Zaffar
Nestlé (Malaysia) Berhad
Tel: (+603) 7965 6456
E-mail: [email protected]

Farah Iman or Yasmin Kadir
acorn communications
Tel: (+603) 7958 8348
E-mail: [email protected]

Disclaimer

Nestlé (Malaysia) Bhd published this content on 29 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 December 2021 03:50:05 UTC.


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Sales 2021 5 695 M 1 361 M 1 361 M
Net income 2021 613 M 146 M 146 M
Net Debt 2021 421 M 101 M 101 M
P/E ratio 2021 51,1x
Yield 2021 1,91%
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EV / Sales 2021 5,52x
EV / Sales 2022 5,28x
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Managers and Directors
Juan Aranols Chief Executive Officer & Executive Director
Craig Grant Connolly Chief Financial Officer & Executive Director
Zainol Anwar ibni Putra Jamalullail Director
Alessandro Monica Executive Director-Technical & Production
Hamidah Naziadin Independent Non-Executive Director