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    NESN   CH0038863350

NESTLÉ S.A.

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Delayed Swiss Exchange  -  11:31 2022-08-11 am EDT
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Nestle S A : Feeding hungry people and building climate-resilient communities - Nestlé enters new partnership with World Central Kitchen

06/15/2022 | 08:13am EDT

By collaborating with World Central Kitchen (WCK), Nestlé will help feed hungry people in communities that have been stricken by extreme weather events related to the climate crisis. Nestlé will support in an initial one-year agreement and with a one million donation to its Climate Disaster Fund.

"We chose to partner with World Central Kitchen due to its close alignment with our business and our donations activities related to hunger relief and food access", said Nina Kruchten, Head of Corporate Donations at Nestlé. "Through its frontline work across the globe, helps ease increasing food insecurity issues related to climate change. And in keeping with Nestlé's purpose, does it through the power of food."

The non-profit has three areas of focus:

  • Providing meals to hungry people impacted by climate disasters. brings food, water and other resources to affected areas.
  • Building resilience in frontline communities. supports communities to feed themselves and helps farmers adapt to a rapidly changing climate. It invests in local food producers and teaches foodservice professionals and culinary students the model. That way they are ready to respond in their own communities when needed.
  • Changing the systems that leave people hungry and thirsty. works with local and state governments to take successful models and scale them up.

These efforts mirror much of the work Nestlé has undertaken as part of its Net Zero Roadmap. The company is not only addressing its own operations and product portfolio to reduce its carbon footprint. It is also supporting farmers and suppliers to implement regenerative agriculture practices and is scaling up its reforestation program, given that nearly two-thirds of its emissions come from agriculture. Nestlé aims to halve its emissions by 2030 and achieve net zero by 2050.

Some examples of 's work include the relief team that responded in the aftermath of Tropical Cyclone Batsirai which hit the east coast of Madagascar in February of this year. The team worked quickly to set up a Field Kitchen, which used fresh ingredients from a local market for meals and employed local people to cook. Another example is the team that formed a network of local restaurant partners to cook for people in need following extreme rainfall and flooding in Bahia, Brazil at the end of last year. And yet another is the nineteen food-related businesses across the Virgin Islands and The Bahamas that recently received grants, one of which was Sejah Farm of the Virgin Islands which plans to create an agricultural learning center.

On top of helping people impacted by natural disasters, also responds to prolonged humanitarian crises such as the one in Ukraine. Nestlé has also supported this effort, and the team has already provided over 27 million meals across eight countries to those affected by the war in Ukraine.

Disclaimer

Nestlé SA published this content on 15 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 June 2022 12:12:02 UTC.


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Sales 2022 94 129 M 100 B 100 B
Net income 2022 11 847 M 12 594 M 12 594 M
Net Debt 2022 41 367 M 43 977 M 43 977 M
P/E ratio 2022 26,6x
Yield 2022 2,59%
Capitalization 316 B 335 B 335 B
EV / Sales 2022 3,79x
EV / Sales 2023 3,66x
Nbr of Employees 276 000
Free-Float 97,9%
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Last Close Price 114,34 CHF
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Ulf Mark Schneider Chief Executive Officer & Director
François-Xavier Michel Marie Roger Chief Financial Officer & Executive Vice President
Paul Bulcke Chairman
Stefan Palzer Chief Technology Officer & Executive VP
Magdi Batato Head-Operations & Executive Vice President
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