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    NESN   CH0038863350

NESTLÉ S.A.

(NESN)
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Delayed Swiss Exchange  -  11:31 2022-08-11 am EDT
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Nestle S A : Nestlé reports further progress toward deforestation-free cocoa

05/23/2022 | 04:16am EDT

Nestlé has today reported further progress (pdf, 10Mb) toward its deforestation-free cocoa supply chain commitment by 2025. This underlines the company's determination to advance its forest positive agenda and source 100% of its cocoa sustainably.

Since joining the Cocoa and Forests Initiative in 2017, Nestlé has been working in collaboration with the governments of Côte d'Ivoire and Ghana where it sources most of its cocoa, its suppliers, its partners, and the cocoa farming communities. Over the past years, Nestlé has deployed considerable efforts to scale up its actions (pdf, 900Kb) to help end deforestation, restore forests and ensure regenerative supply chains for forests and communities in the cocoa supply chain.

Nestlé's key achievements so far include:

  • Restoring more than 400 hectares of forests in the Cavally Forest Reserve - one of the largest classified forests in Côte d'Ivoire - and in Beki and Toa Zèo forests. Nestlé is implementing forest conservation projects in those three areas to protect animals' natural habitats, such as elephants, and support nearby communities.
  • Mapping over 104 000 farms in Côte d'Ivoire and Ghana while expanding the Nestlé Cocoa Plan from 110 000 to 127 000 farmers.
  • Distributing more than 2,2 million forest and local fruit trees to farmers to drive agroforestry and regenerative agriculture.
  • Reaching 5 000 farmers and their families with community awareness-raising sessions.

Nestlé is also leveraging technology to address deforestation risks in the cocoa supply chain. In Côte d'Ivoire, the company uses the Starling satellite to monitor forest cover changes in the Cavally Forest reserve after successful results in its palm oil supply chains. Starling has helped local patrols group target their intervention, effectively leading to a decrease in deforestation and a positive impact on the natural regeneration of the forest.

In Latin America, Nestlé commissioned Global Risk Assessment Services (GRAS) across four countries - Brazil, Ecuador, Mexico and Venezuela - to assess deforestation risks in cocoa producing areas through satellite data. While results show that cocoa-related deforestation is mainly low and concentrated in specific areas, detailed mapping was provided to enable Nestlé to avoid sourcing from deforested areas.

As Nestlé is scaling up its actions to protect the environment, early this year, the company launched an innovative program that rewards farmers for the quantity and quality of cocoa beans they produce and their benefits to the environment and local communities. Through its income accelerator program, farmers will receive cash incentives for performing agroforestry activities such as planting shade trees to increase climate resilience. Working to improve farmers' incomes, therefore, has the potential to help reduce pressure on forests.

These initiatives contribute to Nestlé's climate actions to achieve net-zero greenhouse gas emissions by 2050. As part of this work, the company is deploying nature-based solutions, like forest conservation and restoration, to absorb more carbon, improve soil health, and enhance biodiversity.

Nestlé will continue to work with all stakeholders to help protect and restore forests, promote sustainable cocoa production and thriving communities, and create a forest positive future for all.

Disclaimer

Nestlé SA published this content on 23 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 May 2022 08:15:04 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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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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