NESTLÉ'S TASK FORCE ON CLIMATE-RELATED FINANCIAL DISCLOSURES (TCFD) REPORT
2020
Introduction
Governance
Strategy
Risk management
Metrics and targets
Nestle's TCFD Report 2020
2
CONTENTS
03
Introduction
17
Risk management
05
Governance
19
Metrics and targets
06
2021 climate change governance
20
2020 climate-related metrics and targets
07
Strategy
21
Footnotes and disclaimer
Climate modeling approach
Climate scenarios
Modeling assumptions
Scenario analysis outcomes
Assessment of resilience
Introduction
Governance
Strategy
Risk management
Metrics and targets
Nestle's TCFD Report 2020
3
INTRODUCTION
As the world's largest food and beverage company,
environment. Nestlé is stepping up to this
Nestlé takes the threat of climate change seriously.
challenge of leading our industry toward a
While climate change poses risks to current
sustainable future, while transparently
business models, it also creates opportunities
reporting our progress.
for companies that act decisively in a competitive
Introduction
Governance
Strategy
Risk management
Metrics and targets
Nestle's TCFD Report 2020
4
In 2019, Nestlé pledged to achieve net zero greenhouse gas (GHG) emissions across our value chain. In 2020, in our Net Zero Roadmap, we specified our plan to halve Nestlé's GHG emissions by 2030 and to achieve net zero by 2050 - even as our business continues to grow.
As more than 95% of our emissions occur outside of our own four walls, we cannot achieve net zero alone. To meet our pledge, we depend on multiple external factors including action from governments and regulators to enable economic and social transformations for a net zero carbon future.
This report describes how climate change may impact our business and how we can successfully transition to a lower-carbon economy and adapt to a warming world. Our understanding of the challenges around climate change continues to evolve and we will update our mitigation
plans accordingly.
Nestlé has adopted the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). Using the TCFD framework, this report provides a progress update across each of the TCFD pillars: Governance, Strategy, Risk Management, and Metrics and Targets. It sets out our current understanding of the strength and resilience of our strategy and business model under different climate scenarios.
The process of climate scenario analysis is rapidly evolving, and it is iterative. We expect the approaches, tools and data quality to mature over time, which will contribute to our understanding of climate risks and opportunities. As we continue to accelerate the transformation of our value chain, these assessments will be integrated into our strategic planning and enterprise risk management frameworks to help strengthen our resilience and adaptation to climate change.
Nestlé image
Introduction
Governance
Strategy
Risk management
Metrics and targets
GOVERNANCE
Governance of our public actions and commitments to act on climate change sits at the highest level of our company. Our governance of climate change is evolving in recognition of its growing significance in society and our increasing understanding of its impact on our business.
Nestle's TCFD Report 2020
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Nestlé SA published this content on 01 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 April 2021 17:41:04 UTC.
Nestlé S.A. is the world's leading agri-food group. Net sales break down by category of products as follows:
- powdered and liquid beverages (26.7%): soluble coffees (Nescafé and Starbucks brands), coffee in capsules (Nespresso), chocolate drinks (Nesquik, Milo, etc.), tea drinks (Nestea), etc.;
- pet food (20.3%): brands such as Purina, Friskies, Felix, etc.;
- pharmaceutical, nutrition and well-being products (16.4%): nutritional supplements (Resource, Boost, Nutren, Optifast, Peptamen brands, etc.), infant and maternal nutrition products (NAN, illuma, Cerelac, Nido, Gerber), ketogenic beverages (BrainXpert), (Nesquick, Fitness, Cheerios, Lion, etc.), etc.;
- ready meals and seasoning products (12.5%): frozen and chilled dishes (Lean Cuisine, Hot Pockets and Stouffer's brands), soups (Maggi), etc.;
- dairy products and ice cream (11.8%): powdered milk, sweetened condensed milk, yoghurt and cream desserts, ice cream (Nido, Nesvita, Carnation, La Laitière, Coffee Mate, Nestlé Ice Cream, Dreyers, Häagen-Dazs, Extrême brands, etc.);
- chocolates, sweets and biscuits (8.7%): Kit Kat, Smarties, Cailler, Terrafertil, etc. brands;
- bottled waters (3.6%): Nestlé Pure Life, Vittel, Perrier, S. Pellegrino, etc. brands.
Net sales are distributed geographically as follows: Switzerland (1.2%), France (3.8%), the United Kingdom (3.8%), Germany (2.4%), Europe (12.8%), the United States and Canada (35%), China (5.9%), Asia and Oceania (21.4%) and Latin America (13.7%).
NESTLÉ S.A. 
