Swiss food giant Nestlé plans to invest 1.2 billion Swiss francs (1.1 billion euros) over the next five years in regenerative agriculture, he said on Thursday.
Ahead of a United Nations summit in New York on food systems, the Swiss group unveiled a program to encourage agriculture in its supply chain aimed at “protect and restore the environment, improve the standard of living of farmers and strengthen the well-being of farming communities”, he said in a statement.
This program is structured around three axes, including a technical assistance component for farmers, an investment support component and a bonus component for raw materials from regenerative agriculture.
The Swiss group, owner in particular of Nespresso coffee pods, Maggi broths and Smarties confectionery, intends to help improve biodiversity, preserve soil, regenerate water cycles and integrate animal husbandry.
“We want to increase our support for agricultural practices that are beneficial for the environment”, said Mark Schneider, its chief executive, quoted in the statement.
Alternatives to milk
Agriculture accounts for nearly two-thirds of its total greenhouse gas emissions, recognized the Swiss group. Dairy products and livestock alone account for about half of these emissions.
Among its plans to reduce these emissions in its supply chain, Nestlé intends to work with 30 dairy farms in 12 countries to test regenerative agriculture practices that can be implemented on a larger scale, he said. as an example. Nestlé also plans to work with farmers to select and grow legume varieties that can be used in alternatives to milk.
The big names in food such as Unilever, Danone or General Mills but also in luxury and fashion have in turn adopted this term, little known to the general public of regenerative agriculture in their communications on their environmental commitments.
All of them aim to reduce their greenhouse gas emissions in their supplies of agricultural raw materials. But there is no common charter, and each company defines its own criteria.