Nestlé unveils $1.29 billion plan to support transition to regenerative food system

Nestlé announced plants to support and accelerate the transition to a regenerative food system. With an investment of $1.29 billion over the next five years, the plan is aimed at protecting and restoring the environment, improving the livelihoods of farmers, and enhancing the well-being of farming communities.

The world's biggest food company said it will work with its partners, which includes more than 500,000 farmers and 150,000 suppliers, to advance regenerative farming practices at the heart of the food system.

The announcement was made a week ahead of the UN Food Systems Summit in New York, as part of Nestlé's contribution to help achieve the Sustainable Development Goals (SDGs) by 2030. It also follows the recent report from the United Nations' Intergovernmental Panel on Climate Change that shows the climate crisis is intensifying.

Nestlé is a signatory of the UN Business Ambition for 1.5°C pledge and was one of the first companies to share its detailed, time-bound climate plan in December 2020. The company is taking measures to halve its emissions by 2030 and achieve net zero by 2050.

"We know that regenerative agriculture plays a critical role in improving soil health, restoring water cycles and increasing biodiversity for the long term," said Nestlé chairman Paul Bulcke. "These outcomes form the foundation of sustainable food production and, crucially, also contribute to achieving our ambitious climate targets."

See Nestlé's full regeneration announcement here.