Nestlé has seen climate change impact its business. As the company tackles the resulting challenges, it sees a prime opportunity to partner with others — both academics and competitors — to find solutions.
Nestlé is working internally but also with suppliers to ensure that despite a changing climate, there will be sustained supplies of commodities, says Paul Bakus, Nestlé's president of corporate affairs.
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Nestlé has already seen a direct connection between higher temperatures and its ability to source fresh milk, Bakus told Devex in a video interview. Climate change is here and must be addressed, he suggested.
Last week, Nestlé’s U.S. operation released its Creating Shared Value report, which outlines the company’s commitments to minimizing its environmental impact — when it comes to waste, water, energy efficiency and climate change, for instance.
How does Nestlé tackle climate change and what partnership opportunities may arise as a result of it? Click the video above to find out more.
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Feeding Development is an online conversation hosted by Devex in partnership with ACDI/VOCA, Chemonics, Fintrac, GAIN, Nestlé and Tetra Tech to reimagine solutions for a food-secure future from seed and soil to a healthy meal.
About the author
Adva Saldinger@AdvaSal
Adva Saldinger is a Senior Reporter at Devex where she covers development finance, as well as U.S. foreign aid policy. Adva explores the role the private sector and private capital play in development and authors the weekly Devex Invested newsletter bringing the latest news on the role of business and finance in addressing global challenges. A journalist with more than 10 years of experience, she has worked at several newspapers in the U.S. and lived in both Ghana and South Africa.