Why climate change creates partnership opportunities — Nestlé

As temperatures rise, how much more expensive will it get to source fresh milk and other foods? A conversation with Nestlé's Paul Bakus.

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.

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

  • Saldiner adva

    Adva Saldinger

    Adva Saldinger is an Associate Editor at Devex, where she covers the intersection of business and international development, as well as U.S. foreign aid policy. From partnerships to trade and social entrepreneurship to impact investing, Adva explores the role the private sector and private capital play in development. 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.

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