Nestle to spend $487M on sustainable coffee supply chain
01 Sep 2010
Source: Environmental Leader
Nestle will invest approximately $487 million to address responsible farming, sourcing and consumption across its coffee supply chain. Nestle purchases around 780,000 tons of green coffee a year or 10 percent of the world’s supply. Nestle’s Nescafé Plan is a global initiative that builds on the $195 million the company has already invested in the coffee industry over the past 10 years.
Under the plan, Nestle will double the amount of coffee it buys directly from farmers to 180,000 tons over the next five years. In addition, 90,000 tons of Nescafé coffee will be sourced according to the Rainforest Alliance and Sustainable Agriculture Network principles by 2020. It also will ensure that all directly purchased green coffee will meet 4C sustainability standards by 2015. The company also will reduce the environmental footprint of its coffee producing factories around the world, although targets or goals weren’t provided. Nestle recently announced it will stop buying palm oil from suppliers linked to deforestation after a two month campaign by Greenpeace.
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