Nestlé has been named among nearly 30 companies as a leader in reducing carbon emissions and tackling climate change across its supply chain.
CDP, the international not-for-profit environmental monitoring group included the chocolate manufacturer in its first supplier engagement leader board.
As part of the organisation’s work, it assessed actions to reduce emissions and lower climate-related risks in the supply chain in the past year.
Nestle emerged in the leaderboard alongside other major corporations including Panasonic, Bank of America, Hewlett-Packard and Deutsche Telekom, of more than 3,300 that were examined by CDP.
Its researchers found that $12.4 billion of cost savings from emissions reductions projects were disclosed in 2016, nearly double the savings reported in 2015. However, only 47% of companies that disclosed are actually setting targets to reduce their emissions.
Patricia Espinosa, executive secretary, United Nations Framework Convention on Climate Change, said: “CDP supply chain data is testament to the resourcefulness of global suppliers to reduce their greenhouse gas emissions and water footprint while benefitting the business, customers and communities.
“I congratulate companies highlighted by CDP as leaders on climate action in the first-ever Supply Chain Engagement Rating. By shining a light on leading company practices, this report provides insight into the evidence for action.”
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