Nestlé has unveiled its agenda to transition into a regenerative growth system of production.
The plan, titled “Generation Regeneration”, is set to put the company on track to honour its commitment to the United Nation’s Sustainable Development Goals (SDGs) by 2030.
The producer’s targets include measures to halve its emissions by 2030 and hit net zero by 2050.
The company is set to invest almost £940 million in regenerative agriculture over the next five years, offering investment support to farmers for projects, loans and equipment.
It will offer “state-of-the-art” technology and research and development for farmers to pioneer new agricultural alternatives, and will also pay a premium for materials produced using regenerative practices.
According to the food manufacturer, its priorities include regeneration of water cycles, soil conservation, livestock integration and the enhancement of biodiversity.
Further aspects of the company’s plan include its goal to reduce emissions caused by dairy and livestock, apparently responsible for a third of its greenhouse gas contributions.
To combat dairy emissions, Nestlé will work with 30 reference dairy farms across 12 countries to launch experiments to bring it closer to net zero.
The brand also hopes to reveal a new platform to train an estimated 40,000 farmers under one of the company’s Nestlé’s “agripreneurship” programmes.
“We know that regenerative agriculture plays a critical role in improving soil health, restoring water cycles and increasing biodiversity for the long term,” Nestlé chairman Paul Bulcke said.
“These outcomes form the foundation of sustainable food production and also contribute to achieving our climate targets.”
Nestlé chief executive Mark Schneider added: “We want to increase our support for farming practices that are good for the environment and good for people.
“It is vital that we support farmers around the world that take on the risks and costs associated with the move towards regenerative agriculture.”