Nestle Plans to Invest $3.6 Billion in Climate Change Fight
- Company to plant 200 million trees over coming decade
- Nespresso, Perrier, S. Pellegrino to be carbon-neutral by 2022
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Nestle SA, the world’s largest food company, said it will invest 3.2 billion Swiss francs ($3.6 billion) over the next five years in an effort to fight climate change.
The company will plant 200 million trees during the next decade and help farmers and suppliers shift toward regenerative agriculture, the KitKat maker said Thursday. Nespresso, Perrier and San Pellegrino will become carbon-neutral by 2022, with the rest of its bottled water portfolio doing so by 2025.