{"id":8968,"date":"2016-11-04T01:23:03","date_gmt":"2016-11-04T05:23:03","guid":{"rendered":"https:\/\/digital.hbs.edu\/platform-rctom\/submission\/nestle-ready-for-the-next-150-years-in-climate-changing-times\/"},"modified":"2016-11-04T15:36:00","modified_gmt":"2016-11-04T19:36:00","slug":"nestle-ready-for-the-next-150-years-in-climate-changing-times","status":"publish","type":"hck-submission","link":"https:\/\/d3.harvard.edu\/platform-rctom\/submission\/nestle-ready-for-the-next-150-years-in-climate-changing-times\/","title":{"rendered":"Nestle \u2013 Ready for the next 150 Years in (Climate) changing times?"},"content":{"rendered":"

When a company already has a 150-years legacy, and offers products for Nutrition, Health and Wellness across the globe \u2013 there\u2019s clearly a lot at stake in these (climate) changing times. Nestle, which makes everything from chocolate and coffee, to baby food, pizza, milk, ice cream, and packaged meals, not only caters to billions of consumers, but also partners with over 165,000 suppliers and 695,000 farmers worldwide. [1<\/a>]<\/p>\n

Nestle has seen climate change impact its business. Climate change is bad for farmers and agriculture – Drought, flooding, and hotter growing conditions threaten the world\u2019s food supply and contribute to food insecurity. Global weather patterns affect crop yields, water availability and infrastructure integrity. [2<\/a>] Paul Grimwood, Chairman and CEO of Nestle USA clearly acknowledges the huge task at hand to adapt to this. According to him, “Nestl\u00e9 intends to flourish for at least another 150 years, and we believe tackling climate change is key to a healthy planet and healthy people.\u201d<\/p>\n

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Even though Nestle has adopted strategies to tackle climate change, it faces constant pressure to match rising consumer demands without increasing emissions that cause climate change. For some of its flagship products that use materials like Cocoa and Coffee – there is a huge question around sustainability of prices as water shortage is fueling the problem further. [3<\/a>]. Nescafe and Nespresso coffee brands of Nestle contribute to 10% of the world\u2019s coffee, sourced through more than 200,000 farmers. Declining yields, water shortage, greenhouse gases all are threats to Nescafe and the farmer population associated with Coffee. As a result, they have come up with something called \u2018The Nescafe Plan\u2019 to create a sustainable foundation. [4<\/a>]<\/p>\n

Due credit needs to be given to Nestle for taking a holistic stock of the situation and devising a foundational roadmap to deal with climate change and related issues spanning its entire value chain.<\/p>\n

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Some of the goals Nestle has set for itself: <\/strong><\/p>\n