Name: Nestle invests big to cut carbon emissions
Uploaded: 2020-12-04T18:16:04.000Z
Duration: 1 min 10 s
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it produced 92 million tons of greenhouse gasses in 2018.

The world's biggest food company said on Thursday it plans to invest over $3.5 billion over the next five years to reduce its climate impact with an aim to get to net zero emissions by 2050.

Nestle said it will work with farmers and suppliers to promote regenerative agriculture, like restoring soil health.

The company plans to source more than 40 million tons of its ingredients from farmers using these techniques.

It also plans to switch to renewable electricity for all its power by 2025.

The maker of Kit Kat chocolate bars and Nescafe a coffee said it would finance these investments primarily through operational and structural efficiencies.

Nestle says it also plans to scale up its reforestation program.

 It aims to plant 20 million trees every year for the next decade in the areas where it's sources ingredients, as well as offsetting business travel by 2022. 