Nestle Strategy of Going Green with Public Private Partnerships
- Aug 1, 2022 1:22 pm GMT
Nestlé, the world's largest food and beverage company, announced the opening of a new $340 million Nescafé coffee factory in Veracruz, Mexico, powered by clean energy and produces no wastewater.
Nestlé launched a series of sustainability commitments for its Nescafé brand last year, including goals to achieve 100% responsibly sourced coffee by 2025, 100% recyclable or reusable packaging by 2025, and investments in climate-related actions across the supply chain to reduce environmental impact.
Nestlé claims that the plant will generate 1,200 new jobs in the region and will make Mexico Nestlé's largest coffee producer globally.
Mexican President Andrés Manuel López Obrador said at the new coffee factory's opening:
"With the opening of this plant, Nestlé is assisting nearly 100,000 coffee producers in Mexico." This demonstrates the importance of collaboration between the public and private sectors in attracting investment to our country."
These initiatives will assist organisations in promoting social capitalism among customers and working to protect the environment.
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