“Race to Zero”: Nestlé supports acceleration of resilient zero-carbon recovery

05 Jun 2020 --- Nestlé has joined “Race to Zero,” a global campaign that seeks to mobilize leadership and support from businesses, cities, regions and investors for a healthy and resilient zero-carbon recovery in the run-up to the 26th UN Climate Change Conference of the Parties (COP26). The campaign aims to drive a new growth and innovation agenda in support of a more inclusive and resilient economy following the COVID-19 pandemic.

Race to Zero will rally leaders who are committed to achieving net-zero emissions by 2050 at the very latest, in line with global efforts to limit warming to 1.5°C. Additionally, all participants will submit a plan in advance of COP26 and set interim targets in the next decade.

Nestlé is accelerating its actions to tackle climate change and has committed to net-zero emissions by 2050. The company will publish a roadmap, including interim targets consistent with the 1.5°C path.

Nestlé recognizes that its ability to succeed relies on system-wide changes and urges others to do likewise. It will also require a concerted global effort to ensure the recovery from COVID-19 revives the economy and enables the world to tackle climate change at the same time.

“We know the challenge of climate change will not wait, so neither will we. Time is of the essence, and we need quick wins in the short-term to build a better future as we recover from the COVID-19 crisis. We will work with others and use our scale and expertise as well as the power of our brands to drive progress – fast. Building a more sustainable food system will be a core element of the solution to climate change, and we intend to play our part in making this happen,” says Mark Schneider, CEO of Nestlé, ahead of his participation in the virtual launch event of Race to Zero.

The campaign is also working to define the most effective pathways to zero-emission for key sectors such as energy, transport, industry, food, retail and finance. It also aims to reach key economic tipping points faster. The new pathways will drive coordinated action by investors, businesses, policymakers and NGOs.

Edited by Elizabeth Green