The Swiss giant plans to invest CHF1 billion ($1.01 billion) over ten years to make its coffee business more sustainable. Nestlé outlined its latest efforts to make its coffee business more sustainable on October 4th.
Up until 2030, the Swiss multinational corporation will invest CHF1 billion ($1.01 billion) in a series of new initiatives centered on its global Nescafé brand.
Nestlé has stated that it intends to encourage its coffee farmers to implement more sustainable practices. It seeks to convert growers to regenerative agriculture, farming based on principles such as soil conservation.
The Nescafé Plan 2030 is Nestlé’s second significant sustainability initiative for its Nescafé business. In 2010, the company introduced the Nescafé Plan, into which it reportedly invested CHF350 million.
One of the goals of the new plan is for the Nescafé company to use only “responsibly sourced” coffee by 2025. “Responsible sourced” refers to coffee that can be traced back to an identified farmer group that meets recognized sustainability standards and is verified or certified by an independent third party, according to a Nestlé spokesperson.
These are external sustainability standards that have been validated as being equivalent to our Responsible Sourcing Standard. Traceability and compliance are verified by independent organizations, such as 4C Services or the Rainforest Alliance, which deploy accredited local auditors to evaluate on-the-ground practices against the standard criteria, which include social, environmental, economic, and health and safety conditions at the farms.”