Nestlé Nigeria PLC
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Nutrition
- Water
- Rural Development
- Environmental Sustainability
- Youth Empowerment
- Women Empowerment
Environmental Achievements
- Achieved 100% plastics neutrality.
- Incorporated 50% rPET in Nestlé Pure Life water bottles.
- Reduced virgin plastics usage significantly.
- Removed 19,411 tons of plastic waste from the environment for recycling (136% over plastics used in production).
Social Achievements
- Reached over 10,000 individuals through community initiatives.
- Implemented Nestlé for Healthier Kids program, reaching over 750 children and 160 teachers.
- Launched Nestlé Cares Employee Volunteer Program, donating to 24 orphanages and NGOs.
- Empowered over 12,000 students through Youth Leadership Mentoring Programme.
- Supported 332 rural women retailers through empowerment program.
- Trained 2,147 pastoralists on herd health, milk hygiene, and farming best practices (Dairy Development Project).
- Trained 900 young agripreneurs through GOLDEN MORN Agripreneurship Webinar Series.
- Awarded grants to 24 businesses to support their growing Agri-business.
- Trained 139 graduates in Nestlé Technical Training Centers (TTCs), with 131 employed by Nestlé.
Governance Achievements
- Complied with the Nigerian Code of Corporate Governance 2018 and SEC guidelines.
- Maintained an effective internal control and audit function.
- Received CGRS certification with a score of 93.78%.
Climate Goals & Targets
Long-term Goals:
- Halve carbon footprint by 2030.
Medium-term Goals:
- Achieve 100% plastics neutrality by 2025.
- Collect as many plastic bottles as produced by 2030.
Short-term Goals:
- Commissioning of water and sanitation facilities in two schools (Q1 2024).
Environmental Challenges
- Unprecedented macroeconomic headwinds: cash scarcity, Naira devaluation, fuel subsidy removal.
- Changes in consumer preferences and market dynamics.
- Forex volatility and cost inflation.
Mitigation Strategies
- Demonstrated resilience by adapting strategies for sustainable growth.
- Introduced innovative products to meet evolving consumer needs.
- Increased investment in people development and well-being.
- Implemented robust margin and cost management initiatives.
- Expanded distribution footprints and retailer base.
- Invested in energy efficiency (new LNG plant).
Supply Chain Management
Responsible Procurement
- Responsible sourcing of raw and packaging materials.
- Collaboration with local farmers and suppliers.
- Partnership with IDH and TechnoServe for Developing Inclusive Grain Value Chains.
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: IFRS, Nigerian Code of Corporate Governance 2018, SEC guidelines
Certifications: CGRS
Third-party Assurance: Ernst & Young
UN Sustainable Development Goals
- Goal 8 (Decent Work and Economic Growth)
- Goal 13 (Climate Action)
- Goal 17 (Partnerships for the Goals)
Initiatives contribute to these goals through youth empowerment, sustainable agriculture, plastic neutrality, and partnerships.
Sustainable Products & Innovation
- NIDO Milk & Soya
- MILO Enersnakz
- Maggi Soya Chunks
- Nestlé Pure Life bottles with 50% rPET
Awards & Recognition
- HR OSCARS Best Practices Award
- NECA Employers Excellence Awards
- SERAS CSR Awards
- ECOSEA Top 20 companies in Environmental Sustainability
- LAPRIGA awards