Brand Finance Plc
Climate Impact & Sustainability Data (2023, 2024)
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Sustainability
- Environmental Responsibility
- Social Responsibility
- Governance
Environmental Achievements
- Nestlé significantly reduced greenhouse gas emissions and is on track to achieve 100% renewable electricity by 2025.
- Nestlé released its second voluntary Climate Risk and Impact Report.
- Valio aims to achieve zero carbon footprint for milk production by 2035.
- Yili completed the United Nations Global Compact (UNGC)’s Climate Ambition Accelerator (CAA) Programme.
- 31 Yili factories were certified as state-level “green factories”.
- Yili proposed its Low Water Footprint Initiative for the dairy industry.
Social Achievements
- Nestlé supports equal economic opportunities for young people and advances women’s equality in the workplace.
- Yili fosters strong customer loyalty by delivering high-quality products with perceived health benefits.
- Yili's Global Smart Manufacturing Industrial Park aims to generate ecological, social, and economic benefits.
- Yili won the World Dairy Innovation Award.
Governance Achievements
- Nestlé's ongoing transparency and commitment regarding climate-related issues.
- Yili actively promotes ESG development, with outcomes recognized by the Chinese Academy of Social Sciences and Forbes China’s 2022 China ESG 50 list.
Climate Goals & Targets
Long-term Goals:
- Coca-Cola aims to achieve net-zero carbon emissions by 2050.
Medium-term Goals:
- Coca-Cola aims to use at least 50% recycled material by 2030.
- Coca-Cola aims to reduce greenhouse gas emissions by 25% by 2030.
- Valio aims to achieve zero carbon footprint for milk production by 2035.
Short-term Goals:
- Nestlé aims to achieve 100% renewable electricity by 2025.
- Coca-Cola aims to make 100% of its packaging recyclable globally by 2025.
Environmental Challenges
- Increased inflation rates
- Supply chain disruptions
- Global economic uncertainty
Mitigation Strategies
- Nestlé's ability to meet evolving consumer preferences, stay ahead of trends, and effectively launch new products.
- Yili's focus on quality, innovation, and environmental responsibility.
- Hershey's adaptation and extension of its product portfolio to meet consumer needs.
Supply Chain Management
Responsible Procurement
- Responsible sourcing practices
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: ISO 10668, ISO 20671
Third-party Assurance: Austrian Standards
Awards & Recognition
- World Dairy Innovation Award (Yili)
Reporting Period: 2024
Environmental Metrics
ESG Focus Areas
- Sustainability
Social Achievements
- Standard Bank champions gender equality and women's empowerment.
- Clicks supports black, female-owned businesses, exceeding its target of procuring more than R3.5 billion from black-owned SMMEs and female-owned suppliers.
Climate Goals & Targets
Environmental Challenges
- Currency fluctuations (e.g., strength of the US dollar impacting African brands like MTN).
- Load shedding in South Africa.
- Geopolitical operating conditions.
- CEO challenges (e.g., Pick n Pay).
Mitigation Strategies
- MTN's international presence and effective strategies in customer service, advertising, loyalty programs, and reputation management.
- Standard Bank's adaptability and refined strategies to stay ahead of market changes.
- Nando's remarkable recovery from the Covid-19 pandemic through strategic adjustments to operational models.
Supply Chain Management
Responsible Procurement
- Clicks' procurement from black-owned SMMEs and female-owned suppliers.