Climate Week NYC, the biggest climate Summit held annually, endeavors to bring together businesses and government leaders to present their agendas towards climate action. At this year’s Climate Week NYC 2020, taking place from September 21 – 27, here’s a look at the Fast-Moving Consumer Goods (FMCG) sector’s green initiatives.
The multinational food and beverage company Nestlé announced its desire to accomplish zero net greenhouse gas emissions (GHG) by 2050 at Climate Week NYC. They plan to transform their portfolio by introducing environment-friendly products using 100% renewable electricity and extending nature-based resolutions to cut out carbon within their supply chain.
The company recently announced its latest reforestation drive – Project RELeaf – through which three million indigenous trees will be planted in Malaysia over the next three years, with an investment of approximately $4.4 million. The establishment will also join with local communities to enhance awareness of environmental protection and help boost livelihoods. The business expects to eliminate deforestation from its supply chain by over 90% by the end of 2020.
Global retail giant Walmart aims at zero emissions by 2040 and has the goal of protecting, managing, or restoring at least 50 million acres of land and one million square miles of ocean by 2030 as part of their green initiatives.
We want to play an important role in transforming the world’s supply chains to be regenerative. We face a growing crisis of climate change and nature loss, and we all need to take action with urgency, said Doug McMillon, President and CEO, Walmart.
Walmart’s long-standing commitment to climate action will involve steps like harvesting solar, wind and other renewable energy sources with 100% renewable energy by 2035. They intend to electrify and remove emissions from all its vehicles, including long-haul trucks, by 2040. The association will also make a move to transitioning to low-impact refrigerants for cooling and electrified equipment for heating in its stores and distribution centers by 2040.
In its recent attempt to advance climate action during Climate Week 2020, the world’s second-largest processor and marketer of chicken, beef, and pork – Tyson Foods – claims itself to be the first US protein company to set science-based greenhouse gas reduction targets and aspires to reduce emissions 30% by 2030. They also plan to provide farmers with tools to educate them on how to better their economic and environmental returns.
The enterprise has stepped up to shoulder more than 400,000 acres to engage with farmers to increase yields, keep soil healthy, improve water quality/ conservation, and protect wildlife habitats. The firm, which recently became the first major US food syndicate to authenticate sustainable beef production, is also working with cattle producers to certify sustainable beef production practices on more than 5 million acres of cattle grazing land.
E-commerce giant Amazon is starting a ‘Climate Pledge Friendly’ program, a new scheme to help customers find and buy more sustainable products as part of their green initiatives.
Climate Pledge Friendly is a simple way for customers to discover more sustainable products that help preserve the natural world. With 18 external certification programs and our own Compact by Design certification, we’re incentivizing selling partners to create sustainable products that help protect the planet for future generations, said Jeff Bezos, founder, and CEO, Amazon
The company will enlist more than 25,000 products with the badge of Climate Pledge Friendly to indicate that the products have one or more of 19 different sustainability certifications. The products will range across beauty, fashion, grocery, household, and personal electronic products.
These corporates are striving to meet the targets of their green initiatives enlisted during Climate Week, which will result in better industry practices, viable livelihoods, and informed purchasing habits from the consumers’ end. Thanks to these businesses’ visions and missions, here’s hoping for a greener planet with improved climate for a protracted human race.