Nestle pledges $1b to coffee sustainability plan

LONDON – Nestle will spend more than one billion Swiss francs by 2030 on efforts to source coffee sustainably, the food company said on Tuesday , more than double its previous pledge.

The boss of Rolls Royce also said during the Impact conference that the aviation industry needs to accelerate the use of biofuels. Multinationals are meanwhile facing increased reputational and legal pressure from consumers and governments alike to clean up their global supply chains in the fight against climate change.

The company's statement announcing its plan to double spending on sustainable coffee sourcing said it is "committed to supporting farmers who take on the risks and costs associated with the move to regenerative agriculture", and will provide programmes aimed at helping them improve their income.

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