Nestlé releases its 2021 Annual Report, Creating Shared Value, and Sustainability Report
Nestlé has released its 2021 Annual Report, as well as its Creating Shared Value and Sustainability Report, today. The publications demonstrate how consumer-centric, fast-paced innovation, digitalization, and a focus on sustainability contribute to the creation of long-term value.
Nestlé has the ability to deliver and scale meaningful innovations that respond to changing consumer tastes, respond to the growing interest in nutritional health solutions around the world, and contribute to sustainability. The Annual Review features examples from some of the company's fastest-growing segments. Nestlé developed new nutritional solutions for diabetes, cardiovascular disease, and other medical conditions in Health Science.
Nutren GlucoSmart, for example, was launched in Malaysia to support healthy glucose levels. Nestlé applies the same expertise to developing pet solutions. Pro Plan Cardio Care was introduced in 2021 to help dogs with heart disease. In coffee, the company discovered two new varieties that yield up to 50% more per tree than standard varieties and allow for a 30% reduction in farm carbon footprint. Farmers in Latin America are now cultivating one of these varieties for use in Nescafé.
Nestlé focuses on providing consumers with holistic online brand experiences because strong digital capabilities are an important growth driver. E-commerce sales increased by 15.1%, increasing e-share commerce's of total Group sales to 14.3% in 2021.
Nestlé expanded its use of connected operations technology last year, with over 100 sites now benefiting from a more connected workforce, improved visibility across the entire manufacturing process, and increased local flexibility. Nestlé was able to identify changes in demand and supply in real time and deal with issues much faster during a year marked by supply chain constraints.
Nestlé explains how it is supporting the just transition to climate-friendly and nature-positive food systems in the Annual Review's Creating Shared Value (CSV) section, as well as in the full CSV and Sustainability Report. The company is following through on its climate roadmap and has reported that it has reached peak carbon levels.
Nestlé has reduced its absolute greenhouse gas emissions for the last two years in a row, despite a significant increase in business volume. It has achieved a reduction of 4.0 million tonnes of CO2 equivalents, for example, by switching to renewable electricity or encouraging farmers to use natural fertilizers. Furthermore, it has begun removing 9.7 million tonnes of CO2 equivalents through nature-based solutions within its value chain.
Source: Nestle news
