Podcast
Questions and Answers
What percentage of primary supply chains for meat, palm oil, pulp and paper, soy, and sugar were assessed as deforestation-free?
What percentage of primary supply chains for meat, palm oil, pulp and paper, soy, and sugar were assessed as deforestation-free?
What percentage of key ingredients does the company aim to source from farmers adopting regenerative agricultural practices by 2025?
What percentage of key ingredients does the company aim to source from farmers adopting regenerative agricultural practices by 2025?
By what year does the company aim to achieve a 100% assessed deforestation-free supply chain for cocoa and coffee?
By what year does the company aim to achieve a 100% assessed deforestation-free supply chain for cocoa and coffee?
What is the company's goal regarding assessed deforestation-free primary supply chains for meat and palm oil?
What is the company's goal regarding assessed deforestation-free primary supply chains for meat and palm oil?
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By what year does the company plan to achieve 50% of its key ingredients sourced from farmers using regenerative practices?
By what year does the company plan to achieve 50% of its key ingredients sourced from farmers using regenerative practices?
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What is the target reduction in water use in factories by 2023?
What is the target reduction in water use in factories by 2023?
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Which of the following products is NOT included in the primary supply chains reported for deforestation-free assessments?
Which of the following products is NOT included in the primary supply chains reported for deforestation-free assessments?
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What was the assessed percentage for deforestation-free primary supply chains for cocoa and coffee?
What was the assessed percentage for deforestation-free primary supply chains for cocoa and coffee?
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What is the baseline year for the greenhouse gas (GHG) emissions reductions indicated?
What is the baseline year for the greenhouse gas (GHG) emissions reductions indicated?
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Which statement reflects the company’s approach towards its business growth?
Which statement reflects the company’s approach towards its business growth?
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What is the company's approach to meeting consumer demands?
What is the company's approach to meeting consumer demands?
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How much net reduction of greenhouse gas emissions is targeted relative to the 2018 baseline?
How much net reduction of greenhouse gas emissions is targeted relative to the 2018 baseline?
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In what year is the company planning to achieve 100% assessed deforestation-free supply chains for meat, palm oil, pulp and paper, soy, and sugar?
In what year is the company planning to achieve 100% assessed deforestation-free supply chains for meat, palm oil, pulp and paper, soy, and sugar?
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What level of assessed deforestation-free percentage does the company currently maintain for palm oil?
What level of assessed deforestation-free percentage does the company currently maintain for palm oil?
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What area does the company intend to enhance in terms of sustainability in sourcing?
What area does the company intend to enhance in terms of sustainability in sourcing?
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What is the estimated reduction in water use in factories from the specified baseline?
What is the estimated reduction in water use in factories from the specified baseline?
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What percentage of renewable electricity does Nestlé aim to achieve at its manufacturing sites by 2025?
What percentage of renewable electricity does Nestlé aim to achieve at its manufacturing sites by 2025?
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What was the total emissions reported by Nestlé?
What was the total emissions reported by Nestlé?
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Which initiative focuses on increasing regenerative agricultural practices?
Which initiative focuses on increasing regenerative agricultural practices?
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What percentage of Nestlé's total emissions are in scope for Net Zero?
What percentage of Nestlé's total emissions are in scope for Net Zero?
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What impact did climate change continue to have in 2023 according to the data?
What impact did climate change continue to have in 2023 according to the data?
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What is a key collaborative effort mentioned in Nestlé's initiatives?
What is a key collaborative effort mentioned in Nestlé's initiatives?
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What type of support is being provided to farmers as part of the initiatives?
What type of support is being provided to farmers as part of the initiatives?
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What is the primary goal of Nestlé's Net Zero commitments?
What is the primary goal of Nestlé's Net Zero commitments?
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What is the main focus of Nestlé's CSV Council's agenda?
What is the main focus of Nestlé's CSV Council's agenda?
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Which plan is associated with Nestlé's coffee initiatives for 2030?
Which plan is associated with Nestlé's coffee initiatives for 2030?
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What is a key component of the Nespresso Positive Cup Strategy?
What is a key component of the Nespresso Positive Cup Strategy?
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Which initiative focuses on cocoa farmers' financial improvement?
Which initiative focuses on cocoa farmers' financial improvement?
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Who were the participants in the '3 Horizons' facilitator training?
Who were the participants in the '3 Horizons' facilitator training?
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What does the term 'circular economy' refer to in Nestlé's context?
What does the term 'circular economy' refer to in Nestlé's context?
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Which stakeholder group is included in Nestlé's community approach?
Which stakeholder group is included in Nestlé's community approach?
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What does the collaboration with startups like Circulation aim to achieve?
What does the collaboration with startups like Circulation aim to achieve?
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What is the primary strategy of the Task Force mentioned?
What is the primary strategy of the Task Force mentioned?
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Which method is utilized to assess and disclose climate-related risks and opportunities?
Which method is utilized to assess and disclose climate-related risks and opportunities?
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What does Nestlé's climate-related emissions reporting separate?
What does Nestlé's climate-related emissions reporting separate?
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In 2023, how much CO2e was represented by Nestlé's disclosures?
In 2023, how much CO2e was represented by Nestlé's disclosures?
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What is one of Nestlé's approved targets concerning emissions?
What is one of Nestlé's approved targets concerning emissions?
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Which aspect is specifically mentioned as optional for Nestlé's emissions reporting?
Which aspect is specifically mentioned as optional for Nestlé's emissions reporting?
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What strategy does Nestlé use to achieve reductions in GHG emissions?
What strategy does Nestlé use to achieve reductions in GHG emissions?
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What should Nestlé's climate-related risks and opportunities be covered in?
What should Nestlé's climate-related risks and opportunities be covered in?
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What is the focus area of the leadership message from Mark Schneider?
What is the focus area of the leadership message from Mark Schneider?
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What key aspect is highlighted in the progress against commitments section?
What key aspect is highlighted in the progress against commitments section?
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Which title does Mark Schneider hold within the organization?
Which title does Mark Schneider hold within the organization?
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What document serves as an outline for Nestlé's sustainability strategies?
What document serves as an outline for Nestlé's sustainability strategies?
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What role does the data assurance by EY play in the report?
What role does the data assurance by EY play in the report?
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What principle does Nestlé apply to enhance its engagement with investors and analysts?
What principle does Nestlé apply to enhance its engagement with investors and analysts?
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Which event did Nestlé participate in to drive discussions on food systems?
Which event did Nestlé participate in to drive discussions on food systems?
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Which approach does Nestlé adopt for knowledge sharing among industry associations?
Which approach does Nestlé adopt for knowledge sharing among industry associations?
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What initiative has Nestlé established with UNESCO?
What initiative has Nestlé established with UNESCO?
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How does Nestlé approach collaboration and advocacy with key stakeholders?
How does Nestlé approach collaboration and advocacy with key stakeholders?
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What is the primary focus of the governance structure mentioned in the material?
What is the primary focus of the governance structure mentioned in the material?
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How many times did the Council meet during 2023?
How many times did the Council meet during 2023?
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Which aspect is highlighted as essential for creating shared value within the governance?
Which aspect is highlighted as essential for creating shared value within the governance?
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What type of committee is specifically mentioned in relation to sustainability oversight?
What type of committee is specifically mentioned in relation to sustainability oversight?
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Which environmental concern is specifically listed in the strategies identified?
Which environmental concern is specifically listed in the strategies identified?
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What is being assessed through the key performance indicators mentioned?
What is being assessed through the key performance indicators mentioned?
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Which area does the governance structure focus on to ensure effective implementation of strategies?
Which area does the governance structure focus on to ensure effective implementation of strategies?
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In regards to packaging, what specific goal is indicated in the strategies?
In regards to packaging, what specific goal is indicated in the strategies?
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What is the primary focus of the ESG & Sustainability Council's meetings?
What is the primary focus of the ESG & Sustainability Council's meetings?
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Which of the following topics is NOT included in the Council's scope?
Which of the following topics is NOT included in the Council's scope?
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How does the Executive Board remuneration relate to ESG performance?
How does the Executive Board remuneration relate to ESG performance?
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What is the purpose of the Value and Sustainability Report to be issued on February 22, 2024?
What is the purpose of the Value and Sustainability Report to be issued on February 22, 2024?
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What percentage of the grant value is tied to ESG-related key performance indicators for the Short-Term Incentive Plan?
What percentage of the grant value is tied to ESG-related key performance indicators for the Short-Term Incentive Plan?
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When does the Council hold its meetings?
When does the Council hold its meetings?
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What is the main strategic document associated with Nestlé's ESG & Sustainability goals?
What is the main strategic document associated with Nestlé's ESG & Sustainability goals?
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What type of data is generated by the Council every quarter?
What type of data is generated by the Council every quarter?
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Which statement accurately captures one of the key market challenges noted in the document?
Which statement accurately captures one of the key market challenges noted in the document?
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What percentage of key ingredient volumes does the company aim to have responsibly sourced by 2030?
What percentage of key ingredient volumes does the company aim to have responsibly sourced by 2030?
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Which specific year is mentioned for the inclusion of certain ingredients in the numerator for responsible sourcing?
Which specific year is mentioned for the inclusion of certain ingredients in the numerator for responsible sourcing?
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What is indicated as necessary for achieving sustainable growth in the context provided?
What is indicated as necessary for achieving sustainable growth in the context provided?
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Which ingredients are included in the denominator for the calculation of servings with micronutrient fortification?
Which ingredients are included in the denominator for the calculation of servings with micronutrient fortification?
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Which of the following statements is true regarding the percentage of key ingredients that are responsibly sourced?
Which of the following statements is true regarding the percentage of key ingredients that are responsibly sourced?
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What is specifically excluded from the key ingredients evaluated for responsible sourcing in 2023?
What is specifically excluded from the key ingredients evaluated for responsible sourcing in 2023?
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Which statement best describes the relationship between data comparability and the year-to-year ingredient sourcing calculations?
Which statement best describes the relationship between data comparability and the year-to-year ingredient sourcing calculations?
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What does the HACCP system primarily help to ensure?
What does the HACCP system primarily help to ensure?
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Which standard do the HACCP plans and systems comply with?
Which standard do the HACCP plans and systems comply with?
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How does the organization enhance its analytics capability?
How does the organization enhance its analytics capability?
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What role does Nestlé's worldwide consumer services organization play?
What role does Nestlé's worldwide consumer services organization play?
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What is one of the focuses of collaboration with partners mentioned in the content?
What is one of the focuses of collaboration with partners mentioned in the content?
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What is the main goal of the Quality Management System implemented by Nestlé?
What is the main goal of the Quality Management System implemented by Nestlé?
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What are the main tools used for food safety risk assessment at Nestlé?
What are the main tools used for food safety risk assessment at Nestlé?
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What does the comprehensive training for employees responsible for food safety include?
What does the comprehensive training for employees responsible for food safety include?
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How does Nestlé assist its suppliers in adhering to food safety protocols?
How does Nestlé assist its suppliers in adhering to food safety protocols?
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What is one benefit of Nestlé's Quality Management System for farmers?
What is one benefit of Nestlé's Quality Management System for farmers?
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Which of the following represents the approach Nestlé takes towards food safety?
Which of the following represents the approach Nestlé takes towards food safety?
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What is the significance of the onboarding process for suppliers at Nestlé?
What is the significance of the onboarding process for suppliers at Nestlé?
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What is a primary component of the role Nestlé undertakes as the world’s largest food and beverage company?
What is a primary component of the role Nestlé undertakes as the world’s largest food and beverage company?
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Study Notes
Performance Indicators Overview
- Diverse product portfolio includes meat, palm oil, pulp and paper, soy, sugar, cocoa, and coffee.
- Commitment to achieve 100% deforestation-free supply chains for meat, palm oil, pulp and paper, soy, and sugar by 2022; and for cocoa and coffee by 2025.
- Current deforestation-free assessments:
- Meat, palm oil, pulp and paper, soy: 97.2%, 99.1%, 97.9%.
- Cocoa and coffee: 93.4%.
Agricultural Practices
- By 2025, target is 20% of key ingredients sourced from farmers practicing regenerative agriculture; 50% by 2030.
- 6.8% to 15.2% of key ingredient sourcing currently comes from farmers adopting regenerative practices.
Environmental Commitments
- Aiming for a net reduction of greenhouse gas emissions against a 2018 baseline.
- Goal to reduce water usage in factories by 6 million cubic meters between 2021 and 2023.
Collaborative Initiatives
- Implementation of the Nescafé Plan 2030, a framework supporting coffee sustainability.
- Engagement with academia, farmers, and the investment community to promote sustainable practices and infrastructure.
Climate Impact Mitigation
- 90% of Nestlé's emissions are under Net Zero scope.
- Total emissions reported at 87.54 million tonnes, with significant focus on indirect emissions from sold products.
- Utilization of the TCFD methodology for climate risk and opportunity assessment.
Renewable Energy Goals
- Achieved 91.9% renewable electricity at manufacturing sites, with a target of 100% by 2025.
- Plans to transition to renewable energy sources to boost energy efficiency and reduce emissions.
Transparency and Reporting
- Dedication to transparency in sustainability initiatives and progress reporting.
- Commitment to review and disclose emissions reduction targets regularly.
Governance and Strategic Overview
- Effective governance fosters shared value creation and alignment with environmental goals.
- The Board of Directors oversees strategy and non-financial performance, meeting 12 times in 2023.
- Key areas of focus include reduction of greenhouse gas emissions, sustainable packaging, and water conservation.
Business Model and Sustainability Goals
- Aim to achieve 100% responsibly sourced key ingredients by 2030, including cocoa and coffee.
- Progress against sustainability commitments is monitored through quarterly performance data.
Key Performance Indicators (KPIs)
- 2023 data for KPIs is independently assured, noting that comparisons year-on-year are not viable.
- Recipe for affordable nutrition with micronutrient fortification reached 128.47 billion servings.
- Specific focus on ingredients includes dairy, coffee, cocoa, cereals, grains, and vegetables.
ESG & Sustainability Council
- The ESG & Sustainability Council provides strategic oversight and support for Nestlé's sustainability agenda.
- Monthly meetings of the Council facilitate alignment on topics like net zero goals and responsible sourcing.
- Executive Board remuneration linked to ESG outcomes includes 15% based on ESG-related KPIs since 2021.
Engagement and Advocacy
- Nestlé maintains transparent communication with investors through regular meetings and calls.
- Engagement with industry associations focuses on shared practices and advocacy in ESG areas.
- Participation in global initiatives such as the UN Food Systems Summit and collaboration with UNESCO for youth projects promotes sustainability efforts.
Farm to Fork Quality Management
- Quality Management System initiated on farms supports farmers in rural communities, enhancing material quality and sustainable practices.
- Collaborations with farmers improve production quality and raise living standards within communities.
- The system addresses global environmental and social issues, ensuring access to high-quality raw materials.
Supplier Compliance and Food Safety
- Nestlé maintains a rigorous qualification and onboarding process for suppliers, ensuring food safety and compliance.
- All suppliers must follow Responsible Sourcing Core Requirements, reinforcing high internal standards and regulations.
- Regular audits and inspections are conducted to verify adherence to internal standards and international guidelines.
Training and Food Safety Practices
- Employees involved in food safety undergo comprehensive training on Good Manufacturing Practices (GMP) and internal standards.
- Training covers all aspects of the manufacturing process and is updated regularly as part of an internal audit program.
- New employees receive safety training, followed by assessments to ensure understanding of safety protocols.
Hazard Analysis and Critical Control Points
- HACCP system is employed to proactively identify and control food safety hazards throughout the production process.
- Plans and systems are verified by external certification bodies, aligning with ISO 22000:2005/ISO 22002-1 standards.
- More than 4.1 million analytical tests were conducted in 2023 for ongoing food safety risk assessment.
Advanced Risk Management
- Partnership with external entities to predict and address food safety challenges from environmental and geopolitical events.
- Enhanced analytics capabilities in Quality Assurance Centers utilize cutting-edge technologies to assess risks like chemical contaminants.
Consumer Engagement and Services
- Products include safety and quality usage information for consumers, promoting safe consumption.
- A global consumer services organization enables timely responses to consumer inquiries, fostering engagement and transparency.
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Description
This quiz examines the primary supply chains for meat and palm oil, focusing on performance indicators and employee roles. Understand how these diverse elements contribute to the industry's operations and sustainability efforts.