Breaking the Mold: Nestlé’s Mission to be Profitable and Sustainable
More companies than ever are making an effort to be sustainable and play a part in bettering the environment, whether it’s through creating a line of vegan and health conscious products, limiting the amount of waste it produces, or investing in projects that help clean oceans… the list goes on. This includes Nestlé, who stated in a November 2019 article published by the New York Times that it can still be profitable while also helping the environment.
According to a study conducted by Deutch Bank in September 2019, companies can be profitable in the long run (and sustainable!) as shares for “environmentally responsible” companies often outperform their counterparts. This is also true on the consumer side – I know I certainly do my best to make conscious purchasing decisions when shopping to limit my negative impact on the environment!
Nestlé CEO, Mark Schenider, during an interview and lab tour “… insisted that Nestlé’s commitment to the environment and public nutrition was sincere and longstanding.” He then gave an example where the Maggi brand bouillon cubes that are a popular product in Africa have iron added because deficiency in the mineral is quite common on that continent. It’s important to note that while the food sector at Nestlé has been the recipient of some skepticism, the company has promised to add more vegetables and fiber-rich ingredients to its products, as well as to cut down on sugars, saturated fat, and salt to address consumer concerns for its impact on overall health and wellness of the global population. That’s a smart move.
Nestlé also set a company-wide goal to reduce plastic waste. The company also inaugurated the Institute of Packaging Sciences in Lausanne, where it is dedicated to ensuring all of Nestlé’s packaging will be reusable or recyclable by 2025. That’s a goal the whole planet can love!
Reports have shown that recycling alone does not alleviate the issue with waste, as recyclable packaging usually winds up being thrown away. The solution here is to create reusable packaging, according to Graham Forbes, global project leader for Greenpeace’s plastics campaign.
These are exactly the types of issues we’re looking to address at Noodle.ai: helping our clients reduce waste of all types in their supply chains. How do we do that? We help them unearth value at risk and gaps that cause waste within the data they’ve already been collecting. After initial implementation of our application suite, you too, can be profitable (and more sustainable!)
For more information request a demo, or check out our ebook “World Without Waste: Industry’s Journey from Inefficiency to Enterprise AI-Powered Sustainability”
image via New York Times
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