CORRECTED-(OFFICIAL) -Nestle vows to plant 3 million trees in Mexico, Brazil to help set off emissions [Reuters]
NESTLE S.A S/ADR (NSRGY)
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Source: Reuters
Nestle vows to plant 3 million trees in Mexico, Brazil to help set off emissions MEXICO CITY (Reuters) - Nestle SA is launching a reforestation project to plant at least 3 million trees in Mexico and Brazil in the next year and a half as the Swiss food group strives for carbon neutrality by 2050, executives told Reuters. Nestle is one of a number of major corporations including Microsoft and Amazon that have taken on ambitious targets to reduce carbon emissions, often in response to growing demands from customers and investors to step up efforts to combat climate change. In September, Nestle - whose products range from KitKat chocolates to Nescafe coffee, Cheerios cereal and Poland Spring bottled water - signed a United Nations-backed pledge aimed at limiting global temperature rise and said it would adjust its business to prioritize renewable energy, alternative packaging materials and carbon absorption. At a cost of $1 to $15 per tree, the first phase of Nestle’s reforestation proje
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