Helps the company in its journey of achieving net zero emissions by 2050
Nestlé Lanka successfully completed the coconut value chain analysis from raw material acquisition up to reception at its Kurunegala factory and received carbon footprint verification from the Sri Lanka Climate Fund, making the company the first in Sri Lanka to complete the verification for the upstream coconut value chain. Recommendations from the analysis will be used as a guiding light to develop a comprehensive roadmap to neutralize emissions in the company’s coconut value chain and move towards regenerative agricultural practices, in its journey of achieving net zero emissions by 2050.
“It is a privilege to have received carbon footprint verification from an esteemed organization such as the Sri Lanka Climate Fund, bearing testament to our unwavering commitment towards doing good for the planet. As coconut is one of our main ingredients, this verification is a significant milestone in our net zero journey, helping further reduce emissions in our coconut value chain. Sustainability is embedded into the way we do business; we work together with our stakeholders from farm to fork to deliver on our promise of ‘Good food, Good life’, whilst accelerating our efforts towards net zero. Towards this end, we will also conduct similar analyses to other value chains as well” said Mr. Jason Avanceña, Managing Director, Nestlé Lanka.
As one of the largest exporters of coconut milk powder in the country, Nestlé Lanka contributes towards the socio-economic development of Sri Lanka, helping uplift the local coconut industry and creating sustainable livelihoods for farming communities. Since the introduction of Maggi Real Coconut Milk Powder in 1986, the company has supported the livelihoods of over 8,000 local coconut farmers. In 2021, the company contributed Rs. 6 billion to the local coconut industry procuring over 94 million coconuts to produce Maggi Real Coconut Milk Powder, which is sold in over 50 countries worldwide, contributing towards the generation of foreign exchange.
Recognizing Nestlé Lanka’s significant contribution to the country’s export sector, the company was awarded the Best Exporter in the Coconut Kernel Sector for the financial years 2019/2020 and 2020/2021, at the 24th Presidential Export Awards organized by the Sri Lanka Export Development Board (EDB).
Driven by its purpose of ‘unlocking the power of food to enhance quality of life for everyone, today and for generations to come’, Nestlé has nourished generations of Sri Lankan families with high quality food and beverages from early childhood to old age. Having started its operations in Sri Lanka in 1906, today, Nestlé has become an integral part of Sri Lankan lives and contributes to the livelihoods of more than 25,000 Sri Lankan dairy and coconut farmers and out growers and provides direct employment to over 800. The company manufacture over 90% of its products sold in Sri Lanka locally at their state-of-the-art factory in Kurunegala, employing strict safety and quality controls.