Nestle Case Study: Natural Capital
01 January 2017
Nestlé believe that treating natural capital as a valuable business asset is a key part of what it means to be a sustainable business. As such, they strive to understand and manage their dependencies and impacts on natural capital throughout both their operations and supply chains.
Topics
Sectors
- Crisps & Snacks
Working with Wild Business, an independent consultancy that specialises in helping businesses engage with the natural environment, Nestlé have begun to roll out a programme of natural capital assessments across all their sites in the UK. Along with engaging with multistakeholder industry organisations such as through the Natural Leaders Platform, part of the Cambridge Institute for Sustainable Leadership, they are also working with the environmental charity and think tank Green Alliance on a new policy framework to preserve and enhance natural capital in the UK.
By working in partnership with other organisations, they believe they can better understand their impacts across the value chain, and share knowledge and shape policy for the benefit of others.They aim to pass on the lessons they've learned about natural capital throughout their supply chain and encourage biodiversity not just in their own sites, but also in land owned by their First Milk farmers.
“We recognise that the long term success Nestlé is dependent on the products and services provided by the natural world. This is why we are committed to developing our business in a way that safeguards natural capital, and in particular biodiversity and ecosystems services."
Chairman & CEO, Nestlé UK Ltd