KARACHI: Nestlé Pakistan's initiatives in Climate and Net Zero strategies, regenerative agriculture, and circularity have once again been recognized at the 4th Pakistan Climate Conference. The company clinched the Climate Champion Award for the second consecutive year, acknowledging its contributions to creating shared value for people, the planet, and business.
According to Nestlé Pakistan Limited, the 2nd Climate Excellence Awards, organized by the Overseas Investors Chamber of Commerce and Industry—representing over 200 multinational entities—received more than 80 entries this year. Federal Minister for Climate Change and Environmental Coordination, Dr. Musadik Masood Malik, emphasized the importance of investment and innovative solutions to foster climate-resilient development in the country. He highlighted the potential of the younger generation in leading Pakistan out of climate challenges.
Senator Muhammad Aurangzeb, Federal Minister for Finance and Revenue, underscored the private sector's critical role in sustainable solutions during his address at the conference. He noted the government's commitment to addressing climate issues, citing Pakistan's access to $1.3 billion in climate financing from international bodies like the IMF, World Bank, and ADB.
Jason Avanceña, Chief Executive Officer of Nestlé Pakistan, praised the conference's actionable recommendations for supporting the country's transition to a climate-resilient economy. He also announced Nestlé's additional USD 60 million investment in Pakistan to bolster sustainability initiatives, building upon a previous USD 40 million commitment from 2023 to 2025.
Sheikh Waqar Ahmad, Head of Corporate Affairs and Sustainability at Nestlé Pakistan, reiterated the company's dedication to sustainability. Nestlé's global Net Zero goals aim for a 50% reduction in greenhouse gas emissions by 2030, working towards Net Zero by 2050. The company has already achieved significant reductions in emissions and introduced new sustainable packaging initiatives.
Nestlé's efforts align with the UN's Sustainable Development Goals, particularly in waste management and renewable energy, as demonstrated by projects like the Clean Gilgit-Baltistan Project.