Nestlé will spend $1 billion by 2030 on efforts to source coffee sustainably, more than double its previous pledge, the food company said on Tuesday.
The company, which has already committed to sourcing all of its coffee sustainably by 2025, said it intends by then to have 20% of its coffee grown using “regenerative” agricultural practices.
This includes planting crops to protect the soil, using organic fertilizers to improve soil fertility, and increasing the use of agroforestry and intercropping to preserve biodiversity — all with the goal of halving greenhouse gas emissions by 2030.
In the statement announcing the plan to double spending on sustainable coffee sourcing, the company said it was “committed to supporting farmers who assume the risks and costs associated with switching to regenerative agriculture” and will provide programs designed to help them. them to improve their income.
The coffee sector is valued at $200 billion to $250 billion a year at retail, based on the report, but producing countries receive less than 10% of that amount when exporting beans, and farmers even less.
Some 125 million people around the world depend on coffee for their livelihoods, while around 80% of farming families live at or below the poverty line, according to nonprofits Fairtrade and Technoserve.
Source: CNN Brasil
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