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    NESN   CH0038863350

NESTLÉ S.A.

(NESN)
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Nestle S A : Blue Bottle Coffee commits to carbon neutrality by 2024

09/21/2021 | 11:42am EDT

Blue Bottle Coffee announced today its commitment to achieve carbon neutrality by 2024. This extends to the entire brand, in the United States and Asia, and from coffee and ingredient sourcing to guest-use and end-of-life greenhouse gas (GHG) emissions for product and packaging. Blue Bottle will attain carbon neutrality for its GHG emissions first by reducing as much as possible - including through work with coffee producers to sustain and expand regenerative agricultural practices - then by supporting carbon removal and high-quality offsetting projects for unabated GHG emissions.

In 2022 the company will publish its accelerated roadmap to achieving carbon neutrality by 2024.

Today's announcement represents a significant next step towards the brand's long-term sustainability goals of leading the food service industry in the boldest, most comprehensive waste and GHG emissions reduction movement.

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"Since our founding in 2002, sustainability has been a core value at Blue Bottle. Sustainability for us means caring for people and planet," said Karl Strovink, CEO of Blue Bottle Coffee. "We are steadfast in providing guests with the highest quality coffee and cafe experience without the need to compromise on our values."

In 2020, Blue Bottle held true to the commitment of compensating for the greenhouse gas (GHG) emissions associated with its e-commerce business on orders shipped throughout the United States.

This year, the company focused efforts to reduce GHG emissions across four key areas: coffee sourcing, electricity, dairy, and waste. The company also committed to help scale regenerative agriculture as part of its 2024 carbon neutrality target. Blue Bottle made a multi-year commitment to purchase the first available high-quality, registry-certified agricultural carbon credits. Produced by Carbon by Indigo, these credits support U.S. farmers transitioning from conventional practices toward more beneficial agriculture.

This next major milestone of carbon neutrality by 2024 will involve fundamental changes to Blue Bottle's business operations and partnerships with suppliers.

Read the full press release (pdf, 174Kb)

Read the full report on Blue Bottle's carbon neutrality commitment

Find out more information about Blue Bottle's sustainability efforts

Disclaimer

Nestlé SA published this content on 21 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 September 2021 15:41:06 UTC.


© Publicnow 2021
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Financials
Sales 2021 86 279 M 93 358 M 93 358 M
Net income 2021 12 120 M 13 114 M 13 114 M
Net Debt 2021 35 693 M 38 621 M 38 621 M
P/E ratio 2021 26,1x
Yield 2021 2,53%
Capitalization 311 B 337 B 336 B
EV / Sales 2021 4,01x
EV / Sales 2022 3,86x
Nbr of Employees 273 000
Free-Float 97,6%
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Mean consensus OUTPERFORM
Number of Analysts 27
Last Close Price 112,96 CHF
Average target price 122,81 CHF
Spread / Average Target 8,72%
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Managers and Directors
Ulf Mark Schneider Chief Executive Officer & Director
François-Xavier Michel Marie Roger Chief Financial Officer & Executive Vice President
Paul Bulcke Chairman
Stefan Palzer Chief Technology Officer & Executive VP
Magdi Batato Head-Operations & Executive Vice President
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