Nestlé has already commited to achieving zero net greenhouse gas emissions by 2050, saying last year that one of the ways it was doing this was through improved management of its dairy supply chain. In the release announcing its new financial commitment, Jim Wells, chief supply chain officer for Nestlé USA, said supporting farmers through the Net Zero Initiative could “transform the dairy industry.”
But it will likely need to be a collective effort. A report last year found the vast majority of large meat and dairy companies “have yet to meaningfully address even the most basic sustainability risks.”
The top agricultural source of greenhouse gases globally is cattle, with one cow belching roughly 220 pounds of methane each year, according to University of California, Davis. Specifically, the United Nations’ Food and Agriculture Organization estimates the dairy sector globally contributes roughly 4% of total greenhouse gas emissions.