Nestlé Pakistan marks 35 years, invests PKR 2B in renewable energy.
Nestlé Pakistan has invested PKR 480 million to construct a 2.5-megawatt solar power plant at its Kabirwala Factory, marking a significant milestone in the company’s history. The annual reduction of greenhouse gas emissions by 1,800 tCO2e is the goal of this solar power plant.
In keeping with the UN climate change pledge made by the Pakistani government and its 2050 Net Zero commitments, Nestlé Pakistan is investing PKR 2 billion in additional solar power plants at its other manufacturing sites in the country, in addition to two biomass boilers.
“Nestlé Pakistan’s continuous investment and presence in Pakistan for 35 years, shows its confidence in the country, and this solar power plant is a testament to its commitment to create shared value for the people of Pakistan for a cleaner environment,” said Georg Steiner, the ambassador of Switzerland to Pakistan, during the facility’s opening.
The solar power plant can assist in fulfilling the Pakistani government’s Nationally Determined Contribution (NDC) pledge to achieve 60% renewable energy by 2030.
Nestlé Pakistan’s CEO, Jason Avanceña, stated, “Celebrating 35 years of operations in Pakistan, we dedicate ourselves to being a force for good across our value chain. We invest in renewable energy and sustainability initiatives for the country’s future.
In accordance with UN Sustainable Development Goals 13 and 15, Nestlé Pakistan has declared its intention to cut emissions by 20% (in comparison to a 2018 baseline) by 2025, halve them by 2030, and reach Net Zero by 2050.
Nestlé Pakistan is committed to economic growth in addition to sustainability, with a goal of growing exports to USD 18 million in 20 countries in order to bring in foreign revenue. In 2023, the company plans to source more than 90% of its raw materials and packaging locally, demonstrating its commitment to localization and supporting the local economy.
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