Nestlé Pakistan has pledged to invest up to Rs 2 billion in renewable power and sustainability initiatives. In this regard the company has inaugurated a 2.5 megawatt solar power plant, with an investment of Rs 480 million at its Kabirwala Factory that aims to reduce 1,800 tCO2e of greenhouse gas emissions per year.
Moreover the company is planning to establish two biomass boilers and additional solar power plants at its other manufacturing sites in Pakistan to achieve net zero emissions for its manufacturing.
A press release from the company stated that Nestlé Pakistan has further strengthened its localization journey, moving to over 90% of raw and packaging requirements locally in 2023 while strengthening local industry.
According to the press release Jason Avanceña, Chief Executive Officer, Nestlé Pakistan, said “As we celebrate 35 years of operations in Pakistan, we are committed to be a force for good throughout our value chain for the future of the country by boosting investment in renewable energy and sustainability initiatives.”
“We are continuing to accelerate the use of renewable energy and this inauguration today is part of our larger renewable energy strategy along with our future plans to introduce biomass boilers and a similar solar plant soon at our Sheikhupura Factory and other manufacturing sites,” Avanceña added.