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Nestlé Launches NESCAFÉ Plan 2030 to Help Drive Regenerative Agriculture and Reduce Greenhouse Gas Emissions

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Nestlé

The brand is investing over one billion Swiss francs by 2030 in the NESCAFÉ Plan 2030

ACCRA, Ghana, October 4, 2022/APO Group/ — 

NESCAFÉ, Nestlé’s (www.Nestle.com) largest coffee brand and one of the world’s favorite coffees, outlined today its extensive plan to help make coffee farming more sustainable: the NESCAFÉ Plan 2030. The brand is working with coffee farmers to help them transition to regenerative agriculture while accelerating its decade of work (https://bit.ly/3E9QCol) under the NESCAFÉ Plan. 

The brand is investing over one billion Swiss francs by 2030 in the NESCAFÉ Plan 2030. This investment builds on the existing NESCAFÉ Plan as the brand expands its sustainability work (https://bit.ly/3yeQBf4). It is supported by Nestlé’s regenerative agriculture financing following the Group’s commitment to accelerate the transition to a regenerative food system (https://bit.ly/3fzWVqW) and ambition to achieve zero net greenhouse gas emissions (https://bit.ly/2kiYa1y).

“Climate change is putting coffee-growing areas under pressure,” said David Rennie, Head of Nestlé Coffee Brands. “Building on 10 years’ experience of the NESCAFÉ Plan, we’re accelerating our work to help tackle climate change and address social and economic challenges in the NESCAFÉ value chains.”

Rising temperatures will reduce the area suitable for growing coffee by up to 50% by 2050[1]. At the same time, around 125 million people depend on coffee for their livelihoods[2] and an estimated 80% of coffee-farming families live at or below the poverty line[3]. Action is needed to ensure the long-term sustainability of coffee.

“As the world’s leading coffee brand, NESCAFÉ aims to have a real impact on coffee farming globally,” said Philipp Navratil, Head of Nestlé’s Coffee Strategic Business Unit. “We want coffee farmers to thrive as much as we want coffee to have a positive impact on the environment. Our actions can help drive change throughout the coffee industry.”

Supporting farmers’ transition to regenerative coffee farming 

Regenerative agriculture is an approach to farming that aims to improve soil health and fertility – as well as protect water resources and biodiversity. Healthier soils are more resilient to the impacts of climate change and can increase yields, helping improve farmers’ livelihoods.

NESCAFÉ will provide farmers with training, technical assistance and high-yielding coffee plantlets to help them transition to regenerative coffee farming practices. Some examples of regenerative agriculture practices include the following:

  • Planting cover crops helps to protect the soil. It also helps add biomass to the soil, which can increase soil organic matter and thus soil carbon sequestration.
  • Incorporating organic fertilizers contributes to soil fertility, which is essential for good soil health.
  • Increasing the use of agroforestry and intercropping contributes to biodiversity preservation.
  • Pruning existing coffee trees or replacing them with disease and climate-change resistant varieties, will help rejuvenate coffee plots and increase yields for farmers.

Focusing on origins from where NESCAFÉ sources 90% of its coffee  

NESCAFÉ will be working with coffee farmers to test, learn and assess the effectiveness of multiple regenerative agriculture practices. This will be done with a focus on seven key origins, from where the brand sources 90% of its coffee: Brazil, Vietnam, Mexico, Colombia, Côte d’Ivoire, Indonesia and Honduras.

NESCAFÉ aims to achieve:

As the world’s leading coffee brand, NESCAFÉ aims to have a real impact on coffee farming globally

Woman working hard in the farm.
  • 100% responsibly sourced coffee by 2025 (https://bit.ly/3SV3Lpw)
  • 20% of coffee sourced from regenerative agricultural methods by 2025 and 50% by 2030 as part of Nestlé’s ambition for its key ingredients  (https://bit.ly/3CoEKfN)  

Piloting a financial support scheme in Mexico, Côte d’Ivoire and Indonesia to accelerate the transition to regenerative agriculture

NESCAFÉ is committed to supporting farmers who take on the risks and costs associated with the move to regenerative agriculture. It will provide programs that aim to help farmers improve their income as a result of that transition. In Mexico, Côte d’Ivoire and Indonesia, NESCAFÉ will pilot a financial support scheme to help farmers accelerate the transition to regenerative agriculture. Through this scheme, NESCAFÉ, together with coffee farmers, will test and learn the best approach in each country. These could include measures such as:

  • conditional cash incentives for adopting regenerative agriculture practices
  • income protection using weather insurance
  • greater access to credit lines for farmers

NESCAFÉ will track the progress and assess the results of its field programs with coffee farmers through its Monitoring and Evaluation partnership with the Rainforest Alliance. Its efforts will be complemented by new and expertise-focused partnerships, like the one with Sustainable Food Lab for topics related to coffee farmers’ income assessment, strategy and progress tracking.

Reducing greenhouse gas emissions also by capturing and storing more carbon in the soil

Regenerative agriculture also contributes to drawing down carbon dioxide from the atmosphere and reducing greenhouse gas emissions. That’s why regenerative agriculture is a key part of Nestlé’s Zero Net roadmap. NESCAFÉ aims to contribute to Nestlé’s Zero Net commitment (https://bit.ly/2kiYa1y) to halve greenhouse gas emissions by 2030 and reach zero net greenhouse gas emissions by 2050. It will work with farmers, suppliers and partners to help protect agricultural lands, enhance biodiversity and help prevent deforestation. The brand intends to help farmers plant more than 20 million trees at or near their coffee farms.

In Central and West Africa Region, Nestlé is the leader in pure soluble coffee. Over the last 10 years, the NESCAFÉ plan has been developing a coffee industry where everyone can thrive. We have supported over 22,000 coffee farmers with capacity building and technical assistance. We have also promoted youth employment through our entrepreneurship program, MYOWBU which currently benefits over 5,000 young people with pushcarts and shoulder kits.

What does the NESCAFÉ Plan 2030 mean for coffee farmers in our region for the future? For Mauricio Alarcón, Chief Executive Officer of Nestlé Central & West Africa, the NESCAFÉ Plan will continue to help improve livelihoods and make coffee farming more sustainable. “With income diversification, human rights and child protection among others, we will work closely with farmers more than ever to improve livelihoods in communities, while advancing efforts to safeguard the environment for generations to come”.

Going forward by building on a strong foundation

Today’s announcement builds on NESCAFÉ’s sustainability efforts in coffee production. Since 2010, the brand has invested in sustainability through the NESCAFÉ Plan (https://bit.ly/3ybFvXU) and has made significant progress:

  • Responsibly sourced coffee: 82% of NESCAFÉ’s coffee was responsibly sourced in 2021  
  • Coffee plantlets: 250 million new coffee plantlets distributed to farmers since 2010
  • Monitoring and evaluation: impact assessment in partnership with the Rainforest Alliance across 14 countries
  • Greenhouse gas emissions: 46% reduction in greenhouse gas emissions in our soluble coffee factories (2020 vs. 2010, per tonne of product)
  • Water usage: 53% less water withdrawal in our soluble coffee factories (2020 vs 2010, per tonne of product)

[1] Inter-American Development Bank (https://bit.ly/3SF9srW)

[2] Fairtrade Foundation (https://bit.ly/3SwhzHd)

[3] TechnoServe (https://bit.ly/3rpaaxi

Distributed by APO Group on behalf of Nestlé.

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Ministers among hundreds of energy-sector leaders to attend AOW event

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Sinclair

The event kicks off with an invitation-only ministerial symposium focused on the theme of “Fostering innovation, attracting investment, and promoting sustainable growth in the oil, gas, and energy sectors”

CAPE TOWN, South Africa, October 4, 2024/APO Group/ — 

AOW: Investing in African Energy (https://AOWEnergy.com) – Africa’s leading oil, gas and energy event – has confirmed attendance for more than 80 ministers and senior officials, representing African governments, energy departments and regulators at next month’s event.

These influential stakeholders will be among the more than 1 600 senior delegates and industry leaders who will be attending the event to develop policy, share discoveries, secure investment, and shape Africa’s energy future.

The event kicks off with an invitation-only ministerial symposium focused on the theme of “Fostering innovation, attracting investment, and promoting sustainable growth in the oil, gas, and energy sectors.”

Given the recent major oil-and-gas discoveries across Africa, the energy transition and major geopolitical events, it is clear that the energy sector needs positive intervention

Among the officials and government ministers attending will be energy leaders from South Africa, Nigeria, Namibia, Cote d’Ivoire, Mozambique, DRC, Ghana, Kenya, Madagascar, Eswatini, Uganda, CAR, Guinea Conakry, Guinea Bissau, Ethiopia, The Gambia, Gabon, Malawi, Morocco, Zanzibar, Liberia, Senegal, Congo Brazzaville and Sierra Leone.

In addition, the event will feature high-level delegations from numerous national oil companies, as well as multilateral bodies including the African Union, (AU), African Energy Commission (AFREC), African Petroleum Producers’ Organization (APPO) and the Southern African Power Pool (SAPP).

AOW will see these energy leaders networking with C-suite executives and decision-makers from more than 760 top energy companies at daily networking events, to discuss insights, forge new relationships, and negotiate major energy deals.

“We are so excited to see the calibre of delegates at this year’s AOW event,” says Chief Executive Officer of Sankofa Events, Paul Sinclair. “Given the recent major oil-and-gas discoveries across Africa, the energy transition and major geopolitical events, it is clear that the energy sector needs positive intervention. The high-powered attendance proves AOW is a key platform to enable this intervention.”

Key themes to be discussed at this year’s AOW will be sustainable upstream development; expanding gas value chains; renewables and new energies; adoption of best-in-class technologies; and access to finance.

AOW: Investing in African Energy will culminate in a special anniversary party at Groot Constantia Vineyard to celebrate 30 years of the AOW event.

Distributed by APO Group on behalf of AOW: Investing in African Energy.

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Afreximbank approves US$20.8 million for Starlink Global’s cashew factory project in Lagos

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PAPSS

The facility is expected to promote value addition which will guarantee increased earnings to the company while also fostering the creation of about 400 new jobs

CAIRO, Egypt, October 4, 2024/APO Group/ — 

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has approved a US$20.8 million financing facility for Nigeria-based Starlink Global & Ideal Limited to enable the company construct and operate a 30,000-metric tonne per annum cashew processing factory in Lagos.

We are delighted at this partnership which promises to deliver significant impact on employment in Nigeria

According to the facility agreement signed in on July 22, 2024, Afreximbank will provide the funds in two tranches with the first tranche of US$7.48M going toward capital expenditure for the construction of the factory and the second, totalling US$13.25M to be deployed as working capital for the operations of the factory.

The facility is expected to promote value addition which will guarantee increased earnings to the company while also fostering the creation of about 400 new jobs once the factory becomes operational. It is also expected to support about 40 small and medium-sized enterprises.

Commenting on the transaction, Mrs. Kanayo Awani, Executive Vice President, Intra Africa Trade and Export Development, Afreximbank, said that by supporting Starlink Global to establish a modern processing facility, Afreximbank is making it possible for Africa to add value to its agro-commodities, thereby facilitating exports and subsequent inflow of much-needed foreign exchange into the continent.

“We are delighted at this partnership which promises to deliver significant impact on employment in Nigeria. It will contribute to value creation and to the development of the local community while also improving the lots of smallholder farmers and small business suppliers that will work with Starlink across the value chain,” Mrs. Awani added.

Distributed by APO Group on behalf of Afreximbank.

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Sonangol to Lead Decarbonized Oil & Gas (O&G) Development, Says Angolan National Oil Company (NOC) Head

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Sonangol

Participating in an on-stage interview at Angola Oil & Gas 2024, Sonangol CEO Sebastião Gaspar Martins emphasized that oil and gas remains a core focus for the national oil company

LUANDA, Angola, October 3, 2024/APO Group/ — 

Angola’s national oil company Sonangol reiterated its commitment to driving sustainable hydrocarbon development during the Angola Oil & Gas (AOG) conference this week. Speaking during an “In-Conversation with” session, Sonangol CEO Sebastião Gaspar Martins stated that the company will not abandon oil and gas, but rather advance decarbonized oil and gas development.

We are looking at opportunities in the gas sector and have identified the right partner to develop non-associated gas

By investing in upstream oil and gas production while prioritizing low-carbon projects, Sonangol aims to boost national crude output, while diversifying and decarbonizing the industry. The NOC is focusing efforts on non-associated gas development, as well as alternative energy sources such as solar.

“We are looking at opportunities in the gas sector and have identified the right partner to develop non-associated gas. Gas produced from Angola LNG will be used for the production of fertilizer and we are evaluating the utilization of gas in the south of the country, linking gas with steel industries. We also have a blue carbon project, linked to the reduction of carbon through the plantation of mangroves. We have one area in Luanda and have identified four additional areas for this,” stated Gaspar Martins.

Sonangol has undergone transformation in recent years: following the creation of the National Oil, Gas & Biofuels Agency (ANPG) in 2019, Sonangol transferred its role as national concessionaire and regulator. This transformation has aimed to make Sonangol more competitive and strengthen its capacity as an upstream operator. Concurrently, the government is partially privatizing the NOC, with privatization set to be complete in 2026. This process will enhance financial capacity, allowing Sonangol to drive new upstream projects forward.

“The transformation of Sonangol started several years ago, when we passed the regulatory, concessionaire role to the ANPG. At the time, we transferred almost 600 employees to the ANPG. After that, Sonangol underwent a restructuring program where we created five core business units from 36 different entities – starting with exploration and production. We want to go public, but we want to do it properly. So, we are currently going through all the processes to do this,” stated Gaspar Martins.

Distributed by APO Group on behalf of Energy Capital & Power.

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