Nestle, Kellogg among companies forming biodiversity initiative

Nestle S.A., Kellogg Co. and Danone S.A. are among 19 companies that have partnered with the World Business Council for Sustainable Development to launch an initiative to protect and restore biodiversity within their supply chains and product portfolios. The coalition, called “One Planet Business for Biodiversity,” launched Sept. 23 at the United Nations Climate Action Summit in New York.

Also known as the OP2B, the initiative will focus on three pillars: scaling up regenerative agriculture practices, boosting cultivated biodiversity and diets through product portfolios, and eliminating deforestation/enhancing the management, restoration and protection of natural ecosystems.

“The global food and agricultural ecosystem is critically dependent on biodiversity: from soil regeneration through to water filtration, pest control and pollination, among many of the other building blocks of life on earth,” said Emmanuel Faber, chairman and chief executive officer of Paris-based Danone. “According to many recent scientific studies, we have 10 years to reset our course and bend the curve on climate change and wild and cultivated biodiversity loss. We need a collective effort now.”

Other OP2B members are Balbo Group, Barry Callebaut, Firmenich, Google, Jacobs Douwe Egberts, Kering, Livelihood Funds, L’Oreal, Loblaw Cos. Ltd., Mars, Inc., Migros Ticaret, McCain Foods, Royal DSM, Symrise AG, Unilever and Yara International ASA. The 19 companies sell products in more than 120 countries and have combined total revenues of about $500 billion.

Read the full story here: https://www.foodbusinessnews.net/articles/14556-nestle-kellogg-among-companies-forming-biodiversity-initiative