Nestlé Pakistan’s efforts towards creating shared value for people, planet and business were recognized at the 4th Pakistan Climate Conference for its initiatives on Climate & Net Zero, regenerative agriculture and circularity, as the company won OICCI’s top Climate Champion Award for the second consecutive year.

 

Hosted by the Overseas Investors Chamber of Commerce & Industry (OICCI), the representative body of over 200 multinational companies from 30 countries and 14 sectors, the 4th Pakistan Climate Conference coincided with the second edition of OICCI’s Climate Excellence Awards. The awards drew over 80 entries this year across categories showcasing climate leadership by multinational companies.

 

 

In his address, Federal Minister for Climate Change & Environmental Coordination Dr. Musadik Masood Malik stressed the importance of mobilizing investment and scaling innovative solutions led by the upcoming generation to accelerate Pakistan’s transition towards climate-resilient development. He noted that the country must back young innovators, describing them as Pakistan’s future leadership in navigating climate challenges.

 

 

Jason Avanceña, Chief Executive Officer, Nestlé Pakistan, said the Pakistan Climate Conference had helped advance actionable recommendations to support Pakistan’s shift towards a more climate-resilient economy. He added that Nestlé had recently announced at Davos an additional USD 60 million investment in Pakistan to support sustainability and green projects, agricultural services transformation, automation and digitalization. He noted this builds on USD 40 million invested between 2023 and 2025, bringing total planned investment to USD 100 million over six years, as a testament to Nestlé’s commitment to Pakistan.

 

 

 

Speaking on the occasion, Sheikh Waqar Ahmad, Head of Corporate Affairs & Sustainability, Nestlé Pakistan, said the company remained committed to being a force for good with sustainability at the heart of its business. He added that these efforts reinforce Nestlé’s commitment to creating shared value, while taking meaningful steps towards a cleaner environment and a more sustainable future.

 

 

Earlier, Federal Minister for Finance & Revenue, Senator Muhammad Aurangzeb, said the conference had underscored the urgency of climate action and highlighted the pivotal role the private sector plays in driving sustainable solutions. He also pointed to the government’s role in mitigating climate risks, noting Pakistan’s access to $1.3 billion in climate financing from the IMF, World Bank and ADB.

 

 

Under its global Net Zero commitments, Nestlé aims to reduce greenhouse gas emissions by 50% by 2030, on the road to Net Zero by 2050. In Pakistan, the company has achieved more than a 50% reduction in greenhouse gas emissions versus the 2018 baseline, driven by major investments including 9.6MW solar power and a 20-ton-per-hour biomass boiler at Kabirwala. Nestlé has also reduced virgin plastic by 33% and introduced recyclable flexible packaging. In addition, the company is supporting the collection and recycling of 11,000 tons of packaging waste through its Clean Gilgit-Baltistan Project, aligned with the UN Sustainable Development Goals (SDGs) 13 and 15.