$MAYBANK (1155.MY)$ 0535 GMT - Nestlé (Malaysia)'s efforts t...

0535 GMT - Nestlé (Malaysia)'s efforts to reduce its carbon footprint have earned it a higher ESG score from Maybank IB. Jade Tam said the food and beverage company's latest report shows it has made further progress in reducing emissions. She pointed out that total emissions of Scope 1, 2, and 3 (covering a company's entire value chain) have declined by 46% since 2021, while all of its manufacturing facilities have transitioned to 100% solar and hydro. Tam added that Nestlé also stands out for transparency in sustainability data and has examined its progress in achieving net zero emissions by 2050. According to Maybank IB, the company's ESG progress and data availability are “higher than other F&B manufacturers.”

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