Continuing its journey of doing good for Sri Lanka, Nestlé Lanka is furthering its investment in the country despite volatilities, with its strong focus on sustainability.
Accordingly, the ‘Good food, Good life’ company will be investing over Rs. 1 billion in a biomass boiler project at its state-of-the-art factory in Kurunegala, which will contribute significantly towards the company’s endeavour of achieving net zero emissions across the value chain by 2050.
Planned to begin mid-2023, this investment project will be conducted under a Build-Own-Operate-Transfer (BOOT) agreement with Thermax Energy & Environment Lanka (Private) Limited.
Nestlé strongly believes in conducting its operations sustainably in a manner which positively impacts not only people, but also the planet.
Towards this end, the company has in place a comprehensive roadmap spanning across the entire value chain from farm to end-of-shelf-life, towards reducing greenhouse gas emissions by 20% by 2025 and 50% by 2030, ultimately achieving net zero emissions by 2050.
As such, the construction of this biomass boiler is a significant milestone in Nestlé’s sustainability journey in Sri Lanka, resulting in an approximate 37% reduction in greenhouse gas emissions in manufacturing.
Having started its operations in 1984, today, Nestlé Lanka’s Kurunegala factory manufactures over 90% of Nestlé products sold in the country.
Standing by the country and its people for over 115 years, the company has become an integral part of Sri Lankan lives and contributes to the livelihoods of more than 25,000 Sri Lankan dairy and coconut farmers and out-growers and provides direct employment to over 800.
Over the years, Nestlé Lanka has consistently invested in the country and just last year, the company invested over Rs. 2 billion in a new Vacuum Band Dryer aimed at expanding the capacity of its manufacturing facility for malted food, i.e., Nestlé Nestomalt and Nestlé Milo.
Minister of Industries and Plantations, Hon. Dr. Ramesh Pathirana; Secretary, Ministry of Environment, Dr. Anil Jasinghe and Swiss Ambassador to Sri Lanka and the Maldives, HE. Dominik Furgler along with officials from Nestlé Lanka, including Managing Director, Mr. Jason Avanceña, and Managing Director – Designate, Mr. Bernhard Stefan participate this event.