NESTLE Philippines Inc. has fully transitioned its Cagayan de Oro factory to renewable electricity after it signed a 15-year agreement with Cagayan Electric Power and Light Corp. (Cepalco) and Mindanao Energy Systems on August 22, 2023.
With this agreement, Nestle has achieved a milestone in its roadmap towards net zero greenhouse gas emissions, achieving 100-percent renewable electricity use in all its factories.
This also signifies the popular Nestle brands such as NESCAFE, Coffee Mate, Bear Brand, Milo and Maggi will now be made at its factory in Cagayan de Oro using renewable electricity distributed by Cepalco from Minergy's nine-megawatt hydro plant.
"One focus area of our net zero commitments is to transform our operations to reduce our carbon footprint," Nestle Philippines Inc. Chairman and CEO Kais Marzouki said.
"With that, a priority task for us has been to fully convert our electricity power source to renewable electricity. We are happy to complete that task with our Cagayan de Oro Factory to renewable electricity," he added.
Nestle began its full transition to renewable electricity with its Luzon facilities in 2016.
Marzouki emphasized Nestle's determination to fulfill its net zero commitments in striving to make a difference for the environment as the "Kasambahay for Good of Filipinos," adding that the company is looking forward to continuing its work of tackling climate change with other like-minded stakeholders.