Nestlé becomes TFT’s newest member

TFT to Follow Palm Oil Back to Source for Nestlé; Swiss Giant Commits to Excluding Suppliers that Destroy Forests. Greenpeace Welcomes Agreement as “Very Positive” 17 May 2010. The Forest Trust (TFT) announced today  that Swiss consumer goods company Nestlé has agreed to a plan that will rid its products of palm oil purchased from suppliers whose activities are destroying vulnerable tropical forests in the developing world. Under the terms of their agreement, the Geneva-based nonprofit will work with Nestlé to transform its purchasing power into a force for forest conservation, according to TFT’s executive director Scott Poynton. Auditors from the Geneva-based NGO will be in Southeast Asia before the end of May to start work on making Nestlé’s supply chains in the region responsible. More…

News selected by Covalence | Country: Global | Company — Ethical Quote link: Nestlé | Source: The Forest Trust