{"id":13997,"date":"2023-10-02T14:37:49","date_gmt":"2023-10-02T14:37:49","guid":{"rendered":"https:\/\/www.esgtoday.com\/?p=13997"},"modified":"2023-10-02T14:37:51","modified_gmt":"2023-10-02T14:37:51","slug":"nestle-launches-program-to-provide-climate-risk-insurance-to-coffee-farmers","status":"publish","type":"post","link":"https:\/\/www.esgtoday.com\/nestle-launches-program-to-provide-climate-risk-insurance-to-coffee-farmers\/","title":{"rendered":"Nestl\u00e9 Launches Program to Provide Climate Risk Insurance to Coffee Farmers"},"content":{"rendered":"<!--themify_builder_content-->\n<div id=\"themify_builder_content-13997\" data-postid=\"13997\" class=\"themify_builder_content themify_builder_content-13997 themify_builder tf_clear\">\n    <\/div>\n<!--\/themify_builder_content-->\n\n\n<p>Global food and beverage company Nestl\u00e9 announced today the launch of a pilot program to provide weather insurance to smallholder farmers in its Nescaf\u00e9 brand\u2019s supply chain. The company said that the new program comes as climate change pressures coffee-growing areas, with smallholder farmers exposed to the risk of irregular weather conditions affecting their crops.<\/p>\n\n\n\n<p>The new program aims to provide farmers with financial protection to cope with unpredictable weather patterns, using satellite-based climate data to determine if coffee output has been impacted by too much, or not enough, rainfall during key crop cycle phases, and issuing payments automatically to affected farmers, according to the severity of the weather.<\/p>\n\n\n\n<p>Launched in collaboration with climate insurance specialist Blue Marble, the program is being piloted with more than 800 smallholder coffee farmers in Indonesia. Based on the results of the program, Nestl\u00e9 said that it will determine whether to expand the initiatives to other Nescaf\u00e9 sourcing locations.<\/p>\n\n\n\n<p>Jaime de Pini\u00e9s, CEO of Blue Marble, said:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote\">\n<p>\u201cSmallholder coffee farmers in Indonesia are vulnerable to climate risks and need access to insurance to protect against extreme weather events. We are proud to partner with Nestl\u00e9 and its brand Nescaf\u00e9 to develop innovative ways to support the climate adaptation of smallholder coffee farmers and their families.\u201d<\/p>\n<\/blockquote>\n\n\n\n<p>According to Nestl\u00e9, the new program forms an integral part of its Nescaf\u00e9 Plan 2030<a href=\"https:\/\/www.esgtoday.com\/nestle-to-invest-over-1-billion-in-sustainable-coffee-farming-initiatives\/\">. Launched last year<\/a>, the plan outlines the coffee brand\u2019s strategy to improve the sustainability of coffee farming, and help farmers transition to regenerative agriculture practices. Initiatives under the plan include providing farmers with training, technical assistance and high-yielding coffee plantlets, and working with farmers to test, learn and assess the effectiveness of multiple regenerative agriculture practices. The plan\u2019s initiatives are focused in countries including Brazil, Vietnam, Mexico, Colombia, C\u00f4te d\u2019Ivoire, Indonesia and Honduras, which represent 90% of the brand\u2019s coffee sourcing. At launch, Nestl\u00e9 said that the brand will invest over 1 billion Swiss Francs (USD$1 billion) by 2030 in the Nescaf\u00e9 Plan.<\/p>\n\n\n\n<p>Marcelo Burity, Global Head of Nestl\u00e9&#8217;s Green Coffee Development, said:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote\">\n<p>\u201cThis weather insurance helps to establish a support mechanism for smallholder coffee farmers in Indonesia. It allows them to access financial resources to re-establish their crops in the event of irregular weather conditions while building resilience in coffee farms.\u201d<\/p>\n<\/blockquote><span class=\"et_bloom_bottom_trigger\"><\/span>","protected":false},"excerpt":{"rendered":"<p>Global food and beverage company Nestl\u00e9 announced today the launch of a pilot program to provide weather insurance to smallholder farmers in its Nescaf\u00e9 brand\u2019s supply chain. The company said that the new program comes as climate change pressures coffee-growing areas, with smallholder farmers exposed to the risk of irregular weather conditions affecting their crops. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":13998,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[6,12,8],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Nestl\u00e9 Launches Program to Provide Climate Risk Insurance to Coffee Farmers - ESG Today<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.esgtoday.com\/nestle-launches-program-to-provide-climate-risk-insurance-to-coffee-farmers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nestl\u00e9 Launches Program to Provide Climate Risk Insurance to Coffee Farmers - ESG Today\" \/>\n<meta property=\"og:description\" content=\"Global food and beverage company Nestl\u00e9 announced today the launch of a pilot program to provide weather insurance to smallholder farmers in its Nescaf\u00e9 brand\u2019s supply chain. The company said that the new program comes as climate change pressures coffee-growing areas, with smallholder farmers exposed to the risk of irregular weather conditions affecting their crops. 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