The Swiss food conglomerate Nestlé has unexpectedly withdrawn from the Dairy Methane Action Alliance, a significant climate coalition focused on reducing methane emissions within the dairy industry. This move, made without providing a clear rationale, has left investors questioning the authenticity of the company's sustainability commitments. The decision has drawn immediate and fierce criticism from environmental organizations. The Changing Markets Foundation labeled Nestlé's withdrawal a "textbook case of greenwashing." CEO Nusa Urbancic accused the corporation of welcoming positive headlines upon joining the alliance in December 2023, only to retreat when faced with the prospect of concrete, measurable obligations. Specific criticisms highlighted by campaigners include: * The absence of a defined methane reduction target or actionable strategy * Ambiguous... Read more...