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Leading the way in Sustainable Practices: Nestlé wins two Sustainability Awards

02:54 PM | 28 Nov, 2023
Leading the way in Sustainable Practices: Nestlé wins two Sustainability Awards

Nestlé Pakistan won two top awards in the categories of Gender Equity and Agri Tech and Food Security at the Sustainability Awards hosted by the Sustainable Policy Development Institute (SDPI).

Nestlé Pakistan’s recognition in the two categories were for its Creating Shared Value (CSV) initiatives, the Nestlé-BISP Rural Women Sales Program that has supported 2800 rural women to achieve financial empowerment with the ambition to reach 5000 women by 2025; and Smart Soil Moisture Sensors on 548 acres, which assist farmers detect the sub-soil moisture level, helping Nestlé achieve its Waters Pledge of regenerating the water used by its Waters Business to have a net positive impact by 2025.

The awards were aimed at honouring exemplary efforts and achievements in the corporate sector and civil society organizations, “recognizing and celebrating sustainability achievements vital in fostering positive change and inspiring a collective commitment towards a sustainable future”. The winners were selected by an independent panel of esteemed experts and thought leaders who evaluated the nominated case studies.

SDPI hosted the 26th Sustainable Development Conference in Islamabad, where Nestlé with SDPI also jointly hosted a plenary on Climate Change & Food Security: Does Regenerative Agriculture Offer Hope in Despair, under this year’s theme Light at the End of the Tunnel.

Talking at the event, Sheikh Waqar Ahmad, Head of Corporate Affairs & Sustainability, Nestlé Pakistan said, “We are delighted to be acknowledged for our efforts towards communities and the planet. We are also accelerating our efforts to reduce GHG emissions, and we believe we can address this challenge by transforming the way we source ingredients by scaling up regenerative agriculture. Regenerative Agriculture is one of our focus areas to reach our Net Zero commitment by 2050. Nestlé’s approach is centred around universal agronomical principles that help protect and restore natural resources – primarily soil, as well as water and biodiversity,” he added.

Stressing on climate change’s impact, Dr. Adil Najam, President WWF International, highlighted that, “Climate change is no longer a problem for the future – it is here, and we are suffering from its effects already. On January 1, 2024, we will see that 2023 was the hottest year on record. We need to act now, and regenerative agriculture offers us hope in these times of despair.”

Narrating her experience from her native country Vietnam, Van Nguyen, Deputy Representative, UNDP Pakistan said, “Due to three yearly crop cycles for rice, soil health has significantly deteriorated in Vietnam. We need to come up with solutions that regenerate nature while making business sense. This cannot be achieved without the support of the private sector,” she stressed while appreciating the role of companies like Nestlé that have taken the lead on this and put their size and scale to work.

Dr. Abid Suleri, Executive Director, SDPI, moderated the discussion. Dr. Masoud Al-Marri Director General Islamic Organization of Food Security discussed the importance of regenerative development for Islamic countries, asking Organisation of Islamic Cooperation (OIC) members to leverage their individual strengths to help all members in order to improve food security.

Daily Pakistan Global Web Desk

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Rupee exchange rate to US Dollar, Euro, Pound, Dirham, and Riyal - 28 Feb 2024

Pakistani currency remains momentum against US dollar in the open market on February 28, 2024 (Wednesday).

US Dollar rate in Pakistan

In the open market, the US dollar moves up and currently hovers at 282 for buying and 282.25 for selling.

Euro currently stands at 303.1 for buying and 306.1 for selling while British Pound rate stands at 351.6 for buying, and 355.1 for selling.

UAE Dirham AED hovers at 76.1 whereas the Saudi Riyal saw slight increase, with new rates at 74.25.

Today’s currency exchange rates in Pakistan - 28 Feb 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 282 282.25
Euro EUR 303.1 306.1
UK Pound Sterling GBP 351.6 355.1
U.A.E Dirham AED 76.1 76.8
Saudi Riyal SAR 74.25 75.05
Australian Dollar AUD 181.1 183.1
Bahrain Dinar BHD 742.91 750.91
Canadian Dollar CAD 207.1 209.1
China Yuan CNY 38.87 39.27
Danish Krone DKK 40.61 41
Hong Kong Dollar HKD 35.75 36.1
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.10 2.18
Kuwaiti Dinar KWD 905.46 914.46
Malaysian Ringgit MYR 58.5 59.1
New Zealand Dollar NZD 173.05 175.05
Norwegians Krone NOK 26.41 26.71
Omani Riyal OMR 725.54 733.54
Qatari Riyal QAR 76.74 77.44
Singapore Dollar SGD 207.15 209.15
Swedish Korona SEK 27.04 27.34
Swiss Franc CHF 317 319.5
Thai Bhat THB 7.76 7.91

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