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Nestlé, Cargill will invest a combined $15 million to scale the adoption of conservation practices that help fight climate change in collaboration with the National Fish and Wildlife Foundation (NFWF).
The partnership will see the companies support vital habitats for native wildlife while sustaining a “robust” beef supply chain.
This commitment will leverage up to $15 million in federal funds, leading to the activation of up to $30 million in grant funding over the next five years.
To help generate carbon benefits across more than 15 states, including areas in the Midwest and South-eastern US, private landowners and local conservation organizations will collaborate to encourage voluntary land management techniques and improve water management.
The first round of NFWF-awarded funds, which will provide farmers and ranchers with technical and financial assistance to adopt regenerative methods on their holdings, is anticipated to be revealed in April.
Cargill claims that as a result of the agreement, thousands of cattle farmers in the US would embrace voluntary practices that will benefit hundreds of species, including elk, freshwater mussels, and migrating songbirds.
According to the NFWF, regenerative methods on 1.7 million acres can trap up to 845,000 metric tons of carbon dioxide equivalent over the course of the following five years.
