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Nestlé Wins Gold at the 2020 Supply Chain Finance Awards!

Rebecca Spong

date: November 19, 2020

Insights on the SCF programme of Nestlé, the 2020 SCF Awards Gold winner.

Nestlé has won the Gold Awards in the 2020 Supply Chain Finance Awards. Despite 2020 being a difficult year, the standard of entries for 2020 SCF awards remained ‘reassuringly high’, according to the judges.

Nestlé’s efforts to combine supply chain financing with environmental, social and corporate governance (ESG) financing caught the judges’ eyes this year, with comments remarking that the entry was an ‘interesting and compelling story.’

The programme – which involves Nestlé working with the receivables and payables trading platform CRX Markets – allows for ESG-compliant invoices to be uploaded and be given preferential financing terms from investors. The premise is to use financial incentives to encourage Nestlé’s suppliers to meet high ESG standards.

‘Expanding ESG financing beyond capex helps to put a company into an excellent position given the growing attention around ESG,’ one judge remarked.

Nestlé was one of four organisations short-listed for the Gold award, with the others being Richards Bay Minerals, Co-operative Group, and JK Tyres and Industries.

Roll of honour: SCF Awards Gold winners

2016 – Vodafone
2017 – Metso Corporation
2018 – Siemens
2019 – Airbus

2020 – Nestle

Read the full details of Nestle’s award-winning entry

Back to the main awards article

Rebecca Spong

Rebecca Spong is an experienced freelance journalist with a demonstrated history of working in the writing and editing industry. Skilled in journalism for online and print publications. Rebecca is interested in finance, business and Middle East-focused stories. She has a Post-Graduate Diploma in Broadcast Journalism from City University.