Nestle is launching its first new water business, Clean Water, which is a non-polluting, renewable alternative to bottled water and bottled water products.
Nestle’s new product, the company said, will offer consumers cleaner drinking water and lower levels of contaminants in its beverages.
It’s the latest step for Nestle as it tries to improve its image as a leader in water quality and clean water.
Nestlé has been a leader for the past several years in its commitment to reducing pollution and providing clean drinking water.
In 2017, the global leader pledged to reduce its greenhouse gas emissions by 35 percent compared to 2020.
Nestles CEO Mark Zuckerburg recently said Nestle had made “significant investments” in reducing the amount of water it uses in the U.S. The company also has launched an online community called “Nestle Water” that aims to help users find clean water by highlighting clean water brands.
“Clean water is essential to our global growth, our ability to deliver world-class value to our customers, and our ability and commitment to lead the way for future generations of citizens and communities,” Zuckerburg said in a statement.
The goal of the company’s Clean Water is to “build a better world where people live better and where the planet is a cleaner place,” the statement said.
Nestel said the company had raised more than $1 billion from a total of more than 100 investors, including Accel Partners, Accel Venture Partners, BlueBridge Capital, and Capital One.
The fund was set up in the form of a private placement of the $5.3 billion, or 9.2 percent, that Nestle already owns in the United States.