ReportAlert.info - Nestlé (VTX:NESN) Publishes Creating Shared Value Report 2012
The report sets out the company's forward-looking commitments
March 15, 2013 /3BL Media/ - Nestlé report sets out forward-looking commitments
Nestlé has published a set of forward-looking commitments to society and on environmental sustainability it aims to meet by 2020 or earlier.
The company has identified 30 goals in the areas of nutrition, water, rural development, sustainability and compliance in its new report, ‘Nestlé in Society: creating shared value and meeting our commitments 2012’.
The time-bound targets reflect Nestlé’s ambitions to work collectively with other stakeholders to help address the global food and water crisis, and the specific nutritional challenges posed by malnutrition, including micronutrient deficiencies.
“Our focus on these areas is not new. We have been measuring our performance and reporting on our progress for many years. What is new is that we are sharing the commitments we have made externally” said Nestlé Chief Executive Officer Paul Bulcke. “We have already achieved a lot,” he continued. “But we recognise there is always more to do”
Key goals
Some of the key goals Nestlé aims to achieve before or by 2020 include:
- providing 200 billion servings of micronutrient fortified products worldwide by 2016, with a special focus on children and women of childbearing age;
- ensuring all relevant products worldwide have guideline daily amount (GDA) labelling on front of pack by 2016;
- ensuring all children’s products meet the Nestlé Nutritional Foundation criteria for children by 2014;
- providing portion guidance on all children’s and family products by 2015;
- reducing direct water withdrawal per tonne of product by 40% compared to 2005, by 2015;
- achieving 100% certified responsibly sourced, sustainable palm oil by the end of 2013, two years ahead of its initial public commitment;
- reducing direct greenhouse gas emissions per tonne of product by 35% compared to 2005, by 2015.
“We fundamentally believe our company can only be successful over time if we also create value for society. This means doing business in compliance with national laws, international standards and our own corporate business principles, and in ways that help protect the environment for future generations. This is what we mean when we talk about creating shared value.”
