ROMA – More attention to health for Nestlé. A group of people are asking for it shareholders of the food giant who tabled a resolution ahead of next month’s annual meeting calling for reduce your dependence on unhealthy productsie arguing that the current health target is insufficient. At the same time the company – in Italy – also awards prizes for employees.
One of the highest prizes ever
Il Nestlé Group in Italy will match a prize of up to 2,750 euros to his male and female collaborators who work in all its offices and factories in Italy and that the company has decided to recognize its people for the important results achieved in 2023. These are one of the highest ever which, together with those provided in the last 3 years, has allowed the people of the Nestlé Group in Italy to have up to 7,000 euros in prize money.
The international goal
Institutional investors – says the Financial Times – with a total assets under management of $1.68 trillion they asked the maker of KitKats and Quality Street to fix an internationally recognized objective to reduce the percentage of sales made from unhealthy products, citing regulatory and reputational risks and growing public health concerns.
“Because Nestlé has failed to define how it will shift the balance of its sales towards healthier food options, concerned investors have been left with no choice but to submit a resolution at the company’s general meeting in April“, said the non-profit responsible investment organization coordinating the appeal.
Last year Nestlé announced new health targets, pledging to increase by 50% sales of “more nutritious” products by 2030. The shareholders, however, ask Nestlé to increase the percentage of total sales of healthy foods, which would lead to a shift away from sales of unhealthy products. They added that the sales target was in line with the company’s overall growth objectives and would therefore not reduce the sale of unhealthy products.
The percentage of healthy foods
LGIM and other shareholders, including Candriam and asset manager La Francaise, in short, they are urging society to implement internationally accepted standards, “rather than deviate from credible guidelines.” Nestlé uses the Health Star Rating (HSR), established by the Australian Government and used for front-of-pack labeling in some countries and which evaluates food parameters and health information in the beverage industry. Nestlé revealed in its annual report for 2023 that i38% of net sales, excluding products such as pet food, baby food, vitamins and medical foods, were valutes above 3.5 according to the HSR system, which means they are considered “healthy”. This is up from 37% in 2022.
The other cases
Investors coordinated by ShareAction they started asking food companies how Nestlé, Unilever and Kraft Heinz to improve the health of their portfolios a due to the clear link between poor nutrition and chronic health conditions such as heart disease and obesity.
#healthy #products #Nestlé #shareholders
– 2024-03-29 16:06:32
