(MENAFN Press) Nestl's efforts to meet a series of commitments in areas where the company engages with society are detailed in a new report, Nestl in Society 2013
The 35 pledges cover nutrition, water, rural development, sustainability and compliance.
Nestl aims to fulfil all these commitments by 2020 or earlier. Ten are new this year and six are updated, based on feedback from stakeholders over the last 12 months.
The report underlines Nestl's fundamental belief that, for a company to be successful over the long term and create value for shareholders, it must also create value for society. The commitments show our determination to achieve this
They include, for example, leading the industry in nutrition and health research, and providing nutritionally sound products designed for children.
The long-term vie
"We believe that this 2013 report on Creating Shared Value at Nestl represents a significant step forward in our drive to communicate transparently," said Nestl Chairman Peter Brabeck-Letmathe.
"For a company like ours to prosper, we must take a long-term view, framed in a robust set of principles and values based on respect," he added
Nestl Chief Executive Officer Paul Bulcke said he hoped the report would enable shareholders and stakeholders to hold the company accountable, and to offer guidance and feedback
"This is a set of forward-looking commitments covering every part of our business, providing a clear sense of the strategic direction we are heading in and the standards to which we hold ourselves accountable," Mr Bulcke said
"They are real, they are credible, and we will do everything in our power to make sure they are deliverable. But we know that there will be challenges along the way, and these too we will share with you.
Nestl's renewed policies for the reduction of salt, sugars and saturated fats and the removal of trans fats originating from partially hydrogenated oils highlight its ongoing commitment to global public health.
Nestl is committed to reducing both sodium (salt) and sugars in its products.
When reducing the saturated fats and removing trans fats originating from partially hydrogenated oils in its products, Nestl will prioritise those products consumed by children and families, such as soups, snacks, pizzas and ready-made meals.
Ongoing investments in its network of research and development centres, and through its external collaborations and partnerships, will help Nestl achieve these targets and continually and positively contribute to society's nutrition, health and wellness needs long into the future
The new commitments added to this year's report are the result of specific recommendations received on the 2012 report during engagement with stakeholders
Five cover Nestl's existing W.A.T.E.R. commitments, giving them greater emphasis and making the company publically accountable for their attainment.
Other commitments that the company has undertaken focus on people “ including a promise to assess and address human rights impacts in its operations and supply chain, to eliminate child labour and to enhance gender balance.
Key achievements in 201
7,789 products have been renovated for nutrition or health considerations
More than 67 billion servings of fortified products have been provided.
Packaging material has been reduced by 66,594 tonnes, saving CHF 158 million
Overall water withdrawals have been reduced by 33% per tonne of product since 2005.
300,000 farmers have been trained through capacity-building programmes
An absolute reduction in direct GHG emissions of 7.4% has been achieved since 2005.
Work to achieve water efficiency across our operations
Advocate for effective water policies and stewardship
Treat the water we discharge effectivel
Engage with suppliers, especially those in agricultur
Raise awareness of water access and conservation
Ranked number one by the charity Oxfam in its 2013 Behind the Brands scorecard
Ranked one of the top 3 global food and beverage manufacturers in the Access to Nutrition Index
Lead its industry group in the Dow Jones Sustainability Index 201
Remains the only infant formula manufacturer included in FTSE's responsible investment index
Achieved the maximum score in the CDP Climate Performance Leadership Index
For more information, please visit www.nestle.com