Nestle Releases the Company’s First Creating Shared Value Report
Monday, March 17, 2008
March 17, 2008 – Nestl? has launched the company’s first Creating Shared Value report, including new figures on the impact of its business activities on the environment and society across the world. In 2007, Nestl? reduced its direct greenhouse gas emissions by 16% compared to ten years ago, and its overall water withdrawal by 28%, while at the same time increasing the total volume of goods produced by 76%. In 2007, Nestl? invested over CHF 100 million in environment-related industrial improvements, as well as around CHF 170 million in new production facilities in Brazil, Pakistan and China. The company also continued to provide free technical assistance to over 600,000 farmers in the developing world, including CHF 30 million in micro-credits.
Peter Brabeck-Letmathe, Chairman and CEO of Nestl?: “Creating Shared Value means thinking long term while at the same time delivering strong annual results. One of the fundamental Nestl? Corporate Business Principles is that we will not sacrifice long-term development for short-term gain. This enables us to deliver the Nestl? model – 5-6% organic growth together with an EBIT margin improvement in constant currencies – year after year, while at the same time improving our environmental and social performance, thereby having a positive impact on millions of people across the world.”