Nestlé
Specifically, institutional investors—such as Legal & General Investment Management (LGIM), Candriam, and La Francaise—who have $1.68 trillion in assets under management—are requesting that Nestle establish a goal to lower this indicator to a level that complies with global norms. They support their call with arguments about expanding public health issues, regulatory difficulties, and reputational risks.
"Concerned investors had no choice but to bring the issue to the April AGM for discussion, as Nestle has long been unable to formulate a plan to shift its sales focus to healthier food products," stated Catherine Howarth, head of nonprofit investment group ShareAction.
In 2023, Nestle published new health objectives, pledging to raise the sales percentage of "more nutritious" goods to 50% by 2030.
The proposal's creators counter that this objective is in line with the business's broader growth objectives and won't help lower sales of unhealthy goods.
source: ft.com
"Concerned investors had no choice but to bring the issue to the April AGM for discussion, as Nestle has long been unable to formulate a plan to shift its sales focus to healthier food products," stated Catherine Howarth, head of nonprofit investment group ShareAction.
In 2023, Nestle published new health objectives, pledging to raise the sales percentage of "more nutritious" goods to 50% by 2030.
The proposal's creators counter that this objective is in line with the business's broader growth objectives and won't help lower sales of unhealthy goods.
source: ft.com
