A coalition of shareholders is calling on Nestle to improve its impact on consumers' health by reducing the sale of products with high levels of salt, sugar, and fats. The coalition is concerned about the potential public health impacts, as well as reputational and regulatory risks. Nestle is being asked to provide an annual report on the healthfulness of its food and drink sales.
KitKat and Quality Street maker Nestle is being urged to become less reliant on selling products with high levels of salt, sugar and fats. A coalition of shareholders have put forward a resolution calling for the company to improve its impact on consumers' health, which will be put to a vote next month. More than half of the food giant's sales last year were below a recognised threshold for being healthy, or healthier.
The coalition, led by shareholder activist group ShareAction, has raised concern over potential public health impacts of unhealthy foods, as well as reputational and regulatory risks. It's demanding an annual report from Nestle on how it performs in several areas, including the healthfulness of its food and drink sales. The coalition includes Britain's biggest asset manager Legal and General Investment Management (LGIM). ShareAction chief executive Catherine Howarth said Nestle 'has an enormous influence on billions of people's diets and lives', and has 'consistently failed' to explain how it will 'shift the balance of its sales towards healthier food options
Nestle Shareholders Unhealthy Products Health Impact Coalition Salt Sugar Fats Public Health Reputational Risks Regulatory Risks Annual Report Food And Drink Sales
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