I’ve just gotten an announcement of Nestlé’s (no relation) latest corporate social responsibility activities. It has released the 2009 version of its annual report: “Creating Shared Value.” By this, the company means that its activities that benefit society as well as its shareholders in three areas: water, nutrition, and rural development.
According to the report, Nestlé has achieved:
- A 59% reduction of water withdrawal per ton of product since 2000.
- More than 160,000 individual farmers and suppliers trained through capacity-building programs.
- Significant improvements in greenhouse gas emissions, water use and creation of waste and by-products.
- More than 7,200 products renovated for health considerations; over 3,300 now have reduced sugar, sodium, fats or artificial colors.
Is Creating Shared Value a win-win? Or is it an oxymoron?
Next public appearance
New Directions in the Fight Against Hunger and Malnutrition: A Festschrift in Honor of Per Pinstrup-Anderson. Cornell University, Statler Hotel Amphitheater. The conference begins at 7:30 a.m. with breakfast and ends with a reception the following day with remarks by professor Pinstrup-Anderson at 2:25 p.m.
My joint contribution with Malden Nesheim is from 1:40-2:00 p.m. on “the internationalization of the obesity epidemic: the case of sugar-sweetened sodas.”