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
This is a conversation about 101 Classic Cookbooks, 501 Classic Recipes (Rizzoli Books, 2013), with Clark Wolf, Marvin Taylor (curator NYU Fales Library), Rose Levy Beranbaum (author, The Cake Bible), and Madhur Jaffrey (actor and author). 7:30 p.m. 92ndY Tribeca, 200 Hudson St, Price $15, RSVP: here