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 the rescheduling of the lecture I was supposed to give on October 10. The taxi driver went through red light at entrance to the Pulaski, was pulled over and found to be driving without a license. We never made it. The lecture is on food politics. It starts at 6:00. Free and open to the public. The Newark Museum is at 49 Washington Street. This time, I’ll take the PATH.