Nestle News : Nestle Shareholders Clash Over Unhealthy Foods: Treats vs. Healthier Options
Nestle, the giant food and drink company, won a vote at their shareholder meeting. Investors wanted them to reduce the amount of salt, sugar, and fat in their products, but Nestle convinced most shareholders to vote against this.
Nestle argued that people like their treats, and if they stopped making them, it would hurt the company. Some big investors, though, were worried that Nestle’s focus on unhealthy snacks could damage their reputation and lead to health problems.
Nestle News : Shareholders Push for Healthier Options, Nestle Defends Treats
- Investors urged Nestle to cut back on unhealthy ingredients, citing research showing most of their products (70% in the UK) are high in fat, sugar, and salt.
- ShareAction, the leading group, says consumers and investors are increasingly concerned about health risks and the company’s image. They want Nestle, and other food companies, to offer healthier options.
- Nestle disagrees with the proposal. They claim 60% of their sales (excluding pet food) come from healthier or specialized products, with only 21% focused on indulgent treats.
- Nestle’s chairman argues they promote informed choices and a balanced diet, which includes occasional treats like chocolate.
- Nestle believes forcing them to abandon treats would restrict their business and limit their ability to make sound decisions. They say it hurts shareholders, consumers, and the company itself.
Nestle News : Nestle’s Health Target Fails to Impress Investors
- In September, Nestle announced a goal to sell more “nutritious” products by 2030. However, investors found this target lacking.
- The investor group ShareAction believes Nestle’s plan doesn’t go far
- enough. They argue that the target simply reflects the company’s expected overall growth, not a specific reduction in unhealthy products. Unhealthy options could still grow at the same pace, meaning Nestle wouldn’t become less reliant on them.
- ShareAction also criticizes the inclusion of non-nutritious products like coffee in the “nutritious” sales target.
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