Our aim is to report on Nestlé’s long-term impact on society and how that relates to the creation of a successful long–term business. Since 1995, we have regularly published reports on environmental matters (see Downloads) and, in 2001, we began to report on matters related to rural development and farmers, employees and social and economic development in Latin America and Africa. We committed to issuing global Creating Shared Value Reports every two years in 2007, since when we have continued to focus on progress against key performance indicators (KPIs) across our value chain and outline the actions we have taken to address the key challenges facing our business.
In alternate years, we have reported in more depth on one of our three focus areas: nutrition, water and rural development. These in-depth reviews included the Nestlé Water Management Report in 2006, Nutritional Needs and Quality Diets in 2008 and this current report on Rural Development.
In addition, we have updated the CSV section of our website, including our KPIs and associated commentary, this year. This updated and additional information is contained in a downloadable PDF: Nestlé Creating Shared Value Update 2010.
We have continued to develop Creating Shared Value and the way we report on our progress with a focus on key performance indicators and the actions we have taken to address challenges such as malnutrition and obesity, for example. “Our aim is to report on how Nestlé’s activities simultaneously create long-term value for society and for our shareholders.”
Our wider Creating Shared Value communications
The case studies, audio content, videos and downloads in this full CSV update, and our print summary (available at Downloads) are companions to our 2010 Annual Report, which outlines our overall business and financial performance. Together, they form an integral part of our overall communication on Creating Shared Value performance.
In June 2009, we also launched www.creatingsharedvalue.org, a new online community resource bringing together Nestlé content and material relevant to Creating Shared Value from other sources.
In addition to these primary CSV reporting channels, we provide information on our Creating Shared Value activities to our customers and consumers as part of the Nestlé Professional, Nespresso Ecolaboration™, Cocoa Plan and Nescafé Sustainability web pages and through various social media channels. We also respond to the Carbon Disclosure Project, Dow Jones Sustainability Index and UNGC disclosure requests. Many of our country markets also produce their own regional CSV reports.
Nestlé was ranked second as a global leader in online Corporate Social Responsibility Communications by the Italian-based Lundquist. The CSR Online Awards ‘Global Leaders’ 2010 classification shows how the world’s most sustainable companies are communicating CSR online.
Future reporting
Our objective is to align our external reporting with good practice guidelines. We plan to further align Nestlé’s future reporting with the Global Reporting Initiative (GRI) G3 guidelines and the GRI Food Processing Sector Supplement published in 2010.
Furthermore, Jim Singh, Nestlé’s Chief Financial Officer, became a member of the International Integrated Reporting Committee (IIRC), formed by The Prince’s Accounting for Sustainability Project (A4S) and the Global Reporting Initiative (GRI) in August 2010.
Boundary and scope
The information contained in our latest online report and this summary covers Nestlé’s global operations for the year ending 31 December 2010, unless otherwise stated, and has been subject to external assurance by an independent third party. Data is provided for Nestlé’s wholly owned companies and subsidiaries, excluding joint ventures and suppliers, unless specifically stated. The environmental data refers to factories only, and health and safety figures cover all 281 000 Nestlé employees, as well as the thousands of contractors working on Nestlé sites.
We continue to prioritise those material issues that have a significant current or potential impact on the Company, are of significant concern to stakeholders and over which Nestlé has a degree of control.
