We sold our remaining Alcon shares to Novartis and also acquired Kraft Foods’ frozen pizza business.
We faced a challenge from Greenpeace who wanted to be reassured about our commitment to sustainable Palm Oil. It was the first time we saw social media being used in a substantial way to challenge us and ask questions. We didn’t get the handling of our response to the campaign itself quite right in social media, but on the issue at its heart – palm oil - we took steps to both strengthen our position and to explain it more clearly.
This month Nestlé launched Special.T.
We launched the Nestlé Cocoa Plan which will supply 38 million high quality, disease-resistant plantlets to farmers helping them rejuvenate their farms and increase productivity. The Nescafé Plan was also launched – investing CHF 500 million to address responsible farming, sourcing and consumption across our coffee supply chain.
We also awarded the first Nestlé Prize in Creating Shared Value to IDE Cambodia for its Farm Business Advisors programme and we announced our partnership with the Forest Trust to work to combat deforestation.
We announced the creation of Nestlé Health Science and the Nestlé Institute of Health Sciences, innovative ventures aimed at the prevention and eventually treatment of chronic medical conditions with science-based personalised nutrition solutions.
We voluntarily submitted our policies and procedures to the FTSE4Good Policy Committee for independent review.
We became the first infant formula manufacturer to be included in the FTSE4Good Index. This is the London Stock Exchanges’s responsible investment index and the only index that evaluates companies on their responsible marketing of breast-milk substitutes, alongside human rights and supply chain criteria.
China was at the forefront, as we announced a partnership in April with Chinese food company Yinlu, a manufacturer of ready-to-drink peanut milk and canned rice porridge.
We announced a partnership with Hsu Fu Chi, a confectionery and snacks manufacturer.
We became the first food company to partner with the Fair Labor Association. This partnership will help us investigate if children are working in cocoa farms that supply our factories and, where we find problems, to solve them.
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