We want to be the trusted leader in our sector. Building our business on clear principles and sound governance helps maintain trust in the Nestlé brand and reduce risk throughout our value chain.
The Nestlé Corporate Business Principles
Our Corporate Business Principles form the basis of our culture, our values and our Creating Shared Value (CSV) strategy. The principles are available in various languages, and we have a formal commitment to provide all employees with training on them. The ongoing implementation of relevant business codes, policies, processes and tools ensures compliance. We monitor their application and effectiveness through various channels, including our CARE audits.
The Corporate Business Principles are reviewed by our Executive Board and aligned with international best practice and standards such as the UN Global Compact (UNGC) Principles.
Our internal governance structure
The Board of Directors, Chairman, CEO and Executive Board supervise and manage our role in society and the CSV strategy. They are supported by the internal management bodies and relevant committees (as noted below) to deliver on our ambitions and commitments.
Our Sustainability Committee reflects the importance of sustainability in Nestlé's corporate governance.
The Sustainability Committee currently comprises: Ann M. Veneman (Chair) , Dick Boer, Hanne Jimenez de Mora and Lindiwe Majele Sibanda.
External advisory groups
Our internal governance structure is supported through a wider network that includes external advisory groups.
The Nestlé Creating Shared Value Council
The Creating Shared Value Council is an external advisory council formed in 2009. The Council helps ensure the sound development of long-term sustainability and positive social and economic impacts of the CSV business strategy. Chaired by Janet Voûte, the Nestlé Creating Shared Value Council comprises nine external members, whose expertise spans corporate social responsibility, strategy, sustainability, nutrition, water and rural development. Council members also form the judging panel for the Nestlé CSV Prize.
The external members of the council
The Nestlé CSV Council is made up of recognized global leaders in the fields of nutrition, water, rural development, business strategy and corporate responsibility. The members serve as advisors to help facilitate the ongoing development of the Company’s Creating Shared Value business strategy.
Georg Kell is Chairman of Arabesque, an ESG Quant fund manager that uses self-learning quantitative models and big data to assess the performance and sustainability of globally listed companies.
He is the Founding Director of the UN Global Compact, the world’s largest corporate sustainability movement, with over 9000 corporate and 4000 noncorporate participants in more than 160 countries.
Georg also oversaw the conception and launch of the Principles for Responsible Investment (PRI), the Sustainable Stock Exchanges (SSE) initiative and the Principles for Responsible Management Education (PRME).
Mark R. Kramer is Co-Founder and Managing Director of FSG, a nonprofit consulting firm established in 2000 and specializing in strategy, evaluation and research.
As the primary overseer of FSG‘s consulting practice, he helps drive the vision and growth of the firm and leads engagements across all FSG’s impact areas, with a particular focus on shared value.
A prolific author, Mark’s work is featured regularly in major publications, and he is a frequent speaker around the world on topics including catalytic philanthropy, collective impact, creating shared value for corporations, new approaches to evaluation, impact investing and social entrepreneurship.
He is the co-author of four Harvard Business Review articles with Professor Michael E. Porter of Harvard Business School.
Bryan Meehan is the CEO of Blue Bottle Coffee, a specialty coffee roaster and retailer headquartered in Oakland, California, with cafes throughout the US, Japan and Korea. Sustainability is one of the company’s core values. Recently, Blue Bottle committed to make all their US cafes zero waste by the close of 2020.
Bryan’s career has been focused on smaller companies that are challenging larger ones primarily around the areas of product quality, sustainability and innovation. Previously, he co-founded Nude Skincare and Fresh & Wild natural food stores in London (now Whole Foods).
He serves on the Board of Trustees at De Young and Legion of Honor museums in San Francisco.
Gim Huay Neo spearheads Temasek’s sustainability strategy and initiatives across the pillars of ESG and Climate Policy, Sustainability Investing and Finance, as well as Solutions and Partnerships.
Prior to joining Temasek, Gim Huay was a Management Consultant with McKinsey in the US and Africa, advising clients on strategy and operations in the banking, oil and gas, as well as entertainment and technology sectors. Before McKinsey, Gim Huay was in the administrative service of the Singapore Government, overseeing Governance and Investment as well as Trade Negotiations in the Finance and Trade ministries respectively.
Gim Huay is on the boards of Surbana Jurong, Mandai Park Holdings; and the Intellectual Property Office of Singapore.
She was selected as an Eisenhower Fellow in 2015.
Gim Huay holds an MBA from Stanford University, graduating as an Arjay Miller Scholar. She also has a master’s in Engineering (Distinction) and Bachelor of Arts (First Class) from Cambridge University.
Prabhu Pingali is Professor and Director of the Tata-Cornell Agriculture and Nutrition Initiative at Cornell University and Full Professor in Applied Economics.
He has more than 25 years of experience in assessing the extent and impact of technical change in developing agriculture in Asia, Africa and Latin America.
He was formerly the Deputy Director of the Agriculture Development Program at the Bill and Melinda Gates Foundation and Director of the Agricultural and Development Economics Division of the Food and Agriculture Organization (FAO), and he earned a PhD in Economics from North Carolina State University in 1982.
Frederick K. Swaniker is the co-founder of the African Leadership Group – an ecosystem of organizations that aim to catalyze a generation of ethical, entrepreneurial African leaders.
Collectively, these institutions aim to develop 3 million leaders for Africa by 2035.
Fred previously worked as a McKinsey consultant in South Africa before earning an MBA from Stanford. He is a World Economic Forum Young Global Leader; an Echoing Green Fellow; an Aspen Institute Fellow; was named one of Forbes magazine’s ‘Top ten young “power men” in Africa’ in 2011; and, most recently, was recognized as one of TIME magazine’s most influential people of 2019.
Ann M. Veneman has had a distinguished career in public service.
She served as Executive Director of the United Nations Children’s Fund (Unicef) from 2005 to 2010, prior to which she was US Secretary of Agriculture from 2001 to 2005. She also served as Secretary of the California Department of Food and Agriculture from 1995 to 1999, overseeing the state agency responsible for the United States’ largest agricultural producing region. From 1986 to 1993, she served in various positions in the United States Department of Agriculture (Unicef), including Deputy Secretary, Deputy Undersecretary for International Affairs and Associate Administrator of the Foreign Agricultural Service.
Ann’s leadership and vision have been recognized both nationally and internationally. In 2009, she was named in the Forbes ‘World’s 100 Most Powerful Women’ list, and she has been the recipient of numerous awards and honors. In 2016, she received the Women Making History Award from the National Women’s History Museum. Ann currently serves on a number of boards of directors, advisory councils, committees and nonprofit boards.
She is a frequent speaker on a range of topics, including poverty alleviation, empowering women and girls, food security and nutrition, and global health.
Janet Voûte is the Chairperson of the Creating Shared Value Council and a Non Executive Director at Bupa, the leading international health insurance and healthcare company.
She is currently a member of the Advisory Council at SustainAbility and is an Ambassador for the International Integrated Reporting Initiative.
Previously, Janet served as Global Head of Public Affairs at Nestlé. She spent 10 years in public health, serving as Partnership Advisor at the World Health Organization in the area of noncommunicable diseases and mental health, and as CEO of the World Heart Federation.
She began her career in corporate strategy consulting, where she was Vice President and Managing Partner at Bain & Company, Switzerland, focused on consumer goods and health-related industries.