Nestle Investors Vote Against Curbing Sales of 'Unhealthy' Products Despite Recent Controversy Over High Sugar Content in Baby Foods
Nestle Investors Vote Against Curbing Sales of 'Unhealthy' Products Despite Recent Controversy Over High Sugar Content in Baby Foods (image source: Nestle India)
Proposal for Healthier Sales
ShareAction, a responsible investment NGO, introduced a motion urging Nestle to curtail sales of food and beverage items high in sugar, salt, and fats. The proposal aimed to boost the proportion of sales from healthier products, calling for Nestle to report sales figures based on the healthfulness of its offerings and establish corresponding targets.Nestle's Response and Shareholders' Vote
However, Nestle's shareholders ultimately voted against the proposal, with only 11 per cent in favour, citing concerns about constraining the company's strategic flexibility. Nestle responded by asserting that individuals should be able to enjoy indulgent products in moderation, emphasizing personal responsibility in making healthy choices.Calls for Global Standards
ShareAction criticized Nestle's rejection, advocating for the adoption of internationally recognized standards for defining healthy food. They argue that Nestle's extensive global reach necessitates a shift towards healthier products to benefit communities worldwide.Future Targets and Challenges
Nestle had previously set a target to increase sales of nutritious food products by 50 per cent by 2030. However, ShareAction expressed concerns that this target may align too closely with Nestle's expected growth rate, potentially limiting its impact on consumer diets and public health outcomes.Past Criticisms and Findings
This meeting comes amidst past criticisms of Nestle's product offerings, particularly regarding high sugar levels in cereals and yoghurts marketed to children. Action on Sugar's findings revealed that a significant portion of yogurts surveyed contained excessive sugar levels, raising concerns about their impact on children's health.Trending:
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