Nestle Announces Shared Value Report

The five companies that comprise Nestle in the US have released a report outlining the company’s strategy for contributing to local economies, food safety, environmental responsibility and improved nutrition.

The Creating Shared Value report highlight’s Nestle’s work in local communities including a $1m donation in food and water to Haiti in the aftermath of the earthquake and the 123 million pounds of food and drink donated to local food banks over the last two decades in collaboration with Feeding America.

On environmental issues, the report says Nestle reduced water consumption in its factories by 2.2% in the last five years despite a 27% product volume increase.