Nestlé to change disclosures on ‘healthiness' of sales
Nestlé is changing the way it reports to investors and the wider market on the make-up of its sales and how healthy they are.
In a LinkedIn post, Nestlé CEO Laurent Freixe said the company will provide additional data 'aligned with the scope' of the Access to Nutrition Initiative (ATNi), starting from its next non-financial report.
The Swiss food giant will also introduce a 'sales weighted average' metric for both specific product categories and its entire portfolio, Freixe added.
He confirmed Nestlé will continue to use the Health Star Rating (HSR) system, endorsed by governments in Australia and New Zealand, as the 'basis' of its nutrition profiling.
The move has been 'welcomed' by lobby group ShareAction, which has in the past been critical of how Nestlé measures and reports on the make-up of its sales.
ShareAction said Nestle had not been following the HSR guidance on what products should be excluded from its reporting, including coffee products. The company will continue to report separately on its specialized nutrition, pet care and pure coffee product ranges, but it will also provide a breakdown of the healthiness of its remaining sales, in line with ATNi guidelines.
Garance Boullenger, healthy markets initiative lead at ShareAction, said: "What investors want now is to see Nestlé set an ambitious target to sell more healthier food. With a tangible commitment in place, the food giant could reassure its investors that it is working to adapt its business away from its current risky over-reliance on unhealthy products."
In a statement, Nestlé disclosed that products with a Health Star Rating of 3.5 and above made up 38% of its net sales in 2024 without pet care and non-food products, compared to 30% with them.
Products with a Health Star Rating between 1.5 and 3.5 represented 20% of net sales without, and 16% with pet care and non-food products. Products with a rating below 1.5 accounted for 21% of net sales without, and 17% with pet care and non-food products.
The KitKat chocolate and Maggi sauce owner said it is aiming to increase the sales of more nutritious products by SFr20–25bn ($24.22-30.28bn) by 2030.
In March 2023, the company committed to benchmarking its products against the HSR system, moving away from a proprietary internal methodology.
At that time, Nestlé reported that 37% of product sales (excluding pet food) reached an HSR score of 3.5 or higher in 2022. The figure increased to 57% when specialised nutrition products, such as infant formula, were included.
Despite welcoming the increased transparency, at the time ShareAction criticised the company saying it is 'still far too reliant on the sale of less healthy food and drink products'.
Later that year, a group of investors, co-ordinated by ShareAction, accused the Cerelac baby food maker of having a 'flawed approach' as it sought to increase the sales of its healthier products.
ShareAction also raised concerns over Nestlé's classification of certain products – such as coffee and baby foods – as nutritious, despite these items not being subject to government-endorsed nutrient profiling models.
In March last year, a coalition of shareholders coordinated by ShareAction filed a resolution, urging Nestlé to 'dramatically improve' the proportion of healthy products in its sales.
The resolution called for the company to set a target based on an internationally recognised standard.
However, it was rejected by a majority of shareholders during the annual general meeting in April, with only 11% voting in favour.
"Nestlé to change disclosures on 'healthiness' of sales" was originally created and published by Just Drinks, a GlobalData owned brand.
The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hypebeast
an hour ago
- Hypebeast
Bally Resort 2026 Is a Timeless Act
Ballyis currently without a creative director, following the departure of designerSimone Bellotti, who switched over toJil Sanderin March. The Swiss label has yet to name a new leader, but in the meantime, the brand's design team is cooking up collections on their own. EnterResort 2026, Bally's first collection in its post-Bellotti era. The line, in the brand's words, 'crafts a dialogue between legacy and innovation with a contemporary expression of elegance.' That translates to a fine bunch of sharp formals, clean coats, smart shirting, and shiny leathers — many of which remix the brand's best hits — for men and women. On a color palette fusing cream, deep navy, black, and warm brown, the collection boasts the sophisticated sensibilities for the office-goer and the jet-setter alike. Standout silhouettes include perforated bomber jackets, posh trench coats, logomanic silk sets, leather shorts, and cute knit sweaters featuring illustrations of squirrels. Bally's Beckett and East Tote bags return in new buttery textiles, while archival sneaker models, like the Competition model (first introduced in 1983), make a comeback for the contemporary. Overall, this collection is a nod to Bally's rich archives, a reminder of the House's timeless codes in anticipation of its next era. See Bally's Resort 2026 collection in the gallery above.
CNBC
an hour ago
- CNBC
Uber adds Palo Alto CEO Nikesh Arora to its board after executive shakeup
Nikesh Arora, the CEO of Palo Alto Networks, is joining Uber's board of directors, the company announced in a regulatory filing Wednesday. It comes amid a broader executive shakeup this week at the ride-hailing company, which saw head of delivery Pierre-Dimitri Gore-Coty depart after 13 years. Andrew Macdonald, head of mobility, was promoted to president and chief operating officer, Uber's first since 2019. "I'm honored to join Uber's Board at such an exciting time, as the company plays a central role in commercializing autonomous mobility around the world," Arora said in a statement. "Uber has already fundamentally transformed how people and goods move through cities, and I look forward to contributing to the company's continued success." Arora has been chairman and CEO of Palo Alto since 2018. Prior to that, he was president and chief operating officer of Softbank and also held positions at Google and T-Mobile. Arora has previously served the boards of Softbank, Sprint, Colgate-Palmolive and others, and currently sits on the board of a Swiss luxury-goods holding company. "Nikesh is one of the technology industry's great executives: a strategic and disciplined operator, and a fierce competitor," Uber CEO Dara Khosrowshahi said in a statement. "We're thrilled to welcome him to the board and look forward to his contributions as we continue to advance our long-term strategy." The shakeup comes as Uber faces increased competition, particularly in the robotaxi space. Tesla is planning its long-awaited robotaxi launch in Austin on June 12. Alphabet-owned Waymo, which partners with Uber in Austin and Atlanta, recently hit 10 million paid driverless rides, with weekly rides jumping 150% in less than a year. Food delivery competitor DoorDash has been aggressively expanding its reach, acquiring delivery firm Deliveroo and booking platform SevenRooms in the past month. The management changes, including the elevation of Macdonald, who will oversee delivery, mobility and autonomy, could allow Khosrowshahi to take on a more strategic role. Khosrowshahi joined Uber in 2017, bringing it public in 2019 and to its first operating profit in 2021. Since then he has expanded the Eats and delivery business, smoothed over regulatory issues, and sold Uber's in-house AV unit in favor of partnerships with companies like Waymo and the UK's Wayve. "I recognize the change might prompt some questions about my future, so I'll be clear: I have no plans to go anywhere anytime soon -- other than fly around the globe trying to keep up with our ever-growing footprint," Khosrowshahi told employees in an internal memo announcing the COO changes. For his board service, Arora will receive a $60,000 annual cash retainer and $300,000 of restricted stock units a year, according to the filing.
Business Wire
an hour ago
- Business Wire
Domo to Participate in the D.A. Davidson Technology Summit
SILICON SLOPES, Utah--(BUSINESS WIRE)--Today Domo (Nasdaq: DOMO) announced that management will present at the D.A. Davidson Technology Summit on Wednesday, June 11, 2025, at 11:20am CT. A live webcast of Domo's presentation will be available on the Domo Investor Relations website at About Domo Domo is an AI and Data Products platform that helps companies of all sizes leverage data and AI to drive value in today's data-driven world. Built around our customer's preferred data foundation, powered by our award-winning solution, and enriched with our partner ecosystem, the Domo platform enables users to prepare, visualize, automate, distribute, and build end-to-end data products that provide solutions across the entire data journey. From hydrating your data foundation, to building fully embedded applications that can be shared with your employees and customers, to deploying AI models across a variety of providers, Domo gives users the ability to build data products that generate measurable value for the business. For more information, visit You can also follow Domo on LinkedIn, X, and Facebook. Domo is a registered trademark of Domo, Inc. Domo Disclosure Channels to Disseminate Information Domo investors and others should note that we announce material information to the public about our company, products and services, and other issues through a variety of means, including Domo's website, press releases, SEC filings, blogs and social media, in order to achieve broad, non-exclusionary distribution of information to the public. We intend to use the Domo Facebook page, the Domo LinkedIn page, the Domo blog, the @Domotalk X account and the @JoshJames X account as a means of disclosing information about the Company and its services and for complying with the disclosure obligations under Regulation FD. The information we post through these social media channels may be deemed material. Accordingly, we encourage investors and others to monitor these social media channels in addition to following our press releases, SEC filings and public conference calls and webcasts. The social media channels that we intend to use as a means of disclosing the information described here may be updated from time to time as listed on our investor relations webpage.
