Shareholder Demand to Boost Sales of Healthy Foods Rejected By Nestlé

Nestlé, the biggest food and drink company in the world, recently faced a lot of questions because it said no to a big suggestion from one of its important investors. This suggestion wanted Nestlé to change its focus to making healthier foods.

The suggestion came from a group called ShareAction, which is not a business but a charity. They were worried about Nestlé’s food, saying it had too much sugar, salt, and fat.

ShareAction said Nestlé is not doing what it says it wants to do, which is making people’s lives better. They found out that a whopping three-quarters of what Nestlé sells globally is unhealthy food.

ShareAction thinks Nestlé is not following its own goal of making people’s lives better. They say Nestlé sells too much unhealthy food, like food with too much sugar, salt, and fat.

Big Picture and Public Eye’s Criticisms

Nestlé said no to making healthier food just when people are asking questions about its practices.

Nestle products
Public Eye report shows Nestlé adds more sugar to products in poorer regions.

Public Eye, a group that watches what big companies do, said Nestlé adds a lot of sugar to food for kids in poorer countries but not in richer ones like Switzerland.

Public Eye’s report said, “Nestlé puts more sugar in food for kids in poorer countries than in richer ones.”

Nestlé Shareholders Decide: Why Your Favorite Snacks Won’t Get Healthier Soon

Economic Problems and What’s Next

Nestlé’s sales went down a bit, about 1.5%, in its latest yearly report.

CEO of Nestlé
Nestlé’s CEO Mark Schneider blames sales drop on rising prices affecting consumer demand. (Credits: Nestlé)

CEO Mark Schneider said this happened because prices are going up a lot, making it hard for people to buy as much food and drinks.

Nestlé is dealing with these hard times. What shareholders decide could show where the company is heading.

Even though most shareholders said no to change right away, it brings up big questions about how food affects public health in the long run, especially in places with different levels of money.

Sajda Parveen
Sajda Parveen
Sajda Praveen is a market expert. She has over 6 years of experience in the field and she shares her expertise with readers. You can reach out to her at [email protected]
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