Nestlé publishes 2020 Annual Report, spotlights sustainability at the Annual General Meeting Swiss Stock Exchange:NESN

This press launch can also be accessible in Français (pdf) and Deutsch (pdf)

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Vevey, March 16, 2021

Nestlé publishes 2020 Annual Report, spotlights sustainability on the Annual Normal Assembly

Nestlé right this moment revealed its 2020 Annual Report. The report highlights the corporate’s monetary and non-financial efficiency for the 12 months and provides an replace on technique, innovation, digitalization and sustainability.

Nestlé has additionally despatched the Annual Normal Assembly (AGM) invitation and agenda to shareholders.

2020 Annual Report
Regardless of the challenges of COVID-19 in 2020, Nestlé delivered sturdy outcomes, reaching enhancements in natural gross sales development, profitability and capital effectivity for the third 12 months in a row. Nestlé additionally continued to make progress on its portfolio transformation by means of focused acquisitions and divestments that concentrate on enticing, high-growth companies.

A key contributor to Nestlé’s development is its consumer-driven innovation that additionally strives to scale back the corporate’s environmental footprint. Some examples highlighted within the report embody the launch of Sensational Vuna, a plant-based tuna various, and the elevated use of paper packaging for manufacturers resembling Maggi. The corporate additional lowered the typical time to market of such progressive merchandise by one other 10% and elevated the variety of multi-market launches by 23%.

Nestlé’s continued digital transformation enabled it to speed up development and higher interact with customers in a 12 months that noticed a surge in on-line procuring. Nestlé’s e-commerce gross sales grew by 48.4% and accounted for 12.8% of whole Group gross sales in 2020. Moreover, greater than 60% of the entire firm’s digital media campaigns used a data-driven, audience-first strategy to personalize messaging to customers.

Within the Creating Shared Worth (CSV) part of the report, Nestlé highlights that it has totally achieved 28 of the 36 commitments it had beforehand outlined to assist the United Nations’ Sustainable Growth Objectives. These commitments deal with selling more healthy lives, enhancing livelihoods and defending and restoring the atmosphere. The complete CSV and Sustainability Report might be revealed on March 23.

The complete Annual Report incorporates Nestlé’s Annual Evaluate in addition to the Company Governance & Compensation Stories and the Monetary Statements, which have been revealed on February 18, 2021.

Examine these matters and extra within the Annual Report

Annual Normal Assembly and Sustainability
Along with the normal AGM agenda gadgets, Nestlé will ask its shareholders to assist its just lately revealed local weather roadmap in an advisory vote at this 12 months’s assembly. In December 2020, the corporate revealed its detailed, time-bound plan for chopping greenhouse fuel (GHG) emissions in half by 2030 and for reaching web zero emissions by 2050. The reporting of non-financial efficiency is changing into more and more necessary, and as previously announced, the corporate believes that shareholders ought to have a say on Environmental, Social and Governance (ESG) issues. Nestlé welcomes upcoming modifications to Swiss laws on this space. Within the interim, the Board of Administrators is in search of the assist from shareholders on its local weather roadmap.

Every year on the AGM, shareholders have the chance to vote on the whole compensation of Nestlé’s Board of Administrators and Govt Board. This 12 months, Nestlé is altering the construction of Govt Board members’ short-term bonus. Fifteen p.c of that bonus will now be linked to the achievement of ESG-related aims. The Nestlé Board of Administrators units these aims in the beginning of every 12 months, in keeping with the corporate’s technique.

As already communicated, Nestlé can also be splitting the prevailing Nomination and Sustainability Committee right into a separate Nomination Committee and a targeted Sustainability Committee. This displays the significance of sustainability in Nestlé’s company governance and permits Board members to dedicate extra time, focus and motion on every of those necessary matters.

Forward of the upcoming AGM on April 15, Nestlé will even publish its first Activity Power on Local weather-Associated Monetary Disclosures (TCFD) Report. The TCFD report assesses the energy and resilience of the corporate’s technique and enterprise mannequin underneath totally different local weather situations.

Learn the:

Contacts:

Media:
Christoph Meier  Tel.: +41 21 924 2200
mediarelations@nestle.com

Traders:
Luca Borlini  Tel.: +41 21 924 3509
ir@nestle.com