Global 500
NestléRANK79
In 2020, the world’s biggest food conglomerate saw continued strong growth in its pet food, coffee, and health science businesses. Even so, sales fell by 8.9% to $91.5 billion, hit hard by a series of divestitures, the Nestlé Skin Health line and U.S. ice cream business among them. With younger consumers demanding brands go green, Nestlé doubled down on its net-zero targets, and even committed to investing $3.5 billion over the next five years in a wide-ranging set of environmental initiatives to decarbonize operations. Reputational risk still abounds. Despite winning, in June, a closely watched U.S. Supreme Court decision involving child labor in the cocoa sector, Big Chocolate firms including Nestlé continue to face pressure from activists to step up oversight throughout the supply chain.
Lists ranking Nestlé
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World’s Most Admired Companies - 2022Just as it dominates our economy, Big Tech now dom...view in list
Latest news for Nestlé
- CommentaryCorporations are (finally) starting to invest in resilient food supply chainsApril 13, 2022 10:23 AM UTC