Saturday, August 02, 2008

Nestle is one of the world's most criticized companies

Nestlé is one of the top ten most environmentally and socially criticized companies, according to analysis conducted by the company ECOFACT.

This is how ECOFACT describes itself: "ECOFACT is a consulting boutique specialized in the management of environmental, social and reputational risks, mainly in the financial sector. ECOFACT is based in Zurich and leverages a global network of sector and issue specialists."

So it is coming from an industry perspective of how a company's image and, hence, value, is harmed by criticism. This shows the importance of campaigning, because company executives and investors take notice when a financial cost is put on their malpractice.

Nestlé is, of course, the target of an international boycott because independent monitoring finds it to be responsible for more violations of World Health Assembly baby food marketing standards than any other company. It is the largest company in the market and sets trends that drive down standards, as a recent case in South Africa demonstrates.

But Nestlé is not only criticised for its baby food marketing. There are many groups concerned about its business activities, informed by their experience of monitoring its impact on the ground.

To help bring this information together and provide a portal to the various campaigns, we have developed a new website with the theme: "Nestlé's Actions speak louder than its words". Nestlé is a leading exponent of Corporate Social Responsibility (CSR), which highlights voluntary action as a 'good corporate citizen'. Nestlé brings the concept into disrepute by using 'good works' and bogus claims about its impact in an attempt to divert criticism and undermine calls for binding regulations.

If you are interested in being an author for this website, please contact me. We will be launching it officially later in the year. You can find a preview - and a link to the ECOFACT press announcement - at:

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