Nestlé investors warn of ‘systemic risks’ from unhealthy foods
A group of institutional investors in Nestlé has increased pressure on the world’s largest food company to become less reliant on unhealthy products and warned that consumers’ overconsumption of packaged goods with limited nutritional value poses “systemic risks” to financial returns.
Shareholders with more than $3tn in combined assets under management are calling on the Switzerland-based group to set a target to increase the proportion of its revenues from healthier foods and drinks. Ahead of Nestlé’s annual general meeting in Lausanne on Thursday, they said they were prepared to “escalate” the matter unless directors addressed their concerns.
This story originally appeared on: Financial Times - Author:Alistair Gray
