Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment 
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
Trump Backs Nexstar–Tegna Merger Amid Shifting U.S. Media Landscape 
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
Washington Post Publisher Will Lewis Steps Down After Layoffs 
Weight-Loss Drug Ads Take Over the Super Bowl as Pharma Embraces Direct-to-Consumer Marketing 
Nestlé faces pressure from a coalition of shareholders demanding a significant shift towards healthier food offerings. The investors, led by ShareAction, are pushing for the Swiss food giant to set clear targets to increase the global sales proportion of nutritious products. This demand arises as research reveals that 70% of Nestlé's sales in the UK consist of high-fat, high-salt, and high-sugar foods.
Increased Investor Advocacy
Bloomberg reported that investors managing $1.68 trillion in assets, prominent names like Legal and General Investment Management, are backing this resolution. The shareholders are seeking a commitment from Nestlé, which will be put to vote at the upcoming AGM on April 18. Catherine Howarth, CEO of ShareAction, emphasized the influential role Nestlé plays in shaping consumer diets worldwide.
Focus on Healthier Communities
According to Fortune, the call for Nestlé to prioritize healthier product sales stems from concerns over the company's current sales composition. Investors urge Nestlé to realign its product portfolio to support healthier communities globally. The move towards healthier offerings is expected to benefit economies in the long run.
ShareAction's initiative follows earlier criticism of Nestlé's strategies to boost sales of nutritious products. Investors expressed apprehension regarding a new healthy food target announced by Nestlé last September, which they believe undermines the company's commitment to promoting balanced diets.
Nestlé's Response and Strategy
In response to investor pressure, Nestlé set a 2030 target to increase the sales of more nutritious products by 50%. The company plans to invest significantly in revamping existing products and driving innovation to achieve this goal. Nestlé aims to substantially grow healthier product sales by 2030, aligning with its overall growth projections.
Shareholders argue that Nestlé's proposed growth targets align with the company's anticipated expansion. They question how the new targets promote healthier food options and balanced diets. The shareholders call for clearer strategies to ensure Nestlé's leadership in advancing nutritious offerings.
Photo: Zoe/Unsplash
