Nestlé to change disclosures on ‘healthiness' of sales [Yahoo! Finance]
NESTLE S.A S/ADR (NSRGY)
NASDAQ:AMEX Investor Relations:
nestle.com/investors
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Source: Yahoo! Finance
In a LinkedIn post, Nestlé CEO Laurent Freixe said the company will provide additional data “aligned with the scope” of the Access to Nutrition Initiative (ATNi), starting from its next non-financial report. The Swiss food giant will also introduce a “sales weighted average” metric for both specific product categories and its entire portfolio, Freixe added. He confirmed Nestlé will continue to use the Health Star Rating (HSR) system, endorsed by governments in Australia and New Zealand, as the “basis” of its nutrition profiling. The move has been “welcomed” by lobby group ShareAction, which has in the past been critical of how Nestlé measures and reports on the make-up of its sales. ShareAction said Nestle had not been following the HSR guidance on what products should be excluded from its reporting, including coffee products. The company will continue to report separately on its specialized nutrition, pet care and pure coffee product ranges, but it will also provide a breakd
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