ZURICH (Reuters) – Nestle mentioned on Monday it was engaged on updating its vitamin and well being technique after the Monetary Instances reported an inner doc on the meals big described a big portion of its meals and drinks as unhealthy.
The newspaper mentioned it had seen an inner presentation circulated amongst prime executives early this yr stating that greater than 60% of Nestle’s mainstream meals and drinks portfolio couldn’t be thought of wholesome beneath a “recognised definition of well being”.
The paper mentioned this evaluation utilized to about half of Nestle’s general portfolio as a result of classes like medical vitamin, pet meals, espresso and toddler system have been excluded from the evaluation.
Kepler Cheuvreux analyst Jon Cox mentioned that together with these classes would considerably cut back the proportion of merchandise probably thought of unhealthy.
“Given the group’s confectionery, ice cream, and pizza companies, the actual determine for the group primarily based on 2021 estimates can be 28%, which is hardly a shock,” he mentioned in a notice. He mentioned the report may level to adjustments within the product portfolio, notably an exit from mainstream confectionary.
Nestle mentioned in a press release it was engaged on a “company-wide challenge” to replace its vitamin and well being technique and was taking a look at its total portfolio to ensure its merchandise helped meet individuals’s dietary wants.
It mentioned it had diminished sugars and sodium in its merchandise by about 14-15% up to now seven years and would proceed to make its merchandise more healthy.
Nestle shares have been 0.2% increased at 0951 GMT, broadly in keeping with the European meals sector.
(Reporting by Silke Koltrowitz; Modifying by Mark Potter)
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