Nestle S.A. | Amendment to the Articles of Association regarding sales of healthier and less healthy foods
How other organisations have declared their voting intentions
Organisation name | Declared voting intentions | Rationale |
---|---|---|
CCLA | For | The company falls short of our expectations to use internationally accepted standards when assessing the health implications of its products and setting targets for increasing sales of healthier food. |
Cardano | For | Despite its claim to prioritise nutrition, health, and wellness, we believe Nestlé is falling short in this area. |
Legal & General Investment Management (Holdings) | For | A detailed explanation for the filing of the resolution and our vote intention for the shareholder resolution and other resolutions can be found on the LGIM Blog: https://blog.lgim.com/categories/esg-and-long-term-themes/crunch-time-were-asking-nestle-to-do-more-to-support-healthy-food-choices/ and https://blog.lgim.com/categories/esg-and-long-term-themes/lgims-voting-intentions-for-2024/ |
Mercy Investment Services, Inc. | For | |
LBPAM La Banque Postale Asset Management | For | Nestlé relies heavily on the sales of less healthy foods, which have a major impact on public health. More than 50% of Nestlé’s sales do not meet the Health Star Rating (HSR) healthier threshold of 3.5 or above, exposing itself to financial, regulatory, legal and reputational risks. |
Rothschild & co Asset Management | For | |
Impax Asset Management | For | We are supportive of Nestle reducing its reliance on the sales of less healthy products and for the company to set a proportional target to grow sales from its more nutritious products. |
AkademikerPension | For |
DISCLAIMER: By including a shareholder resolution or management proposal in this database, neither the PRI nor the sponsor of the resolution or proposal is seeking authority to act as proxy for any shareholder; shareholders should vote their proxies in accordance with their own policies and requirements.
Any voting recommendations set forth in the descriptions of the resolutions and management proposals included in this database are made by the sponsors of those resolutions and proposals, and do not represent the views of the PRI.
Information on the shareholder resolutions, management proposals and votes in this database have been obtained from sources that are believed to be reliable, but the PRI does not represent that it is accurate, complete, or up-to-date, including information relating to resolutions and management proposals, other signatories’ vote pre-declarations (including voting rationales), or the current status of a resolution or proposal. You should consult companies’ proxy statements for complete information on all matters to be voted on at a meeting.