The global confectionery giant said it will invest in renewable energy and land-use initiatives, target 100% of its plastic packaging to be recyclable, reusable or compostable by 2030 and announced a no-deforestation policy.
Despite the pandemic straining supply chains, causing food shortages and price volatility, Europe’s high-income levels and relatively low rates of inequality mean it is well placed to cope with the types of unexpected economic shocks that can drive food insecurity.
Putting the governance in ESG? Danone splits Chairman and CEO roles Danone is a company well-known for its commitments to environmental and social sustainability. But the French dairy giant’s structure – combining the CEO and Chairman roles – has raised some concerns about the G in ESG. As the group comes under pressure from activist shareholders, will Emmanuel Faber’s decision to step back from the post of Chief Executive please critics?
Danone’s top executive Emmanuel Faber put a proposal to the company’s board of directors yesterday (1 March) to separate the functions of Chairman and CEO - which he is currently responsible for - ‘in the near future’.