Danone
| Industry:food & beverages | ISIN:FR0000120644 | Country:FR | CRR:B- |
Company Profile:
Danone is an internationally active food and drink manufacturer with three core products: firstly the manufacture of fresh milk products under the brand names Danone, Actimel, Activia, Danonino and Vitalinéa, then its water business, with a portfolio including the brands Evian, Wahaha (China) and Volvic, and finally Danone also produces biscuits and cereals (corn flakes etc.).
Strengths/weaknesses profile:
Strengths:
- comprehensive measures to deal with health and nutrition issues of products
- reasonable measures to check compliance of key suppliers with the company's labour/health and safety standards
- increase in resource efficiency in recent years, e.g. regarding energy and water consumption
- comprehensive and group-wide food safety management system implemented
- comprehensive measures to reduce the impact of packaging
Weaknesses:
- lack of transparency concerning environmental guidelines for business travel
Reasons for inclusion in the Index:
Besides its comprehensive sustainability strategy, in 2006 the company entered into a joint venture with the Grameen group in Bangladesh (Grameen Danone Foods Social Business Enterprise), with the aim of producing an affordable milk product and combating poverty through creating jobs (in the areas of animal husbandry / milk production as well as distribution and sales). The profits are to be used to promote this business model throughout the country.