The Nestlé Concept of CSR as implemented in Latin America
- Time period
- January 2005 – December 2005
Nestlé's latest "social report" looks at Nestlé's business in Latin America in the contect of the "Shared Value Creation" concept of CSR developed with Professors Michael Porter and Mark Kramer of Harvard University. Nestlé's operations at each stage of its value chain are examined in detail by the Foundation Strategy Group authors, led by Mark Kramer.
The UN Global Compact is specifically referenced on page 8, where the relevant sections in the report referring to specific UNGC principles are highlighted.
This report has been sent to Nestlé shareholders, a database of 12,000 opinion formers and presented to media and at several high profile public events such as panel debates and conferences.
- Principles covered
- Principle 1 - Businesses should support and respect the protection of internationally proclaimed human rights
- Principle 2 - Make sure that they are not complicit in human rights abuses
- Principle 3 - Businesses should uphold freedom of association & effective recognition of the right to collective bargaining
- Principle 4 - The elimination of all forms of forced and compulsory labour
- Principle 5 - The effective abolition of child labour
- Principle 6 - Eliminate discrimination in respect of employment and occupation
- Principle 7 - Businesses should support a precautionary approach to environmental challenges
- Principle 8 - Undertake initiatives to promote greater environmental responsibility
- Principle 9 - Encourage the development and diffusion of environmentally friendly technologies
- Principle 10 - Businesses should work against all forms of corruption, including extortion and bribery