The FOOD TOGETHER 100 YEARS - Danone
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Danone
ANNUAL REPORT 2019
Accelerating
the FOOD
revolution
TOGETHER
Celebrating ‘ONE PERSON, BUSiNESS-LED
100 YEARS ONE VOiCE, ONE SHARE’ COALITiONS
of pioneering healthy 100,000 employees for inclusive growth
innovation co-owning our future & biodiversity
Contents
#1
Danone in 2019
4 11
Danone Empowering employees
at a gIance to co-own our vision
12
2019 Celebrating 100 years of pioneering
Key milestones healthy innovation together
8 13
Interview with our Chairman and CEO, Collective action
Emmanuel Faber, for greater impact
by Danone employees & transformational change
10
Progressing towards
our 2030 Goals
#2
Performance
Creating sustainable & profitable value for all
15 22
3 questions to Essential Dairy
Cécile Cabanis, CFO & Plant-Based
1
Health & Nutrition
24
Waters
#3
performance
18
2
Specialized Nutrition
Collaborative
Environmental
performance innovation
20 Building a healthier
Social performance & sustainable food system together
29 34
Boosting Co-creating
innovation the future of food
30 3
Growing with purpose A people-powered
company
32
Biodiversity:
from farm to fork
For more information:
danone.com/integrated-
annual-report-2019
3
Danone at a glance
OUR MISSION: ‘BRINGING HEALTH THROUGH FOOD A GLOBAL LEADER WITH A UNIQUE HEALTH-FOCUSED
TO AS MANY PEOPLE AS POSSIBLE’ PORTFOLIO IN FOOD AND BEVERAGES
LEADING POSITIONS (1) STRONG PROGRESS ON PROFITABLE GROWTH IN 2019
#1 #1 #2 €25.3 bn 15.21% €3.85 €2.10
WORLDWiDE EUROPE WORLDWiDE Sales Recurring operating
margin
Recurring earnings
per share (EPS)
Dividend per share
payable in cash
in Fresh Dairy products in Advanced Medical Nutrition in Early Life Nutrition
in Plant-Based products in Packaged Waters (by volume)
+2.6% +76 bp s(2) +8.3% €2.5 bn
SALES BY REPORTING ENTITY Sales growth (1)
Recurring operating
margin expansion
Recurring earnings
per share (EPS) growth
Free cash flow
30%
Specialized
Nutrition SALES BY REGION TOP 3 COUNTRIES
in % of 2019 sales
52% 54%
Europe
Essential Dair y and Noram
& Plant-Based (U.S.A.,
46%
Canada)
18% Rest of #1
Waters the world
Asia-Pacific, #2 #3
Latin America,
Middle East,
Africa, C.I.S. (3)
CHINA U.S.A. FRANCE
A GLOBAL PRESENCE TOP 3 BRANDS
in % of 2019 sales
APTAMIL HEALTH, SOCIAL AND ENVIRONMENTAL PERFORMANCE
ACTIVIA
120+ 100,000+ 67% DANONE
90% 24.8% › 1/3 81% 51%
countries where employees in over of sales outside
Danone products are 55 countries Europe of volumes of products reduction in CO2 of our global business of our packaging of women among our
available around the sold are in healthy footprint intensity is covered by B CorpTM is recyclable, reusable managers, directors
globe categories (4) on our full scope (5) certification or compostable and executives
#1 (1) On reported and like-for-like bases. (2) Basis points, on a reported basis. (3) C.I.S.: Commonwealth of Independent States.
#2 #3
(4) In operational terms, ‘healthy product categories’ for Danone refers to water, yogurts, milks and other daily dairy products, daily plant-based products (not yet included
in our performance figures), beverages with 0% sugar, and specialized nutrition products (except the following early life nutrition products: foods for children over 3 years
old as well as biscuits and beverages for children under 3 years old). The remaining categories are mainly low sugar beverages and indulgent products.
(1) Only in the subcategories and countries where Danone operates. (5) Baseline 2015. The data is based on a constant consolidation scope and a constant methodology.
4 Danone 2019 5
2019
APRIL MAY
Healthy Sharing our legacy
hydration To celebrate Danone’s 100th anniversary
and promote open science, we opened our
KEY Launched in Sweden
and Denmark,
collection of 1,800 strains. This initiative
to foster research and cooperation in food,
Aqua d’Or Sparkles
MILESTONES offers a healthy
health and sustainability was welcomed
by the international research and education
AUGUST OCTOBER OCTOBER
alternative to traditional
institute, Institut Pasteur. See p. 12 Innovating towards Investing in food Play football,
carbonated drinks.
Made with 99% water packaging circularity entrepreneurs change the game!
and natural fruit
flavors, this zero-calorie Several of our iconic water Danone Manifesto Ventures invested 2 million+ girls and boys from
JANUARY drink is available brands launched 100% recycled in Forager Project, a Californian start-up 27 countries aged 10-12 participated in
in five flavor PET bottles, such as the Volvic 8L specializing in organic, plant-based food the Danone Nations Cup. By promoting
combinations. format in Europe and the Żywiec and beverages. Partnering with this unique, excellence in sport and diversity while
Zdrój 5L bottle in Poland. high potential brand supports our ambition supporting water access in schools
To keep tackling packaging waste, to meet the growing global demand for with the Watering Minds foundation,
AQUA partnered with Re>Pal in plant-based products. See p. 34 we aim to inspire children to create
Indonesia to convert its plastic change in their communities.
labels into pallets.
APRIL MAY
OCTOBER NOVEMBER
Empowering employees SEPTEMBER
Accelerating our to shape our future Award-winning
Unique blend
plant-based journey We took our pioneering program ‘One Person, design
One Voice, One Share’ to the next level: every In several markets, we launched
In January, we kicked off multiple our latest innovation, Aptamil Our next generation of
eligible employee received a share in Danone
plant-based innovations with Profutura: our unique blend of tube-feeding, the OpTri
and we selected 26 volunteers from across
Silk Oat Yeah, responding to prebiotics and oligosaccharides bottle, is the winner of
the world to regularly share the voices of our
major trends and lifestyle choices 2’FL and 3’GL, which are four packaging innovation
and occasions, from oats and
Fruity indulgence 100,000 employees with our senior leaders.
structurally identical to those awards and is designed
See p. 11
low sugar, to on-the-go formats In Russia, we introduced Versa, found in breast milk. It includes Joining forces to promote to make tube feeding safer
and indulgent treats. We even a bold, adventurous premium vitamins C and D to support and easier for patients,
a toddler’s immune system.
sustainable diets carers and healthcare
launched a plant-based version brand, designed for today’s
of our iconic Activia yogurt. young adults. Composed of We teamed up with the UN’s Food professionals, while using
natural ingredients and chopped and Agriculture Organization (FAO) to 85% less water than
fruits in dynamic taste improve global nutrition, encourage more the traditional production
combinations, Versa offers diverse and healthier diets, and promote process.
fruity intensity with no responsible farming. This agreement will
MARCH compromise on good nutrition. contribute to shaping climate-resilient
and future-proof food systems.
NOVEMBER
APRIL
Advancing our SEPTEMBER OCTOBER
B CorpTM journey JULY Collaborating to catalyze
Blédina became the largest
B CorpTM in France and Danone Reinventing a classic systemic change
Egypt also obtained certification. with no added sugar
New sustainable More than a third of our global
Together with partners,
we launched two business-led
Nutricia plant business is now covered by Actimel refreshed its classic recipe to
coalitions ‘One Planet Business Educating on
B CorpTM certification, reflecting offer its L. Casei ferments in its original
We opened a state-of-the-art, for Biodiversity’ (OP2B) and healthy nutrition
our commitment to promote flavor and two new flavors comprising Supporting circular
zero-waste facility in Cuijk ‘Business for Inclusive Growth’
socially and environmentally 30% fruits and vegetables, as more
(B4IG), to transform farming NutriDay launched its
(the Netherlands), powered
responsible business. people seek delicious, convenient foods
and promote inclusive growth.
innovation ‘Strong Everyday’ campaign
by 100% renewable electricity. with health benefits.
This €240M site primarily produces These pioneering initiatives will To advance our commitments in favor to raise awareness of child nutrition
specialized baby formula products help accelerate the food revolution of a circular economy of packaging, among mothers in South Africa.
(including our Aptamil and Nutrilon and impact at scale. See p. 13 Danone with AQUA and evian® is taking Crafted to deliver common lacking
brands) to meet specific needs part in a research mission with The Ocean micronutrients and promote
of babies with medical conditions Cleanup, a Dutch non-profit pioneering healthy development, NutriDay
such as cow’s milk allergy. advanced technologies to intercept plastic is the country’s only yogurt
in rivers before it reaches the ocean. to provide a source of zinc.
6 Danone
6 2019 7
Danone
Collective action is the only way to deliver our
‘One Planet. One Health’ vision to accelerate
the food revolution and create sustainable value
for all in an inclusive way.
and global strategy, and 40,000+ and consume food. In 2019, we co- leverage our climate action to create a
INTERVIEW WITH OUR CHAIRMAN AND CEO
raised their hands to help analyze created two international business virtuous cycle, fuel a superior growth
EMMANUEL FABER
these inputs. In 2019, we selected 26 coalitions to promote inclusive growth model and create value for all.
volunteers for a direct and structured and biodiversity and we opened access
dialogue with our leaders and our to our unique collection of strains for However, as we speak, the world is
BY DANONE EMPLOYEES 100,000 employees have joined us as research purposes. We hope it will struggling with a global epidemic that
co-owners of the company. By aligning help foster cooperation and progress will remain the number one priority for
everyone’s interests for the long-term, towards a healthier and more the coming months. My primary focus
As we celebrated our 100th anniversary, 2019 was the year of collaborative our participative model will yield a sustainable world. (and that of everyone at Danone) is the
innovation towards fulfilling our ‘One Planet. One Health’ vision. huge competitive advantage to seize health and safety of our employees
new business opportunities. Carolina Del Hoyo (Argentina): and their families and the continuity of
Some of the 26 volunteers who share the voices of our 100,000 employees What will be our main priorities for our workflows. These priorities are
at leadership level interviewed Emmanuel Faber about Danone’s priorities Tria Rosemiarti (Indonesia): the future? essential for us to keep fulfilling our
and our collective ambition to build a sustainable food future. Why does Danone promote open missions: indeed, food supply chains
innovation and collaboration? EF: We are convinced there is an urgent will be critical in helping dozens of
and significant opportunity to put countries face covid-19. Never has
EF: We read the last months as a climate actions even more at the core our ‘One Planet. One Health’ vision
shifting point in civil society, consumer, of our business model, to join people’s been so relevant. It requires us to
government and financial institutions’ fight for climate and nature with the step up our commitment and our
attitudes and expectations towards the power of our brands. While focusing on operational capability to respond to
Mark Piercy (U.K.): continued to develop our unique new brands such as Light&Free and issues we are collectively facing - our 2030 Goals to shape the future of society’s needs. And we will emerge
What has made Danone so health-focused portfolio, leading on YoPro, and went back to growth in Europe climate change, biodiversity loss, food together with our partners, we will from this crisis stronger. In this
successful for 100 years? flexitarian proteins, organic food and where Alpro has become as big as packaging waste or social inequality, to invest about €2 billion over three years respect, I’m particularly proud of
regenerative agriculture, and pursued Activia. The Waters division continued to name a few. And we believe that we to further transform our agriculture, how our people have adapted their
Emmanuel Faber: Key to our long- our focus on innovation and efficiencies. advance our circular packaging need a collective effort to drive change energy and operations, packaging, and ways of working to the current
term success has been our capacity At the same time, we advanced on our ambitions: about 50% of Waters’ and transform the way we grow, make digital capabilities so that we will fully circumstances and continued to serve
for constant self-adaptation through a B CorpTM journey and were proud to volumes were offered in reusable our communities. In the long term,
century of revolutionary change. And reach the peak of our full-scope formats (notably multi-liter jugs by I believe that this global epidemic will
a unique vision, actualized over carbon emissions five years ahead of AQUA in Indonesia and Bonafont in create a new awareness and a change
generations by our leaders and fueled our commitment - a great achievement Mexico) and the use of recycled PET of habits and priorities that will further
by the passion from our teams, who for our company that has adopted increased to reach 16% worldwide. drive the food revolution. I am more
have often perceived and acted first on ‘One Planet. One Health’ as a vision convinced than ever that – during this
connections between health, food, and a business model. Tao Gu (China): crisis and after it – the way we eat and
nature as well as societal change, well We delivered a strong growth of recurring How can ‘One Person, One Voice, drink will remain an essential
ahead of the curve. EPS (+8,3%) in 2019 thanks to the One Share’ make a positive foundation of our health and pleasure,
contribution of all our businesses. difference? as well as a source of social and
Ahmed Lotayef (U.S.): Specialized Nutrition strong profitable cultural connection for each and every
How did our ‘One Planet. One Health’ growth was fueled by the first synergies EF: This pioneering governance model one of us.
vision help to create sustainable, from the integration of its two units, the marks our transformation to becoming
profitable growth in 2019? success of Aptamil in China and our a people-powered company, where
premium ingredients innovations each voice counts. It was amazing to
EF: 2019 has been a year of strong leveraging science. Essential Dairy and see that, for our second consultation,
Discover the video on:
progress, both in terms of delivery and Plant-Based captured healthy eating 90,000 of our team members voiced danone.com/integrated-
the transformation of Danone. We trends, supported by the deployment of their opinions for the company’s local annual-report-2019
8 Danone 2019 9
PROGRESSING TOWARDS EMPOWERING EMPLOYEES
OUR 2030 GOALS TO CO-OWN OUR VISION
In order to fulfill our People are at the heart of our success: they have the power
‘One Planet. One Health’ to deliver our goals today and shape what these goals
vision – which reflects our should entail in the future so that together we can be at the
strong belief that the health forefront of the food revolution. At Danone, we have decided to
of people and that of the empower our employees to play a pivotal role in accelerating
planet are interconnected innovation and fulfilling our ‘One Planet. One Health’ vision. Through
– we defined a set of nine our pioneering ‘One Person, One Voice, One Share’ governance
integrated goals for 2030. model and engagement program, we are entrusting our teams
Our more than 100,000 to shape a more sustainable future, both at local and global level,
employees are the driving and create greater long-term value for all.
force to achieve these goals
and accelerate the food
revolution, while creating
sustainable, profitable CO-BUILDING 26 VOLUNTEERS SHARE FOSTERING
value for all. OUR ROADMAP EMPLOYEES’ VOICES WITH AN OWNERSHIP
As part of our new strategic annual
OUR LEADERS AND BOARD MINDSET
routine leveraging the insights of Danone’s Every year, we select 26 volunteers We believe that nurturing an ownership
100,000 employees, ‘One Person, to share the voices of Danone’s mindset is critical to unleashing
One Voice, One Share’ became fully 100,000 employees with members the energy and talent of our employees
connected with the development of our of the Board of Directors and to deliver our goals. In 2019, we granted
strategy. Transparency is guiding this the Executive Committee. These every eligible employee one share
effort, with our teams benefiting from a meetings foster a rich, meaningful in the company, which gives them
Our nine 2030 Goals, aligned with companies to be B CorpTM certified. In this year and we plan to roll out our digital learning experience exploring our discussion to contribute to our strategy. the right to vote at the Annual
the Sustainable Development Goals of 2019, more than a third of our global Parental Policy in all the countries where ‘One Planet. One Health’ vision and the This unprecedented interaction and Shareholders’ Meeting. It is combined
the United Nations, embed our business business was already covered by the we operate by the end of 2020. existing business plans behind each of collaboration between employees with an annual dividend-based incentive
model, brand model and trust model. certification. our Danone 2030 Goals. By connecting and senior leaders is enabling us to scheme which, for the first year, delivered
They formalize our ambition to deliver MEASURING PROGRESS what is at stake and how we, at Danone, gain further insight into needs and a payout of 40 times the dividend.
superior, sustainable, profitable growth Through our purpose-led brands, we are part of the solution, we empower expectations, catalyze faster decision-
through Manifesto brands that act aim to protect and nourish the health of In 2019, we connected KPIs each employee to share their views and making, drive innovation and empower
as true activists towards a clearly people and that of the planet. We have to our 2030 Goals to measure our shape our future. Demonstrating a high our local teams to act and progress
defined purpose, while empowering set ambitious Nutritional Targets aimed progress, using them as a framework to engagement rate, 90% of employees towards our 2030 Goals, addressing
employees and working with partners at continuously improving the nutritional communicate our performance to took part in the second edition of our planetary and health issues.
in an inclusive way. quality of our products and our ambition our stakeholders. This year, we achieved ‘One Voice’ consultation in 36 languages,
is to become carbon neutral across our sector-leading scores in the Vigeo-Eiris with 41,000 volunteers helping to collate
DRIVING ECONOMIC full value chain by 2050; we continue to and Sustainalytics environmental, 175,700 verbatims. This enables us
SUCCESS & SOCIAL co-create carbon positive solutions, social and governance (ESG) ratings (1). to leverage our employees’ views and
PROGRESS notably by helping our partners to adopt These form part of the criteria insights to inform our strategic planning.
regenerative farming practices. influencing, upwards or downwards, The results showed that they recognize
Our strategic focus on innovation and the margin of our €2 billion syndicated how our vision will help Danone succeed
healthy, fast-growing food & beverage We also continue to pioneer ways to credit facility, further confirming that and that they are ready to go the extra
categories enables us to deliver empower our employees and foster combining financial and sustainability mile to contribute in their local entities
sustainable, profitable value and promote inclusive growth for all our stakeholders performance is the future. and deliver profitable, sustainable Deepening the connection between our company and
health through food. In line with in our value chain. As we promote growth.
our legacy dual project of economic gender equality, the proportion of our teams creates both value and trust, advancing our
For more information:
success and social progress, we aim to Danone female managers, directors danone.com/integrated- dual project as a truly people-powered company.
become one of the first multinational and executives has improved to 51% annual-report-2019
Bertrand Austruy
(1) As of October 2019. Executive Vice President, Human Resources and General Secretary
10 Danone 2019 11
COLLECTIVE ACTION
FOR GREATER IMPACT &
PIONEERING TRANSFORMATIONAL CHANGE
With our food system and society facing major challenges, joining forces with
HEALTHY INNOVATION stakeholders is vital to bringing our ‘One Planet. One Health’ vision to life and creating
sustainable value for all. In 2019, we collaborated with multiple partners to build
TOGETHER pre-competitive business coalitions to promote biodiversity and inclusive growth.
COLLABORATING WORLDWIDE TO SUPPORT
As we celebrate our centennial, we are reminded of our
INCLUSIVE GROWTH
founder’s dream to bring health through food to as many
people as possible. His ambition and pioneering spirit
still inspire us today in everything we do. It drives us to
constantly innovate and create superior food experiences,
build a healthier and more sustainable future and
accelerate the food revolution with our partners.
To help tackle social inequalities and growth initiatives, benefiting some
promote inclusive growth, we partnered 120 million people. The coalition has
JOINING FORCES TO
100 years ago, Isaac Carasso created 2,000+ children learned more about
our first yogurt – a simple food, nutrition, provenance and circularity with the OECD to found the ‘Business rapidly expanded, concretizing plans, PROTECT BIODIVERSITY
with a simple aim of improving health. in our kids labs, in partnership with for Inclusive Growth’ (B4IG) coalition, identifying ‘incubator’ projects to inform AND SOIL HEALTH
Concerned by child malnutrition in Ashoka, Fundación Trilema and the launched at the G7 Leaders’ Summit economic policies and launching an
Barcelona and naturally entrepreneurial, Spanish Ministry of Education. in August 2019. Sponsored by the Inclusive Growth Financing Forum. Of the 6,000 plant species cultivated
he mixed ferments and fresh milk to French President, Emmanuel Macron, To help promote economic success for food, just nine account for 66% of
create a yogurt that he affectionately In parallel, to present the people B4IG brings together more than and social progress, we also participate total crop production(2), while 60% of
named ‘Danone’, after his son Daniel. behind our brands, 47 Danone sites 40 companies, organizations and in the French ‘Collectif d’entreprises biodiversity has been lost. Business
His purpose sits at the heart of worldwide – including production sites philanthropic organizations such as pour une économie plus inclusive’(1), must promote a more diverse, resilient
our mission. Through a century of and offices – welcomed 50,000+ the Bill & Melinda Gates Foundation which unites 35 companies employing agriculture system. In line with our
revolutionary change, as lifestyles visitors in 17 countries during our and the Rockefeller Foundation. Each nearly 1.5 million people to empower Goals to protect natural resources and
and tastes evolved, we have continued ‘Open Doors’ event. member has pledged to advance young and underprivileged people to serve the food revolution with partners,
to innovate to offer a unique range human rights and promote inclusion find employment and achieve greater we co-built with the World Business
of foods and beverages enjoyed in their workplaces and supply chains. financial security. Council for Sustainable Development the
PROMOTING OPEN SCIENCE To date, B4IG members have invested
by millions of people around the ‘One Planet Business for Biodiversity’
TO BUILD A SUSTAINABLE $1.4 billion in more than 70 inclusive
world, inspiring healthier and more (1) Business coalition for a more inclusive economy. (OP2B) business coalition. Launched
FUTURE
sustainable habits. by Emmanuel Faber at the UN General
Leveraging a century of investment Assembly in September 2019, OP2B
and research in good bacteria and unites 19 leading companies in a
RE-IMAGINING FOOD
yogurt fermentation, we have opened collective effort to promote biodiversity
TOGETHER
access to our unique collection of - by scaling up regenerative farming
We celebrated our centennial year 1,800 strains to the world’s researchers. practices, diversifying crop production,
with a collective sense of purpose We aim to foster collaboration and eliminating deforestation and
to accelerate the food revolution catalyze potential solutions to health, conserving ecosystems - and will report
with all our stakeholders. In May, we societal and environmental challenges We’re joining forces because we recognize transparently on progress and impact.
held ‘The Love Behind Food Summit’ such as reducing crop and food losses, the value of collective impact. Now is the time (2) UN Food & Agriculture Organization, 2019.
in Barcelona, gathering hundreds protecting and regenerating soils
of employees, partners, experts and and preventing antibiotic resistance. to collaborate for change.
changemakers in food, health and
sustainability to share inspiration,
powerful ideas and stories of progress. Mathias Vicherat, General Secretary
12 Danone 2019 13
PERFORMANCE
3 QUESTIONS TO
CÉCILE CABANIS
Executive Vice President, Chief Financial Officer, Technology & Data, Cycles & Procurement
How did Danone perform In the covid-19 context, How is Danone leading the way
in 2019? what are your expectations to connect financial and
for 2020 and beyond? environmental performance?
2019 was a year of strong progress on
profitable growth. Sales increased by Our top priority is to ensure the For more than 10 years, Danone has been
+2.6% on a like-for-like basis. All safety of our 100,000 employees a pioneer in setting carbon emission
businesses grew and recurring operating worldwide and protect our ecosystems targets on its entire value chain. We are
margin improved for the fifth to maintain the availability of our daily very proud to have reached in 2019 the
consecutive year to 15.2%, with food supply to consumers. We expect peak of our full-scope carbon emissions,
continued record productivity and market conditions to be volatile and five years ahead of our initial commitment,
savings. Our €1 billion efficiency unpredictable for the rest of the year. and to become one of only six companies
program ‘Protein’ kept delivering ahead However, we are confident in the worldwide with a ‘triple A’ score by CDP(1)
of plan and we benefited from the first resilience of our business. In February, in recognition of our leading environmental
synergies of the further integration of we set out a €2 bn investment plan efforts. From this year forward we will show
Specialized Nutrition. We end this five- on brands, agriculture, packaging and a ‘carbon-adjusted’ EPS evolution, an
year period of our ‘Danone 2020’ plan digitalization to put climate action important step to start measuring carbon
with a strong financial track record, even more at the core of our growth externalities and enable shareholders to
including a recurring EPS cumulative model. We believe that, in the post- make more informed and therefore better
increase of 50% and a financial covid-19 world, these factors will be decisions for the long-term.
deleverage of our balance sheet one even more important.
year ahead of our plan, thanks to all-time (1) CDP is a not-for-profit charity that runs
the global disclosure system for investors,
high free cash flow delivery and very companies, cities, states and regions to manage
disciplined capital allocation. their environmental impacts.
FOR ALL It is critical to manage the tension between short-term
delivery and transformation for long-term sustainable
value. We urgently need to highlight our externalities
in our financial performance to ensure the right
conversation with our investors.
14 Danone
14 D none
Da non
one 2019
2019
9 15
Key Achievements in 2019
Health & Nutrition
performance
Having a good understanding of local nutrition practices and public
health contexts is key in constantly adapting our health and nutrition 5
strategies at country level in order to target locally relevant health countries are covered
by in-depth studies
issues and account for the world’s highly diverse dietary habits and of local nutrition and health
contexts (1)
Our mission to ‘bring health through food to as many people as possible’ cultures.
is embodied by our unique product portfolio. To encourage balanced
and more sustainable food choices, we work on improving both the nutritional
quality of our products and encouraging healthier practices, moving away
from conventional food systems to new models tailored to local diets.
OUR SIX NUTRITION BETTER PRODUCTS: BETTER CHOICES: BETTER CONSUMPTION:
Improve our offer And drive demand To improve habits
COMMITMENTS GLOBAL ACCESS
and health
TO NUTRITION INDEX (1)
We pledged to achieve six Nutrition Commitments Among the top 3 performing companies
by the end of 2020.
No. 1 in Breast-Milk Substitutes We have created a unique portfolio We actively promote better choices By offering better products to our
Marketing sub-ranking of products from healthy categories through transparent nutrition labeling, consumers and encouraging them
for which we have set ambitious and responsible marketing practices and to make better choices, we help to
comprehensive Nutritional Targets the design of nutritionally rich solutions foster better consumption habits.
aimed at continuously improving to promote sustainable healthy eating We aim to demonstrate the
nutritional quality. This will be and drinking habits. We also accelerate potential of our products and
achieved by improving our portfolio current and new initiatives together programs to improve food and drink
profile, fostering innovation with our partners to positively impact consumption and drive progress
#1 #2 and expanding our organic and communities and people around the towards our 2030 Goal ‘Impact
Continuously improve the Design healthier alternatives
nutritional quality of our relevant to consumers locally-made ranges. world, including our employees. people’s health locally’.
products
90% 23
of volumes of products sold in education and information programs
2019 are in healthy categories (2) (3) were active in 2019 (3)
82% 12M
#3 #4 of volumes of products sold people were potentially
Reinforce our understanding Contribute to addressing at the end of 2019 are in line reached by these education
of local nutrition practices and local public health challenges with the 2020 Nutritional and information programs
public health contexts through partnerships Targets (3) (4) since their launch (3)
82% 10
of volumes of products sold local marketing to children pledges
in 2019 are without added signed to date by Danone, in addition to the
sugars (3) (5) European Pledge and the IFBA Pledge(6) (7)
#5 #6
Develop even more responsible Provide the most appropriate The data provided on this page does not include plant-based products.
marketing practices, with regard product labeling to encourage (1) Nutriplanet program which covers: syntheses on the local nutritional and health context, more precise surveys on the consumption of food and / or fluids, socio-anthropological studies.
to children healthier practices (2) In operational terms, ‘healthy product categories’ for Danone refers to water, yogurts, milks and other daily dairy products, daily plant-based products
(not yet included in our performance figures), beverages with 0% sugar, and specialized nutrition products (except the following early life nutrition products: foods for children over 3
years old as well as biscuits and beverages for children under 3 years old). The remaining categories are mainly low sugar beverages and indulgent products.
(3) One Health Scorecard: representing 66 reporting entities and about 74% of Danone’s annual net sales in 2019.
(4) All product categories except packaged water, cooking aids, and products for which a target is not yet defined, and plant-based products that are not included in the scope of
our 2020 Nutrition Commitments. Products must attain all nutrient thresholds for their category in the ‘Danone Nutritional Targets 2020.’ Compliance is weighted by volumes of
products sold. This rule applies both at portfolio and product (i.e. multipack) levels.
For more information: (5) All product categories except plant-based products (not yet included in the performance) and medical nutrition products.
(1) Danone’s 2018 Global Access to Nutrition Index (ATNI) rank. The ATNI
assesses major food and beverages companies on their nutrition-related danone.com/integrated- (6) IFBA: International Food and Beverage Alliance.
performance every two years: https://www.accesstonutrition.org/ annual-report-2019 (7) These local pledges are in addition to Danone’s global Pledge on Marketing to Children which was updated in 2019.
16 Danone 2019 17Environmental performance
Our approach is driven by four key ambitions: fight climate change, promote regenerative
agriculture, protect water cycles and co-build a circular economy of packaging. TARGET TARGET TARGET
(1)
CLIMATE CHANGE
Reduction in CO2
footprint intensity
(g of CO2 equivalent/kg products sold)
24.8% on Danone’s full scope, 2015
baseline(2) 50%
We are fighting climate change by reducing our carbon
30%
footprint and working to sequester more carbon. We Absolute reduction
have committed to become carbon neutral by 2050
across our full value chain. Our carbon reduction
in CO2 footprint
(in tons of CO2)
29.1% on Danone’s scope 1 and 2
emissions, 2015 baseline(2)
targets were officially approved by the Science-
50% 100%
Based Targets initiative in 2017 and we signed
the ‘Business Ambition for 1.5°C’ pledge in 2019.
Renewable electricity
(in kWh) 42.4% of the company’s
electricity consumption(3)
of total fresh milk volumes covered by Cool Farm
REGENERATIVE Protect soils, water
and biodiversity 88%
Tool and Cap2ER(4). These tools enable Danone
to calculate greenhouse gas emissions from
livestock to implement adequate action plans, such
AGRICULTURE
as manure management, feed optimization, herd
management, reduced tillage and cover crops.
We are working with our partners to develop
28%
Empower a new of total milk collected directly by Danone comes
regenerative farming models that are competitive, from producers working with the company under
generation of farmers long-term contracts, also called CPM contracts(5)
inclusive and resilient. We aim to develop new
agricultural practices to tackle issues such as
80%
of fresh milk volumes worldwide assessed
climate impact, soil health, loss of biodiversity,
81%
through Danone’s animal welfare
animal welfare and water scarcity. Respect animal welfare assessment tool or via Validus Animal
Animal Welfare in Dairy Farms(6) Welfare Certification in the Essential
Dairy & Plant-Based business
WATER STEWARDSHIP
100%
Protect water resources of Waters business sites
We have adopted a water stewardship strategy
in our watersheds 100% have run Sustainable Protection and
Resources managING (SPRING) audits
focusing our efforts on the most at-risk areas
60%
by supporting locally-adapted solutions Reduce water
49%
of water consumption
to water quality, quantity and access, both consumption intensity reduction, 2000
in our operations and our value chain. baseline(3)
in production sites
100%
Use 100% recyclable,
81%
of our total packaging
CIRCULAR ECONOMY reusable or compostable
packaging
is recyclable, reusable
or compostable
We want to play our part in accelerating the transition
50%
from a linear to a circular economy. We partnered with
the Ellen MacArthur Foundation to further embed
circular economy principles both internally and externally.
Reintegrate recycled
materials 16% recycled PET on average in
the Waters business
We aim to make our packaging 100% circular.
(1) CDP Climate Change, CDP Water and CDP Forests scores awarded in 2019 for our overall climate change and water stewardship strategies and our commitment to fight against deforestation. Danone has been
recognized as a global environmental leader, becoming one of only 6 companies – among 8,400 organizations assessed – with a ‘triple A’ score by CDP. (4) Cap2ER is a tool developed by the French milk industry that Danone applies to its milk sourcing in France.
(2) The data is based on a constant consolidation scope and a constant methodology. The GreenHouse Gas protocol defines three scopes for carbon footprint assessment: Scope 1 emissions are direct emissions from (5) The Cost-Performance Model (CPM) long-term contracts with producers are deployed in Europe, in Russia and in the U.S. to reduce milk price
owned or controlled sources. Scope 2 emissions are indirect emissions from the generation of purchased energy. Scope 3 emissions are all indirect emissions (not included in scope 2) that occur in the value chain of volatility, offering them better visibility and financial stability. For more information:
the reporting company, including both upstream and downstream. (6) Including the following countries covering more than 80% of total fresh milk volumes (Algeria, Argentina, Belgium, Brazil, Egypt, France, Germany,
(3) Production Sites Environment Scope. In 2019, 185 (of Danone’s 190) production sites representing approximately 99% of the total production of its industrial sites reported environmental indicators. Mexico, Poland, Romania, Russia, South Africa, Spain, and the U.S.). danone.com/integrated-
annual-report-2019
18 Danone 2019 19Social performance Social Innovation Platforms
We provide our 100,000+ employees with a safe and inclusive
working environment, relying on constructive social dialogue
and relevant talent management and development.
102,398
Total number of employees in over 57 countries(1)
GROWING INCLUSIVE
BUSINESS SOLUTIONS
Danone Communities is a Venture Capital fund investing in social
BUILDING RESILIENT COMMUNITIES,
NATURAL ECOSYSTEMS & BUSINESSES
We have created the Livelihoods Impact Investment Funds, inviting other
businesses. The fund empowers innovative social entrepreneurs to companies to join us in helping rural communities boost food security,
achieve sustainable social impact. The fund does this by investing improve livelihoods and fight climate change.
in social businesses as minority shareholder and providing capital,
25% 9%
technical and managerial expertise, as well as
Europe EMPLOYEES BY GEOGRAPHICAL AREA (1) C.I.S.(2) networking opportunities.
15 12 6M Livelihoods Carbon Funds
Greater countries social people Created in 2011, the Livelihoods Carbon Fund (LCF#1) finances
North
6% 8% China
businesses impacted environmental restoration, agroforestry and rural energy projects
benefiting vulnerable people in developing countries.
America Projects are implemented in the field by local NGOs and monitored
for over 10 to 20 years. Building on its success, investors launched
21% Asia-Pacific,
Middle East
a second compartment of the Fund (LCF#2) in 2018.
LCF#1
Latin
23% 8% Africa
America 130M 10M 1.5M
trees being tons of CO2 to beneficiaries
FOSTERING INCLUSIVE GROWTH planted be sequestered
over 20 years
IN OUR VALUE CHAIN
89,000
For 10 years, the Danone Ecosystem Fund has strengthened and
EMPLOYEES BY BUSINESS LINE (1) developed activities of general interest within Danone’s ecosystem,
including stakeholders such as smallholder farmers, micro- Livelihoods Fund for Family Farming
entrepreneurs, caregivers and waste-pickers. The fund supports Created in 2015, the Livelihoods Fund for Family Farming aims to build
projects co-designed by a local Danone subsidiary and a non-profit sustainable supply chains for companies while improving the lives of
employees took part in the second edition partner, addressing both social and economic challenges, as well as
41%
smallholders through sustainable agricultural practices that help to
of our ‘One Voice’ consultation environmental or public health issues. restore ecosystems and improve yields.
Essential Dairy &
Plant-Based
TALENT HEALTHCARE 3 4. M 2,000 800 HA 1,100 15,000
active projects indirect people professionally converted to sustainable farms connected to people reached
DEVELOPMENT
99,627 beneficiaries empowered farming practices markets
23 employees in 53 countries
had healthcare coverage
For more information:
danone.com/integrated-
3% hours of training
per employee on average(4)
in line with the standards defined
by Dan’Cares(5)
annual-report-2019
Others(3)
INCLUSIVE DIVERSITY OUR B CORP TM JOURNEY
21% 35% Seeking to combine financial success with the highest standards of overall social and environmental performance.
27%
(6)
female at executive level
Specialized Waters (target of 30% by 2020)
At the end of 2019, the following Danone entities were B Corp™ certified: Danone North America in the
30%
Nutrition
20
executives from under-represented nationalities(7) U.S., Danone dairy in Spain (Danone S.A.), Aguas Danone Spain, Blédina in France, AQUA in Indonesia,
(2020 target achieved) Danone Egypt, Danone dairy in Belgium, in the Netherlands, in the U.K. and in Ireland (Danone Ltd),
Les Prés Rient Bio in France, Happy Family in the U.S. (Nurture), Aguas Danone de Argentina, Danone
Canada (Danone Inc.), Alpro, Nutricia Bagó in Argentina, Danone Waters of America, Danone Waters
(1) Scope: total number of Danone’s employees at the end of 2019. (5) The Dan’Cares program aims to provide all Danone employees with quality healthcare coverage for Germany, Grameen Danone Foods Ltd in Bangladesh and Danone Manifesto Ventures in the U.S. entities certified
(2) C.I.S.: Commonwealth of Independent States. major risks, while taking account of different market practices. The three main risks are hospitalization
(3) Others: Global headquarters, Danone Research, Evian Resort. and surgery, outpatient care and maternity care. Over one third of our global business is covered by B Corp™ certification.
(4) The indicator scope covers over 85% of Danone’s total headcount. (6) The Bloomberg Gender-Equality Index distinguishes companies committed to transparency
in gender reporting and advancing women’s equality.
(7) Under-represented nationalities are nationalities within the Africa, Americas, Asia, Eastern Europe
and Oceania regions.
20 Danone 2019 21Today, more than ever, people
are looking for healthier options and
re-thinking their relationship with food.
We are transforming our business
to meet their needs and confirming
WORLDWIDE
in Fresh Dairy
FRANCISCO CAMACHO our position as the world’s leading
products Executive Vice President, flexitarian company.
in Plant-Based Essential Dairy & Plant-Based
products
GOOD FOR YOU
€13.2
HEALTHY LIVING Alpro’s new look highlights
BN ON THE GO the diverse plant-based ingredients
and nutritional benefits of its wide
Total sales With high-protein content
global range. To reflect Alpro’s
and less sugar, YoPro provides
sustainability commitments,
nutrients to sports enthusiasts
it is coupled with a move to plant-
who need their body to perform.
based packs across its 1-litre
TOP 3
It is proving a hit globally,
#1 Activia drinks range and backed by our
and is already available in
‘Good for you’ campaign.
#2 Danone 18 countries.
#3 International
Delight
BRANDS (1)
ESSENTIAL
Consumers, especially
millennials, responded well to
our strategy to adapt offerings
to meet their diverse needs.
Additionally, we decisively
DAIRY &
embraced the acceleration of
healthy eating trends including
the growing demand for plant-
based, organic, natural and
low-sugar, locally sourced and
PLANT-BASED
high-protein products.
Our plant-based business PLANT-BASED
demonstrated strong growth,
performing particularly well BREAKTHROUGH
in Europe, where Alpro grew As flexitarian diets continue
In 2019, Essential Dairy & Plant-Based double digit, in line with CELEBRATING to grow in popularity, we
our ambitions to triple our
experienced +1.1% growth(2) with plant-based business by
CULTURAL DIVERSITY launched our new plant-based
Activia across Europe, giving
2025. Cross-fertilizing ideas In Mexico, Danone launched a range consumers the best of both
offerings tailored to healthy eating between our dairy and plant- of yogurts celebrating local ingredients worlds by combining 100%
based segments delivered a and the cultural diversity of five regions.
LOW SUGAR plant-based ingredients with
trends and younger generations’ breakthrough innovation in the
form of a 100% plant-based
Sweetened with agave, they feature the unique blend of
100% Mexican milk, our natural ferments Thanks to an innovative, unique, slow-straining Activia’s cultures.
consumption habits, innovating and Activia. and regional fruits: guavas from
Michoacan, figs from Morelos, coconuts
process, Two Good has 80%(1) less sugar than
average Greek yogurts, with 2g of total sugar per
maximizing opportunities across our In a rapidly evolving retail
landscape, we are continuing
and lemons from Veracruz, berries from
Jalisco and bananas from Tabasco.
cup, delivering a delicious, creamy
taste while meeting the growing demand
dairy and plant-based portfolio. to develop our business across
all channels, especially fast-
for low-sugar products.
(1) In % of 2019 sales. growing convenience, impulse
(2) Like-for-like change. and online. (1) Two Good: 2g total sugar per 5.3 oz. Average Greek yogurt: 11g sugar per 5.3 oz.
22 Danone 2019 23We are committed to bringing
healthy hydration and safe drinking
water to people throughout the world,
now and for the generations to come,
2
in a way that preserves natural resources
WORLDWIDE
in Packaged HENRI BRUXELLES and improves lives.
Waters Executive Vice President,
(by volume) Waters and Africa
€4. BN
Total sales (RE)NEW
In-home natural mineral
water appliance, evian®
TOP 3
(re)new, features a collapsible,
#1 AQUA 100% recycled and recyclable
#2 Mizone 5L ‘bubble’, using 66% less REUSE
#3 evian® plastic than a 1.5L bottle. The To offer people great drinking
prototype and an exclusive experiences at home in
BRANDS (1) tumbler were designed by
sustainable design expert
Indonesia, we have made our
AQUA jugs available in an
Virgil Abloh. additional 1,000 retail stores
and through another 500
AQUA Home Service outlets.
LOCAL NATURAL
We took action to lead the ‘drinking
revolution’, as more people voted We launched L’mon from In Poland, to help meet
for the world they want through their the makers of Volvic in conscious consumers’
drink choices and hydration habits. the U.K., combining locally
WATERS
expectations for water in
sourced spring water a glass bottle to complete
Our circular packaging innovations with at least 25% real their fine dining experience,
were centered on reuse, recycled fruit juice in three blended Żywiec Zdrój launched the
content and recyclability. Our citrus combinations and first glass formats of its pure
reusable water formats (roughly half no added sugars(1), in mountain spring water.
of our offering by volume) achieved a fully recyclable
In 2019, the Waters business strong growth. Many of our iconic
brands, including Volvic, AQUA and
aluminum can.
delivered sales growth of +1.5%(2), Żywiec Zdrój launched 100%
rPET bottles and we increased the
contributing multiple innovations use of rPET to reach 16% worldwide.
To respond to evolving tastes
AUTHENTIC
to a rapidly-evolving category, and and lifestyles, we expanded our
aquadrinks range with natural, Combining an authentic
re-imagining the packaging of our unsweetened options. citrus taste with Salus
natural mineral water,
most iconic brands to improve Aguas Danone Spain, Danone
Waters Germany and Danone
the new Salus Limonadas
range in Uruguay is made
Waters of America achieved
circularity. B CorpTM certification, and four of
with premium lemon
flavoring and appeals to
our brands committed to become new generations seeking
fully carbon neutral in the coming fresh-tasting, simple drinks.
years: evian® and Volvic in 2020,
(1) In % of 2019 sales. Lanjarón by 2025 and Font Vella
(2) Like-for-like change. by 2030. (1) Contains naturally occurring sugars.
24 Danone 2019 25We strive to make a positive impact
on people’s health every day, partnering
EUROPE
in Advanced with families, carers and local health
Medical Nutrition communities to create science-based
solutions that meet the nutritional needs
VÉRONIQUE and preferences of people at different
2
WORLDWIDE PENCHIENATI-BOSETTA stages of life.
in Early Life Executive Vice President,
Nutrition Specialized Nutrition
€7. BN
Total sales
LOCALLY
SOURCED
TOP 3
KariCare Sheep is a new
#1 Aptamil baby formula made in New
#2 Nutrilon Zealand with 100% local
#3 SGM sheep milk, introduced in
New Zealand, Australia and
BRANDS (1) China. It reflects growing
SPECIALIZED
consumer interest in
baby formulas based on
different milk varieties.
We accelerated innovation,
NUTRITION
working with parents, patients
and healthcare professionals
to understand local needs
and preferences—for organic
LEVERAGING
ingredients or alternatives SCIENCE
to cow’s milk for example—while
This year, we continued
embracing digitalization. In China,
The Specialized Nutrition business we introduced a digital service
the global roll-out of
the Aptamil Prosyneo
allowing consumers to verify the
delivered strong growth of +5.8%(2) authenticity of our baby formulas.
growing-up milk for
toddlers. This growing-up
in 2019, driven by the acceleration Leveraging our scientific expertise,
milk is tailored to support
sensitive toddlers’
our latest innovations in early life
of consumer-centric innovation nutrition were based on our
development and
immune system with
research into the role of human
anchored in science, and by milk oligosaccharides. We also
vitamins C and D.
introduced new products
the integration of our early life addressing the growing prevalence
of food allergies in babies and
and medical nutrition units children worldwide.
to unleash synergies and capture In 2019, we successfully integrated HIGH PROTEIN SPECIFIC INGREDIENTS ORGANIC
our early life and medical nutrition
Nutrison Protein Intense is the first Our Cow & Gate A2 Milk, launched in In France, Blédina launched
additional growth. business units into a single entity.
and only intact protein tube feed for Hong Kong, uses milk from New Zealand its ready-to-cook offering, Les
Stronger together, we are well
critically ill patients with high protein cows that have been selected through DNA Récoltes Bio à mélanger, providing
positioned to drive growth, unified
needs that meets International testing as producing the A2 ß-casein protein 20 nourishing meal ingredients
by a shared purpose to serve
Critical Care guidelines. (only 30% of all cows produce the A2 for babies, while supporting
(1) In % of 2019 sales. people’s specific nutritional needs
ß-casein protein). regenerative, organic farming.
(2) Like-for-like change. throughout life.
26 Danone 2019 27COLLABORATIVE INNOVATION
Boosting innovation
Our ability to collectively accelerate the food revolution relies on our capacity to harness
technology and develop pioneering products - from design to market - in an inclusive and
transparent way. To boost innovation and bring health through food, we listen to consumers,
cultivate relationships through dynamic digital activations and anticipate new trends.
L’MON:
PROMOTING HEALTHY
AND TASTY HYDRATION
Volvic, the U.K.’s #1 bottled water brand(1), launched
L’mon, from the makers of Volvic: a new range
of zesty, sparkling drinks produced in the U.K.,
combining at least 25% real fruit juice and British TWO GOOD:
spring water. Tapping into the ever-growing demand
for healthier hydration options, it offers all the taste A SIMPLE ACT
of a traditional fizzy drink with no added sugar(2),
no artificial sweeteners, colors or flavors and no
OF GOOD FOOD
preservatives, in a 100% aluminum can that can be In the U.S., 76% of consumers are looking to limit their
recycled infinitely. We supported the launch of this sugar intake. To meet health-conscious people’s needs
exciting innovation with a major summer marketing and respond to a clear growth space in the market, we
campaign, reaching 75% of the U.K. population. created a revolutionary protein-rich Greek yogurt with
(1) IRI Marketplace MAT to 03.11.2019.
(2) Contains naturally occurring sugars.
reduced sugar: Two Good. It features 80%(3) less sugar
than average Greek yogurts because it’s made by slow
straining our unique combination of milk and culture.
This removes sugar from the milk, before adding
the final touch of flavor, leaving 2g of sugar, 12g of protein,
and 80 calories per serving.
(3) Two Good: 2g total sugar per 5.3 oz. Average Greek yogurt: 11g sugar per 5.3 oz.
>30%
Innovations accounted for >30%
of our sales in 2019, supporting
our profitable growth agenda.
We drive innovation in a way that makes a meaningful difference to people’s
health locally, supports the communities we operate in and preserves the planet’s
resources. Leveraging digital technology to transform the way we connect with
consumers enables us to engage hearts and minds with our brands’ purpose.
Nigyar Makhmudova
Executive Vice President, Growth & Innovation
28 Danone 2019 29Growing with
purpose
At Danone, we believe that combining economic success with positive SGM:
social and environmental impact is essential to create sustainable HELPING TO TACKLE
value for all. Our purpose-led Manifesto brands sit at the heart of our MALNUTRITION IN BONAFONT:
‘One Planet. One Health’ vision. Driving change on topics that really INDONESIA CELEBRATING
matter to people, they play a key role in accelerating the food revolution Building on its mission to promote children’s health, our
and create a competitive advantage, as 64% of consumers choose,
SGM brand is helping to tackle nutritional deficiencies
that hinder child growth and development in Indonesia,
WOMEN’S
switch or avoid a brand based on its stand on social issues.(1) where 37% of children under five suffer from stunting (1).
In 2019, SGM set up the Aksi Nutrisi Generasi Maju EMPOWERMENT
program in West Java, collaborating with the Indonesian
In 2019, Bonafont built on its 25-year commitment to
government, NGOs, healthcare professionals and
empower Mexican women by encouraging men to celebrate
canteen operators to champion better nutrition for school
this cause through a major nationwide campaign: ‘A tu
children. It also partnered with e-retailer Lazada (2)
manera’. In addition, Carrera Bonafont 5K, the world’s largest
to raise awareness of the importance of good nutrition
women’s running race, celebrated its 15th anniversary on
locally, inviting parents to make a digital pledge for
International Women’s Day. Some 70,000 women took part
a healthier generation. The campaign generated
PROMOTING 20 million interactions and an exceptional engagement
rate (20%), highlighting the potential of our Manifesto
in support of our gender equality partnership with UN Women.
Bonafont’s efforts have raised awareness of gender equality
in Mexico, inspiring more partners to join the cause.
TRANSPARENCY TO INSPIRE brands to improve lives.
HEALTHIER CHOICES
We strive to empower employees and consumers to lead healthier lives
while creating shared value for our business and local communities. HORIZON ORGANIC:
We are promoting transparency and helping people to make informed
choices, for instance, by adding the B CorpTM logo or the Nutri-Score label
LEADING THE WAY
to some of our product packaging in several countries. This is also the aim IN ORGANIC DAIRY
of Collaboration for Healthier Lives, a project we are co-creating with As organic pioneers and the largest organic dairy brand in the
the Consumer Goods Forum and more than 100 partners in 10 cities world, Horizon Organic is helping to lead the way in responsible
worldwide to encourage healthier eating and drinking habits. For example, dairy in the U.S. We work closely with farmers to prioritize
in the London boroughs of Southwark and Lambeth, Danone and retailer animal welfare, promoting healthy, stress-free environments,
Tesco have joined forces with key stakeholders to launch healthy eating grazing in open pastures and all-organic diets. To protect the
campaigns in stores and encourage change in consumers’ behavior. environment, Horizon Organic also helps its farmer partners
to improve the soil, while offsetting 100% of the electricity
used to make its products with renewable energy credits.
Customers tell us they want to eat more Already B CorpTM certified, Horizon Organic has recently
healthily and would like retailers and committed to become carbon positive across its full
supply chain by 2025.
manufacturers to help. At Tesco, we believe
we can be more effective by collaborating I’m proud to have contributed
with our supplier partners to develop to creating a market for organic
initiatives helping customers to understand, find
dairy products in the U.S. and remain
and choose healthier options.
committed to improving agriculture.
Dave Lewis,
CEO, Tesco Mark Retzloff,
Co-Founder, Horizon Organic
(1) Basic Health Research (Riskesdas) 2007.
(1) 2019 Edelman Trust Barometer Special Report. (2) Part of the Alibaba Group.
30 Danone 2019 31You can also read
