Nestlé has published its latest Creating Shared Value (CSV) Report, which, this year, focuses on the company's contributions toward rural development. The report analyses the global challenges and opportunities with regard to food security, the impact of Nestlé's 440+ factories – the majority of which are located in rural areas – as well as its farmer programmes that positively affect over 550,000 farmers directly. Some of the highlights for 2010 were the USD 45 million in financial assistance Nestlé provided to farmers and the training of over 165,000 farmers through capacity-building programmes. In addition to the CHF 200 million invested in coffee projects over the past 15 years, Nestlé will be investing a further CHF 500 million in sustainable coffee sourcing and production through The Nescafé Plan, which was launched last year. The report also examines Nestlé's actions in the areas of water and nutrition and outlines the company’s progress against key performance indicators (KPIs) across its value chain, including the actions it has taken to address the key challenges facing its business, such as child labour in agriculture, palm oil and deforestation. The report, available both as a summary and as a full online report can be accessed online atwww.nestle.com/csv
Nestlé Prize in Creating Shared Value
The Nestlé Prize in Creating Shared Value is awarded in alternate years to an individual, a non-government organisation (NGO) or a small business to reward an outstanding innovation or project in the area of water, nutrition or rural development.
The 2012 Nestlé CSV Prize nomination period is running from 11 February to 30 June 2011. Find out more about the nomination process and conditions to apply.
The Nestlé CSV Prize commits to the Prize Laureate an investment of up to CHF 500 000 (approximately, USD 480 000) for a specified period of time to assist in the development of the innovation and bring it to scale. This is what makes the Nestlé Prize unique: a financial commitment over a period of time to ensure long-term success.
The first Nestlé Prize in Creating Shared Value was awarded in May 2010 to International Development Enterprises (IDE) Cambodia for a project improving agricultural productivity and income among rural Cambodian population.
The Prize Laureate is selected by the Nestlé Creating Shared Value Advisory Board, an independent body comprised of internationally recognised experts in corporate strategy, nutrition, water and rural development.
or contact us at: CSVPrize@nestle.com.