From version < 7.13 >
edited by Md. Touhidul Islam
on 2022/06/21 02:35
To version < 7.15 >
edited by Md. Touhidul Islam
on 2022/06/21 02:37
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310 310  
311 311  The company’s effort to be environment-friendly has resulted into 4.0 million tonnes of greenhouse gas emissions reductions (CO,,2,,e) since 2018, 97.2% of its supply chains are deforestation-free, and the company has reduced virgin plastic packaging by 8.1% since 2018. To ensure gender equality, the company has 27.2% women in the top 200+ senior executive positions.
312 312  
313 -= Financial Performance =
313 += Financial Performance  =
314 314  
315 315  The financial year of Nestlé ends on December 31 of the respective year. Gross sales of the company during 2021 have grown by 3.25% - reported sales in 2021 is 87,088 million CHF and in 2020 84,343 million CHF. The company has reported trading operating of CHF 12,159 million which was CHF 14,233 million a year earlier. This slide in trading profit is a resultant of a spike in ‘other trading expenses’ head, which has increased almost three-fold from CHF 908 million to CHF 3,131 million. Operating profit reported in 2021 is CHF 11,679 million in place of CHF 14,796 million a year earlier. The drop is a carry forward from the trading operating profit and sent down farther by a slide in other operating income. In 2020, the other operating income reported was CHF 1,919 million but in 2021, it was almost three-fold down to CHF 698 million only.
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336 336  |Debt to Total Asset|0.33|0.31
337 337  |Current Ratio|0.98|0.86
338 338  
339 +== Stock Market Facts ==
339 339  
341 +Nestlé S.A., the parent company of Nestlé Group, is listed at SIX Swiss Exchange. Each share of the company has been trading for CHF 106.60 as on 17 June, 2022. Since the last 1 year till this date, the stock of the company has changed by negative 16.35%.
340 340  
343 +Trading symbol of the stock is NESN.{{footnote}}https://www.six-group.com/en/products-services/the-swiss-stock-exchange/market-data/shares/share-explorer/share-details.CH0038863350CHF4.html#/share-details{{/footnote}} Nominal value per share of the company is 0.10 CHF. Number of shares in the issue is 2,815,000,000, thus, share capital of the company is CHF 281,500,000.
341 341  
345 +The company has declared dividend of CHF 2.80 per share in 2022, CHF 2.75 per share in 2021, CHF 2.70 in 2020, CHF 2.45 in 2019 and so on.
346 +
347 += Controversies =
348 +
349 +== Baby formula and boycott ==
350 +
351 +In the 1990s, Nestlé pushed their breastfeeding formula in the least developed countries in a way that would seem that their formula is almost as good as mother’s milk. This aggressive marketing targeting the poor is criticised for its unethical intentions.
352 +
353 +== Nestlé and water crisis in California and elsewhere ==
354 +
355 +Nestlé has been sourcing its water from San Bernardino National Forest, California without permit. While California is facing severe droughts and a receded ground water, this company is using around 1 billion gallons of water according to an independent analysis.
356 +
357 +In a small Pakistani community of Bhati Dilwan, the children were catching diseases due to filthy water. A former village councillor commented that the bottled water maker Nestlé is to blame. The company dug a deep well, and thus deprived the locals of potable water.
358 +
359 +Apart from allegations about using the limited ground water in an unthrifty way, the company was sued for bottling only tap-water but labelling and market them as processed mineral water.
360 +
361 +== Child labour, abuse and trafficking ==
362 +
363 +The chocolate industry depends on the cocoa plants mostly grown in Africa. In the supply chain of Cocoa, allegedly child labour, abuse and trafficking of children exist. In a 2010 documentary film styled ‘The Dark Side of Chocolate’{{footnote}}https://www.youtube.com/watch?v=7Vfbv6hNeng{{/footnote}},
364 +
365 +child labour and abuses were found. The children are usually 12 to 15 years old, and some are trafficked from nearby countries – and Nestlé is no stranger to this practice. In 2005, the cocoa industry was under the spotlight for the first time and International Labour Rights Fund filed a lawsuit against Nestlé among others. Though Nestlé is not directly legally bound to this allegation, they are ethically liable and liable of creating more demand for chocolates and not raising its voice against child labour.
366 +
367 +== Health threats ==
368 +
369 +In July 2009, Food and Drug Administration (FDA) and Centers for Disease Control and Prevention (CDC) warned consumers to avoid eating any varieties of prepackaged Nestle Toll House refrigerated cookie dough due to risk of contamination with E. coli O157:H7 (a foodborne bacterium that causes illness). In the US, it caused sickness in more than 50 people in 30 states, half of whom required hospitalization.
370 +
371 +
342 342  {{putFootnotes/}}
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