What is the corporate social responsibility of Nestle?
What is the corporate social responsibility of Nestle?
We care deeply for Filipino families and communities, and we will live up to their trust by doing our part to help, including sharing our products with those who need them most,” said Nestlé Philippines Chairman and CEO Kais Marzouki.
What is the social responsibility of India?
On April 1, 2014, India became the first country to legally mandate corporate social responsibility. The new rules in Section 135 of India’s Companies Act make it mandatory for companies of a certain turnover and profitability to spend two percent of their average net profit for the past three years on CSR.
Why is Nestle socially irresponsible?
The company was criticized particularly for its promotions which implied that women in westernized countries routinely used the formula as a substitute for mother’s milk. This type of promotion was in violation of the ‘International Code of Marketing Breast-Milk Substitutes’ of the WHO /UNICEF…
What are the CSR activities of Nestle India?
Nestle India has to focus its CSR activities majorly on nutrition, water and sanitation, and rural development. This, however, is not an exhaustive list and the Company keeps coming up with innovative and situation-specific ideas, examples of which have been elaborately mentioned below.
How much did Nestle spend on Corporate Social Responsibility in 2018-19?
These areas are mapped with the activities as prescribed in Schedule VII to the Companies Act, 2013. Nestle India Limited spent more than the prescribed 2% in corporate social responsibility programs in the financial year 2018-19.
What is the role of nutritionnestlé India Limited?
Nestlé India Limited (the ‘Company’) is a leading Nutrition, Health and Wellness Company. As a responsible Company, it has since its inception, participated in business activities which help in improving the quality of life for the communities where it operates. This also includes creating better livelihood opportunities.
Which companies in India spent more than 2% in corporate social responsibility?
Nestle India Limited spent more than the prescribed 2% in corporate social responsibility programs in the financial year 2018-19. While the prescribed CSR expenditure as per Section 135 of the Companies Act, 2013 was 38.07 crore rupees, actual CSR spend during the year amounted to INR 38.31 crores.
