Our Corporate Business Principles
Our Corporate Business Principles: Foundation of Creating Shared Value
It is essential that we build our business on clear principles and sound governance. The Nestlé Corporate Business Principles rule the way we do business and form the basis of our culture and values. The 10 principles, which provide the foundations for our commitments and our Creating Shared Value strategy, incorporate the 10 United Nation Global Compact (UNGC)* Principles and are divided into five areas: consumers, human rights and labour practices, our people, suppliers and customers, and the environment.
Why are they important?
We believe that it’s essential to have clear principles and values that are built upon respect for our consumers, our people, suppliers, customers and the environment, and a strong compliance culture that is fully embedded in our business. Demonstrating our adherence builds trust among our stakeholders,ensuring they have confidence in the Nestlé brand and what it stands for,both now and in the future.
* The UN Global Compact asks companies to embrace universal principles and to partner with the United Nations. It has grown to become a critical platform for the United Nations to engage effectively with enlightened global business.
How are they applied?
All our employees are required to comply with Nestlé’s Corporate Business Principles and we continuously monitor their application and effectiveness. Our principles are implemented through relevant business codes, policies, processes and tools, which have been developed to ensure they are practiced every single day, across the Company. We set high standards, always following the Nestlé Corporate Business Principles wherever we operate – even if local laws are more lenient or non-existent.
The Nestlé Corporate Business Principles
The diagram below gives an overview of the 10 Nestlé Corporate Business Principles and what we want to achieve through them.
|Consumers||1||Nutrition, Health and Wellness||We aim to enhance the quality of consumers’ lives by offering tastier, healthier food and drinks and encouraging a healthy lifestyle.|
|2||Quality assurance and product safety||We want to ensure that, everywhere in the world, the Nestlé name represents the highest levels of product safety and quality.|
|3||Consumer communication||We are committed to responsible, reliable communication that informs consumers, promotes healthier diets. We respect consumer privacy.|
|Human rights and labour practices||4||Human rights in our business activities||We fully support the United Nations Global Compact (UNGC) guiding principles on human rights and labour, and aim to set an example of good human rights and labour practices throughout our business activities.|
|Our people||5||Leadership and personal responsibility||While fostering a culture of respect and dignity, we provide our people with equal opportunities for development, protect their privacy and do not tolerate any form of harassment or discrimination against them. At the same time, we expect our employees to be responsible, motivated, and to respect our values.|
|6||Safety and health at work||We are committed to preventing work-related accidents, injuries and illnesses, and to protecting employees, contractors and others involved along the value chain.|
|7||Supplier and customer relations||We require our suppliers, agents, subcontractors and their employees to demonstrate honesty, integrity and fairness, and to adhere to our non-negotiable standards.|
|Suppliers and customers||8||Agriculture and rural development||We aim to help rural communities become more environmentally sustainable by contributing to improvements in agricultural production and the social and economic status of farmers.|
|9||Environmental sustainability||We are committed to environmentally sustainable business practices and strive to use natural resources efficiently, achieve zero waste and use sustainably managed renewable resources.|
|The environment||10||Water||The world faces a growing water challenge, and we are committed to using water sustainably and improving our water management.|