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Global food giant’s dark secrets leaked, impacting your health

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Global food giant Nestle is developing a new nutrition strategy after a leaked internal document shows most of its food and drinks are unhealthy.

An internal presentation circulated among top executives earlier this year revealed more than 60 percent of Nestle’s mainstream food and drinks portfolio didn’t meet “recognised definition of health”.

The document stated that “some [Nestle] categories and products will never be ‘healthy’ no matter how much we renovate”.

The presentation, seen by the Financial Times, revealed that only 37 percent of Nestle’s food and beverages by revenues (not including products such as pet food, baby food and specialised medical nutrition) achieved a rating of over 3.5 under Australia’s five-star health rating system. 

Nestlé, the maker of KitKats, Maggi Noodles and Nescafé, describes the 3.5 star threshold as a “recognised definition of health”. This system scores foods out of five stars and is used in research by international groups such as the Access to Nutrition Foundation.

The Alarming Results

Within its overall food and drink portfolio, approximately 70 percent of Nestlé’s food products failed to meet that threshold, the presentation said, along with 96 percent of beverages — excluding pure coffee — and 99 percent of Nestlé’s confectionery and ice cream portfolio.

Water and dairy products scored better, with 82 percent of waters and 60 percent of dairy meeting the threshold.

“We have made significant improvements to our products [but] our portfolio still underperforms against external definitions of health in a landscape where regulatory pressure and consumer demands are skyrocketing,”

the presentation stated.

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Money

Tesla shareholders approve historic $56B Elon Musk pay package

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Tesla shareholders have voted to approve Elon Musk’s unprecedented $56 billion compensation package, underscoring their confidence in his leadership and vision for the electric car company.

The package, which is tied to ambitious performance targets, includes a mix of stock options and bonuses contingent upon Tesla’s financial and operational milestones over the next decade.

As reported by Reuters, the approval underscores the support that Musk enjoys from Tesla’s retail investor base, many of whom are vocal fans of the mercurial billionaire.

The proposal passed despite opposition from some large institutional investors and proxy firms.

#featured

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Money

Rich listers secret’s: how billionaires build their wealth

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Australian billionaires, including Gina Rinehart, have built their wealth by investing in valuable, income-generating assets.

For the average person looking to build their wealth, one possible option could be to buy quality assets like stocks when the market dips.

Mark Wyld from MW Wealth joins to discuss. #featured #trending #wyld money

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Buyer’s agent unveils key to building wealth through property

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Unveiling the strategies for game-changing wealth building through property.

Wyld Money dives into the world of financial freedom. Whether you’re a seasoned investor or just getting started, join us for actionable tips and tricks to unlock your earning potential, and retire on your own terms.

In this episode, Mark is joined by Buyers Agent, Jack Henderson from Henderson Advocates. #trending #wyld money

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