Save the Children's 2006 report A Generation On: Baby milk marketing still putting children's lives at risk states: «In 2003,
the ethical investment index FTSE4Good developed criteria to determine whether or not baby food companies should be included in the index.
I am also speaking on infant nutrition [following Camille Seleger of IBFAN - GIFA], but it is very relevant given what we have just heard from the board [Nestlé Nutrition Head cited Nestlé inclusion in FTSE4Good
ethical investment index and Nestlé's promotion of breastfeeding in its first 1000 days campaigns].
This step backwards came about as Nestlé was applying for inclusion in the FTSE4Good
ethical investment index, which assesses companies against their own policies, rather than World Health Assembly marketing requirements.
Nestlé also highlighted its inclusion in the FTSE4Good
ethical investment index, failing to mention that this does not require companies to abide by the World Health Assembly marketing requirements.
Danone announced on 7 June that it will be added to FTSE's
ethical investment index, FTSE4Good.
Nestlé boasts of its inclusion in the FTSE4Good
ethical investment index, while dismissing 90 % of the violations in the Breaking the Rules 2014 report.
The FTSE4Good
ethical investment index is run by the stock exchange listing company FTSE and Nestlé did not meet the Breastmilk Substitutes criteria for inclusion.
Nestlé makes much in its Creating Shared Value report about it being included in the FTSE4Good
ethical investment index.
In fact, Nestlé weakened its policies further in 2011 prior to being included in the FTSE4Good
ethical investment index (demonstrating how this initiative drives down standards — see below).
«Nestlé cites its inclusion in the FTSE4Good
ethical investment index to divert criticism of its marketing practices, without revealing that it actually weakened its own marketing policy prior to inclusion.
The JACEI report praises Nestlé for being the first company to meet the breastmilk substitutes criteria to be included in the FTSE4Good
ethical investment Index, yet there is a significant conflict of interest involved as the Church Central Finance Board (CFB), which decided to invest in Nestlé in 2007, sits on the FTSE4Good committee responsible for assessing Nestlé's baby milk marketing and advising on the criteria.
This refers to the FTSE4Good
ethical investment index.
Baby Milk Action was not contacted for information for the JACEI report, but the CFB would be aware of the evidence of malpractice we provide to the FTSE4Good committee of which it is a member; our calls for Nestlé be excluded from
this ethical investment index have so far been rejected.
The draft response credits the investment with prompting Nestlé to engage with the FTSE4Good
ethical investment index — without pointing out that Nestlé weakened its baby milk policies prior to being included.
Not exact matches
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