Nestlé and six other food companies have joined forces, through the Global Coalition for Animal Welfare, to advance welfare standards throughout the global food supply chain.
The global coalition is an industry-led collaboration uniting major companies and animal welfare experts to work towards improving standard for animals.
Other companies in the coalition include Unilever, Ikea Food Services, Aramark, Compass Group, Elior Group and Sodexo.
Nestlé hopes to accelerate the development of standards and progress on key welfare issues.
The global coalition aims to publish a collective action agenda in the first half of 2019, focusing on five priority work streams, including cage free policies and improved broiler chicken welfare.
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In 2017, Nestlé announced that it will only source cage free eggs for all its food products globally by 2025.
Ensuring decent farm animal welfare standard in the company’s supply chain us a key focus.
Nestlé’s half-year results have also been released. The results show increased momentum in the United States and China, as well as in infant nutrition.
There has been an organic growth of 2.8 per cent.
Total sales increased by 2.3 per cent, to 43.9 billion Swiss Francs (CHF), compared to the previous half-yearly results.
Earnings per share increased by 21.4 per cent to CHF 1.92 on a reported basis.
Free cash flow increased by 52 per cent, from CHF 1.9 billion to CHF 2.9 billion.
Nestlé CEO said Mark Schneider said the first half results confirmed that Nestlé’s strategic initiatives and rigorous execution were paying off.
“Nestlé has maintained the encouraging organic revenue growth momentum we saw at the beginning of the year. In particular, the United States and China markets showed a meaningful improvement. We were also pleased by the enhanced organic growth in our core infant nutrition category,” he said.
Looking towards the second half of 2018, there would be further improvement in organic revenue growth, he said.
“Margin improvement is expected to accelerate with further benefits from our efficiency programs and more favorable commodity pricing,” said Schneider.