The Impaakt Team
7 min Read Time | October 8th 2021
Welcome to the article of the week, highlighting the environmental and social impact of a company through a recently published article on the Impaakt platform. Every article measures how sustainable a business really is, ultimately looking at their core impact.
The winner this week is:
Written by: Soumya K
Company: Nestlé
SDG 3: Good Health and Well-being
Read the full article below.
Essential nutrients play an important role in the development of a person's mental and physical state1. Poor diet may also have an impact on bone mass, muscle response time, and problem-solving ability2. Consuming nutritional food products and taking medical supplements for deficiencies like iron, vitamins, etc. as per the advice of a medical professional can reduce the risk of chronic diseases3. Chronic diseases are responsible for 41 million (M) deaths each year that account for 71% of all global deaths4. Diseases like obesity, cancer, diabetes, etc. can be avoided when intervened with a healthy diet4.
Nestlé Health Science (NHS), a Switzerland-based company, develops & sells tailored nutritional food products for consumer health, supplements & medical nutrition to its customers5 in around 140 countries6. The total sales of the NHS accounted for 14% of the company’s sales in 20207. The US is Nestle's largest market7. The products are sold through retail, pharmacy chains & prescription by healthcare professionals in institutions6. Through these products, the NHS aims to fight chronic diseases like obesity, malnutrition, diabetes, gastrointestinal diseases, allergies, metabolic-related diseases, cancer, and aging-related diseases5. Nestle also sells products for pediatric care, critical surgery care, brain health, etc5.
An example of Nestle’s Health Science products is their infant formula, which provides the right nutrients during the growth phase of the child8. In 2017, 2.44 billion tonnes (bn t) of infant formula was produced globally9;p1. In 2018, Nestle’s market share in instant formula was 20%10;p3 and half of the infant nutrition sales were in Africa, Asia, and Australia10;p3-5. Thus, roughly 244Mt (2.44bnt of infant formula*20% market share*50% infant nutrition sales) of infant formula was sold by Nestle in these regions.
NHS, through its versatile nutritional food products and medical nutrition, is preventing chronic diseases and malnutrition globally.
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