NASHVILLE, Tenn., NEW YORK and PARIS, Nov. 17, 2016 /PRNewswire/ -- Tuesday at the Global Action Summit, hosted by Fareed Zakaria (CNN), Global Action Platform, in association with KPMG International presented the 2016 Global Shared Value Award to Danone.
The Global Shared Value Award recognizes and encourages corporations to address societal challenges through business strategy, that is, to create "shared value." The award promotes private sector engagement that improves the quality of life and builds prosperity for companies, individuals, and communities.
Danone's stated mission is to "bring health through food to as many people as possible." With sales of about €22B, Danone operates in 130 countries and employs approximately 100,000 people.
Factors leading to the selection of Danone by the independent Award panel include—creation of a €100M fund supporting local initiatives with positive ESG impacts; Nutricia Research programs that partner public/private/academic organizations in 55 countries for food/health innovations; and Danone's high ranking on environmental, health, nutrition, packaging, and water related risk management. Presenters also noted Danone's commitment to enable local cluster development through work with local farmers.
"For Danone, business is about value creation, in a way which goes beyond a traditional economic definition. Our belief is that long term, sustainable growth comes only through focusing on the benefits we can bring to the people, the cultures and the communities with whom we work," states Emmanuel Faber, CEO, Danone.
"Global Action Platform is honored to work with KPMG International in the presentation of this Award," states Dr. Scott T. Massey, Chairman/CEO. "Our international alliance of universities and businesses are working to create scalable, sustainable solutions for abundant food, health, and prosperity for every person; the Global Shared Value Award as an important way to advance these goals."
"KPMG International is excited to work with Global Action Platform to recognize excellence in creating shared value. Business has a critical role to play, in partnership with civil society, governments and the development community in working towards the achievement of the Sustainable Development Goals (SDGs)," said Timothy A.A. Stiles, Global Chair, International Development Assistance Services, and KPMG.