Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Swiss Exchange  >  Nestlé S.A.    NESN   CH0038863350

NESTLÉ S.A.

(NESN)
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Nestle Waters teams up with Ocean Legacy for plastic waste cleanup

share with twitter share with LinkedIn share with facebook
share via e-mail
0
07/08/2019 | 10:43am EDT
A sign is pictured at Nestle Waters in Henniez

PARIS (Reuters) - Nestle's bottled water division Nestle Waters, owner of Perrier and Vittel, said it would team up with Canada's Ocean Legacy Foundation to help to clean up plastic pollution.

Consumer goods companies, such as Nestle, are under pressure to do more to reduce the waste their business generates as consumers become increasingly aware of the damaging impact of plastic that ends up in landfill and oceans.

Many of them, including Nestle and French peer Danone, have made voluntary pledges to make all of their plastic packaging reusable, recyclable or compostable by 2025.

But environmental groups say the key to reducing plastic pollution is prevention, notably through the introduction of bottle deposits.

Non-profit group Ocean Legacy Foundation fights plastic ocean pollution with clean-up expeditions, land-based plastic collection, recycling, education and pollution hot-spot mapping.

Paris-based Nestle Waters will work with Ocean Legacy to support clean-up projects for communities around the world, including education and infrastructure, Nestle Waters Head of Sustainability Carlo Galli said in a statement.

But Thibault Turchet, with environmental campaigning group Zero Waste France, said of the Nestle alliance with Ocean Legacy that it would be better for Nestle and other large plastic waste producers to return to bottling drinks in glass and cut down on plastic packaging that is unrecyclable.

"They send organisations to work on beach cleaning and education, but they don’t work on prevention and waste production," Thibault said.

Nestle Waters said that 20% of the water it sells globally is already packaged in returnable and refillable bottles and that a further 2% is sold in returnable and refillable glass for the hotel and restaurant trade.

"We are continually testing and developing viable alternatives, such as biodegradable and bio-based materials, glass, aluminium and carton packaging," a Nestle Waters spokeswoman said.

In early 2020, Nestle Waters will also launch new high-tech water dispensers, allowing consumers to fill their own reusable bottles. It also works with local governments and communities to develop PET (plastic) collection adapted to each country.

The Nestle Waters partnership with Ocean Legacy involves an undisclosed yearly funding agreement, initially for five years.

The programme will also include tools and education materials to help communities in creating new products and value from the waste collected during the cleanups.

(Reporting by Dominique Vidalon and Forrest Crellin; Editing by Geert De Clercq and Jane Merriman)

By Dominique Vidalon and Forrest Crellin

Stocks mentioned in the article
ChangeLast1st jan.
DANONE 0.45% 80.78 Real-time Quote.30.94%
LME ALUMINIUM CASH 0.40% 1762.5 End-of-day quote.-5.14%
NESTLÉ S.A. 0.15% 109.28 Delayed Quote.35.04%
ON THE BEACH GROUP PLC 0.81% 371.4 Delayed Quote.9.64%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on NESTLÉ S.A.
08/19Plant-based meat alternatives crowd U.S. grocery stores
RE
08/16NESTLE PAKISTAN : Board of directors meeting of Nestle Pakistan Limited
AQ
08/12NESTLE S A : Nespresso takes recycling up a gear with coffee capsule bike
PU
08/09NESTLE S A : Nestlé launches new Nesquik All Natural Porridge
PU
08/08NESTLE S A : launches plant-based coffee lattes
AQ
08/08NESTLE S A : starts selling Starbucks-branded coffee in China
RE
08/07Britain would face food shortages in no-deal Brexit, industry body says
RE
08/07NEWS HIGHLIGHTS : Top Company News of the Day
DJ
08/06THE VALUE PLAN : How to Create Future-Proof Products & Services
AQ
08/05NESTLE S A : reports half-year results for 2019
AQ
More news
Financials (CHF)
Sales 2019 94 207 M
EBIT 2019 16 636 M
Net income 2019 12 474 M
Debt 2019 31 158 M
Yield 2019 2,47%
P/E ratio 2019 25,8x
P/E ratio 2020 24,4x
EV / Sales2019 3,67x
EV / Sales2020 3,58x
Capitalization 315 B
Chart NESTLÉ S.A.
Duration : Period :
Nestlé S.A. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends NESTLÉ S.A.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 27
Average target price 109,38  CHF
Last Close Price 109,08  CHF
Spread / Highest target 11,8%
Spread / Average Target 0,28%
Spread / Lowest Target -19,3%
EPS Revisions
Managers
NameTitle
Ulf Mark Schneider Chief Executive Officer & Director
jeff hamilton President
Paul Bulcke Chairman
Magdi Batato Executive Vice President-Operations
François-Xavier Michel Marie Roger Chief Financial Officer & Executive Vice President
Sector and Competitors
1st jan.Capitalization (M$)
NESTLÉ S.A.35.04%321 093
MONDELEZ INTERNATIONAL36.30%78 684
DANONE30.94%57 880
GENERAL MILLS41.76%33 313
THE HERSHEY COMPANY47.20%33 065
THE KRAFT HEINZ COMPANY-40.26%31 366