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The Challenges of Achieving Greater Transparency

Janet Voûte, vice president and global head of public affairs at Nestlé, writes about meeting the A+ requirements of the Global Reporting Initiative (GRI) for Nestlé's annual report on Creating Shared Value. Please refer to her full post here.

Excerpt from The challenges of achieving greater transparency by Janet Voûte:

At Nestlé we believe that actions speak louder than words. We have to deliver what we promise. We have to be transparent if we are to persuade our stakeholders, our partners, and our critics, that we are building our business in a long-term, sustainable way.

This month we’ve achieved a significant step towards greater transparency, receiving an A+ rating from the Global Reporting Initiative (GRI) for our annual report on Creating Shared Value. The GRI is the leading organisation in the field of non-financial reporting. It’s a non-profit organisation that promotes economic sustainability. It sets the standard for this kind of reporting and it’s tough. We are the first global food company to achieve the A+ rating.

So what does this mean? Take a look at our Creating Shared Value report. At Nestlé we believe that for a business to be successful over the long term it must create value for society as well as for its shareholders. We call this Creating Shared Value or CSV....Read the full post via Nestlé.