Nestle admits its food portfolio unhealthy
Nestle is the maker of popular food items such as Maggi noodles, KitKat chocolate and Nescafe.
Nestle, the Swiss FMCG major, has said that it is reviewing its entire portfolio to update the nutrition and health strategy. The development comes days after a report in Financial Times claimed the majority of Nestlé’s mainstream food and drinks portfolio failed to meet recognised standards of health and nutrition.
The world’s largest food company, Nestle, has acknowledged that more than 60 per cent of its mainstream food and drinks products do not meet a “recognised definition of health and that some of our categories and products will never be healthy’ no matter how much we renovate”, the Financial Times report said quoting a Nestle document.
A presentation circulated among top executives this year, seen by the Financial Times, said that only 37 per cent of Nestle’s food and beverages by revenues, excluding products such as pet food and specialised medical nutrition, achieve a rating above 3.5 under Australia’s health star rating system., the Financial Times reported.
Some 70 per cent of its food products failed to meet the mark, along with 96 per cent of its beverages, excluding pure coffee. As much as 99 per cent of its confectionary and ice cream portfolio also failed to meet the standard.
