Press Release: Nestle: Debating development: 2013 Creating Shared Value Forum

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   October 29, 2013 06:01 ET (10:01 GMT)- - 06 01 AM EDT 10-29-13

-2 of 2- 29 Oct 2013 10:01:00 UTC  Press Release: Nestle: Debating development: 2013 Creating Shared Value Forum

Nestlé S.A. / Debating development: 2013 Creating Shared Value Forum . Processed and transmitted by Thomson Reuters ONE. The issuer is solely responsible for the content of this announcement.

The fifth edition of the Nestlé Creating Shared Value Forum http://www.nestle.com/media/mediaeventscalendar/allevents/creating-shared-value-forum-2013 has ended after a day of lively debate on the role of business in promoting development.

The event was opened by the Colombian President, Juan Manuel Santos and First Lady, María Clemencia Rodríguez de Santos.

It was co-hosted by the Inter-American Development Bank (IDB), and took place in the Colombian city of Cartagena, after editions in New York, London, Washington DC and New Delhi.

Perfect fit

President Santos thanked Nestlé and the IDB for having selected Colombia to host the event.

"The concept of shared value is the perfect fit for what we are trying to achieve in Colombia," he said.

"Taking people out of poverty is a very important goal for us. This is where CSV comes into play.by creating synergies between the private and public sector."

Live webcast

More than 350 people, including dozens of leading international experts from industry, academia, the government and civil society, , took part in the discussions, which were broadcast via a live webcast.

The themes were nutrition, water and rural development - which lie at the heart of Nestlé's Creating Shared Value business model.

Nestlé believes that for a company to be successful over time and create value for shareholders, it must also create value for society.

Those present discussed the links between a healthy economy and a healthy society and how the food industry can be play its part in solving childhood obesity.

Milk and microfinance

Nestlé Chairman, Peter Brabeck, said the volume of interest in the forum confirmed that the idea of Creating Shared Value could be an immensely relevant concept for Latin America.

The Creating Shared Value model, he said, was born out of Nestlé's experience of working with farmers in rural communities.

Nestlé has been developing milk districts for over 90 years in Latin America. Today, in Caquetá, Colombia, some 35,000 dairy farmers take their milk to a plant the company set up in the town of Florencia almost four decades ago.

Mr Brabeck stressed that Nestlé does not only collect milk, but trains thousands of farmers and provides microfinance loans to help improve their productivity

The Creating Shared Value model, he said, is an open one that can be applied to "business and stakeholders in every corner of the world."

Related information:

Creating Shared Value Forum 2013

http://www.nestle.com/media/mediaeventscalendar/allevents/creating-shared-value-forum-2013

Inter-American Development Bank

http://www.iadb.org/en/inter-american-development-bank%2c2837.html

Creating Shared Value

http://www.nestle.com/csv

Nestlé and rural development

http://www.nestle.com/csv/rural-development/farmers

Creating Shared Value 2012 Report

http://www.nestle.com/asset-library/documents/library/documents/corporate_social_responsibility/nestle-csv-summary-report-2012-en.pdf

Media enquiries

Tel: +41 21 924 2200

Email: Nestlé Corporate Media Relations mailto:mediarelations@nestle.com

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Source: Nestlé S.A. via Thomson Reuters ONE

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   October 29, 2013 06:01 ET (10:01 GMT)- - 06 01 AM EDT 10-29-13