Deliver superior sustainable profitable growth

Deliver superior sustainable profitable growth

Our ambition is to be the best at embracing the food revolution. We build on a unique health-focused product offering in some of the fastest growing categories, responding to today’s and tomorrow’s eating and drinking trends. We want to embed Environmental, Social and Governance performance as key financial competitive advantage, pioneering new initiatives that have positive impact and contribute to drive sustainable value. And we build on a strong strategic roadmap around three priorities: accelerate growth, maximize efficiencies and allocate resource with discipline. 

Our ambition is to be the best at embracing the food revolution. We build on a unique health-focused product offering in some of the fastest growing categories, responding to today’s and tomorrow’s eating and drinking trends. We want to embed Environmental, Social and Governance performance as key financial competitive advantage, pioneering new initiatives that have positive impact and contribute to drive sustainable value. And we build on a strong strategic roadmap around three priorities: accelerate growth, maximize efficiencies and allocate resource with discipline. 

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OUR 2018 PERFORMANCE

 

 

 

For more information on our financial results please refer to Financial Performance section.

 

On February 12th, 2018, Danone amended its €2 billion syndicated credit facility, to include global environmental and social criteria directly impacting, upwards or downwards, the margin payable to its banks over the entire duration of the facility:

  • Danone’s syndicated facility now includes an innovative mechanism of payable margin adjustment, reviewed at least once a year, based on Environmental, Social and Governance (ESG) criteria provided by third parties.
  • Criteria considered are the scores granted to Danone by two ESG agencies, Sustainalytics and Vigeo Eiris, and the percentage of consolidated sales of Danone covered by B CorpTM certifications. 
  • The maturity of this renewed credit facility is 5 years with two potential 1-year extensions.

 

For more information on Sustainalytics and Vigeo Eiris, please refer to the External Evaluation section.

 

For more information on B Lab© and the B CorpTM certification, please refer to Be certified as a B Corp section.

 

In March 2018, Danone announced the successful launch of a €300 million bond to finance and refinance projects that include positive social impacts. This innovative Social Bond is the first to be issued by a multinational aligned with the new Social Bond Principles, as set out in June 2017 by the International Capital Market Association.

 

This pioneering bond issuance continues to support Danone’s long-term ambition to lead the way in creating and sharing sustainable value. It attracted significant appetite from investors focused on ESG and was subscribed at attractive market conditions.

 

Proceeds are allocated to projects with positive social impact within Danone’s ecosystem, including:

  • Research and Innovation for Advanced Medical Nutrition
  • Social inclusiveness projects in our value chain
  • Responsible farming and agriculture program
  • Entrepreneurship financing
  • Quality healthcare and parental support for Danone's employees

 

The bond issue consists of a €300 million euro-denominated senior note with a 7-year maturity and offering a 1.00% coupon, due March 2025. The settlement took place on March 26, 2018 and the bond is listed on Euronext Paris.

 

Vigeo Eiris, an ESG rating agency, has delivered an independent second opinion on the sustainability credentials and management of this social bond (available here).

 

For more information on our social bond, refer to Danone Social Bond Framework and to our Social Bond Reporting.

 

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