- Investors are pushing food manufacturing multinationals including Nestle S.A. NSRGY, Danone DANOY, Kraft Heinz Co KHC, and Kellogg Co K, to set out new disclosures and targets on well being, Financial Times reported.
- The move comes after Unilever Plc UL mentioned it would publish diet scores for its meals portfolio towards exterior metrics.
- The report noted that traders, along with the Authorized & Common Funding Administration and BMO International Asset Administration, have written to the boards of the businesses forward of their annual conferences, voicing shareholder concern about diet and weight problems.
- "Traders want corporations to make use of standardized well-being metrics to find out their publicity to regulatory threat and their relative place to rivals," the report quoted Ignacio Vazquez, senior supervisor at ShareAction.
- The push for meal manufacturers to refine their health credentials comes as governments globally tighten laws to curb weight problems.
- Price Action: K shares closed lower by 0.01% at $69.32 on Monday.
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.