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Tuesday May 20 2025

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    Supermarket food could soon carry eco-labels, says study

    The “Inflation Reduction Act” marks a new chapter for America’s climate policy. Pic: PA

    New US act encourages low-carbon purchases

    Economist chart: Sources: UN Comtrade; UN joint coordination centre; Ukrainian

    Nine cargo ships have left Ukraine

    Smog is so bad in Delhi at times that the government has closed elementary schools. Sajjad Hussain/AFP via Getty Images

    The UN just declared a universal human right to a healthy, sustainable environment

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    Hens fed insects to lay carbon-neutral eggs

    Oleksiy Vadatursky was worth $450m (£369m), according to a 2020 estimate by Forbes

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    General Assembly Meets on Peacebuilding and Human Rights. Photo by UN

    UN right to a healthy environment “is ammunition for campaigners”

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    Protests in Nairobi as Maasai activists deliver a petition to the Tanzania High Commission, in Kenya, 17 June 2022. EPA-EFE/Daniel Irungu

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    eco-labels

    Supermarket food could soon carry eco-labels, says study

    The “Inflation Reduction Act” marks a new chapter for America’s climate policy. Pic: PA

    New US act encourages low-carbon purchases

    Economist chart: Sources: UN Comtrade; UN joint coordination centre; Ukrainian

    Nine cargo ships have left Ukraine

    Indigenous communities are raising awareness about how the proposed lithium mine at Peehee Mu'huh (Thacker Pass), NV, will impact their ancestral burial grounds, water resources, and wildlife. Photo by Chanda Callao/ @Peopleofredmountain.

    Free, prior and informed consent required as clean energy threatens Indigenous Peoples

    Smog is so bad in Delhi at times that the government has closed elementary schools. Sajjad Hussain/AFP via Getty Images

    The UN just declared a universal human right to a healthy, sustainable environment

    carbon-neutral eggs

    Hens fed insects to lay carbon-neutral eggs

    Oleksiy Vadatursky was worth $450m (£369m), according to a 2020 estimate by Forbes

    Ukraine grain tycoon killed in Russian shelling

    General Assembly Meets on Peacebuilding and Human Rights. Photo by UN

    UN right to a healthy environment “is ammunition for campaigners”

    Grain exports

    Ukraine war: Grain exports could restart ‘within days’

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    eco-labels

    Supermarket food could soon carry eco-labels, says study

    The “Inflation Reduction Act” marks a new chapter for America’s climate policy. Pic: PA

    New US act encourages low-carbon purchases

    Economist chart: Sources: UN Comtrade; UN joint coordination centre; Ukrainian

    Nine cargo ships have left Ukraine

    Smog is so bad in Delhi at times that the government has closed elementary schools. Sajjad Hussain/AFP via Getty Images

    The UN just declared a universal human right to a healthy, sustainable environment

    carbon-neutral eggs

    Hens fed insects to lay carbon-neutral eggs

    Oleksiy Vadatursky was worth $450m (£369m), according to a 2020 estimate by Forbes

    Ukraine grain tycoon killed in Russian shelling

    General Assembly Meets on Peacebuilding and Human Rights. Photo by UN

    UN right to a healthy environment “is ammunition for campaigners”

    Grain exports

    Ukraine war: Grain exports could restart ‘within days’

    Protests in Nairobi as Maasai activists deliver a petition to the Tanzania High Commission, in Kenya, 17 June 2022. EPA-EFE/Daniel Irungu

    In northern Tanzania, the government is trying to evict thousands of Maasai

    Dr Roberto Mukaro Agüeibaná Borrero uses air quotes: “Indigenous people are being kicked out to ‘protect’ the animals and land”

    Indigenous Peoples side lined at UN, opening the door to land grabs under 30×30

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    eco-labels

    Supermarket food could soon carry eco-labels, says study

    The “Inflation Reduction Act” marks a new chapter for America’s climate policy. Pic: PA

    New US act encourages low-carbon purchases

    Economist chart: Sources: UN Comtrade; UN joint coordination centre; Ukrainian

    Nine cargo ships have left Ukraine

    Indigenous communities are raising awareness about how the proposed lithium mine at Peehee Mu'huh (Thacker Pass), NV, will impact their ancestral burial grounds, water resources, and wildlife. Photo by Chanda Callao/ @Peopleofredmountain.

    Free, prior and informed consent required as clean energy threatens Indigenous Peoples

    Smog is so bad in Delhi at times that the government has closed elementary schools. Sajjad Hussain/AFP via Getty Images

    The UN just declared a universal human right to a healthy, sustainable environment

    carbon-neutral eggs

    Hens fed insects to lay carbon-neutral eggs

    Oleksiy Vadatursky was worth $450m (£369m), according to a 2020 estimate by Forbes

    Ukraine grain tycoon killed in Russian shelling

    General Assembly Meets on Peacebuilding and Human Rights. Photo by UN

    UN right to a healthy environment “is ammunition for campaigners”

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    Ukraine war: Grain exports could restart ‘within days’

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Home Sectors Business

Danone is “unable to predict” the impact of Covid-19

CEO said: just get through the next 10 days

April 27, 2020
in Business, Society, In the news, Economy, Sustainability, Rights
0
How Danone kept making yoghurt in the pandemic

Work at Danone factories has also been altered by social-distancing. Pic: FT

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The Financial Times has featured Danone in a series on how companies are grappling with the consequences of coronavirus.

Danone chief executive Emmanuel Faber told his executive committee to narrow their focus, “Forget the three-year plan. It doesn’t exist any more. Just get through the next 10 days, then the next month, and so on.”

For all the adaptation of the last few weeks, the hundreds of subtle changes, there is no end in sight. Danone last week postponed the decision on paying a dividend and scrapped profit forecasts. It has raised €800m in a bond issue to push out maturity on its €12.8bn of net debt.

Although it said last week that it had benefited from a first-quarter boost in sales due to “pantry loading” in Europe and North America, Danone made a stark admission that it was now “unable to predict” how Covid-19 would affect its ability to supply products and the demand for them.

Danone’s roots stretch back to the 1920s. It was famously an acquisition target for Pepsi in 2005, until the French government declared Danone a national strategic asset. Today its €25bn of annual sales place it slightly ahead of Kraft Heinz and Mondelez.

Danone has been known for “responsible capitalism” since 1968 when its then-CEO laid out a dual commitment to business and social progress. Mr Faber, a vegetarian, environmentalist and avid mountain climber, is still wedded to that ethos.

As he navigated the recent uncertainty from his home office, Mr Faber took inspiration from his hobby of mountaineering. “My climbing gear and ropes are less than two metres away from my desk,” he said. “On a difficult and foggy route . . . never lose the orientation to the summit, and pay attention to your buddy’s energy level.”

The full article is here.

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