IBFAN Brief Bulletins...

 

 

Code violators such as Nestlé excluded from FTSE4Good ethical investment index.

 

Nestlé has been excluded from the new FTSE4Good ethical investment index launched yesterday due to its continued violation of breastmilk substitutes marketing requirements.

 

Nestlé, along with other manufacturers of breastmilk substitutes violating the Code, were excluded from the FTSE4Good index under section eight of the criteria for social issues and stakeholder relations which states:

 

“Companies must not have breached the infant formula manufacturing section of the International Code on Marketing of Breastmilk Substitutes according to the International Baby Food Action Network [IBFAN].”

 

Jonathan Dorsett, Campaigns Officer at Baby Milk Action, the UK member of IBFAN said:

 

“This new FTSE index gives those who want to invest in the market the opportunity to take into account issues of corporate social responsibility. The fact that this index excludes Nestlé for its marketing malpractice, sends a clear message to Nestlé that it needs to bring its activities into line with the Code and Resolutions in all countries, and sends a message to investors to avoid Nestlé

until it makes the necessary changes.”

 

Infant milk formula accounted for 64% of global baby sales. Sales of milk formula in dried and powdered form totaled $10,920 million.

 

Report gives developments in the baby food industry worldwide.

An industry report gives insight into the size and structure of the baby food market at every level and provides in-depth analysis of current market trends.

 

The key findings:

• Forecast sales for 2005 are to be just over US $19,823 million.

• Sales of baby food increased by some 2.4% in value terms, but by a substantially higher 13.6% in volume terms.

• The commercial potential of baby food is growing. • Sales of baby food in the Asia-Pacific region increased faster than anywhere else between 1996 and 2000.

• Poland ranked as the fastest growing market between 1996 and 2000. Volume sales in Poland increased by 85% during this period.

• Baby food sales in Western Europe and Latin America are expected to increase by some 10% during the forecast period. In both cases, sales of prepared food and milk formula are expected to drive growth.

For more information...

 

Latest news on the IBFAN website www.ibfan.org

 

The IBFAN website is not only a source of information on IBFAN and its work, it is a useful campaigning tool.

 

The site gave campaigners around the world a window on the May 2001 World Health Assembly in May with frequent updates in the ŒNews section. When the Resolution was adopted, a press release (produced by IBFANers at the Assembly) was posted on the site within hours and an email alert sent to groups around the world. The Breaking the Rules Stretching the Rules 2001 report and a press release appeared on the site on the day the report was launched.

 

IBFAN groups around the world can adapt these press releases for use in their own countries and can direct journalists and others to the site for additional information. If you would like to receive an email alert when new information is posted on the website, complete the on-line form on the contact page.

 

Background information on the site includes the Code and Resolutions, the IBFAN Action Pack, IBFAN Info. newsletters, Breastfeeding Briefs and links to national IBFAN websites.

 

If the site does not link to your IBFAN group website, please use the Econtact page to inform the Webmaster.

 

If you do not have a website for your IBFAN group then you are entitled to a few pages on the international IBFAN site. Contact the Webmaster for details.

 

Information is available in English, German, Portuguese and Spanish and other languages are being added (information may not be immediately available in all languages).

 

For More Information:

 

... on the Baby Food Industry:

The Global Market for Baby Food: Publisher: Euromonitor Plc

http://just-food.com/store/products

 

... on the Ethical Investment Index: contact Jonathan Dorsett,

Campaigns Officer, Baby CB2 3Ax Milk Action

tel: 01223 46420 fax: 01223 464417

email: jonathandorsetta@babymilkaction.org