Legal & General Investment Management, along with ShareAction, Candriam, and La Francaise, urge Nestle to sell fewer unhealthy products and set new targets for healthier products.

Britain's largest investor, Legal & General Investment Management, is urging Nestle to sell fewer unhealthy products, such as chocolate bars, due to concerns about the impact on public health. Legal & General is joining forces with ShareAction, an activist group, and fellow asset managers Candriam and La Francaise to file a resolution before Nestle's annual general meeting in April. The resolution calls for Nestle's board to set new targets for the sale of healthier products and warns about potential public health risks associated with unhealthy foods.

March 14, 2024
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