Earlier this year, Oxfam released its original report assessing the sustainability initiatives of ten of the world’s biggest food and drink companies, including Nestlé, Unilever, Danone, Mondelez, Coca-Cola and PepsiCo. Most companies fared badly on their sustainability index, with Nestlé topping the list with a score of 38/70 in seven categories.
The updated report shows that two companies, Nestlé and Unilever are now running in the first and second position on the scorecard, both having gained seven percentage points for their sustainability efforts since February. Coca-Cola has gained five percentage points, Danone gained four, Mondelez two, and Mars and General Mills each increased their scores by 1 per cent.
This week, 33 investment funds representing assets worth $1.4 trillion, urged food companies to do more to reduce social and environmental risks in their supply chains, in response to the Oxfam report. The invesment companies put forward a statement saying, “Due to a lack of transparency within the sector, it is difficult to fully evaluate the risk and opportunity that our companies bear within their supply chains,” said the investment funds’ statement. “The data show there is a broad and urgent need for significant improvement across the sector.”