Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Swiss Exchange  >  Nestlé    NESN   CH0038863350

Mes dernières consult.
Most popular
News SummaryMost relevantAll newsSector newsTweets
The feature you requested does not exist. However, we suggest the following feature:

Nestle : Waters Achieves North America's First and Only Gold Standard Water Stewardship Certification for California Bottling Factory

share with twitter share with LinkedIn share with facebook
share via e-mail
03/22/2018 | 01:16pm CET

GLENDALE, California, March 21 -- Nestle USA issued the following news release:

Nestle Waters North America announced today that its Cabazon and Los Angeles, Calif. factories have received certification against the rigorous Alliance for Water Stewardship (AWS) Standard, with the Cabazon facility achieving an AWS Gold certification - the first facility in North America to do so.

With the certification of these factories in Cabazon and Los Angeles, all five of the company's California factories are now certified to the AWS Standard, a priority outlined by the company late last year. California was selected as the first location for AWS certification because of the shared water challenges in the state.

"We are extremely proud of our Cabazon factory for becoming the first and only facility in North America to achieve AWS Gold certification, and to now have all five of our California facilities certified to the most rigorous global water stewardship standard in the world - this is an exceptional validation of our commitment to water and community stewardship," said Nelson Switzer, Chief Sustainability Officer at Nestle Waters North America. "We are committed to playing our part here in California, and wherever we operate, in protecting our shared water resources."

Supported by industry leaders and prominent environmental conservation groups such as The Nature Conservancy and World Wildlife Fund (WWF), the AWS Standard is the first comprehensive global standard for measuring responsible water stewardship, not just in terms of environmental criteria, but also social and economic dimensions.

"We've seen the AWS Standard help businesses translate global commitments into on-the-ground action, which includes working with others in a basin on shared water challenges," said Alexis Morgan, Water Stewardship Lead at WWF. "Gold Level AWS certification signifies a deeper level of engagement and achievement in water stewardship that is sorely needed to help restore and protect threatened freshwater ecosystems for people and nature."

As part of the AWS certification process, auditors look at a number of factors within the groundwater basins where facilities are located, such as water quality, the availability of existing water sources, and the health of water-related areas, such as marshes, in the region. In addition, a number of internal and external community stakeholders are identified and interviewed by AWS auditors.

Cabazon's AWS Gold certification is reflective of the facility's meeting of advanced-level criteria, including the site's positive contribution to the local groundwater system, best practice of the site's water balance, best practice of the site's water quality, and implementation of a water education program, among others. As with all AWS certification processes, stakeholder engagement was also an essential part of Cabazon's evaluation. To achieve this advanced certification, a consensus of stakeholders had to affirm the positive contributions that the Cabazon factory has made on water balance and the quality of the catchment.

As part of Nestle Waters' ongoing efforts to improve the water efficiency of their operations, the company has implemented a number of conservation techniques and initiatives in their factories over the years, including reverse osmosis to better filter and reuse wastewater, advanced water mapping to more carefully manage the flow of water in and out of the plants, and xeriscaping to reduce supplemental irrigation on the grounds of each factory. Recent auditing, as part of the AWS certification process, of the company's five California factories revealed a combined savings of more than 54 million gallons of water between 2016 and 2017.

"These recent certifications in California further prove that it is possible for sustainable freshwater use to be socially, environmentally, and economically responsible," said Matt Howard, Director for AWS North America. "The AWS Standard is applicable to sites around the world, and we hope that this achievement in California continues the positive worldwide trend towards water stewardship that reflects the needs and values of all water users."

In addition to the Nestle Waters facilities in California, the company also announced today the certification of its bottling facility in Hope, British Columbia - the first facility in Canada to achieve AWS certification.

"The AWS journey started for us more than two years ago, and now, to have all five of our facilities in California certified and one in Hope, BC - the first in Canada - is a real milestone. I hope it will inspire others to adopt the AWS Standard and drive deeper the principles and practices of water stewardship and sustainability into their business practices," says Switzer.

Last fall, Nestle Waters pledged to certify 20 of its water bottling sites around the world. To date, the company has certified eight facilities around the world, six of which are located in North America. More information about Nestle Waters' global commitment can be found here.

About Nestle Waters North America in California

Nestle Waters North America employs more than 1,200 Californians, providing rewarding careers and high-quality jobs. The company also spends more than $325 million annually with California-based vendors and businesses. Through contributions and employee volunteer hours, the company supports local organizations such as Inland Empire Waterkeeper, Cucamonga Valley Water District, and the Southern California Mountains Foundation. In California, Nestle Waters has factories in Cabazon, Los Angeles, Sacramento, Livermore, and Ontario.

About Nestle Waters North America

Nestle Waters North America offers an unrivaled portfolio of bottled waters for healthy hydration, including Arrowhead(R) Brand Mountain Spring Water, Nestle(R) Pure Life(R), Perrier(R) and S. Pellegrino(R). The company also owns and operates ReadyRefreshSM by Nestle(R), the largest home and office water delivery service by volume in the U.S. Based in Stamford, Connecticut with some 8,500 associates, we are committed to reducing our environmental footprint across our operations. As a natural resource company, we sustainably manage 47 spring sources and conserve nearly 21,000 acres of natural watershed area. We are also committed to creating shared value and being a good neighbor in the 140 communities where we operate in the U.S. For more information, visit us at NWNA and follow us on Twitter: @NestleWatersNA.

About the Alliance for Water Stewardship

AWS is a global membership-based collaboration that unites organizations behind its mission: To lead a global network that promotes responsible use of freshwater that is socially and economically beneficial and environmentally sustainable. AWS achieves this through a global water stewardship system, centered on the International Water Stewardship Standard (the AWS Standard), that drives, recognizes, and rewards good water stewardship performance. The AWS vision is that water users and managers are responsible water stewards, who protect and enhance freshwater resources for people and nature. The AWS Standard provides a globally-applicable framework for major water users to understand their water use and impact, and to work collaboratively and transparently for sustainable management within water catchment areas.

© 2018 Targeted News Service, source News Service

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on NESTLÉ
01:16pNESTLE : Waters Achieves North America's First and Only Gold Standard Water Stew..
03/21NESTLE : provides lifeline for struggling Kenyan coffee farmers
03/15NESTLE : chairman calls CEO 'man of action,' praises his 1st year
03/15NESTLE : chairman calls CEO 'man of action,' praises his first year
03/15NESTLE : These Centre County residents have big concerns about Nestle Waters. He..
03/13NESTLE : Waters officials took questions Monday. The result? 'A lot of emotion'
03/13Pampered pets set Wall Street on the prowl for deals
03/09NESTLE : Opens the doors to maggi's production
03/08MERCK : Germany's Merck seeks drug development partners
03/08With Venezuelan hyperinflation, multinationals buck price controls
More news
News from SeekingAlpha
03/18ETF MONTH #4 : Developed Markets (Ex-North America) With EFA. But Is There A Bet.. 
03/15Nestle a backer of food tech VC 
03/14Arcadia up 257% on development milestones for healthier wheat 
03/10THE NEXT BEAR MARKET : How To Prepare Now 
03/07Nestle Shares Reflect Global Demand For Cocoa 
Financials ( CHF)
Sales 2018 91 271 M
EBIT 2018 14 990 M
Net income 2018 10 531 M
Debt 2018 20 156 M
Yield 2018 3,33%
P/E ratio 2018 20,99
P/E ratio 2019 18,87
EV / Sales 2018 2,77x
EV / Sales 2019 2,69x
Capitalization 232 B
Duration : Period :
Nestlé Technical Analysis Chart | NESN | CH0038863350 | 4-Traders
Technical analysis trends NESTLÉ
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 28
Average target price 83,0  CHF
Spread / Average Target 11%
EPS Revisions
Ulf Mark Schneider Chief Executive Officer & Director
Paul Bulcke Chairman
Magdi Batato Executive Vice President & Head-Operations
François-Xavier Michel Marie Roger Chief Financial Officer & Executive Vice President
Stefan Palzer Chief Technology Officer & Executive VP
Sector and Competitors
1st jan.Capitalization (M$)
NESTLÉ-10.86%245 055
DANONE-6.02%54 479
GENERAL MILLS-15.79%28 412