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One thought on “Peter Brabeck, Chairman, Nestle Discusses Sustainability and Leadership

  1. Mr. Brabeck makes a logical argument for shared value by stating that companies aren’t required to “give back” to society because they create value for society. The old model of corporate responsibility, he says, implicitly means that he has taken something that doesn’t belong to him. But, since companies create value for society, they owe nothing back. Regarding the specific issue of water development, he states correctly that the importance of supplying healthy products for people requires the use of healthy raw materials. In the end, he expresses a concern about the amount of water that is available in the world for people today, but he avoids the question of resource ownership. Nestle has been taken to task recently for its development of water resources in the Northeast U.S., and many people are becoming concerned that practices such as Nestle’s raise questions of resource abuse or outright theft. I think Mr. Brabeck does his shareholders and society, both of whom are stakeholders in his concept of shared value, a disservice by avoiding the issue of resource ownership in this discussion.

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