OUR AMBITION: TOWARD B CORP CERTIFICATION AS A MARK OF TRUST

OUR AMBITION: TOWARD B CORP CERTIFICATION AS A MARK OF TRUST

In this increasingly complex world, big brands and companies are fundamentally challenged as to whose interests they really serve. At Danone, we are convinced that addressing this issue in straight and simple terms is the best way for our brands and our company to reinforce trust with employees, consumers, partners, retailers, civil society and governments. That is why we joined the B Corp movement.

In this increasingly complex world, big brands and companies are fundamentally challenged as to whose interests they really serve. At Danone, we are convinced that addressing this issue in straight and simple terms is the best way for our brands and our company to reinforce trust with employees, consumers, partners, retailers, civil society and governments. That is why we joined the B Corp movement.

B Corp is a movement for businesses seeking to combine financial success with social and environment goals. Our ambition to obtain this certification is an expression of our long-time commitment to sustainable business and to Danone’s dual project of economic success and social progress. At the end of 2017, five Danone subsidiaries were certified as a B Corp, and about the same number are close to reaching that same goal, including DanoneWave in the U.S. and AQUA in Indonesia. While attaining B Corp status has so far been the domain of small and medium privately held companies, Danone has been partnering with B Lab—the non-profit organization accrediting B Corp certification—since 2015 to help define a B Corporation model suitable for publicly listed multinationals. It is a significant step toward making sustainable business mainstream—and which we believe to be the future.

In 2017, DanoneWave, our newly combined entity that brings together the former WhiteWave activities and Danone’s historic dairy business in the U.S., was incorporated as a Public Benefit Corporation. Our subsidiary has thus officially been given the legal mandate to serve the interests of not only shareholders, but also society at large through a clearly defined purpose and targeted goals. DanoneWave aims to achieve B Corp certification by 2020.

What is B Corp?

B Corp is a sustainable business certification launched in the U.S. in 2006 that has been gaining momentum around the world. In line with Danone’s vision, the B Corp movement works to drive a cultural shift to redefine business success. Today, there are more than 2,300 B Corps in 50 countries. B Lab, a non-profit organization, accredits B Corp certification to for-profit companies that demonstrate high standards of social and environmental performance. Danone’s ambition is to be among the first food multinational companies to obtain a global certification. We are partnering with B Lab to build the roadmap toward this goal.

5 SUBSIDIARIES

By the end of 2017, the following Danone subsidiaries were B Corp certified: Danone Dairy Spain, Happy Family, Danone Aguas Argentina, Les Prés Rient Bio (Les 2 Vaches) and Danone Dairy U.K.

DOUGLAS MCMILLON

President and CEO of Walmart in response to Emmanuel Faber’s announcement that Danone aims to seek B Corp certification as a global entity:

“This is an important milestone not only because of the business value, but also because of the shared value it brings to people and the planet."