The non-prosecution agreement reached with the courts by paying the fine is the largest of its kind related to the environment that has been signed in France to date.
Nestlé Waters, the water subsidiary of Swiss food and beverage giant Nestlé, has agreed to pay a fine of 2 million euros to end a French investigation into mineral water.
The research focused on the treatment of mineral water, which cannot be filtered under French law and It must be naturalas well as the use of illegal wells. Nestlé Waters brands include: San Pellegrino and Vittel. The agreement of no prosecution It is the largest of its kind related to the environment that has been signed in France to date.
It was achieved because it was determined that Nestlé’s shares had no impact in public health, and the company cooperated with the investigation, which allowed the judicial processes to be expedited. Since then, Nestlé Waters has amended procedures to ensure that the practices in question now comply with regulations.
Nestlé will have three months to pay the 2 million euros. It has committed to taking significant steps to offset the ecological damage caused by introducing a comprehensive renaturalization plan.
It is expected to spend around 1.1 million euros over the next two years to repair the environment in several French cities where it has operations. Nestlé will also have to compensate several environmental associationswith a total cost of around 516,800 euros.
However, the agreement has outraged some consumer associations. According to Le Monde, Ingrid Kragl, fraud expert at the citizen watchdog group Foodwatch, said: “It is a scandalous decision which sends a very negative message about the climate of impunity.” Nestlé has not yet responded to questions posed by ‘Euronews’.
NNew CEO
In this context, Nestlé has just announced a new CEO, Laurent Freixewho replaces Mark Schneider, who had been CEO for eight years, as of September 1. Freixe was until now executive vice president and CEO of the business area. Latin America (LATAM).
The company stated that the decision to change came after the Growing concern over Nestlé’s lack of growth and its prospects for the near future, especially after it was severely affected by the pandemic, inflation and geopolitical issues.
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