Nestlé increases transparency through improved breastmilk substitutes marketing practices reporting

Must Read

- Advertisement -

Nestlé today reported on its compliance with its policy and procedures implementing the WHO International Code on the responsible marketing of breastmilk substitutes (the Code), based on audits and monitoring undertaken in 2019. The company recognizes the need to continuously improve and has taken steps to further increase transparency, reporting publicly on challenges, cases of non-compliance as well as corrective actions.

Leanne Geale, Executive Vice President, General Counsel, Corporate Governance and Compliance, said: “Transparency is a fundamental element of trust. Being transparent with our stakeholders is the basis for honest dialogue and accountability.”

The report highlights that when cases of non-compliance are discovered, the practices are immediately stopped and the necessary actions are taken to address them. Nestlé acknowledges the need to continuously train its employees, retailers, distributors, and owners of e-commerce platforms on the importance of implementing the Code. Also, interactions with the healthcare system and healthcare workers remains an area of vigilance where the company has strengthened its policies and controls.

Nestlé takes compliance with the Code very seriously. It relies on a comprehensive compliance and governance model that allows the company to apply the rules consistently across all the countries in which it operates.

HEADLINES YOU MIGHT HAVE MISSED FROM BRAND SPUR

IITA and EAGC agree to work towards producing aflatoxin-free grains for health and trade

- Advertisement -

The International Institute of Tropical Agriculture (IITA) and the Eastern Africa Grain Council (EAGC) today signed an agreement to work together to tackle aflatoxin contamination of grains in the region to help ensure that they are safe for human and livestock consumption and meet export standards.

Olam prices additional S$100 million notes by re-opening its recent 4.00% SGD senior fixed rate notes, increasing total issuance size to S$500 million

Global food and agri-business Olam International Limited (“Olam”) announced that, on the back of additional investor demand, it has priced a S$100 million issuance (the “New Notes”) via reopening of its S$400 million 4.00% senior notes due February 2026 (the “Original Notes”) under its US$5,000,000,000 Euro Medium Term Note (EMTN) Programme.

CBN directs banks to take over electricity bills collection from DisCos

- Advertisement -

The Central Bank of Nigeria (CBN) has asked banks to take responsibility for collecting electricity bill payments.

MTV Base celebrates leading black women in music with queens of base

MTV Base has dedicated the month of August to leading black women in music with a specially curated playlist tagged ‘Queens Of Base.

Read Also:  Nestlé Co-funds New Professorship Focusing On Sustainable Materials Research To Tackle Plastic Waste

Public Cloud Hosting: US accounts for 47% of all global revenue in 2020

- Advertisement -

Data presented by Buy Shares indicates that in 2020, the United States is set to account for almost half of the public cloud hosting revenue. According to the data, the US will account for 47.21% of the global revenue of $95.47 billion.

Lekoil Appoints SP Angel as its Joint Broker

LEKOIL, the oil and gas exploration and production company with a focus on Nigeria and West Africa, announces today that it has appointed SP Angel Corporate Finance LLP to act as the Company’s Joint Broker with immediate effect.

Nigeria’s GDP slumps as expected

Nigeria’s Q2 GDP performance was released this morning, with GDP down 6.10% year-on-year and non-oil GDP down 6.05% y/y. This was not a surprise (although one forecast poll predicted a 4.05% decline), given that in June the World Bank forecast a 3.2% contraction and the IMF forecast a 5.4% contraction for full-year 2020, suggesting that some poor quarters lay ahead.

Bond Yields Push Higher As GDP Weakens By 6.10% YoY

The FGN bonds market opened the week to the news of negative growth for Nigeria’s GDP (-6.10% YoY). This compounded an already weak market, still reeling from the previous week’s primary auction. We noted offers across the benchmark curve all session, but with no matching bids as investors continue to sit on the sidelines. Even offers at the long-end at 10.00% levels were not seen as enticing enough to bring client demand. Consequently, yields expanded by c.25bps on the average across the bond curve.

Nigeria Agriculture Sector GDP: Still resilient amid COVID-19?

Yesterday, the National Bureau of Statistics (NBS) released Nigeria’s GDP report for Q2-2020. According to the report, the Agriculture sector which contributes c. 25.0% to real GDP was one of the 6 of 19 sectors to record y/y growth in Q2-2020. This was as the sector’s GDP growth slowed to 1.58% y/y in Q2-2020 (vs. 1.8% and 2.2% recorded in Q2-2019 and Q1-2020, respectively).

Insider Dealing: Eterna’s CEO designate increases stake in Eternal Plc

Nnamdi Obiagwu, Executive Director/Chief Operating Officer – (CEO Designate effective 1st September 2020) of Eterna Plc, has acquired 200,000 shares (N1.90 per share) of the company in accordance with the Nigerian Stock Exchange policy on insider dealing.

- Advertisement -
spot_imgspot_img

Subscribe to BrandSpur Ng

Subscribe for latest updates. Signup to best of brands and business news, informed analysis and opinions among others that can propel you, your business or brand to greater heights.

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest News

Nestlé increases transparency through improved breastmilk substitutes marketing practices reporting - Brand Spur

Cutting Edge Social Entertainment Platform GazeTV Breaks The Tradition With Blockchain...

HONG KONG SAR - Media OutReach - 14 May 2021 - The brand new social entertainment platform GazeTV.com has officially launched. GazeTV jumps out of the traditional model and has adopted blockchain technology for the advancement of data transparency and management. To encourage content creation and interaction of audiences and creators, there are tokenomic incentives & rewards. Traditional social entertainment platforms lack transparency, most creators are only able to earn small advertising fees through in-stream advertisements. Not only are they unable to predict the revenue from each video, but frequent in-stream advertisements also disrupt users from viewing video content. On the contrary, GazeTV makes use of Ethereum Blockchain and the unique tokenized rewards system "GAZE" to incentivize Gazer community by measuring the uploaded video duration by the second as well as their activities on the platform such as the frequency of view, like, comment and sharing videos. Creators are able to customize the theme and price of their videos. Then audiences can pay to unlock content or to make direct donation to content creators. At the same time, the platform also provides automated content synchronization and data analysis. These assist creators in importing content from multiple platforms to GazeTV. GazeTV private access was started since 30 March 2021. The public version has announced to go-live today. Currently the platform has gained over 360,000 minutes of video content. The platform has successful gained traction, creators such as Gramatik, one of the well known electronic musician and crypto-artists, has started an official channel on GazeTV platform. It is expected thousands and thousands of creators and audience worldwide are joining.


Nestlé increases transparency through improved breastmilk substitutes marketing practices reporting - Brand Spur


The Unique Tokenized Reward Mechanism, a Technological Breakthrough

GazeTV allows community to earn rewards through the content creation and consumption. The reward mechanism is coordinated with a hybrid model of on-chain and off-chain automation. There are multiple rewards for example Content Upload Reward, Engagement Reward, and Bounty Program. GazeTV advocates a culture of direct support. Audience can use their reward to unlock paid-content, or directly support and donate creators which help to strengthen the audience-creator relationship and motivate creators to produce even better content. Creators can freely set the price of the content and manage those with just a few clicks.

Read Also:  Nestlé recognized as a Top Employer in Central and West Africa


Convenient Automated Content Synchronization and Data Analyzation for Creators. Removing In-Stream Ads to Improve Users' Viewing Experience.

GazeTV provides an automated content synchronization feature. Creators can easily bring their content from other platforms such as Facebook and more than 455 millions WordPress sites to their GazeTV channels in a few easy steps, saving time on uploading videos. GazeTV also provides detailed data analysis for creators. Through simple graphs, creators can gain knowledge on the background of their audiences, including viewing habits, interests, age and location etc., helping them create content that better accommodates their audience. GazeTV also aims to improve the users' experience by removing all in-stream ads so viewers can focus on the outstanding video content.

The "Gazer-lization" Strategy and Roadmap

Mr. Jack Cheng, Co-founder of GazeTV says, "At GazeTV, we're repairing everything that is broken with social entertainment platforms. Instead of only content creators and the audience giving to the platform, we GazeTV give back to our the Gazer community. GazeTV uses a brand new tokenomic model to build an empowered and engaged Gazer community. We highly treasure creators and audience engagement. This is our mission - Every second counts."

According to GazeTV roadmap, the platform development is divided into 3 phases, each with different objectives. Phase 1 is "Gaze Age", the mission is to focus on the right path of technology and functionalities. Phase 2 is "Gazer-lization", at this stage GazeTV aims to become a complete socialization application for everyday use. Phase 3 is "Gaze Space" which is well-kept secret.


About GazeTV

GazeTV aims to combine and utilize entertainment technology. The cutting edge GazeTV.com social entertainment platform uses blockchain technology for data management and tokenized ecosystem for incentives & reward functions. Creators and audience around the world can engage in closer interactions, support and development. For more information, visit GazeTV Foundation website at GazeTVF.com.


#GazeTV

Nestlé increases transparency through improved breastmilk substitutes marketing practices reporting - Brand Spur
- Advertisement -
spot_imgspot_img

Latest News

Cutting Edge Social Entertainment Platform GazeTV Breaks The Tradition With Blockchain And Tokenized Ecosystem Implementation Audiences And Creators Can Earn Rewards By The Second

HONG KONG SAR - Media OutReach - 14 May 2021 - The brand new social entertainment platform GazeTV.com has officially launched. GazeTV jumps out of the traditional model and has adopted blockchain technology for the advancement of data transparency and management. To encourage content creation and interaction of audiences and creators, there are tokenomic incentives & rewards. Traditional social entertainment platforms lack transparency, most creators are only able to earn small advertising fees through in-stream advertisements. Not only are they unable to predict the revenue from each video, but frequent in-stream advertisements also disrupt users from viewing video content. On the contrary, GazeTV makes use of Ethereum Blockchain and the unique tokenized rewards system "GAZE" to incentivize Gazer community by measuring the uploaded video duration by the second as well as their activities on the platform such as the frequency of view, like, comment and sharing videos. Creators are able to customize the theme and price of their videos. Then audiences can pay to unlock content or to make direct donation to content creators. At the same time, the platform also provides automated content synchronization and data analysis. These assist creators in importing content from multiple platforms to GazeTV. GazeTV private access was started since 30 March 2021. The public version has announced to go-live today. Currently the platform has gained over 360,000 minutes of video content. The platform has successful gained traction, creators such as Gramatik, one of the well known electronic musician and crypto-artists, has started an official channel on GazeTV platform. It is expected thousands and thousands of creators and audience worldwide are joining.


Nestlé increases transparency through improved breastmilk substitutes marketing practices reporting - Brand Spur


The Unique Tokenized Reward Mechanism, a Technological Breakthrough

GazeTV allows community to earn rewards through the content creation and consumption. The reward mechanism is coordinated with a hybrid model of on-chain and off-chain automation. There are multiple rewards for example Content Upload Reward, Engagement Reward, and Bounty Program. GazeTV advocates a culture of direct support. Audience can use their reward to unlock paid-content, or directly support and donate creators which help to strengthen the audience-creator relationship and motivate creators to produce even better content. Creators can freely set the price of the content and manage those with just a few clicks.


Convenient Automated Content Synchronization and Data Analyzation for Creators. Removing In-Stream Ads to Improve Users' Viewing Experience.

GazeTV provides an automated content synchronization feature. Creators can easily bring their content from other platforms such as Facebook and more than 455 millions WordPress sites to their GazeTV channels in a few easy steps, saving time on uploading videos. GazeTV also provides detailed data analysis for creators. Through simple graphs, creators can gain knowledge on the background of their audiences, including viewing habits, interests, age and location etc., helping them create content that better accommodates their audience. GazeTV also aims to improve the users' experience by removing all in-stream ads so viewers can focus on the outstanding video content.

The "Gazer-lization" Strategy and Roadmap

Mr. Jack Cheng, Co-founder of GazeTV says, "At GazeTV, we're repairing everything that is broken with social entertainment platforms. Instead of only content creators and the audience giving to the platform, we GazeTV give back to our the Gazer community. GazeTV uses a brand new tokenomic model to build an empowered and engaged Gazer community. We highly treasure creators and audience engagement. This is our mission - Every second counts."

According to GazeTV roadmap, the platform development is divided into 3 phases, each with different objectives. Phase 1 is "Gaze Age", the mission is to focus on the right path of technology and functionalities. Phase 2 is "Gazer-lization", at this stage GazeTV aims to become a complete socialization application for everyday use. Phase 3 is "Gaze Space" which is well-kept secret.


About GazeTV

GazeTV aims to combine and utilize entertainment technology. The cutting edge GazeTV.com social entertainment platform uses blockchain technology for data management and tokenized ecosystem for incentives & reward functions. Creators and audience around the world can engage in closer interactions, support and development. For more information, visit GazeTV Foundation website at GazeTVF.com.


#GazeTV

Nestlé increases transparency through improved breastmilk substitutes marketing practices reporting - Brand Spur
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -spot_imgspot_img