Danone: Realigning Sustainability for Profitability?

Danone: Realigning Sustainability for Profitability?
Case Code: BSTR677
Case Length: 12 Pages
Period: 1910-2023
Pub Date: 2024
Teaching Note: Available
Price: Rs.400
Organization : Danone SA
Industry : Food & Beverage
Countries : France
Themes: Socially-responsible Business Practices, Corporate Responsibility, Corporate Restructuring,Environmental Sustainability
Danone: Realigning Sustainability for Profitability?
Abstract Case Intro 1 Case Intro 2 Excerpts


Antoine de Saint-Affrique (Saint-Affrique), Danone S.A. - Director & CEO, stated in a CEO Dialogue Series discussion with Jean-François Manzoni, President, IMD Business School, Switzerland, on March 21, 2023, “[When] you have a company that has been through a very public governance crisis, a company that is, by the way, in the midst of probably the biggest restructuring in its history” The board of directors of Danone, a French multinational food company, had fired former Chairman and CEO Emmanuel Faber (Faber) in March 2021. Faber had joined Danone in 2014 and was a proponent of environmental issues and a more sustainable way of conducting business. His departure came in response to calls from activist shareholders to replace him after sales growth and share price performance slowed in comparison to other competitors like Nestlé...

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