Magnit and Largest FMCG Companies sign Code of Commitments under 'United for a Healthier Future' Initiative
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Krasnodar, Russia (October 14, 2021): Magnit PJSC (MOEX and LSE: MGNT; the Company, Magnit), one of Russia's leading retailers, and eight international FMCG producers, has signed the Code of Voluntary Commitments under the "United for a Healthier Future" Initiative.
MAGNIT PJSC (MGNT) Magnit and Largest FMCG Companies sign Code of Commitments under 'United for a Healthier Future' Initiative Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.
Magnit and Largest FMCG Companies sign Code of Commitments under "United for a Healthier Future" Initiative
Krasnodar, Russia (October 14, 2021): Magnit PJSC (MOEX and LSE: MGNT; the Company, Magnit), one of Russia's leading retailers, and eight international FMCG producers, has signed the Code of Voluntary Commitments under the "United for a Healthier Future" Initiative. For the first time, major FMCG producers and health product manufacturers, along with the Company, made a pledge to improve the quality of life for consumers and local communities.
Besides Magnit, the Code was signed by Nestlé, Johnson & Johnson Consumer Health, Danone, Mars, PepsiCo, L'Oréal, Procter & Gamble, as well as Boston Consulting Group.
In signing the code, the companies made the following commitments:
The Code was developed as part of the "United for a Healthier Future" Initiative, which was announced in April 2021. The project will see its members collaborating in three areas: Self Care, Community Care, and Employee Care. The members of the Initiative intend to assist in achieving the goals of the "Strengthening Public Health" Federal Project (part of the "Demographics" National Project), actively spread information about the principles of healthy living and environmental care, and support development of unified requirements to educational outreach in the field of healthy living and ecology. It is expected that the Initiative will start implementing the first phase of its projects this year.
The 'United for a Healthier Future' Initiative is being implemented under the aegis of The Consumer Goods Forum (CGF) - an international industry organization uniting more than 400 retailers, manufacturers, and service providers across 70 countries. It is a unique global platform for knowledge sharing and implementing initiatives in such strategic areas as health and well-being, sustainability, and food safety.
According to research data, health is a key value for Russian people. GFK reports that Russian citizens put health well ahead of wealth, an interesting job, and a prosperous marriage. Moreover, health has greater value for Russians than for the rest of the world.
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ISIN: | US55953Q2021 |
Category Code: | MSCU |
TIDM: | MGNT |
LEI Code: | 2534009KKPTVL99W2Y12 |
OAM Categories: | 3.1. Additional regulated information required to be disclosed under the laws of a Member State |
Sequence No.: | 124367 |
EQS News ID: | 1240804 |
End of Announcement | EQS News Service |
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