Asset Management

Unilever shareholders flag consumer giant’s ‘blind spot’ and demand greater sales of healthier products

A cohort of investors want Unilever to shift its focus to selling healthier food and drink products

image
Unilever shareholders have singled out the health profile of its food and refreshments division – the business arm which generates €19.1bn annually, or approximately 40%, of the group’s total sales Photo: Kevin Dietsch/Getty Images

Unilever has been targeted by a cohort of influential global investors calling on the consumer goods giant to address a “blind spot” over the healthiness of the food and drink products it sells.

Almost a dozen investors overseeing $215bn, including the Greater Manchester pension fund and asset managers Candriam and CLLA, have co-filed a shareholder resolution with the makers of Ben & Jerry’s ice cream and Hellman’s Mayonnaise, which is widely regarded as a leader in sustainable business.

WSJ Logo