Philipp Navratil tells staff that ESG has ‘gone off the agenda’ for US investors since president’s re-election. Nestlé chief executive Philipp Navratil has partly blamed Donald Trump for the company’s failure to talk enough about sustainability, as the US president dismantles the country’s environmental regulations and labels climate change “a hoax”. At an event for Nestlé employees in December, Navratil said “it’s a bit [of] a pity” that the world’s largest food company isn’t more vocal on sustainability issues. Nestlé’s chief said that while he should bear some of the blame it was “also President Trump’s fault”, according to video footage of the event seen by the FT. “If you think about it in hindsight, five years ago or three years ago, if you go and meet investors you would get plenty of questions about sustainability,” said Navratil. “Somehow in the US it has totally gone off the agenda,” he added. “In all of the investor meetings I have done, nobody asks, not one has asked — ...
