When Danone, the French-owned company whose interests span dairy, waters and specialised nutrition, recently changed its status to entreprise à mission, or a purpose-driven company, it wasn’t necessarily as big a shift as it might at first seem.
More than 25 Danone subsidiaries are already B Corps, including the North America division, which is the biggest B Corp on the planet, according to Patrick Neyret, Danone’s global director/purposeful brands and marketing transformation. “Today, the sum of our B Corp subsidiaries delivers over 40% of Danone’s business,” he told the Effworks conference (October 2020).
But the new designation does...