About Grameen danone foods limited
Grameen Danone Foods Limited: A Socially Responsible Food Company
Danone is a world-renowned food company that has built its reputation on four business lines: Essential Dairy and Plant-based Products, Waters, Early Life Nutrition, and Advanced Medical Nutrition. The company has been in operation for over 100 years and has established itself as a leader in the food industry. One of its subsidiaries is Grameen Danone Foods Limited, which was established in Bangladesh in 2006.
Grameen Danone Foods Limited is a joint venture between Grameen Bank and Danone. The company's mission is to provide affordable nutrition to underprivileged communities while also creating employment opportunities for local people. The company's products are designed to meet the nutritional needs of children and pregnant women who are often malnourished due to poverty.
The company's flagship product is Shokti Doi, which means "strong yogurt" in Bengali. Shokti Doi is made from locally sourced milk and fortified with essential vitamins and minerals such as iron, zinc, vitamin A, B12, D3 & E. It comes in small portions that are affordable for low-income families.
Grameen Danone Foods Limited operates on a social business model where profits are reinvested into the business rather than distributed among shareholders. This model ensures that the company remains sustainable while also fulfilling its social responsibility goals.
The impact of Grameen Danone Foods Limited on the community has been significant since its inception. The company has created employment opportunities for over 600 people directly or indirectly through milk collection centers across rural Bangladesh. It has also improved the health status of thousands of children by providing them with access to affordable nutrition.
In addition to providing affordable nutrition products, Grameen Danone Foods Limited also conducts various community development programs such as health education campaigns on hygiene practices & balanced diet awareness programs targeting mothers & caregivers; training sessions for women on entrepreneurship, nutrition, and hygiene; and providing access to clean drinking water through installation of tube wells in rural areas.
The company's commitment to social responsibility has earned it several accolades over the years. In 2010, Grameen Danone Foods Limited won the World Business and Development Award for its innovative business model that combines social responsibility with profitability. The company has also been recognized by various international organizations such as UNICEF, WHO & WFP for its contribution towards improving child nutrition in Bangladesh.
In conclusion, Grameen Danone Foods Limited is a socially responsible food company that is committed to providing affordable nutrition products while also creating employment opportunities for local people. Its flagship product Shokti Doi has improved the health status of thousands of children in Bangladesh. The company's social business model ensures that profits are reinvested into the business rather than distributed among shareholders. Its commitment to social responsibility has earned it several accolades over the years making it a leader in socially responsible food companies globally.