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2020 in review

2020 was an unprecedented year, marked by the Covid-19 crisis and plans for transformation at Danone. Interim co-CEOs Véronique Penchienati-Bosetta and Shane Grant look back at 2020 milestones and confidently predict a return to growth in 2021.
Discover our goals

Vision & ecosystem

Our mission

Ever since Isaac Carasso made the first Danone yogurt in 1919, we’ve had the same purpose: bringing health through food to as many people as possible. This is still the guiding principle for our strategy and our corporate roadmap, and it has proven its worth again and again.

Now more than ever, consumers want food and beverages to combine pleasure and good health. Our products are health-oriented, and we’re constantly innovating to tailor them more closely to consumer tastes and promote healthier eating habits. 

Now more than ever, human health is inextricably linked to the health of our planet. That’s why we designed our ‘One Planet. One Health’ frame of action—to promote sustainable eating and drinking practices so that people and the planet can stay healthy together. 

Now more than ever, a business needs to create value for all of its stakeholders. This conviction inspired our dual commitment to economic success and social progress nearly 50 years ago, and it still shapes our roadmap now that Danone is an Entreprise à Mission—a purpose-driven company. It is also our guiding light in our effort to achieve full B CorpTM certification by 2025.

Covid-19 has brutally underscored the web of interdependence linking food, health, nature and prosperity for all. The pandemic makes our mission even more vital, with a shared call to action: All aboard the Food Revolution!

Universal Registration Document 2020
Vision & ecosystem
Vision & ecosystem

Governance

Meet the members of our Board of Directors and Executive Committee (as of April 29, 2021). In 2020, we became an Entreprise à Mission—a purpose-driven company—and created a Mission Committee to track our progress towards the social and environmental targets we incorporated into our articles of association.

Universal Registration Document 2020
Gilles Schnepp
Chairman
Cécile Cabanis
Vice-Chair
Guido Barilla
Clara Gaymard
Gaëlle Olivier
Bettina Theissig
Lionel Zinsou-Derlin
Franck Riboud
Honorary Chairman
Jean-Michel Severino
Lead Independent Director
Frédéric Boutebba
Michel Landel
Isabelle Seillier
Serpil Timuray
Gilles Schnepp
Chairman
Franck Riboud
Honorary Chairman
Cécile Cabanis
Vice-Chair
Jean-Michel Severino
Lead Independent Director
Guido Barilla
Frédéric Boutebba
Clara Gaymard
Michel Landel
Gaëlle Olivier
Isabelle Seillier
Bettina Theissig
Serpil Timuray
Lionel Zinsou-Derlin
  • ¹ The Board of Directors as of 29 April 2021.
Véronique Penchienati-Bosetta
Co-CEO & Chief Executive Officer International
Bertrand Austruy
Chief Human Resources Officer and General Secretary
Juergen Esser
Chief Financial, Technology and Data Officer
Floris Wesseling
President Europe*
Bruno Chevot
President Greater China and Oceania*
Silvia Davila
President Latin America*
Shane Grant
Co-CEO & Chief Executive Officer North America
Henri Bruxelles
Chief Operating Officer end-to-end design to delivery
Nigyar Makhmudova
Chief Growth Officer
Corine Tap
President Asia, Africa and Middle-East*
Charlie Cappetti
President CIS and Turkey*
Jean-Marc Magnaudet
President Specialized Nutrition*
Véronique Penchienati-Bosetta
Co-CEO & Chief Executive Officer International
Shane Grant
Co-CEO & Chief Executive Officer North America
Bertrand Austruy
Chief Human Resources Officer and General Secretary
Henri Bruxelles
Chief Operating Officer end-to-end design to delivery
Juergen Esser
Chief Financial, Technology and Data Officer
Nigyar Makhmudova
Chief Growth Officer
Floris Wesseling
President Europe*
Corine Tap
President Asia, Africa and Middle-East*
Bruno Chevot
President Greater China and Oceania*
Charlie Cappetti
President CIS and Turkey*
Silvia Davila
President Latin America*
Jean-Marc Magnaudet
President Specialized Nutrition*
  • 2 The Management team as of 29 April 2021.
  • * The functions of Zone Presidents and SN Unit President will be fully effective at the end of the consultation.
  • * In the meantime, they will keep their current functions and will act as Study Leaders- Please refer to the governance page of danone.com.
Governance

Our impact

Financial performances

The Covid-19 crisis had a powerful impact on Danone in 2020, resulting in very uneven performance for our businesses throughout the world. In this challenging environment, we successfully identified major long-term opportunities arising from the strategic decisions we’ve made in recent years. This included reaffirming our leadership in plant-based products.

Danone 2020 Methodology Note
€23.6bn
Sales
14.0%
Recurring operating margin
€3.34
Recurring EPS
€1.94
Dividend per share
-1.5%
LFL sales growth
-150bps
Recurring operating margin expansion
-13.2%
Recurring EPS growth
€2.1bn
Free cash-flow

Extra-financial performance

In line with the frame of action One Planet. One Health, Danone advances and monitors its sustainability performance through quantitative indicators and qualitative practices which reliability is reinforced by external audits.

Danone exhaustive extra-financial data 2020
38.1%
absolute reduction on Danone’s scope 1 and 2 CO2 emissions (in tons of CO2) achieved in 2020
90%
of volumes of products sold are in healthy categories
90%
of Danone’s business is already embarked on a Manifesto Brand journey
91%
of employees recommend Danone as a great place to work
13
new entities are certified as B CorpTM in 2020
~ 80%
milk sourced by Danone came from smallholder farms (with less than 10 cows)

Our 2030 Goals

Building on our dual economic and social project and our One Planet. One Health frame of action, we have defined a set of nine long-term Goals – aligned with the Sustainable Development Goals of the United Nations – to embrace the food revolution while creating sustainable value for our shareholders and ecosystem. 

The 2030 Goals embed our business, brand and trust models for which we measure our performance through Key Performance Indicators presented in the following section.

Danone 2020 Methodology Note
Our impact