Danone

Paris, France
Invested through
  • Triodos Global Equities Impact Fund
  • Triodos Impact Mixed Fund - Defensive
  • Triodos Impact Mixed Fund - Neutral
  • Triodos Impact Mixed Fund - Offensive
  • Triodos Euro Bond Impact Fund
  • Triodos Impact Strategy Fund - Defensive
  • Triodos Impact Strategy Fund - Balanced
  • Triodos Impact Strategy Fund - Offensive
  • Triodos Impact Strategy Fund - Dynamic
Asset ClassesListed equity & Corporate bonds
Impact strategyImpact Equities and Bonds
Bloomberg tickerBN FP
ISIN codeFR0000120644, FR0013517026, FR0013216926, FR0014003Q41
Industry groupPackaged Foods & Meats
Aligned with SDGs
  • Zero Hunger

Danone produces and sells dairy products, water, and specialised nutrition. The company is organised around these three core products:
- Essential Dairy and Plant Based
- Specialised Nutrition
- Waters

Within the main divisions, there's a wide range of products ranging from yogurts, to bottled water to baby food and plant-based products. Well-known brands are Alpro, Danone, Activia, Actimel, Evian and Nutrilon. Danone mainly sells its products via supermarkets to consumers across the world. The company has a global presence, but the majority of revenue is derived from Europe.

The company was founded in 1965 by Antoine Riboud. It initially produced glass bottles, but through acquisitions it became active in dairy. In 1972 it acquired the company that owned the Danone business (which was founded in 1919).

Investment rationale

Current agriculture practices exhaust our planet and need to change if we also want to feed future generations.

Danone is a certified B-corp, which means that it has the legal obligation to weigh the interests of all stakeholders (including the environment) when making decisions. As a result of this, we believe Danone's agriculture practices are aligned with the limitations of our planet. For example, the company has developed extensive policies to limit deforestation. It has done the same to promote better animal welfare.

Danone’s impact extends beyond sustainable agriculture. By leading in categories that promote healthier lifestyles, Danone encourages balanced diets and supports global nutrition needs. Its dairy and plant-based products are designed to offer health benefits such as improved immunity, gut health, and protein intake, reflecting modern consumer preferences for functional and flexitarian foods. Danone’s water brands contribute to healthy hydration and expand access to safe drinking options in diverse markets. Through its Specialized Nutrition segment, Danone provides essential nutritional solutions for vulnerable groups, including infants, seniors, and patients with specific medical conditions, helping to address their dietary requirements and improve their quality of life. Across all categories, Danone’s brands are recognised for their commitment to health and responsible practices.

Alignment with Triodos Transitions:
39% of revenues is aligned with the Food Transition and 12% of revenues is aligned with the Wellbeing Transition.

The contribution to the Food Transition comes from 39% of revenues related to the impact objective Food Security, and 1% of revenues related to Sustainable Agriculture & Food. The contribution to the Wellbeing Transition comes from 12% of revenues related to the impact objective Health Care.

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