Report of the speech made by Emmanuel Marchant, Deputy General Manager of danone.communities, at Ecole de Paris in May 2011.
"In late 2005,Franck Riboud, CEO of Danone, and Muhammad Yunus, president of the Grameen Bank and Peace Nobel Prize 2006, discovered that their ideas come together on the development of poor and decided to form a joint venture, the Grameen Danone Food.
From 2007, a plant produces yogurt fortified with micronutrients in Bangladesh. The same year, Danone and Credit Agricole decided to create an original financial tool: the Fund danone.communities. It aims at supportting the construction of other plants in Bangladesh, to launch other projects in the same spirit in the world, to develop partnerships with local actors or NGOs, and to gather in a community who want to contribute the development of social business, either as actors or as investors of a new genre. Thus was set in motion a dynamic that reinvents the dual economic and social project of Danone and has implications for the management of the company itself."
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