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NewslettersCEO Daily

Nespresso CEO says its B Corp certification is helping it attract talent

By
Peter Vanham
Peter Vanham
and
Nicholas Gordon
Nicholas Gordon
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By
Peter Vanham
Peter Vanham
and
Nicholas Gordon
Nicholas Gordon
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July 14, 2023, 1:17 AM ET
Being one of the world's largest B Corps has helped Nespresso attract talent and imporve its operations, says Nespresso CEO Guillaume Le Cunff.
Being one of the world's largest B Corps has helped Nespresso attract talent and imporve its operations, says Nespresso CEO Guillaume Le Cunff.Ilya S. Savenok—Getty Images for New York Magazine

Good morning from Geneva.

It’s a summer Friday, so a travel story seems fitting. Yesterday I took the train to Vevey, a town on the other side of Lake Geneva, to have a coffee with Guillaume Le Cunff, CEO of Nespresso. It turned into a trip that delivered unexpected lessons.

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My journey started with a beginner’s mistake. Instead of going to Nespresso’s office, I navigated my way to the Le Corbusier-designed headquarters of its parent company, Nestlé, by accident. But with beautiful views over the Swiss riviera, the French Alps, and Lake Geneva, I had no regrets. Whoever insists on working remotely clearly doesn’t work at Nestlé’s HQ.  

Nespresso’s HQ—once I made it there—was just as striking. The coffeemaker’s offices are nestled in Nestlé first-ever factory, built in 1866 and stunningly redesigned. Before being used by Nespresso, the site briefly served as a museum, and the mix between 19th Century industrial and 21st Century modern art elements gives the space a Stanley Kubrick kind of feel.

As for my meeting with the company’s CEO, the Frenchman Le Cunff welcomed me in white sneakers and offered me a cup of Nespresso—what else?—next to a life-size cardboard cutout of George Clooney.   

Le Cunff told me about the company’s achievement of being one of the largest globally certified B Corps. I figured he’d sought the B Corp label for marketing purposes, but he says the principal upside has been employee enthusiasm.

“The main benefit of being a B Corp—and I didn’t expect it—is from the inside,” he said. “We brought 14,000 people across the world along in our journey. You will see it in the signature of people. To attract talent, this is part of the conversation. Any young talent interested in Nespresso, will browse and will see the B Corp label.”

Le Cunff also pointed to the fundamental improvements in operations the B Corp process engendered: “B Corp made us more systematic and homogenous,” he said. “There is a common language between everyone, whether you work for us in Thailand, Malaysia, the U.S., or Chile. Everyone will ask questions about sustainability in the same way, and answer in the same way.”

That shared commitment matters greatly, the CEO said, because “with no commitment to sustainability, there is no coffee.”

More news below.

Peter Vanham
[email protected]
@petervanham

TOP NEWS

China chatbot rules

Beijing censors have watered down their approach to generative A.I. In new rules released yesterday. While the finalized regulations demand chatbots uphold “core socialist values” and avoid giving “false and harmful information,” they also weaken some of the more stringent provisions and include pledges to support innovation. China’s Big Tech companies are rushing to launch new A.I. Products, with e-commerce firm JD.com announcing their model “ChatRhino” yesterday. South China Morning Post

ChatGPT investigation

The Federal Trade Commission is launching a broad investigation into OpenAI, the developer of ChatGPT. The government body believes that the developer may have engaged in deceptive practices that led to “reputational harm” for consumers. OpenAI CEO Sam Altman pledged to work with the FTC. The Washington Post

Affordable luxury

PepsiCo beat expectations on revenue and profit for the most recent quarter, despite raising prices to keep pace with inflation. The food and beverage company generated $22.3 billion in revenue, up 10.4% even as sales volume fell. PepsiCo CFO Hugh Johnston suggested consumers are still looking for “affordable” luxuries even as they pull back on big-ticket items. The Wall Street Journal

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This edition was CEO Daily was curated by Nicholas Gordon.

This is the web version of CEO Daily, a newsletter of must-read insights from Coins2Day CEO Alan Murray. Sign up to get it delivered free to your inbox.

About the Authors
By Peter VanhamEditorial Director, Leadership
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Peter Vanham is editorial director, leadership, at Coins2Day.

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Nicholas Gordon
By Nicholas GordonAsia Editor
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Nicholas Gordon is an Asia editor based in Hong Kong, where he helps to drive Coins2Day’s coverage of Asian business and economics news.

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