DASHBOARD
COMPANY 
2022 
DANONE’S SUSTAINABILITY PERFORMANCE

SOLID GROWTH ACROSS REGIONS…
LFL SALES GROWTH
… AND CATEGORIES!
+ 5.8%
ESSENTIAL DAIRY & 
PLANT-BASED
SPECIALIZED 
NUTRITION
WATERS
+ 10.0%
+ 10.5%
NORTH 
AMERICA
CHINA, NORTH 
ASIA, OCEANIA       
EUROPE
REST OF 
THE WORLD                       
+ 8.9%
+ 6.7%
+5.2%
+10.7%
PERFORMANCE
2021
2022
Net Sales
€24.3 BN
€27.7 BN
LFL sales growth
+ 3.4%
+ 7.8%
Free Cash Flow
€2.5 BN
€2.1 BN
Recurring Operating Margin
13.7%
12.2%
Net Debt/EBITDA
3.0x
2.5x
ROIC
8.7%
8.9%
01
Win where 
we are
02
Expand where 
we should be
03
Seed 
the future
04
Manage our 
portfolio
FOUR KEY ENABLERS
FOUR STRATEGIC PILLARS
CULTURE
CAPABILITIES
SUSTAINABILITY
COST COMPETITIVENESS
OUR STRATEGIC FRAMEWORK, 
TO DRIVE VALUE CREATION
RENEW DANONE
RESTORING GROWTH, DRIVING VALUE 
CREATION
PERFORMANCE 2022
For more info please refer to 2022 Integrated Annual Report, Universal Registration Document and Mission Committee Report

In February 2023, we reframed our sustainability journey as the 
Danone Impact Journey, as part of the Danone Renew strategy
IT IS ARTICULATED AROUND 3 PILLARS:
For each pillar, we defined a new set of sustainability 
priorities with a focus on where we can deliver the most 
impact and value
HEALTH
NATURE
PEOPLE
THROUGH FOOD FOR 
CONSUMERS & PATIENTS
PROGRESS AND LEAD 
PRESERVE & REGENERATE
THRIVING
&
COMMUNITIES
FOR MORE INFORMATION ON THE IMPACT JOURNEY, CLICK HERE
DANONE IMPACT JOURNEY
For more info please refer to 2022 Integrated Annual Report, Universal Registration Document and Mission Committee Report

PERFORMANCE
2021
2022
% of Danone global sales covered 
by B CORP™ certification
62%
74.2%
A key milestone achieved in 2022 towards our 
ambition to be certified at the global level in 2025
EDP 
Mexico
SN Australia and 
New Zealand
SN UK 
and Ireland
SN and EDP 
Nordics
SOME OF OUR ENTITIES THAT ACHIEVED 
B CORP CERTIFICATION IN 2022
SN China 
(medical nutrition 
portfolio)
BEST FOR THE WORLD™
have been recognized as
by B Lab(a)
ALPRO AND LA 
LAITERIE DU BERGER 
B CORP AMBITION
BRANDS ARE BECOMING MORE 
VOCAL ABOUT B CORP 
C
M
Y
CM
MY
CY
CMY
K
launched an Out Of Home 
highlighting the B Corp 
certification for yoghurts
higher visibility of our 
commitment
JUST LOOK FOR THE
DANONE SPAIN
DANONE NORTH 
AMERICA PORTFOLIO:  
DURING THE INTERNATIONAL 
B CORP MONTH, DANONE 
UK PARTICIPATED IN A 
RETAIL POP-UP SPACE, 
SHOWCASING HUNDREDS OF 
CERTIFIED BRANDS
HIGHLIGHTS 2022
For more info please refer to 2022 Integrated Annual Report, Universal Registration Document and Mission Committee Report

PERFORMANCE
2021
2022 LFL(a) vs 
2021 scope*
2022
% volumes of product sold in healthy categories(b) 
(all portfolio)
90%
91%
91%
% volumes of product sold without added sugars(c) 
(except medical products)
83%
84%
82%
% volumes of product sold providing nutritional 
information on the front of pack(d) (EDP & Aquadrinks)
97%
97%
79%
% of the Dairy, Plant-Based and Specialized Nutrition 
volumes sold were fortified (excluding medical 
products, infant formula and tailored nutrition)
49%
57%
57%
PERFORMANCE 2022
*In 2022, 79 entities representing 90% of consolidated sales reported health and nutrition indicators (81% in 2021)
VOLUMES OF EDP KIDS 
WITH ≤ 10 G OF TOTAL 
SUGARS /100G 
 88%
58% 
In Spain, all dairy products 
for children have less than 10 
grams of total sugars per 100g
VOLUMES OF EDP & 
WATERS RATED ≥ 3.5 STARS 
BY HEALTH STAR RATING(e)
Belgium launched Actimel 
kids, a product with less than 
9 grams of total sugars per 100g
SOCIÉTÉ À MISSION 
INDICATOR
KPI INCLUDED IN THE 
IMPACT JOURNEY
HEALTH FOCUSED PRODUCT PORTFOLIO
PROGRESS & LEAD HEALTH THROUGH 
FOOD FOR CONSUMERS & PATIENTS 
“BRINGING HEALTH 
THROUGH FOOD TO AS MANY 
PEOPLE AS POSSIBLE”
100% 
5
#1
#1
of Aquadrinks in Spain 
display interpretative 
nutritional information 
on-pack
Mexico launched 
a Danone Greek 
plain yogurt with
and good source 
of calcium
PERFORMING 
FOOD COMPANIES 
IN PRODUCT PROFILE
IN MARKETING OF
BREASTMILK SUBSTITUTES 
0%
ADDED
SUGARS
TOP 
EXTERNAL RECOGNITION
HIGHLIGHTS 2022
HIGHLIGHTS 2022
made from oats with mild and 
smooth taste. It is a source of 
calcium and vitamin D, which 
is naturally low in saturated 
fat and low in sugars
100% 
PLANT-BASED 
BEVERAGE 
ALPRO EUROPE 
EXPANDED ITS RANGE WITH A 
FORTIMEL COMPACT 
PROTEIN OMEGA 
3 WAS LAUNCHED
This product is especially 
developed for cancer 
patients who are 
experiencing taste 
alterations
IN POLAND, CZECH 
REPUBLIC AND SLOVAKIA,
(f)
CONTAINING 60%  PLANT-BASED 
AND 40% DAIRY-BASED PROTEIN
Meeting parents’ desire for feeding 
options suitable for vegetarian and 
flexitarian, while meeting babies’ 
specific nutritional requirements.
(compared to the range of Nutrilon 
brand powdered formulas in the NL)
30% LOWER CARBON FOOTPRINT 
IN THE NETHERLANDS, 
DANONE LAUNCHED 
NUTRILON 1+ DAIRY & 
PLANTS BLEND
the industry’s first blended 
baby formula for healthy 
babies, above 1 year old:
For more info please refer to 2022 Integrated Annual Report, Universal Registration Document and Mission Committee Report

IMPROVING ACCESS AND INVESTING IN 
NUTRITION WITH PARTNERS
HEALTH BEYOND OUR PRODUCT PORTFOLIO
PROGRESS & LEAD HEALTH THROUGH 
FOOD FOR CONSUMERS & PATIENTS 
We worked with the White House and the 
U.S. Food & Drug Administration to increase 
availability of trusted, safe nutritional options for 
parents formula feeding their babies. As part of 
these efforts, we brought to the US our Aptamil 
baby formula, a product that was previously not 
available in the country. All these actions were 
taken in line with the principles of our Breast-Milk 
Substitutes Policy to protect breastfeeding
The Best Frailty Care (TOM), a 
Netherlands-based project, aims 
to help the ageing population 
to live independently at home. 
It offers a multidisciplinary and 
integrated care path
Following the White House  
Conference on Hunger, Nutrition 
and Health, Danone North America 
committed to invest $22 million to 
support at least 300 million Americans 
to build healthier dietary habits
$22M
TO SUPPORT 
BUILDING 
HEALHTIER DIETS
•	 MORE THAN 7 MUNICIPALITIES 
HAVE ADOPTED THE PROGRAM 
•	 6 MONTHS AFTER THE PROGRAM, 
TOTAL FALLS WERE HALVED
SOCIÉTÉ À MISSION 
INDICATOR
KPI INCLUDED IN THE 
IMPACT JOURNEY
HELPING YOU 
THROUGH THE BABY 
FORMULA SHORTAGE
PROVIDE POSITIVE NUTRITION & 
HYDRATION FOR HEALTHIER LIFE
PEOPLE PROVIDED WITH ACCESS TO
ACCESS TO SAFE 
DRINKING WATER
ACCESS TO HEALTHY 
NUTRITION
HIGHLIGHTS 2022
NUTRITIOUS FOOD
In France, Danone worked with 
the Programme Malin, to ensure 
more than 100,000 children from 
vulnerable families have access to 
proper baby nutrition
600K
+28.5% VS 2021
SAFE DRINKING WATER
Drinkwell in Bangladesh opened 
29 new water kiosks giving 500,000 
consumers in Dhaka access 
to safe drinking water
10.9M
+5.8% VS 2021
For more info please refer to 2022 Integrated Annual Report, Universal Registration Document and Mission Committee Report

SOCIÉTÉ À MISSION 
INDICATOR
KPI INCLUDED IN THE 
IMPACT JOURNEY
CLIMATE AND REGENERATIVE AGRICULTURE
PRESERVE & REGENERATE NATURE
Validation by the Science-Based Targets Initiative(a) 
of Danone’s 1.5°C targets for scope 1, 2 & 3, 
including FLAG (Forest, Land and Agriculture)
A new programme that 
will transform the energy 
footprint of Danone’s sites 
worldwide, significantly 
upweighting renewable 
energy sources
REFUEL DANONE 
HIGHLIGHTS 2022
+2
Indonesia CBU, Mexico 
CBU and Steenvorde 
Supply Point contributed 
to increase renewable 
electricity by 2 points vs 
2021
HIGHLIGHTS 2022
PERFORMANCE
2022 Emissions
(Kt CO2e)
% of SBTI 
scope
FY2022
FY2022
2022 vs 2020 
Baseline
2030 Target vs 
2020 Baseline
GREENHOUSE GAS EMISSIONS
Scope 1 & 2*
942
4%
-3.7%
-18.0%
-47.2%
Forest, Land, Agriculture
(FLAG) 
14,479
64%
-3.3%
-8.3%
-30.3%
Scope 3 non-FLAG
7,347
32%
1.8%
0.7%
-42.0%
Total on SBT scope**
22,768
100%
-1.7%
-6.1%
PERFORMANCE 2022
70.5%
 (vs.68.5% in 2021)
RENEWABLE 
ELECTRICITY
The Hlib Bladi project 
aims at improving the 
livelihoods of more than 
In 2022, the focus was made on 
respecting animal welfare by 
enhancing cows comfort and 
reducing the use of chemicals 
and water consumption
In 2022, we issued our renewed 
Forest Policy, with the ambition 
to continue and amplify efforts in 
protecting and restoring forests
10,000
One of the only 13 ‘Triple A’ companies worldwide 
out of the nearly 15,000 companies scored 
DAIRY 
FARMERS
DANONE ANNOUNCES AN 
AMBITIOUS PLAN TO REDUCE 
ITS METHANE EMISSIONS BY 
30% BY 2030
HIGHLIGHTS 2022
PIONEER REGENERATIVE 
AGRICULTURE
NEW 2022 FOREST POLICY
CLICK HERE
*energy and industrial  |  **Danone GHG inventory, excluding use of sold products at home by consumers, and storage by retailers
For more info please refer to 2022 Integrated Annual Report, Universal Registration Document and Mission Committee Report

CIRCULAR ECONOMY, FOOD WASTE 
AND WATER PRESERVATION
PRESERVE & REGENERATE NATURE
BATTLE AGAINST FOOD WASTE
PERFORMANCE
2021
2022
TARGET
CIRCULAR ECONOMY
% reusable, recyclable, compostable
84%
84%
100% 
by 2030
FOOD WASTE
Reduction in the total quantity of food waste 
per metric ton of product sold, excluding waste 
intended for animal feed and the processing of 
biomaterials – SDG 12.3, since 2020 (like-for-like 
basis)
-5.3%
-13.5%
-50% 
by 2030
WATER STEWARDSHIP
% of production sites having implemented water 
4R approach (reduce, reuse, recycle, or reclaim) 
55%
86%
100%
by 2030
TWO GOOD made a 
partnership with Full Harvest®, 
a surplus produce-rescuing 
organization, that helps us 
source the ingredients we use 
to make GOOD SAVE® yogurt
Oykos, Activia, Actimel and Ligth & 
Free are moving away from featuring 
“use by” dates by supporting the 
Too Good To Go’s “Look, Smell, 
Taste Don’t Waste” campaign to 
raise awareness on food waste 
In 2022, around 50% of the 
worldwide sales volumes by 
the Water brands were sold in 
reusable packaging
Danone launched Danacol 
bottles with no sleeves in Spain, 
removing around 94 million 
sleeves per year (equivalent of 
130 tons of plastic)
WATER PRESERVATION 
CIRCULAR ECONOMY
HIGHLIGHTS 2022
In 2022, our largest reclaim unit in 
Wevelgem, Belgium has produced 
700 Million liters of reclaimed water 
from treated wastewater, enabling 
compared to 2020 without reclaim
50%
PLANT WATER 
INTAKE REDUCTION
70%
WATER DISCHARGE 
VOLUME REDUCTION
In 2022, evian celebrates the many 
initiatives it has developed over the 
past 30 years with local communities 
to ensure the preservation of water 
resources
KPI INCLUDED IN THE 
IMPACT JOURNEY
MORE INFORMATION
For more info please refer to 2022 Integrated Annual Report, Universal Registration Document and Mission Committee Report

The insights from the feedback received 
helped refresh and update our culture 
and launch Danone Behaviors:
•	 PUT DANONE FIRST
•	 BE ACCOUNTABLE 
•	 LEAD WITH PEOPLE
•	 WALK THE TALK 
•	 KEEP IT SIMPLE
EMPLOYEES AND ENGAGMENT CULTURE
More than
provided their personal 
view on their day-to-day 
experience at Danone, 
their teams, company 
values and more
OF EMPLOYEES 
90% 
PERFORMANCE
2021
2022
TARGET
GENDER BALANCE
Gender balance in senior 
leadership position (executives 
and directors) 
41%
42%
Achieve gender balance 
in management globally 
by 2030
Gender pay gap ratio
3.1 pts
3.2 pts
Drive equity and close 
gender pay gap by 2025
CULTURE
Inclusion Index in the 
Danone People Survey(a) 
87%
86%
Maintain above peers
Employees covered by Dan’Cares (b) 
94%
99%
All employees by 2030
SOCIÉTÉ À MISSION 
INDICATOR
KPI INCLUDED IN THE 
IMPACT JOURNEY
We were included in the 
Bloomberg GEI index for 
the 5th year in a row...
… And also in the Financial 
Times Leader in Diversity 
list for 2023
OF OUR 
ENTITIES
100%
INCLUSION & DIVERSITY
SOCIAL DIALOGUE
discussed with unions or employee 
representatives and proposed to 
eligible employees the FutureSkills 
program if a validated project affects 
employees or their working condition 
PROJET AVENIR’: 
Danone launched a skills 
development plan that involved 
120 people with learning 
modules for all the operators as 
part of Villecomtal site (France) 
evolution towards Plant-Based
Activia Italy launched this campaign to 
give voice to the value of every woman in 
the workplace:
A dedicated 
masterclass to
WOMEN
250
SUPPORTING WOMEN IN THE 
WORKPLACES - ACT4CHANGE
who lost their job 
during Covid-19
open to everyone 
on women 
empowerment 
and personal 
branding 
4
ONLINE 
EVENTS
HIGHLIGHTS 2022
OUR PEOPLE
THRIVING PEOPLE & COMMUNITIES
For more info please refer to 2022 Integrated Annual Report, Universal Registration Document and Mission Committee Report

PERFORMANCE 2022
2021
2022
SUPPLY CHAIN
% of Tier 1 supplier registration and self-assessment 
on Sedex or Ecovadis
98%
94%
% of SMETA audits planned completed
91%
83%
% of audits that identified critical non-conformities 
that were closed in expected timeline
82%
91%
As a member of the Consumer Good Forum 
(CGF)’s Human Rights Coalition – Working 
to end forced labour, Danone pledged to 
develop and deploy Human Rights Due 
Diligence (HRDD) systems focusing on 
forced labor in its own operations with the 
aim of reaching 100% coverage by 2025. 
In 2022, we piloted the first steps of the 
Coalition due diligence framework in our 
Polish and Brazil businesses
Danone is committed to respect and strengthen 
Human Rights in the value chain. Our approach 
for implementing Due Diligence is fully in 
accordance with the UN Guiding Principles
NEW 2022 HUMAN RIGHTS POLICY
on the new Danone HUMAN 
RIGHTS POLICY by 2025 
EMPLOYEES 
TRAINED 
100%
KPI INCLUDED IN THE 
IMPACT JOURNEY
RESPONSIBLE SOURCING
which ensures the valorisation and 
protection of exemplary supply chains
The Madre Tierra project in Mexico enables 
smallholder farmers to produce strawberries in 
compliance with competitive and sustainable 
standards regarding soil, water management, and 
biodiversity preservation; all while reaching high 
social standards to secure farmers livelihood
HIGHLIGHTS 2022
94%
TRACEABILITY 
TO MILL
SUGAR 
CANE
100%
OF DANONE’S FRUIT 
SUPPLIES WERE 
TRACEABLE UP TO 
THE GROUP’S TIER 2 
SUPPLIERS
FRUIT
>97%
CERTIFIED RSPO 
SEGREGATED OR 
MASS BALANCE
PALM 
OIL 
79%
CERTIFIED WITHIN ONE 
OR MORE PROGRAMS 
(RAINFOREST ALLIANCE, 
ORGANIC, FAIR TRADE, 
FAIR FOR LIFE)
COCOA
LES 2 VACHES IS A BRAND 
CERTIFIED BY “FAIR FOR LIFE”
INCLUSIVE GROWTH
THRIVING PEOPLE & COMMUNITIES
MORE INFORMATION
For more info please refer to 2022 Integrated Annual Report, Universal Registration Document and Mission Committee Report

METHODOLOGY NOTES
B CORP AMBITION
(a) “BEST FOR THE WORLD” recognizes the B Corps that are among the top 5% 
of all B Corps in one of the five impact areas of the B Impact Assessment 
(community, workers, customers, environment and governance)
HEALTH FOCUSED PRODUCT PORTFOLIO
(a) Like-for-Like;
(b) Volumes sold in healthy categories corresponds to: Dairy and plant-based 
products intended for daily consumption, Specialized Nutrition Category 
products (except biscuits and beverages for children under 3 years of age and 
foods for children over 3 years of age in the early life nutrition activities), All 
plain and flavoured water varieties with 0% sugar;
(c) This percentage is calculated for all product categories in the Essential Diary 
and Plant-Based, Waters and Specialized Nutrition Categories. Medical 
nutrition products are excluded. The products included in this indicator are 
those whose added sugar content is less or equal to 0.5 grams;
(d) This percentage  is calculated on for the categories Essential Dairy and Plant-
Based Business and Aquadrinks. It excludes countries where regulations 
prohibit the publication of this information;
(e) This percentage is calculated for the Essential Dairy and Plant Based and 
Waters Categories. HSR algorithm considers negative components of the 
products that could potentially increase some health risks such as energy, 
saturated fat, sodium and total sugars. It also considers positive components 
of a product such as the content of fruits, vegetables, nuts, legumes; in some 
instances, dietary fiber and protein.
(f) Results based on the Global Index 2021. Danone’s 2021 Global Access to 
Nutrition Index (ATNI) rank. The ATNI assesses major food and beverages 
companies on their nutrition-related performance every two years: https://
www.accesstonutrition.org
For more information our 2022 extra-financial data and their methodology 
precisions please refer to the 2022 Universal Registration Document , click here 
NATURE
(a) In terms of reporting entities, the SBT scope of the reporting year is identical to 
the greenhouse gas emissions Scope. In terms of emission categories, the SBT 
scope does not include: 
•	 The indirect emissions linked to the use of sold products at home by     	
consumers, that are included in the Greenhouse Gas Emissions scope.
•	 The emissions linked to the storage in retailers’ distribution centers and 
retailers’ stores, that are included in the Greenhouse Gas Emissions scope 
and were reported in the use of sold products category until 2021, and are 
reported in the downstream transportation and distribution emission category 
from 2022 to increase compliance with the GHG Protocol.
OUR PEOPLE
(a) Global Employees’ Survey (“Danone People Survey”), covering all employees 
worldwide, assessing notably sustainable engagement and well-being in the 
workplace. Danone employees have higher levels of engagement than the 
peers in the consumer goods industry (+3 points).
(b) The Dan’Cares program aims to provide all Danone employees with quality 
healthcare coverage for major risks, while taking account of different market 
practices. The three main risks are hospitalization and surgery, outpatient care 
and maternity care.

LEARN MORE:
DANONE 2022 UNIVERSAL 
REGISTRATION DOCUMENT
UNIVERSAL 
REGISTRATION 
DOCUMENT 
ANNUAL FINANCIAL 
REPORT 2022 
facebook.com/Danone
linkedin.com/company/danone
DANONE 2022 EXHAUSTIVE 
EXTRA-FINANCIAL DATA 
DANONE 2022 
INTEGRATED ANNUAL REPORT
@Danone

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