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Magnit and Largest FMCG Companies sign Code of Commitments under 'United for a Healthier Future' Initiative

10/14/2021 | 07:01am EST

MAGNIT PJSC (MGNT) Magnit and Largest FMCG Companies sign Code of Commitments under 'United for a Healthier Future' Initiative 14-Oct-2021 / 14:00 MSK Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.


Magnit and Largest FMCG Companies sign Code of Commitments under "United for a Healthier Future" Initiative

Krasnodar, Russia (October 14, 2021): Magnit PJSC (MOEX and LSE: MGNT; the Company, Magnit), one of Russia's leading retailers, and eight international FMCG producers, has signed the Code of Voluntary Commitments under the "United for a Healthier Future" Initiative. For the first time, major FMCG producers and health product manufacturers, along with the Company, made a pledge to improve the quality of life for consumers and local communities.

Besides Magnit, the Code was signed by Nestlé, Johnson & Johnson Consumer Health, Danone, Mars, PepsiCo, L'Oréal, Procter & Gamble, as well as Boston Consulting Group.

In signing the code, the companies made the following commitments: 1. Education - to provide information to consumers and employees that support raising health awareness,encouraging more responsible consumption, and increasing interest in balanced nutrition, healthy living, diseaseprevention, and environmental care; 2. Availability - to offer consumers goods, comprehensive solutions, and services aimed at increasing theattractiveness, accessibility, and affordability of healthy living and environmental care. The members will alsostrive to increase the share of food and associated products for healthy living and environmental care in theconsumer basket; 3. Partnerships - to remain open to cooperation with retailers, FMCG producers, public authorities, researchinstitutes, and other stakeholders with a view to share relevant experiences in promoting healthy living andenvironmental care; 4. Research - to support studies aimed at identifying consumer trends and the level of consumer awarenesswith regard to healthy living and environmental care.

The Code was developed as part of the "United for a Healthier Future" Initiative, which was announced in April 2021. The project will see its members collaborating in three areas: Self Care, Community Care, and Employee Care. The members of the Initiative intend to assist in achieving the goals of the "Strengthening Public Health" Federal Project (part of the "Demographics" National Project), actively spread information about the principles of healthy living and environmental care, and support development of unified requirements to educational outreach in the field of healthy living and ecology. It is expected that the Initiative will start implementing the first phase of its projects this year.

«                                 "The adopted Code will serve as the foundation for the largest FMCG producers and 
                                  retailers in taking care of the consumer and the world around us. Together, we will 
Jan Dunning                       promote these ideas to the widest possible audience and try to improve the quality of 
                                  life for people living in Russia. The Code remains open and may be signed by any 
Magnit's President and CEO        interested suppliers, retailers, and any other parties that agree with its 
                                  provisions. Magnit has been in the market for almost 30 years, we have several 
»                                 generations of families shopping with us today, they trust us, and we are confident 
                                  that we can help our customers live healthier lives and take care of their loved ones 
                                  and the environment." 
Lakish Hatalkar 
                                  "As we look into the future, we can anticipate people's increased focus on health. At 
Area Managing Director Johnson &   Johnson & Johnson Consumer Health, WE stand for health, and our mission is total 
Johnson Consumer Health for       health - for individuals at every stage of life, for communities around the world, 
Russia, Ukraine and CIS, Co-Chair and for our planet. In 2020, we introduced our 10-year ambition to advance human 
of Women's Leadership & Inclusion health while also protecting our planet - Healthy Lives Mission, which is our 
EMEA                              strategic way to satisfy the needs and demands of modern consumers. This includes a 
                                  focus on reducing preventable diseases, such as tackling smoking cessation in Russia. 
»                                 To help fulfill our Healthy Lives Mission, we're joining forces with retailers, other 
                                  manufacturers and business partners to deliver best possible solutions for millions 
                                  of consumers in Russia." 
Alexey Khodyachikh 
Corporate Marketing               "At Nestlé we aim to help consumers make healthier food and lifestyle choices based 
Communications Director Nestlé    on our solid expertise in nutrition, health and wellness. We see our mission in 
Russia and Eurasia                enhancing quality of life. Today consumers want to get healthier, natural food 
                                  options made with care about the planet. By joining forces with retail business and 
»                                 industry partners we get an opportunity to further upscale the positive impact of our 
                                  programmes and to inspire people lead healthier lives." 
Sharon Bligh 
                 "Health is the cornerstone of productive communities, and that remains at the core of the work that we 
Healthier Lives  do at The Consumer Goods Forum as part of the Collaboration for Healthier Lives (CHL) Coalition. The 
Director, The    launch of the Russian CHL local initiative in April was an important step in our mission to empower 
Consumer Goods   and inspire as many people as possible in communities worldwide to make healthier choices and live 
Forum            healthier lives. We hope that the "United for a Healthier Future" initiative's latest commitments to 
                 education, availability, partnerships and research will help drive progress to encourage a healthier 
»                future in Russia and accelerate impact at scale". 

The 'United for a Healthier Future' Initiative is being implemented under the aegis of The Consumer Goods Forum (CGF) - an international industry organization uniting more than 400 retailers, manufacturers, and service providers across 70 countries. It is a unique global platform for knowledge sharing and implementing initiatives in such strategic areas as health and well-being, sustainability, and food safety.

According to research data, health is a key value for Russian people. GFK reports that Russian citizens put health well ahead of wealth, an interesting job, and a prosperous marriage. Moreover, health has greater value for Russians than for the rest of the world.

              For further information, please contact: 
              Dina Chistyak 
              Head of Investor Relations 
              Office: +7 (861) 210 9810 x 15101 
              Media Inquiries                    Twitter 
              press@magnit.ru                    @MagnitIR 
              Note to editors 
              Public Joint Stock Company "Magnit" is one of Russia's leading retailers. Founded in 1994, the company is 
              headquartered in the southern Russian city of Krasnodar. As of June 30, 2021, Magnit operated 39 
              distribution centers and 22,344 stores (15,348 convenience, 469 supermarkets and 6,527 drogerie stores) 
              in 3,802 cities and towns throughout 7 federal regions of the Russian Federation. 
              In accordance with the reviewed IFRS 16 results for 1H 2021, Magnit had revenues of RUB 822.2 billion and 
              an EBITDA of RUB 94.4 billion. Magnit's local shares are traded on the Moscow Exchange (MOEX: MGNT) and 
              its GDRs on the London Stock Exchange (LSE: MGNT) and it has a credit rating from Standard & Poor's of 
              Forward-looking statements 
              This document contains or may contain forward-looking statements that may or may not prove accurate. For 
              example, statements regarding expected sales growth rate and/or store openings are forward-looking 
              statements. Forward-looking statements involve known and unknown risks, uncertainties and other important 
              factors that could cause actual results to differ materially from what is expressed or implied by the 
              statements. Any forward-looking statement is based on information available to Magnit as of the date of 
              the statement. All written or oral forward-looking statements attributable to Magnit are qualified by 
              this caution. Magnit does not undertake any obligation to update or revise any forward-looking statement 
              to reflect any change in circumstances. 


ISIN:           US55953Q2021 
Category Code:  MSCU 
TIDM:           MGNT 
LEI Code:       2534009KKPTVL99W2Y12 
OAM Categories: 3.1. Additional regulated information required to be disclosed under the laws of a Member State 
Sequence No.:   124367 
EQS News ID:    1240804 
End of Announcement  EQS News Service 

Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1240804&application_name=news

(END) Dow Jones Newswires

October 14, 2021 07:00 ET (11:00 GMT)

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