DSM receives World Business and Development Award

September 29, 2010

Royal DSM N.V., the global life sciences and materials sciences company headquartered in the Netherlands, was recognized at this year’s World Business and Development Awards Ceremony during the opening week of the United Nations’ General Assembly in New York for its contribution to help achieve the United Nations Millennium Development Goals (MDGs). DSM was honored for its innovative and targeted solutions specifically designed to meet the nutritional requirements of those in the developing world.

The United Nations has devoted the year 2010 to build a renewed momentum around the MDGs, including special attention for the role of business in development. The 2010 World Business and Development Awards is one of the central events this year recognizing key contributions to help end poverty.

DSM, a leader in vitamins and nutritional ingredients, has been active in helping to make progress towards achieving the MDGs through its commitment to fight hunger and malnutrition around the world. One of the main drivers of this effort has been through DSM’s Nutrition Improvement Program, which came about following a call from the United Nations for the private sector to develop business models, as opposed to providing donations, to address global problems such as micronutrient deficiency.

“It is an honor to receive this award on behalf of all employees of DSM who are very committed and work hard to address the issue of hidden hunger. At DSM we feel it is our responsibility to find sustainable solutions for nutrition security in order to improve the lives of millions around the world,” said Feike Sijbesma, CEO of Royal DSM.

The goal of the Nutrition Improvement Program is to develop a business model that can first complement and then, over time, replace a large portion of development assistance, and in the process help achieve the MDGs. The initiative focuses on food fortification (flour, sugar, oil, rice). As the additional cost is so small, it does not need to be added to the end price and allows improving the nutritional status of a population in a sustainable way.

Furthermore, DSM enjoys a global partnership with the United Nations World Food Program. To date, approximately 2 million people have been reached through DSM's partnership program with the WFP—“Improving Nutrition – Improving Lives.” The partnership was recently extended to run until 2013 and aims to dramatically scale up its efforts to provide micronutrients to at least 80% of WFP’s beneficiaries.


United Nations press release