During their first meeting in 2006, Franck Riboud and Nobel Peace Prize Laureate Muhammad Yunus discovered a mutual passion for innovative business models. They decided to co-create a new business in Bangladesh together, a business with an explicit social purpose. As a result, Grameen Danone Foods was born: a business aiming to address two main social issues: fighting malnutrition and safe access to clean drinking water.
That first social enterprise became the founding project of the danone.communities fund, Danone’s incubator for social businesses, bringing finance and skills to local entrepreneurs. Today, nine social businesses are supported by danone.communities, together improving the daily life of over one million people around the world.