Nestle has re-launched its Creating Shared Value website.

The website revamp, announced today (16 March), includes six new videos, nine short video interviews with key nutritional experts, a new site structure and a searchable map to help find stories in a particular region.

The site describes Nestlé's initiatives in action in nutrition, water and rural development.

Nestle said the new site is a compliment to the Creating Shared Value Report 2008, 'Nutritional Needs and Quality Diets', which it says is "a first step towards providing evidence that the successful creation of long-term shareholder value is dependent also on the creation of value for society".

Last month, Nestle announced it had cut investment in its under-performing bottled water business by more than a quarter last year and is looking to shave off more costs in 2009.

Nestle cut capital expenditure related to its water business by CHF275m (US$236m), or by 26%, in 2008.