GlobalData offers a comprehensive analysis of Beiersdorf, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of Net Zero and associated ESG keywords, GlobalData delivers valuable information on Beiersdorf‘s ESG performance. GlobalData’s company profile on Beiersdorf offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
Beiersdorf, a German personal care company, has set a net-zero emissions target for 2050. Beiersdorf's latest filings mentioned the keywords 'Emissions' and 'Recycled' most number of times in relation to 'Net Zero'.
The company aims to reduce greenhouse gas (GHG) emissions to a minimum and balance the remaining small fraction of emissions. Beiersdorf has set a target of achieving 30% reduction in its Scope 1 + 2 emissions and 10% reduction in Scope 3 greenhouse gas (GHG) emissions in absolute terms by 2025 compared to the 2018 baseline. The company is guided by the Paris Agreement around the 1.5-degree pathway and follows recommendations by the Science-Based Targets initiative (SBTi). In 2022, the company reported its Scope 1 emissions at 90,349 tCO₂e and Scope 2 emissions at 1,322 tCO₂e. The company calculated the Scope 3 emissions from its investment NIVEA-KAO based on the results of life cycle assessments (LCAs) conducted in 2022 for certain reference products which stood at 1,034,279 tCO₂e (excluding certificate of biofuels).
Beiersdorf has taken steps to reduce its carbon emissions, including initiating a carbon-insetting project in 2022 using the GOLD Standard methodology, which will help reduce emissions in the shea supply chain in the future. The company has also launched its NIVEA MEN "Climate Care Moisturizer," the first limited-edition product to contain ethanol, made from CO2. Beiersdorf is investing in high-quality, certified climate change mitigation projects to contribute to the planet's carbon sequestration capacity. The company is working with its suppliers to decrease its emissions by implementing recycled aluminum and recycled plastic in its packaging.
Beiersdorf aims to achieve 100% climate-neutral production sites by 2030, use 30% recycled material in its plastic packaging by 2025, compared to the 2019 baseline and 30% less waste in its production facilities by 2025, compared to the 2018 baseline. The company is balancing the remaining emissions through certified reforestation projects. Beiersdorf has set targets related to sustainable land use, including sourcing 100% of its main renewable raw materials from sustainable sources by 2025 and ensuring that 100% of its packaging is refillable, reusable, or recyclable by 2025.
In conclusion, Beiersdorf is committed to climate action, the regenerative use of water, and using resources in line with the model of a circular economy. Beiersdorf is investing in high-quality, certified climate change mitigation projects and working with its suppliers to decrease its emissions. The company has set targets for its scope 1, scope 2, and scope 3 emissions and aims to achieve 100% climate-neutral production sites by 2030.