GlobalData offers a comprehensive analysis of Colgate-Palmolive, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on Colgate-Palmolive‘s ESG performance. GlobalData’s company profile on Colgate-Palmolive 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.
Smarter leaders trust GlobalData
Colgate-Palmolive, a global consumer products company, has set ambitious net-zero targets as part of its Climate Transition & Net Zero Action Plan. The company has targeted Net Zero carbon emissions across its value
chain, including its own operations, by 2040. Colgate-Palmolive has specific goals related to scope 1, scope 2, and scope 3 emissions, which include reducing greenhouse gas (GHG) emissions with targeted timelines, revealed in detail in its 2022 Sustainability & Social Impact Report.
In the year 2021, the company recorded various emissions categories, with a total of 486 Thousand MT of CO2-e attributed to Scope 1 and Scope 2 (market-based) combined. Scope 1 emissions, inclusive of fugitive emissions, accounted for 219 Thousand MT of CO2-e, while Scope 2 (market-based) contributed 267 Thousand MT of CO2-e. Additionally, the company reported Scope 3 Emissions totaling 40,539 Thousand MT of CO2-e during the same period.
By 2025, the company has set ambitious environmental targets, including a 20% reduction in Scope 3 GHG emissions from Purchased Goods and Services, a 20% decrease in Scope 1 and 2 GHG emissions in operations against a 2020 baseline, a 20% reduction in consumer use emissions against a 2016 baseline and a 25% cut in manufacturing energy intensity against a 2010 baseline. Looking ahead to 2030, they aim to achieve 100% renewable electricity in global operations, along with a 42% reduction in Scope 3 GHG emissions and Scope 1 and 2 GHG emissions in operations against 2020 baselines. By 2040, the company aspires to achieve Net Zero carbon emissions across the value chain and reduce Scope 1, 2, and 3 emissions by 90% against a 2020 baseline.
Colgate-Palmolive has already taken steps to reduce its environmental impact and has made investments in sustainable practices. The company seeks to maximize the use of recycled content products, increase transparency and traceability in its palm oil and soy supply chains, and protect water-related ecosystems. It has also committed to achieving net-zero water at its manufacturing sites in water-stressed areas by 2025 and all other sites by 2030.
To achieve its net-zero targets, Colgate-Palmolive has developed a roadmap with two phases: Accelerating Action (2020-2030) and Scaling Action (2030-2040). The company plans to deploy renewable thermal energy technologies, collaborate with suppliers to help them achieve net-zero emissions, leverage alternative fuels for logistics, and rethink commuting and business travel. It aims to maximize energy efficiency, deploy renewable electricity, and implement waste reduction strategies.
In conclusion, Colgate-Palmolive is committed to reducing its greenhouse gas emissions and achieving net-zero targets. The company has implemented various measures to reduce its environmental impact, including responsible sourcing practices and water conservation efforts. By taking steps to decarbonize its operations and value chain, Colgate-Palmolive aims to contribute to global efforts to combat climate change.
Data Insights
From
The gold standard of business intelligence.
Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.
GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Company Filings Analytics uses machine learning to uncover key insights and track sentiment across millions of regulatory filings and other corporate disclosures for thousands of companies representing the world’s largest industries. This analysis is combined with crucial details on strategic and investment priorities, innovation strategies, and CXO insights to provide comprehensive company profiles.
