GlobalData offers a comprehensive analysis of Unilever, 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 Unilever‘s ESG performance. GlobalData’s company profile on Unilever 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.
Unilever, a multinational consumer goods company, aims to achieve its GHG reduction targets which include net zero emissions across its value chain by 2039 and zero emissions in its operations by 2030. Unilever's latest filings mentioned the keywords 'Emissions' and 'CO2' most number of times in relation to 'Net Zero'.
Unilever plans to reduce in absolute terms its operational (Scope 1 and 2) emissions by 100% by 2030 against a 2015 baseline, with an interim goal to achieve a 70% reduction by 2025 against a 2015 baseline (medium-term emissions target). In addition, it aims to halve the full value chain emissions (Scope 1 to 3) of its products on a per consumer use basis by 2030 against a 2010 baseline (medium-term intensity target).
Unilever has taken several steps to reduce its carbon and greenhouse gas emissions, including investing in renewable energy, improving energy efficiency, and reducing waste. In 2022, the company successfully reduced Scope 1 and 2 GHG emissions from its operations by 13% compared to 2021, (68% reduction against a 2015 baseline) and, on a per consumer use basis, Unilever achieved a 5% decrease in full value chain Scope 1, 2, and 3 GHG emissions compared to 2021(a 19% reduction against a 2010 baseline). These accomplishments represent progress towards the company's goal of halving the emissions of its products per consumer use by 2030.
In 2022, the company reported its Scope 1 emissions at 0.50 million tCO₂e, Scope 1 emissions at 0.12 million tCO₂e, Scope 3 emissions (indirect) at 57.54 million tCO₂e, and Scope 3 emissions (direct) at 33.69 million tCO₂e. Unilever is working to achieve a 100% reduction in its operational Scope 1 and 2 GHG emissions from its factories, offices, research laboratories and warehouses by 2030, against a 2015 baseline. In 2022, the company reduced its operational GHG emissions by 13%.
In conclusion, Unilever is committed to achieving its net-zero targets and reducing its carbon and greenhouse gas emissions. The company plans to continue investing in renewable energy, improving energy efficiency, and reducing waste to achieve its goals. Unilever's efforts to reduce its environmental impact are in line with the Paris Agreement's goal of limiting global warming to below 2°C above pre-industrial levels.