Consumer Durables News

Colgate-Palmolive’s Net Zero Targets Approved By The Science Based Targets Initiative

Colgate-Palmolive Company’s Net Zero emissions reduction targets have been approved by The Science Based Targets initiative (SBTi). The company says no other large multinational company in the consumer durables, household and personal products sector has announced approval from SBTi, which is a coalition of CDP, the United Nations Global Compact (UNGC), World Resources Institute (WRI) and the World Wide Fund for Nature (WWF).

“At Colgate, we are acting with purpose to reimagine a healthier future for all people, their pets and our planet – and we have established a robust organization-wide commitment to ambitious, science-based emission reduction targets,” said Ann Tracy, chief sustainability officer, Colgate-Palmolive, which is home to brands like Colgate as well as Tom’s of Maine, Hello and SoftSoap in personal cleansing and Ajax is home care among others.  “Earning this designation from the SBTi, which is considered the global gold-standard for evaluating and approving climate targets, reflects Colgate’s commitment to making a meaningful impact for the environment and for the communities we serve around the world.”

Colgate is taking efforts to accelerate action on climate change through science-based near-term, long-term and Net Zero 2040 emissions commitments across its operations and supply chain, which have been approved by the SBTi. The SBTi Target Validation Team determined that Colgate’s targets are in line with the Paris Agreement’s objective of limiting global warming to 1.5°C and the SBTi’s 1.5°C mitigation pathways for reaching Net Zero by 2050 or sooner.

Colgate targets to:
• Reduce absolute Scope 1 and Scope 2 GHG emissions by 42% by 2030 from a 2020 base year.
• Increase annual sourcing of renewable electricity from 35% in 2020 to 100% by 2030.
• Reduce absolute Scope 3 GHG emissions from Purchased Goods and Services by 42% by 2030 from a 2020 base year.
• Reach Net Zero GHG emissions across the value chain by 2040.

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