Colgate-Palmolive Earns Top Scores in 2020 Dow Jones Sustainability Indices & Outlines 2025 Sustainability Goals
November 18 2020 - 6:00AM
Business Wire
Company Sets Ambitious Targets for Reducing
Plastic Waste, Conserving Water and Improving Oral Health
Colgate-Palmolive Company today announced its 2025
Sustainability & Social Impact Strategy – defining its
key actions and setting measurable targets for 2025 and beyond.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20201118005365/en/
Colgate-Palmolive announces its 2025
Sustainability & Social Impact Strategy, defining key actions
& setting measurable targets for 2025 & beyond. (Photo:
Business Wire)
Colgate’s 2025 Sustainability & Social Impact Strategy
focuses on three ambitions: promoting well-being and inclusivity;
helping people develop healthy habits; and preserving and improving
the environment. They are supported by actionable targets that
uphold Colgate’s continued commitment to building environmental and
social consciousness into every decision, which earned the Company
recognition on the 2020 Dow Jones Sustainability Indices (DJSI) for
the fourth consecutive year. Colgate also was named the top
performing Household Products company by the DJSI for the second
year in a row and achieved “Industry Best” scores in the
Environmental and Social categories.
“Because our Colgate brand is in more homes than any other, we
can – and will – create a healthier, more sustainable
future for all,” said Noel Wallace, Chairman, President and Chief
Executive Officer, Colgate-Palmolive. “We view environmental and
social stewardship as enterprise-wide catalysts for growth, and
we’re committed to raising the bar and ensuring sustainability is
integrated into all aspects of our company – from what we
make to how we work to how we go to market.”
Among the company’s social and environmental sustainability
actions, key targets are:
- Eliminate one third of new plastics as part of the transition
to 100% recyclable, reusable, or compostable plastic packaging by
2025
- Earn 100% TRUE Zero Waste certification for global operations
and build 100% of new manufacturing sites LEED certified by
2025
- Source 100% renewable electricity for global operations by
2030
- Achieve Net Zero Carbon emissions in global operations by
2040
- Promote water conservation awareness to 100% of our global
consumers by 2025
- Improve oral health for two billion children by 2025, to help
create a zero-cavity future
- Help 15 million pets find homes through Hill’s Food, Shelter,
Love program by 2025
Colgate people are already hard at work pursuing these goals.
For example, to reach its plastic targets, the company launched its
first-of-its-kind recyclable toothpaste tube on three continents
and is sharing that technology to speed the industry’s
sustainability transformation. With the company’s global leadership
in manual toothbrushes, Colgate aims to build on the successful
global launches of its bamboo toothbrushes for adults and children
with additional advancements to further reduce plastic in
toothbrushes. Colgate also currently has 19 certified TRUE Zero
Waste facilities across five continents – more than any
other company in the world.
“With Colgate’s global reach, we know we have the responsibility
and opportunity to make a difference to boost our ambitions as well
as to measure and communicate our progress with more frequency and
transparency. This strategy reflects our role as a global consumer
products company and is informed by all of our stakeholders, both
internal and external,” added Ann Tracy, Chief Sustainability
Officer.
This announcement comes during a period of purpose-driven
commitments that Colgate has advanced in sustainability and social
responsibility. In 2020, Colgate has been helping to combat the
spread of COVID-19 by producing, donating and distributing 25
million specially-made bars of soap as well as donating more than
$20 million in health and hygiene products to health professionals
and underserved communities in need.
In addition, Colgate has earned numerous awards for its ongoing
commitment to sustainability. Most recently, the Company was named
to the prestigious Fortune’s 2020 Change The World List. Moreover,
in the past year alone, Colgate received its 10th
consecutive ENERGY STAR® Partner of the Year Award, a U.S.
Green Building Council Leadership Award, and recognition on EPA’s
Green Power Partnership National Top 100.
To learn more about Colgate’s commitment to sustainability,
visit:
https://www.colgatepalmolive.com/en-us/core-values/sustainability
or https://www.linkedin.com/company/colgate-palmolive/.
About Colgate-Palmolive: Colgate-Palmolive Company is a
caring, innovative growth company reimagining a healthier future
for all people, their pets and our planet. Focused on Oral Care,
Personal Care, Home Care and Pet Nutrition and reaching more than
200 countries and territories, Colgate teams are developing and
selling health and hygiene products and pet nutrition offerings
essential to society through brands such as Colgate, Palmolive,
elmex, meridol, Tom’s of Maine, hello, Sorriso, Speed Stick,
Softsoap, Irish Spring, Protex, Sanex, Filorga, eltaMD, PCA Skin,
Ajax, Axion, Fabuloso, Soupline and Suavitel, as well as Hill’s
Science Diet and Hill’s Prescription Diet. Colgate seeks to deliver
sustainable, profitable growth and superior shareholder returns and
to provide Colgate people with an innovative and inclusive work
environment. Colgate does this by developing and selling products
globally that make people’s lives healthier and more enjoyable and
by embracing its sustainability, diversity, equity and inclusion
and social responsibility strategies across the organization. For
more information about Colgate’s global business, its efforts to
improve the oral health of children through its Bright Smiles,
Bright Futures program and how the Company is building a future to
smile about, visit www.colgatepalmolive.com. CL-C
Cautionary Statement on Forward-Looking Statements: This
press release, including our 2025 Sustainability & Social
Impact Strategy, contains forward-looking statements as that term
is defined in the Private Securities Litigation Reform Act of 1995
or by the Securities and Exchange Commission (SEC) in its rules,
regulations and releases. These statements are made on the basis of
Colgate’s views and assumptions as of this time, and Colgate
undertakes no obligation to update these statements except as
required by law. Colgate cautions investors that such
forward-looking statements are not guarantees of future performance
and that actual events or results may differ materially from these
statements due to a number of factors. For information about
factors that could impact Colgate’s business and cause actual
results to differ materially from forward-looking statements,
consult our filings with the SEC (including, but not limited to,
the information set forth under the captions “Risk Factors” and
“Cautionary Statement on Forward-Looking Statements” in the
Company’s Annual Report on Form 10-K for the year ended December
31, 2019 and subsequent Quarterly Reports on Form 10-Q).
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Robert Goodfellow Colgate-Palmolive Company 646-277-1218
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