Colgate-Palmolive Outlines Progress Toward 2025 Environmental Goals in Sustainability & Social Impact Report
April 22 2022 - 8:00AM
Business Wire
Publishes New TCFD Report Assessing Climate
Impact
Colgate-Palmolive (NYSE: CL) today launched its 2021
Sustainability & Social Impact Report, which outlines recent
advancements toward its ambitious sustainability goals. The report
includes the Company’s new Climate Action & Net Zero Carbon
transition and targets and introduces an enhanced framework to meet
its ambition of Driving Social Impact, recognizing that
environmental stewardship and social impact are interdependent and
essential to protecting and enhancing the planet.
In addition to the 2021 Sustainability & Social Impact
Report, Colgate also recently published its first report aligned
with recommendations from the Task Force on Climate-Related
Financial Disclosures (TCFD), highlighting the Company’s strategy
to address the risks and opportunities related to climate
change.
“At Colgate, we firmly believe that Sustainability & Social
Impact go hand in hand. I am proud that our strategy prioritizes
both sustainability and social impact initiatives so that we can
empower communities across the globe to have brighter, healthier
futures,” said Ann Tracy, Chief Sustainability Officer,
Colgate-Palmolive. “By striving to make progress across our three
key ambitions – Driving Social Impact, Helping Millions of Homes,
and Preserving Our Environment – we can make a positive impact on
all people, their pets and our planet.”
Advancing Sustainability
In 2021, Colgate achieved measurable steps toward its 2025
Sustainability & Social Impact Strategy, executing across 11
actions and more than 50 targets for building a more sustainable
future. Top achievements include:
- Accelerating Action on Climate Change: In the report,
Colgate announced the climate transition approach and targets to
reduce Scope 1, 2, and 3 emissions by 20% by 2025, by 42% by 2030,
and reach Net Zero carbon emissions across the value chain by
2040.1
- Eliminating Plastic Waste: As of December 31, 2021,
approximately 84% of Colgate’s packaging across categories and
materials by weight was technically recyclable. Colgate’s
first-of-its-kind recyclable toothpaste tube2 – breakthrough
technology that the Company is freely sharing with the industry –
exemplifies this progress.
- Reducing Waste: Twenty-six Colgate plants across five
continents have been certified as Total Resource Use and Efficiency
(TRUE®) Zero Waste compliant, as of December 31, 2021, with six new
certifications added in 2021 alone. Colgate has more
certifications, which assess business performance in reducing
waste, than any other company.
Driving Social Impact
Colgate is committed to ensuring the well-being of those we
serve, building a culture of inclusivity and creating meaningful
opportunities for all people to succeed inside and outside of
Colgate. Within its 2021 Sustainability & Social Impact Report,
Colgate unveiled an enhanced ambition for Driving Social Impact,
which focuses on three actions:
- We inspire our people to make a difference
- We create a more inclusive world
- We help children, their families and communities thrive
Additionally, the company released a separate 2022 Diversity,
Equity & Inclusion Report, which outlines key accomplishments
and areas of opportunity.
As part of its commitment to advance communities’ health and
well-being, Colgate strengthened its flagship corporate social
responsibility initiative, Bright Smiles, Bright Futures, which has
reached more than 1.4 billion children and their families since its
inception in 1991.
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, we sell our products in more than 200 countries and
territories under brands such as Colgate, Palmolive, elmex, hello,
meridol, Sorriso, Tom's of Maine, EltaMD, Filorga, Irish Spring,
PCA SKIN, Protex, Sanex, Softsoap, Speed Stick, Ajax, Axion,
Fabuloso, Soupline and Suavitel, as well as Hill's Science Diet and
Hill's Prescription Diet. We are recognized for our leadership and
innovation in promoting sustainability and community well-being,
including our achievements in decreasing plastic waste and
promoting recyclability, saving water, conserving natural resources
and improving children's oral health through the Colgate Bright
Smiles, Bright Futures program, which has reached more than 1.4
billion children since 1991. For more information about Colgate's
global business and how we are building a future to smile about,
visit www.colgatepalmolive.com. CL-C
Forward-Looking Statements
All statements in this press release that are not historical,
including targets for and projections for future results, the
expected achievement and effect of our sustainability and
diversity, equity and inclusion strategies and initiatives,
including our 2025 Sustainability & Social Impact Strategy, and
the amounts and timing of their expected impact are
“forward-looking statements” within the meaning of the U.S. Private
Securities Litigation Reform Act of 1995 and the rules, regulations
and releases of the U.S. Securities and Exchange Commission (SEC).
Forward-looking statements are based on management’s views and
assumptions as of the date they were made and, except as required
by law, we undertake no obligation to update these statements as a
result of new information and we make no representation, express or
implied, that the information is still accurate or complete. We
caution 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.
Information about factors that could impact our business and cause
actual results to vary, possibly materially, from these
forward-looking statements, can be found in our filings with the
SEC, including the information set forth under the captions “Risk
Factors” and “Cautionary Statement on Forward-Looking Statements”
in Colgate’s Annual Report on Form 10-K for the year ended December
31, 2021 for the year ended December 31, 2021 and subsequent
Quarterly Reports on Form 10-Q.
______________________________ 1 Scope 1 and 2 defined as GHG
emissions in operations; Scope 3 defined as emissions from
Purchased Goods & Services (excludes Scope 3 Categories 2, 9,
11 & 12 per Science Based Target initiative's Net Zero
Standard). 2 During this transition phase, acceptance of tubes at
certain recycling facilities may be limited and consumers should
check locally. Learn more here.
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Thomas DiPiazza Colgate-Palmolive Company
Thomas_DiPiazza@colpal.com
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