Colgate-Palmolive

RATING

SECTOR

Household and Personal Care

WEBSITE

CONTACT

300 Park Avenue
New York, NY,
United States

Tel: 1 (800) 468-6502

STOCK EXCHANGE

LISTING

  • 2019 Dow Jones Sustainability Indices
  • Best Places to Work for Disability Inclusion 2019 Disability Equality Index
  • Working Mother magazine as a 100 Best Company, and a Best Company for Multicultural Women
  • National Association for Female Executives (NAFE) named Colgate-Palmolive a Top Company for Executive Women 2020
  • Barron’s 100 Most Sustainable U.S. Company
  • No.1 Most Trusted Oral Hygiene Brand by TRA’s Brand Trust India Study Report 2019
  • Top 10 Most Recommended Brand in Colombia by Raddar

EMPLOYEES

34,300

CHIEF SUSTAINABILITY OFFICER

Ann Tracy

AWARDS

  • 2020 ENERGY STAR® Partner of the Year
  • 2020 ENERGY STAR Sustained Excellence Award
  • World’s Most Ethical Companies for 2020 by Ethisphere
  • Silver Effie Award
  • UN Global Compact LEAD
  • Showcase Award from The Association of Plastic Recyclers

CONTENT SOURCE

FURTHER READING

Report created by Sagarika Deshmukh 

Colgate-Palmolive

SECTIONS :  Sustainability    Evaluation  •  Progress  •  Watch  •  Overview

Colgate-Palmolive

Colgate-Palmolive is an American multinational consumer products company headquartered in New York City.

Colgate-Palmolive Co. engages in the manufacturing, distribution and provision of household, health care, personal care and veterinary product products. It operates through Oral, Personal and Home Care and Pet Nutrition segments.

The Oral, Personal and Home Care segment represents North America, Latin America, Europe, Asia Pacific, and Africa or Eurasia, all of which sell to a variety of retail and wholesale customers and distributors.

The Pet Nutrition segment offers pet nutrition products for dogs and cats. Its principal global and regional trademarks include Colgate, Palmolive, Elmex, Meridol, Tom’s of Maine, Sorriso, Hello, Speed Stick, Lady Speed Stick, Softsoap, Irish Spring, Protex, Sanex, Filorga, Elta MD, PCA Skin, Ajax, Axion, Fabuloso, Soupline, and Suavitel, as well as Hill’s Science Diet and Hill’s Prescription Diet.

Company Sustainability Activity

Colgate is presented with tremendous opportunities and new challenges in the area of sustainability. The company begins this new decade with great momentum and a sense of accomplishment as they finish the last year of their 2015 to 2020 sustainability strategy.

The company is setting its sights on something even bigger as they announce their 2025 Sustainability Mission “12 Ambitions”, and several new important Targets. 

In the 2025 Sustainability Mission, Colgate invites a billion homes to create a healthy and sustainable future.

According to the company, “Sustainability is integrated into Colgate’s business model and aligned with their core values: Caring, Global Teamwork, and Continuous Improvement.

Their sustainability efforts help ensure their business grows consistently and responsibly, benefits those they serve and promotes the well-being of future generations. Colgate-Palmolive supports the Sustainable Development Goals (SDGs).

Highlights

  • Net Zero Carbon Emissions by 2040
  • 100% Renewable Electricity by 2030
  • 100% Zero Waste Facilities
  • Eliminate 1/3rd of New Plastics
  • 100% Ingredients Transparency
  • Net Zero Water Factories
  • Reach 2 Billion Children to Improve Oral Health

Targets

Colgate’s 2020 Targets

  • 25% Absolute GHG emissions reduction from mfg. (Scope 1&2) vs 2002 
  • 25% Purchased Electricity from Renewable Sources
  • 33% Energy intensity reduction in mfg vs 2002 
  • Increase #US EPA ENERGY STAR Challenge site recognitions since 2011
  • Increase #USGBC LEED certified projects completed 
  • GHG Intensity reduction of Outbound Logistics (Scope 3) vs 2015
  • Up to 5% Absolute GHG reduction from consumers saving water to be estimated (Scope 3) from 2016-2022 
  • 50% reduce manufacturing water intensify by 50% compared to 2022
  • Improve Replenish water withdrawn in highly stressed regions, using the water replenishment stressed model 
  • Increase suppliers participation in the water stewardship program via CDP Supply Chain Water Survey
  • Increase number of people reached since 2013 through Water for People’s Forever Program 
  • Increase number of Playpumps sponsored 
  • 15% reducing health risk associated with an unhealthy lifestyle for employees as a result of the employee Health and Wellness Strategy
  • 50% to 65% employee participation rate in the Healthy Activity Challenge 
  • 95% of employees access to Preventive Oral Care 
  • 100% of employees have a no smoking work environment 
  • Increase the number of tobacco free sites/campus

Colgate’s 2025 Targets

  • Net Zero Carbon Emissions by 2040
  • 100% Renewable Electricity by 2030
  • 100% Zero Waste Facilities
  • Eliminate 1/3rd of New Plastics
  • 100% Ingredients Transparency
  • Net Zero Water Factories
  • Reach 2 Billion Children to Improve Oral Health

Progress

Planet

  • In 2019, Colgate reduced water use per ton of production by nearly 50% versus 2002, avoiding enough water use to fill 274 billion glasses of water
  • Colgate continues to reduce its absolute greenhouse gas emissions. So far, the company  has reduced absolute greenhouse gas emissions by approximately 32% compared to 2002
  • Working toward the Company’s goal of  “Zero Waste,” Colgate has reduced the amount of waste per ton of production sent to landfills by nearly 66% since 2010
  • Colgate’s contributions to Water For People’s Everyone Forever program reached 460,000 people with water and sanitation and/or health and hygiene education since 2013
  • 66% reduction in waste sent to landfill per ton of product manufactured versus 2010
  • 33% reduction in energy intensity versus 2002
  • To date, 16 Colgate manufacturing facilities have achieved Green Business Certification Inc. (GBCI) TRUE Zero Waste certification
  • 50% reduction in water use per ton of product manufactured versus 2002
  • 32% reduction in greenhouse gas emissions versus 2002
  • 62% of palm oil, palm kernel oil and palm oil derivatives purchases are certified

Performance

  • Through cross-functional collaboration across the Colgate world, the company continues to make progress and 99% of new products in 2019 have improved sustainability profiles
  • Approximately 45% of packaging materials by weight globally now come from recycled sources and approximately 81% of packaging is considered recyclable. Over 99.5% of packaging by weight is free of PVC
  • To date, The Save Water program has helped avoid using an estimated 99 billion gallons of water and an estimated 5.5 million metric tons of greenhouse gas emissions
  • Improved the sustainability profile of 99% of new products and product updates
  • Approximately 81% of our packaging by weight is technically recyclable
  • Through the partnership with TerraCycle®, more than 54,000 locations engaged in recycling, helping the company divert nearly 10 million pieces of oral care waste from landfills globally
  •  Approximately 45% of packaging materials by weight are from recycled sources
  •  In 2019, the company completed adding all categories in the U.S. to the SmartLabel program

People

  • Over 1.2 billion children reached in over 80 countries by Colgate’s Bright Smiles, Bright Futures® (BSBF) oral health education program since 1991
  • More than 1.5 million people reached with handwashing education in 2019
  • Supplier Responsible Sourcing Assessments program in 2019 assess more than 80% of the“at risk” spend
  • Colgate People achieved 23 million Healthy Activity Minutes
  • More than 11 million pet adoptions since 2002 through the Hill’s Food, Shelter & Love™ program
  • With a continued emphasis on foundational health and safety programs and critical risk management, in 2019, Colgate had the lowest number of recordable and lost workday accidents in our Company’s history.

Certificates

United Nations Sustainable Development Goals

United Nations SDGs Compliance

SDG 3

  • Continuously improve employee health and reduce health risks by 15%
  • Encourage healthier living for Colgate People and their families
  • Ensure a safe and healthy work environment with a goal of zero lost-time incidents
  • Invest in the improvement of health, education, and environment for thousands of people in communities around the globe
  • Reach 60 million people annually with handwashing education
  • In 2019, Colgate launched the first global Health and Well-being Assessment campaign, reaching a total of 5,500 employees in 67 countries

SDG 4

  • Provide education and tools to Colgate People to elevate financial awareness and planning

SDG 6

  • Reduce the manufacturing water intensity by half compared to 2002
  • Replenish water withdrawn in highly stressed regions
  • Increase supplier participation in the water stewardship program
  • Partner with local and global organizations to bring clean water to underserved areas of the world
  • Promote water conservation awareness to all our global consumers
  • Colgate’s contributions to the Water For People’s Everyone Forever program helped the organization reach more than 460,000 people since 2013 with water, sanitation systems and/or health and hygiene education in Guatemala, Peru and India

SDG 7

  • Promote the use of renewable energy and reduce absolute greenhouse gas emissions from manufacturing by 25% compared to 2002

SDG 13

  • Improve the sustainability profile in the company’s  new products and product updates
  • Commit $250 million to drive sustainability with a breakthrough product and process innovation
  • Increase the recyclability of packaging and increase recycled content to 50%
  • Reduce manufacturing energy intensity by one-third compared to 2002
  • Halve manufacturing waste sent to landfill per ton of product compared to 2010, working toward our goal of “Zero Waste

SDG 17

  • Partner with key suppliers, customers and consumers to reduce energy, greenhouse gas emissions, and waste

Evaluation

Colgate-Palmolive has been adhering to all the SDGs contributing towards various charity and goodwill aspects of society.

With clear KPIs and goals, they stick to a very organized business mindset, in order to “act as responsible stewards of the planet we share”.

However, there is some concern about their implication in deforestation especially with palm oil according to Greenpeace. Therefore, they are rated as a C.

Analyst Outlook: Positive

Colgate has explicit sustainability goals and strategies. They are continuously trying to improve their efforts.

Key Points

  • Controversy regarding the sustainable sourcing of materials such as palm oil, palm kernel oil.
  • Colgate uses the CDP disclosure to report on climate change
  • Listed in Dow Jones Sustainability Indices
  • LEED certification
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