Colgate-Palmolive

RATING

SECTOR

 Household/Personal Care

WEBSITE

CONTACT

300 Park Avenue

New York, NY

United States



STOCK EXCHANGE

LISTING

  • Dow Jones Sustainability Index (DJSI)
  • Top 50 employers, Reader’s Choice – Careers and the disABLED Magazine (2019) 
  • 100 most sustainable US Companies from Barron’s
  • Top 50 Companies for Diversity – DiversityInc
  • Top Companies for Executive Women (2019)
  • World’s Most Ethical Company – Ethisphere 
  • CDP A List in 2018

EMPLOYEES

34,500

CHIEF SUSTAINABILITY OFFICER

Vance Merolla

AWARDS

  • Energy Star Partner of the Year
  • Sustained Excellence
  • Energy Star EPA

 

CONTENT SOURCE

FURTHER READING

Colgate-Palmolive

SECTIONS :  Sustainability    Evaluation  •  Progress  •  Watch  •  Overview

Company Activity

Colgate-Palmolive Company, together with its subsidiaries, manufactures and sells consumer products worldwide. The company operates through two segments, Oral, Personal and Home Care; and Pet Nutrition. The Oral, Personal and Home Care segment products include toothpaste, toothbrushes, mouthwash, bar and liquid hand soaps, shower gels, shampoos, conditioners, deodorants and antiperspirants, skin health products, dishwashing detergents, fabric conditioners, household cleaners, and other similar items. This segment markets and sells its products to various retailers, wholesalers, and distributors. The Pet Nutrition segment offers pet nutrition products for everyday nutritional needs; and a range of therapeutic products to manage disease conditions in dogs and cats. This segment markets and sells its products for dogs and cats through pet supply retailers, veterinarians, and e-commerce retailers. 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. 

According to the company :

“Colgate operates in more than 80 countries, and our products are marketed in more than 200 countries and territories. Approximately 34,500 Colgate employees drive our success. Headquartered in New York City, Colgate operates through six divisions around the world: North America, Latin America, Europe, Asia Pacific, Africa/Eurasia, and Hill’s Pet Nutrition.

The Company has more than 50 manufacturing and research facilities globally. The vast majority of Colgate products are manufactured in Colgate-owned facilities. Colgate also has an extensive supply chain consisting of thousands of suppliers of raw and packing materials, manufacturing operating supplies, capital equipment, and other goods and services.”

Company Sustainable Activity

HIGHLIGHTS

According to the Company:

“Colgate is conducting an updated prioritization assessment process to identify our key sustainability issues, risks and opportunities. This process will not only help us devise our 2025 sustainability strategy, but it will also help us to gather feedback and data from around the world and to build an effective monitoring mechanism to monitor sustainability-related matters. Our updated assessment process has three pillars that are designed to expand the scope and depth of the information we collect from our stakeholders is:

  1. Conduct an Employee Sustainability Survey to ascertain our employees’ interests and motivation with respect to sustainability, to understand what employees think Colgate should focus on to become a more sustainable company and to improve our communication around sustainability and our achievements in this area;
  2. Hold discussions with subject matter experts to identify sustainability-related risks and opportunities that are relevant to their respective areas of responsibility; and
  3. Identify key topics that are frequently addressed by our external stakeholders.

Based on the Risk Factors identified in our Annual Report on Form 10-K, our top sustainability risks are Product Stewardship, Climate Change and Responsible Sourcing.

Colgate is managing risks and opportunities through the implementation of our 2015 to 2020 Sustainability Strategy. Through our Enterprise Risk Management process, we are focused on the environmental and social impact risk of plastic waste as well as climate and water scenario planning.”

 GOVERNENCE

  • All Colgate facilities have a fully implemented Environmental Occupational Health and Safety (EOHS) Management System covering a wide range of categories, including energy, water, and waste management. 
  • Colgate facilities are expected to self-assess compliance with standards and local regulations every 18 months.
  • Corporate audits are conducted every three to five years, closure progress is reported quarterly, and verification audits are conducted to provide closure assurance.

ENVIRONMENT

  • 29.7% Absolute GHG emissions reduction from mfg.(Scope 1&2) vs 2002 
  • 27% Purchased Electricity from Renewable Sources
  • 31.8% Energy intensity reduction in mfg vs 2002 
  • 70 US EPA ENERGY STAR Challenge site recognitions since 2011
  • 26 USGBC LEED certified projects completed 
  • 16% GHG Intensity reduction of Outbound Logistics (Scope 3) vs 2015
  • 5% Absolute GHG reduction from consumers saving water to be estimated (Scope 3) from 2016-2022 


TARGETS :

→  REDUCING ENVIRONMENTAL FOOTPRINT 

  • 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
  • In June 2018, Colgate-Palmolive Company joined the Ellen MacArthur Foundation’s New Plastics Economy initiative, reflecting their commitment to 100% recyclability of packaging across all its product categories and its target to achieve 25% recycled content in all plastic packaging by 2025.

  • They support a vision for a future without deforestation and
    work to meet the company’s goal of no deforestation by 2020.

MANAGING WATER 

  • 50% reduce manufacturing water intensify by 50% compared to 2022
  • Improve Replenish water withdraw in highly stressed regions, using water replenishment stressed model 
  • Increase suppliers participation in company’s 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 

DECENT WORKING ENVIRONMENT

  • 15% reducing health risk associated with an unhealthy lifestyle for employees as a result of 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 has a no smoking work environment 
  • Increase the number of tobacco free sites/campus

Certificates

LEED Buildings

Sustainable Development Goals

How company covers SDGs

Although the company suggests to contribute all of the SDGs, their activities mainly focus around SDG 3, 6, 7, 8, and 16.

SDG 3, 

→ Colgate shows great commitment to their employees’ health and well being. They are committed to tobacco-free sites and sustainable buildings. The company also provides oral and handwashing education. They provide well being and health through their product sustainability and sustainable packaging.

SDG 6,

→ In 2017, Colgate joined the UN CEO Water Mandate Action Platform as part of the UN Global Compact (UNGC). They invest in water conservation and assessing water risks associated with their global operations; increasing supplier participation in the company’s water stewardship program; developing innovative products that enable consumers to use less water and working with local and global organizations to help promote access to clean water.

SDG  7,

→ The company is committed to reduce energy use and greenhouse gas emissions also enables Colgate to mitigate costs.They set science-based targets to reduce greenhouse gas emissions, improving their global Energy Management System and investing in planet-related improvements via their manufacturing capital program; they promote use of renewable energy. Their buildings have LEED certificates and Energy Star.

 

SDG  8,

→ They work hard to provide safe and health working environment to their employees. They are committed to reduce unhealthy practices in the work place and provide trainings and challenges through this aim. 

SDG 16, 

→ Colgate’s compliance training, “Ethical Leadership Training” uses a mixture of classroom and online training and covers numerous priority ethical topics, including Anti-Bribery, Competition Law, Privacy and Trade Compliance. Training is mandatory and is linked to compensation for certain employee populations. Colgate has a strict policy prohibiting bribery of governmental officials and private commercial parties. Colgate also mandates that the third parties with whom they work comply with anti-bribery policy, which is included in their Third Party Code of Conduct. 

Secondary SDGs : 1, 4, 5, 9, 10, 11, 12, 13, 14, 15, and 17

Progress

→ MANAGING WATER 

  • 45.8% reduce  manufacturing water intensify by 50% compared to 2022
  • 71% (related to manufacturing sites in India)  Replenish water withdraw in highly stressed regions, using  water replenishment stressed model
  • 82% suppliers participation in water stewardship program via CDP Supply Chain Water SurveY
  • 450, 000 people reached since 2013 through water for people’s Forever Program
  • 26 of Playpumps sponsored

→DECENT WORKING ENVIRONMENT

  • 10% reducing health risk associated with an unhealthy lifestyle for employees as a result of employee Health and Wellness Strategy
  • 60% employee participation rate in the Healthy Activity Challenge 
  • 83% of employees access to Preventive Oral Care 
  • 80% of employees has a no smoking work environment 
  • 7 of tobacco free sites/campus
  •  

Colgate-Palmolive have been adhering to all the SDGs contributing towards various charity and goodwill aspects of the society. With clear KPIs and goals they stick to a very organised business mindset, in order to “act as responsible stewards of the planet we share”. However, there is some concern about their implication in deforestation specially with palm oil according to greenpeace.  Therefore they are rating as a C.



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