Colgate-Palmolive Co (CL:US) – Climate Transition Analysis

Planet Tracker’s report on CA100+ companies found Colgate-Palmolive’s emissions were on a pathway seven times higher than the level recommended by the Science-Based Targets initiative (SBTi), aligning with a +3ºC warming scenario by 2030. The company provided ‘no clear strategy’ to mitigate its main source of emissions, namely, upstream Scope 3 activities.

The consumer goods giant’s climate engagement with its value chain has not resulted in positive results over the last half-decade, with the GHG emissions from key ‘targeted’ areas experiencing substantial growth.

UPDATE: By February 2024, Colgate-Palmolive provided additional data showing positive changes in the company’s climate disclosures.