Colgate-Palmolive is on a path to missing its approved Science-based Targets emissions by a factor of 7 when optional indirect use emissions are excluded.
In the next decade the consumer goods giant could be hit by a USD 2.1 billion increase in annual operating costs due to potential Carbon Pricing Mechanisms and water scarcity.
Colgate-Palmolive’s emissions are 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.
Planet Tracker’s latest analysis of CA100+ companies reveals that Unilever’s current emissions mitigation strategies are falling short of a 1.5°C pathway, missing emission targets set by the Science-Based Targets initiative (SBTi) by 45% when it comes to total GhG emissions, leaving it on track for a 2ºC warming scenario by 2030. The consumer goods giant is exposed to overall financial risk of 42% of its current three-year annual operating profit by the end of the decade, around USD 4.4 billion.
Unilever on a 2oC trajectory by 2030 with key challenges linked to Scope 3 emissions
Analysis from Planet Tracker finds diversifying farmed seafood production can close supply gap while tackling biodiversity risks.
Analysis from Planet Tracker finds diversifying farmed seafood production can close supply gap while tackling biodiversity risks.
Some of the world’s biggest textile companies are failing to tie executive pay to environmental, social and governance (ESG) performance. Planet Tracker’s Textiles Compensation report analyses 30 top textile brands, revealing that over half of companies (17), including Anta Sports, Gap, Levi Strauss, Nordstrom, Under Armour and Victoria’s Secret, lack any link whatsoever between pay and ESG metrics.
The textiles industry is out of fashion with failure to link executive pay with sustainability performance.
Decarbonisation is a business imperative for companies looking to remain competitive in the long term. As such, organisations must develop a clear understanding of their current carbon footprint and devise strategies for reducing and ultimately eliminating their emissions. According to the Science Based Targets initiative (SBTi) this ‘climate transition process’ has set over 1,600 companies on a 30-year journey to Net Zero. Planet Tracker, has developed a disclosure assessment template which can be used by investors and lenders to determine the credibility of a company’s climate transition plan.
PepsiCo’s transition plan fails to align the company with its goal of a 1.5°C pathway by 2030
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