Reckitt is a British multinational company that operates in the Home Products sector. The company is headquartered in Slough, United Kingdom, and is known for its wide range of consumer products, including cleaning and hygiene products, health and wellness products, and infant and child nutrition products. Reckitt has a significant presence in over 60 countries and employs over 40,000 people worldwide.
Reckitt is committed to sustainability and has set ambitious targets to reduce its carbon footprint and contribute to decarbonisation efforts. The company has pledged to achieve net-zero carbon emissions across its entire value chain by 2040, in line with the Paris Agreement's goals. To achieve this, Reckitt is implementing a range of measures to reduce its carbon emissions, including investing in renewable energy, improving energy efficiency, and transitioning to low-carbon transportation.
One of the key ways Reckitt is reducing its carbon footprint is by investing in renewable energy. The company has set a target to source 100% of its electricity from renewable sources by 2030 and has already made significant progress towards this goal. In 2020, Reckitt sourced 44% of its electricity from renewable sources, up from 32% in 2019. The company is also exploring opportunities to generate renewable energy on-site, such as installing solar panels on its manufacturing facilities.
To further support its renewable energy goals, Reckitt has also signed several corporate power purchase agreements (PPAs). A corporate PPA is a long-term agreement between a company and a renewable energy provider, where the company agrees to purchase a set amount of renewable energy at a fixed price over a specified period. Reckitt has signed several PPAs in recent years, including a 12-year agreement with a wind farm in Scotland and a 10-year agreement with a solar farm in Texas. These agreements provide Reckitt with a reliable source of renewable energy while also supporting the development of new renewable energy projects.
In addition to investing in renewable energy, Reckitt is also focused on improving energy efficiency across its operations. The company has set a target to reduce its energy intensity (energy use per unit of production) by 40% by 2030, compared to a 2015 baseline. Reckitt is achieving this through a range of measures, including upgrading its manufacturing equipment to more energy-efficient models, improving building insulation, and implementing energy management systems.
To track its progress towards these sustainability goals, Reckitt has established a comprehensive monitoring and reporting system. The company regularly reports on its carbon emissions, energy use, and progress towards its sustainability targets. Reckitt also participates in external sustainability reporting initiatives, such as the Carbon Disclosure Project (CDP), where it has consistently achieved high scores for its climate change and water management efforts.
In conclusion, Reckitt is a leading player in the Home Products sector with a strong commitment to sustainability. The company is implementing a range of measures to reduce its carbon footprint and contribute to decarbonisation efforts, including investing in renewable energy, improving energy efficiency, and transitioning to low-carbon transportation. Reckitt's ambitious sustainability targets and transparent reporting demonstrate its commitment to driving positive environmental change and contributing to a more sustainable future.