Unilever PLC is a British multinational consumer goods company that operates in the Personal Care Products sector. Founded in 1929, the company has grown to become one of the largest consumer goods companies in the world, with a presence in over 190 countries. Unilever's products range from food and beverages to personal care products and household cleaning products.
As a large multinational company, Unilever is committed to decarbonisation and reducing its carbon footprint. In 2015, the company set a target to become carbon positive by 2030. To achieve this goal, Unilever has implemented a range of initiatives to reduce its carbon emissions, including investing in renewable energy and increasing energy efficiency.
One of the key ways that Unilever is reducing its carbon footprint is through corporate energy initiatives. The company has implemented a range of energy efficiency measures across its operations, including upgrading its lighting systems and improving the efficiency of its manufacturing processes. Unilever has also invested in renewable energy, including wind and solar power, to reduce its reliance on fossil fuels.
In addition to these initiatives, Unilever has also implemented a corporate power purchase agreement (PPA) to support its renewable energy goals. A corporate PPA is an agreement between a company and a renewable energy provider that allows the company to purchase renewable energy directly from the provider. Unilever's corporate PPA allows the company to purchase renewable energy from a wind farm in Scotland, which provides around 15% of the company's electricity needs in the UK.
Unilever's commitment to renewable energy and decarbonisation has also led to the company being recognized as a leader in sustainability. In 2020, Unilever was named the world's most sustainable company by Corporate Knights, a Canadian media and research company that specializes in corporate sustainability.
Unilever's commitment to decarbonisation and renewable energy is not just limited to its own operations. The company is also working to encourage its suppliers and partners to reduce their carbon footprint and adopt sustainable practices. Unilever has developed a Sustainable Living Plan that sets out a range of targets and initiatives to promote sustainable practices across its supply chain.
One of the key initiatives in Unilever's Sustainable Living Plan is the company's commitment to sourcing 100% of its agricultural raw materials sustainably by 2020. This includes sourcing palm oil, soy, and other agricultural commodities from suppliers that meet Unilever's sustainability criteria, such as the Roundtable on Sustainable Palm Oil (RSPO).
Unilever's commitment to sustainability and decarbonisation is not just a moral imperative, but also makes good business sense. The company recognizes that consumers are increasingly concerned about the environmental impact of the products they buy and are willing to pay a premium for products that are sustainably sourced and produced.
In conclusion, Unilever PLC is a British multinational consumer goods company that operates in the Personal Care Products sector. The company is committed to decarbonisation and reducing its carbon footprint, and has implemented a range of initiatives to achieve this goal, including investing in renewable energy and increasing energy efficiency. Unilever's commitment to sustainability and decarbonisation is not just a moral imperative, but also makes good business sense, as consumers are increasingly concerned about the environmental impact of the products they buy.